The Most Expensive House In Palos Verdes

$53,000,000 Rolling Hills home, courtesy of Mark Singer Photography

 

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.

Tennis Court courtesy of Mark Singer Photography

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

Palos Verdes Real Estate Rolling Hills Neighborhood Sales 2012

2012 Palos Verdes homes sales for the Rolling Hills neighborhood increased slightly to 19 single family homes sold in 2012 compared to 18 in 2011.  Price per square foot for Rolling Hills houses that sold in 2012 increased to $712  compared to $660 in 2011, a 7.8% increase.  Average sales price for Rolling Hills homes sold in 2012 was $2,651,579 compared to $3,112,778 in 2011.  The most expensive home sold for $7,000,000 and the lowest priced home sold for $1,250,000.

Currently, Rolling Hills has 12 single family homes for sale ranging from $2,000,000 for a 4 bedroom/3 bath, 2,673 square foot home to $10,900,000 for a 4 bedroom/7 bath, 7,413 square foot home.

For background and history on Rolling Hills Multiple Listing Area 166, please click here to read my prior article on this neighborhood.

To view current Palos Verdes real estate statistics for the entire Peninsula, please click here or on the “Statistics” tab above.

Photo courtesy of Rolling Hills

Palos Verdes Home Sales Rolling Hills Neighborhood First Half Of 2012

Palos Verdes homes sales for the Rolling Hills neighborhood for the first half of 2012 decreased to 9 single family homes sold in the first half of 2012 compared to 10 in the first half of 2011.  Average sales price for Rolling Hills homes sold in the first half of 2012 decreased to $2,510,278  from $3,490,000 for the first half of 2011.  Price per square foot for Rolling Hills houses that sold in the first half of 2012 increased to $646 from $620 in first half of 2011.  The most expensive home sold for $7,000,000 and the lowest priced home sold for $1,275,000.

Currently, Rolling Hills has 20 active Palos Verdes homes for sale.  There are 20 single family homes for sale ranging from $968,200 for a 3 bedroom/3bath, 2,965 square foot home, to  $10,990,000 for a 7 bedroom/10 bath, 14,374 square foot home.

For background and history on Rolling Hills Multiple Listing Area 166, please click here to read my prior article on this neighborhood.

To view current  Palos Verdes real estate statistics for the entire Peninsula, please click here or on the Statistics tab above.

Photo courtesy of the City of Rolling Hills

 

Palos Verdes Real Estate Rolling Hills Neighborhood Update

 

2011 Palos Verdes Home sales for the Rolling Hills neighborhood stayed the same with 18 single family homes sold in both 2011 and in 2010.  Price per square foot for Rolling Hills houses that sold in 2011 was $660 compared to $604 in 2010.  Average sales price for Rolling Hills homes sold in 2011 was $3,112,778 compared to $2,036,336 – a substantial increase.

Currently, as of 4/09/2012, Rolling Hills has only 13 active Palos Verdes homes for sale.  They range from $1,395,000 for a 4 bedroom, 3 bath, 2,965 square foot home to $12,950,000 for a 7 bedroom, 10 bath, 14,374 square foot home.

For background and history on Rolling Hills Listing Area #166, please click here to read my prior article on this neighborhood.

To view current Palos Verdes real estate statistics for the entire Peninsula, please click here on on the Statistics tab above.

Photo courtesy of the City of Rolling Hills

New Sheriff’s Website for Palos Verdes

Palos Verdes Crime Stats from LA County Sherrif- Lomita Station

A new website has been created for Palos Verdes homes owners to assist them with many different law enforcement questions – www.lomitasherrif.com.   Most of the Palos Verdes Peninsula is serviced by the Los Angeles County Sheriff – Lomita Station on Narbonne except for the city of Palos Verdes Estates which has its own Police Department.

According to an article written by Mary Scott in the Peninsula News, “Residents in these cities can pay for traffic tickets and check court dates on the new site.  The new site also offers a Most Wanted list and crime mapping.  Residents can search crimes by date or location, residents can type in their address to see if any crimes have occurred near them.  Residents leaving town can go online and request that a patrol check on their homes while they re away.”

I used the crime mapping feature (click here for link to Sheriff’s Dept. Crime Mapping) and noticed that specifics for the past seven days are only shown for Rancho Palos Verdes.  Rolling Hills and Rolling Hills Estates just indicate the number of incidents but not the specifics.  There is also a Megan’s Law section that you can check.  The new Sheriff’s Lomita Station website is a great site for area residents to use.

Crime Map courtesy of Los Angeles County Sheriff – Lomita Station

Rolling Hills – MLS Area #166

Palos Verdes real estate area 166 is actually the entire city of Rolling Hills which is an entirely gated city with private roads and three guarded gates.  The gates are located at Palos Verdes Drive North, Palos Verdes Drive East, and Crest Road.  Rolling Hills extends from Palos Verdes Drive North to the top of the Peninsula and over the crest down the south side of the Peninsula to above the Portuguese Bend area, and then from Westfield/Crenshaw Blvd to Rancho Palos Verdes on the east.  You can only access the city by permit and all guests must be authorized from a resident for entrance.  On the South side of Rolling Hills and above the Portuguese Bend area is a landslide area called the Flying Triangle.

Originally Rolling Hills was developed with the idea of individual dude ranches. On a trip to Virginia, Frank Vanderlip became interested in the architecture of the town of Williamsburg and so he had built 14 homes following their colonial styles and named the street Williamsburg Lane near the front gate.

The lots in Rolling Hills are usually greater than one acre and many include multi acreage properties.  This is an equestrian city with 23 miles of private trail system.  The homes are required to be one level, ranch style homes and painted white.  Split levels are accomplished by under grounding.  The border fences must be white three rail.  Like other areas of the Peninsula, there are no street lights or sidewalks.  Most homes here are on septic systems.

The city is maintained through the Rolling Hills Community Association.  The RHCA provides the community with two riding rings and 3 tennis courts at the main gate location.  The county of Los Angeles maintains a fire station on Crest Road.  Rolling Hills is part of the Peninsula school system but does not actually have any school sites within its gates.  Rancho del Mar continuation high school is located in Rolling Hills but has acces outside the Crest Road gate.

Currently there are 20 homes for sale in this area.  They range from $1,499,000 for a 3 bedroom/4 bath, 3,368 square foot home, to $7,490,000 for a 5 bedroom/7 bath 8,610 square foot home.

Photo courtesy of Rolling Hills

Palos Verdes Cities 2011 Update

Palos Verdes Point Vicente Lighthouse

Earlier this week, I attended a Palos Verdes real estate Board Breakfast Meeting with the City Managers from all 4 cities on the Peninsula – Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates.  Here is a summary of their updates:

Tony Dahlerbrach from Rolling Hills reported on the initiative going on the ballot for the next election in March 2012 regarding passive and storage usage of barns.  The property involved in the Poppy Trail landslide is being remediated by the insurance company and will be sold as two separate lots in December.  Verizon and AT&T have installed new cell sites so there will be better cellular coverage.  There is a new ordinance going before the Planning Commission regarding glare studies for solar panel installations.

Carolyn Petru, the Rancho Palos Verdes Deputy City Manager reported on the Mirandela Project (affordable housing) at Crenshaw and Crestridge with 34 units on a 3-acre build site within 19 acres for the total project.  Many of the residents are former Palos Verdes residents who qualified for the program.  We also heard about the Park Ranger Program on the 1400 acre Nature Preserve manned by the Mountains Recreation & Conservation Authority.  Most of the citations have been for off leash dogs, improper trail use, unauthorized paragliding, off-road motorized vehicles, camping, issues at Sacred Cove, graffiti removal and illegal dumping.  There is a Junior Ranger Program in pilot phase to teach trail skills, recognizing animal tracks, etc.

Joe Hoefgen from Palos Verdes Estates reported that the speed cushions on Via Del Monte will be reviewed next month – most feedback has been positive however bicyclist are not in favor.  There is a current study to monitor the underground water in the Malaga Cove commercial area.  Applications are being accepted from Palos Verdes Estates residents who want to volunteer for committees within city.   They have a new website: www.PVestates.org

Douglas Prichard from Rolling Hills Estates reported that the local economy is showing signs of recovery based on tax revenues.  It will be another 2-3 years before improvements to Palos Verdes North, west of Crenshaw are complete.  He discussed several development projects.  828 Silver Spur (former Arco site) will probably be approved as a small commercial building.  627 Deep Valley Drive (old car wash site) is currently approved for 58 senior units and may become an assisted living site.  655 Deep Valley Drive (Brick Walk) will go to Planning Commission for 150 units.  Rolling Hills Covenant Church expansion was approved for 16,000 square foot office and school expansion on south campus.  Butcher Ranch subdivision at Palos Verdes Drive North and Palos Verdes Drive East is approved for 11 single family homes.  Chandler Preserve status: Planning Commission approved project and now going before City Council for 114 single family residences on 1/2 acre lots, private streets, total redesign of Rolling Hills Golf Course and boundary line adjustment between Torrance and Rolling Hills Estates.

Photo courtesy of Arvin Design

Palos Verdes History & The Different Real Estate Areas Located On The Peninsula

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Did you know that in 1913, the entire Palos Verdes Peninsula was purchased for development for $1,500,000 by a group headed by Frank Vanderlip, Sr.?  That is probably the median price for one our Palos Verdes houses today!  After the stock market crash in 1929, portions of the original purchase were sold off.  Today, the 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). All Palos Verdes homes in these four cities and 2 areas are part of the Palos Verdes Peninsula Unified School District.

Palos Verdes Estates was the first city on the Palos Verdes Peninsula to incorporate in 1939. The city has 4.5 miles of coastline. Twenty-eight per cent of the city land is permanently deeded as parkland and maintained as dedicated open space. In 2009 the US Census count was 13,546 residents for this area.  The unique Mediterranean flair of Monte Malaga and Malaga Cove, and charm of Valmonte and Lunada Bay bring their own history to this area.

Rancho Palos Verdes was the last city on the Palos Verdes Peninsula to incorporate in 1973. It has 7.5 miles of coastline and 12.3 square miles of land.  It is the largest city on the Peninsula.  The US Census count was 40,964 in 2009.

Rolling Hills Estates was incorporated in 1957 and is the third largest city on the Palos Verdes Peninsula both in size (4.18) mi and population – 7,834 according to the 2009 census.  It has a rural atmosphere and some lots are 1/2 acre (or more) and some areas are zoned equestrian. The city has six parks, 25 miles of scenic trails and 36 acres of open space. It is often called the Heart of the Peninsula because of its large shopping and entertainment areas.

Rolling Hills is a privately gated equestrian community located atop the scenic hills of the Palos Verdes Peninsula. It was in incorporated in 1957.  It is the smallest city on the Peninsula and the most private; most lots are over one acre.  The city has 26 miles of private roads and 23 miles of equestrian trails. It’s 2009 U.S. Census count was 1,972.

In the next few weeks I will be going over the seventeen different Multiple Listing Service areas for Palos Verdes real estate and concentrating on their locations and what makes each of them so special. You will be able to access information on current listings in these areas and the different price points.

365 Things To Do In Palos Verdes – Local History Saturday Series

The Malaga Cove Library will be having another installment of their Local History Saturday Series on Saturday, March 26th, 2011, from 2:00 to 3:30 p.m. in their Gallery.  This lecture will be about the history of the city of Rolling Hills and will give you information about the development of this area which has grown throughout the years.  Rolling Hills is known for its enduring respect for native wildlife and natural surroundings.  Speaker, Kristen Raig, will cover everything from the founding of the city of Rolling Hills to its continued value as part of our Palos Verdes Peninsula.

On Saturday, April 9th, there will be another installment in the series on the city of Rolling Hills Estates.

There are no fees for these lectures, and no reservation is required.  For more information call (310) 377-9584 x 551.  The Malaga Cove Libraryis located at 2400 Via Campesina, Palos Verdes Estates 90274.

Photo courtesy of the City of Rolling Hills

Fires in Palos Verdes

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Palos Verdes experienced 2 different fires within one week and owners of Palos Verdes real estate were lucky that there was no loss of life or homes. The most recent fire on Thursday (above) was caused by a single car accident on Crenshaw resulting in a fire which quickly spread uphill toward Chadwick School and homes in Academy Hill. There were 2 large scooper planes that filled themselves with ocean water and came back over the fire and dumped their water. They flew overhead on their way back to the ocean and they were so big that the ground vibrated from their passing. Click here for a link to full story in Peninsula News.

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The fire last week (above) that begin in the Portuguese Bend area of Rancho Palos Verdes and spread into Rolling Hills was a much bigger fire that burned 230 acres through the night on Thursday, August 27th. Again we were very lucky as there was almost no wind. 4 helicopters and 1 helitanker scooped ocean water to extinguish the fire and 500 area firefighters also helped to extinguish the fire. Two homes on Cinchring and Quail Ridge in Rolling Hills were damaged. The Peninsula News had the full story including the reminder “Where homes were saved, they had (completed) proper (city- and county-mandated) brush clearance and they had fire-resistant vegetation…”

Photos courtesy of Tom Underhill, Peninsula News, and Blake Shoemaker