Palos Verdes Real Estate Blog

I had another tour of Terranea Resort and it is really taking shape. Palos Verdes Peninsula’s first hotel/resort (and Los Angeles County’s only resort on the water) is scheduled to open June 1, 2009. Terranea is already booking events and taking hotel reservations at $400 to $5500 per night. $5,500 is for the Presidential Suite with its fabulous ocean views and 1,800 square feet of luxury accommodations.

There are currently 32 casitas and villas for sale (50 have already sold) between $2,225,000 and $4,500,000. Owners, of course, have access to all the amenities of Terranea including resort facilities, housekeeping, etc. You can stay in your unit 60 days (casitas) or 90 days (villas) per calendar year and rent them out the rest of the year. View below is from a casitas balcony.

Terranea is receiving over 150 inquiries a month for weddings alone. There are over 1,000 people working 6 days a week to make sure the resort is finished by June. The pools are in but not yet filled. The waterslide is in. The lobby entry is now paved. When you drive down Palos Verdes Drive South past Terranea, you will see green as the golf course is being planted. It is so exciting to see the progress!