Archive for the 'Rolling Hills' Category

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Rolling Hills is a private, gated, equestrian community located atop the scenic hills of the Palos Verdes Peninsula.  The city was incorporated in 1957 and is 3 square miles.  This is the smallest city on the Peninsula and the most private.  In 2002, there were 690 homes with a population of 1,906 residents.  The city has 26 miles of private roads and 23 miles of equestrian trails. 

Current real estate prices for single family residences are between $1,975,000 (for a 3 bedroom, 2.50 bath, 1,904 square foot on a 63,000 square foot lot) and $23,000,000 (for a 5 bedroom, 8 bath, 10,000 square foot home on a 179,031 square foot lot) with 17 active listings.  There is even a $10,800,000 home with its own private observatory.

Rolling Hills is entirely residential (no commercial/stores or multiple family housing) with three guarded gate entrances.  Lots are a minimum of 1 acre.  Homes are mostly large one-level ranch style residences and must be painted white (”basements” can be allowed and on sloping lots give the look of a bottom floor).  Fences are white three rail and there are no sidewalks, street lights or traffic lights.  The Rolling Hills Community Association (310-544-6222) assesses each parcel yearly ($.20 per $100 of tax assessor valuation) and also maintains 2 community riding rings and 3 tennis courts in addition to the guard gates and private roads.

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Palos Verdes Peninsula is actually composed of 4 different cities - Palos Verdes Estates, Rancho Palos Verdes Estates, Rolling Hills and Rolling Hills Estates (and 2 Los Angeles County areas known as Westfield and Academy Hills).  They are all part of the Palos Verdes Peninsula Unified School District.

This is the first of 5 posts which will describe the unique qualities of each of the cities from weather to real estate to shopping.  The main road that surrounds the Peninsula (in a loose circle) is called Palos Verdes Drive North, South, East and West.  Pretty original, huh?  

First some history - Several years ago, I was certified as a Palos Verdes Specialist and during the classes I learned that the Peninsula was pushed up out of the sea (much like an island) and the ocean waves eroded the land forming terraces.  I am told that from the air, one can still see some of those terraces.

In 1913, the entire Peninsula was purchased for development for $1,500,000 by a group headed by Frank Vanderlip, Sr.  After the stock market crash in 1929, portions of the property were sold off.  1,000 acres were set aside and offered for free for a California University but Westwood was chosen instead (UCLA).   Can you imagine how different Palos Verdes Peninsula would be if the university was built here?

 

Prices for PALOS VERDES PENINSULA

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