I have had several questions about the new $53,000,000 Palos Verdes home for sale. Nearly a month ago, LA Times had an article about this $53,000,000 Palos Verdes home located in the City of Rolling Hills. This is big news for Palos Verdes as the most expensive home sold to date was on Crest Road also in Rolling Hills that sold in 2007 for $12,900,000; it was on the market for 16 days!
Lauren Beale wrote a very descriptive article about the home itself and the building of the home (click here to read the entire LA Times article). The nearly 50,000 square foot house is six stories with 5 of those stories being underground as the City of Rolling Hills only allows one story homes (that must be painted white). The nearly 8-acre property includes a guesthouse, an olive tree grove, an apartment/garage wing, a reflecting pool, a boccie court and a swimming pool with 180-degree views of Los Angeles and Santa Monica Bay coastline. The 9 bedroom, 25 bath home has two elevators, a wine cellar, a five story indoor tennis court and a 10,000 square foot hamman (Turkish bath) complete with refreshment rooms, tubs, steam room, massage shower and indoor swimming pool. Click here for more photos from the LA Times.
Lauren Beale quotes the owner’s reason for selecting Rolling Hills as the site to build his home which is called Hacienda De La Paz – “Of the two most dramatic spots on the California coast, the Monterey Peninsula and here, this is grander.” The Palos Verdes Peninsula “has life” and unlike the Westside, it’s not congested. I couldn’t agree more. I think our secret may be out.
I would love to see this house and have been waiting for the home to have a Broker’s Open House – nothing yet. I am pretty sure it would make my Top Tuesday Tour pick! Marcie Hartley of Hilton & Hyland/Christie’s International Real Estate is the listing agent.
Photos courtesy of LA Times/Mark Singer Photography