Malaga Cove Neighborhood Update

The Palos Verdes neighborhood of Malaga Cove  has spectacular”Queen’s Necklace Views”.  You can see white water, the beaches of Redondo, Hermosa and Manhattan Beach, the coastline all the way around to Malibu, city lights at night and the ocean during the day.  It is one of my favorite views (above).

The Malaga Cove area is .66 square miles and has approximately 1500 residents. Lower Malaga Cove (west of Palos Verdes Drive West) is within walking distance from the bluffs and trails down to the water and is home to the former MalagaCove School which is currently being renovated to house the school district’s offices, Palos Verdes Beach & Athletic Club (310-375-8777), The Neighborhood Church and St. Francis Episcopal Church.  Malaga Cove also has a commercial center (photo below) with banks, real estate offices, restuarants, a market, post office and other stores and offices.  Palos Verdes Estates City Offices and the Library are also located in Malage Cove.  Upper Malaga Cove (above Palos Verdes Drive West has many homes with even grander views and is the location of LaVenta Inn (events only), Palos Verdes Golf Club and Palos Verdes Tennis Club.

 Currently, there are 11 single family homes for sale in the Malaga Cove area of Palos Verdes Estates ranging in price from $1,275,000 (3 br, 2 ba, 1878 sq ft) to $3,950,000 (3 br, 3 ba, 2228 sq ft).  There are 4 homes in escrow.  15 homes have sold in Malaga Cove since the first of the year ranging in price from $1,200,000 (4 br, 3 ba, 1946 sq ft) to $4,700,000 (6 br, 7 ba, 9884 sq ft).  Malaga Cove also has townhomes/condos and apartments.  Currently there is one 2 bedroom, 3 bath condo for sale in Malaga Cove for $661,000.

Malaga Cove homes are custom built and most have red-tile roofs.  Originally, all homes in this area that could be seen from the water had to have red tile roofs as the original developers wanted it to look like the French/Italian Riviera.

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