2521 Novato Place, Palos Verdes Estates, California 90274, Palos Verdes Estates, 90274 - 3 bed, 3 bath

2521 Novato Place, Palos Verdes Estates, California 90274 home-pic-0
ACTIVE$6,880,000
2521 Novato Place, Palos Verdes Estates, California 90274
3Beds
3Baths
3,586Sqft
65,179Lot
Year Built
1955
Close
-
List price
$6.88M
Original List price
$6.88M
Price/Sqft
$1,919
HOA
-
Days on market
-
Sold On
-
MLS number
OC25153371
Home ConditionPoor
Features
Excellent View: City Lights, Coastline, Panoramic
Pool
Patio
ViewCity Lights,Coastline,Panoramic

About this home

We found 3 Cons,7 Pros. Rank: price - $6.88M(96th), sqft - 3586(77th), beds - 3(32th), baths - 3(50th).

A sprawling custom-built home on an exceptional property with breathtaking views is being offered in the prestigious Montemalaga area of Palos Verdes Estates! It features a large living room, a round brick castle tower room, three bedrooms (actually four… one is a walkthrough that could be used as an art studio or nursery etc..), three baths, a split-level office/den over a wet bar, two dining areas and a separate entertainment/bonus room. This single-story ranch-style residence has remarkable brick and woodwork construction. Outside, there is a pool, built-in grill, and patio that shares the view. All this sits at the end of a cul-de-sac, giving it great privacy. A large circular driveway brings you up to a three-car garage with a workspace and plenty of parking. This lot is extremely rare and unique. It is over 65,000 square feet, almost 1.5 acres, allowing one to build a large footprint new construction home if desired. Another reason to purchase this property is simply the view! Amazing and unblocked, this view looks at the Queen’s Necklace, downtown Los Angeles and the So-fi center, and the coastline from Redondo up toward Malibu and further west and all the way back across to Long Beach and further to the east with mountains in the distance. This area is desirable for many reasons: schools, safety, areas like Malaga Cove and the beach nearby, access to the LA basin, and fine living. Come see this once-in-a-lifetime opportunity!

Nearby schools

10/10
Montemalaga Elementary School
Public,K-50.5mi
9/10
Silver Spur Elementary School
Public,K-50.6mi
9/10
Vista Grande Elementary School
Public,K-51.6mi
7/10
Lunada Bay Elementary School
Public,K-52.4mi
9/10
Ridgecrest Intermediate School
Public,6-81.6mi
9/10
Palos Verdes Intermediate School
Public,6-81.8mi
10/10
Palos Verdes Peninsula High School
Public,9-120.9mi
8/10
Palos Verdes High School
Public,9-122.1mi
Condition Rating
Poor

Built in 1955, this property's interior is severely dated, requiring substantial repairs and rehabilitation. The kitchen features original or very old dark wood cabinetry, laminate countertops, and outdated white appliances, along with fluorescent lighting. All three bathrooms are extremely old-fashioned, characterized by pink/peach tiles and fixtures, and dated wallpaper, indicating a complete renovation is necessary. Throughout the home, the flooring consists of worn, patterned carpets (orange/brown and light brown) and old tile, while extensive wood paneling and exposed beams contribute to a dark, outdated aesthetic. Light fixtures are uniformly old. While the structure appears sound, the interior components are well past their expected lifespan and do not meet current quality standards, making it uncomfortable for modern living without significant investment.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 65179, living area = 3586.
Great Schools: Elementary School: Montemalaga Elementary School (10/10). Middle School: Palos Verdes Intermediate School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Unrivaled Panoramic Views: The property boasts breathtaking, unblocked panoramic views spanning the Queen’s Necklace, downtown Los Angeles, the coastline from Redondo to Malibu, and distant mountains, offering a spectacular and highly desirable backdrop.
Exceptional Development Opportunity: A rare and expansive 1.5-acre (over 65,000 sqft) lot, situated at the end of a cul-de-sac, presents an unparalleled opportunity for new construction or significant expansion to create a custom estate.
Prime Palos Verdes Estates Location: Located in the prestigious Montemalaga area, renowned for its top-rated schools, safety, and luxurious lifestyle, with convenient access to local amenities like Malaga Cove and the LA basin.
Privacy and Seclusion: Positioned at the end of a cul-de-sac on a vast lot, the property ensures exceptional privacy and a tranquil living environment, a premium feature in this desirable area.
Desirable Outdoor Living & Amenities: Features a private pool, built-in grill, and a view-sharing patio, complemented by a large circular driveway and a three-car garage with a workspace, enhancing the outdoor lifestyle.

Cons

Dated Interior & Renovation Needs: Built in 1955, the existing custom home, while well-constructed, likely requires substantial interior updates and modernization to align with current luxury market expectations and maximize its potential.
Functional Layout Challenge: The description notes one bedroom as a 'walkthrough,' which could compromise privacy and functionality for residents, potentially necessitating a layout reconfiguration.
High Maintenance Requirements: The extensive 1.5-acre lot, coupled with a pool and mature landscaping, implies significant ongoing maintenance and upkeep costs, which prospective buyers should factor into their budget.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state