Palos Verdes real estate area 172 is known as La Cresta, and is located in the city of Rancho Palos Verdes. Multiple listing Service Area 172 is bordered by the City of Rolling Hills to the east, Palos Verdes Land Conservancy acreage to the south, Hawthorne Boulevard and Indian Valley to the west and a very jagged border to the north which includes Wallace Ranch and Crestridge.
The La Cresta area includes the developments of Cresta Verde, Pepper Tree, The Ranch, Rolling Hills Country Estates, Wallace Ranch, Vantage Point, Hillcrest Manor and Rolling Hills Park. Some of the newer developments in this area are Island View, Ocean Terrace and Sea Breeze. These newer homes are built on larger sites some about a 1/2 acre. The Vantage Point development was built on the former site of the Northrop Research Center.
This area is home to two parks – Highridge Park & Del Cerro Park. Highridge Park is ten and a half acres, and has two regulation size soccer fields, a youth softball/baseball field, large playground area and running tracks with Par Course stations. Del Cerro Park is known for its hiking; it is the trail head to four trails (two to four miles long) which are part of the Canyons Ecological Reserve. These hikes are great for both beginners and the more experienced hiker. You’ll also really enjoy the views of the oceanfront and Catalina.
St. John Fisher’s private elementary school and Church are also located in this area. In 1947 Palos Verdes College opened on 55 acres along Crest Road and operated there with portable buildings until 1954. The project was never completed due to financial difficulties.
Currently there are 3 condo/town homes in this area. They range from $539,000 for a 2 bedroom/3 bath, 1,572 square foot unit to $719,000 for a 3 bedroom/3 bath, 2,148 square foot condo. There are 13 single family Palos Verdes homes in this area for sale. They range from $1,370,000 for a 4 bedroom/3 bath, 2,613 square foot single family residence to $3,899,900 for a 5 bedroom/6 bath, 5,810 square foot single family residence.