I am excited to share my new lease listing with you – Palos Verdes real estate at it’s finest. This is an amazing opportunity to live in a property which will be leased for the first time. It located in the desirable Silver Spur area of Rolling Hills Estates. This home is in turn-key condition, and has been beautifully updated with hardwood floors, crown molding and double pane windows throughout. You enter into a living room that looks out through french doors onto a slate patio with covered pergola. There is a remodeled kitchen with granite counter and a breakfast bar. The family room off the kitchen opens to a brick patio.
This beautiful 2,081 square foot home has a large master suite with an entire wall of built-in closets/cabinets. There are 3 additional bedrooms, 2 of which are over-sized. You will also will find 3 remodeled bathrooms with granite or stone counters. There is even some Harbor View from the driveway!
The house is located near award winning Palos Verdes Schools. Its central location is within walking distance to Silver Spur Elementary School, Palos Verdes Peninsula High School and Peninsula Shopping Center. 5171 Willow Wood Road, Rolling Hills Estates, is available for lease for $3,950 per month.
2011 Palos Verdes homes sales for the Silver Spur neighborhood increased to 42 single family homes sold compared to 33 in 2010 – a 27% increase. Price per square foot for Silver Spur homes that sold in 2011 was $433 compared to $493 in 2010. Average sales price for Silver Spur homes sold in 2011 was $837,146 compared to $956,856.
Currently, there are 9 single family Palos Verdes homes for sale in this area. They range from $774,900 for a 3 bedroom/2bath, 1,442 square foot residence, to $2,900,000 for a 4 bedroom/4 bath, 4,166 square foot residence.
For background and history on Silver Spur Multiple Listing Area #176, please click here to read my prior article on this neighborhood.
To view current Palos Verdes statistics for the entire Peninsula, please click here or on the Statistics tab above.
Photo of Grandview Park courtesy of the City of Rancho
Palos Verdes real estate area 176 is known as Silver Spur, and is located in the city of Rancho Palos Verdes and Rolling Hills Estates. Multiple listing service area 176 is bordered by Hawthorne Boulevard on the southeast, and includes the neighborhoods of Grandview, Rollingwood and Kingspine.
This area has large tracks of single family homes which can be accessed from both sides of Silver Spur Road between Hawthorne Boulevard and Palos Verdes Drive North. Many of these homes have incredible views of downtown Los Angeles and the local mountain ranges. A few even have Queen’s Necklace Ocean/coastline views.
Grandview Park is located on the northwest corner of the Silver Spur area and has 17 acres of land, is considered a “passive park” (no services) and is located at 6000 Ironwood Street, Rancho Palos Verdes. Silver Spur Elementary School, Cornerstone Elementary School and Palos Verdes Peninsula High School are also located here.
Currently, there are 10 single family Palos Verdes homes for sale in this area. They range from $729,000 for a 4 bedroom/2bath, 1,596 square foot residence, to $1,149,900 for a 4 bedroom/3 bath, 3,297 square foot residence.
Photo of Grandview Park courtesy of the City of Rancho Palos Verdes
Sales by neighborhood for Palos Verdes real estate detail an average price range of over $1,000,000 for 13 out of 17 areas; only 4 areas were below $1,000,000. Single family Palos Verdes homes showed an increase in average sales price in 9 areas ranging from .8% in Lunada Bay to 46.4% in West Palos Verdes. Rolling Hills posted the largest decrease in average sales price of 21.6%.
Lunada Bay had the largest number of Palos Verdes homes sold (61) and West Palos Verdes had the smallest number of homes sold (12). West Palos Verdes also had the highest average sales price at $2,436,667 for Palos Verdes homes sold. The higest average square foot price for Palos Verdes homes sold was in Los Verdes at $685 per square foot and the lowest was in Eastview RPV at $392 per square foot.
The average price for single family Palos Verdes homes sold in 2010 was $1,441,118 which was 3.6% higher than 2009. The average price per square foot for Palos Verdes homes sold was $496 per square foot which was 2% lower than 2009. A better view of the above chart can be seen by clicking here or on the “Statistics ” tab above.