Palos Verdes Real Estate is sectioned into 17 different Multiple Listing Service areas for Palos Verdes houses. As promised in a prior article (click here to read), I will give you information on each one beginning with Lunada Bay/Margate.
Palos Verdes homes in Area 160, Lunada Bay/Margate are located in the city of Palos Verdes Estates. The ocean creates the border to the west, Bluff Cove area is the northern border and the city of Rancho Palos Verdes creates both the southern and eastern border. There are three schools located in Lunada Bay/Margate – Lunada Bay Elementary, Palos Verdes Intermediate and Palos Verdes High School. This area also boasts a small commercial center that runs along a two block corridor in and around Lunada Bay Plaza (built in 1966). This area was one of the original planned developments and although it is not as grandiose as was once dreamed of, it is very true to style but on a much smaller scale. The Plaza today has a 5,000 square foot interior courtyard with an ornate fountain. You will find restaurants and shops in the courtyard, while offices occupy the second story. Other neighborhood businesses surrounding this area are additional restaurants, a small grocery store, hardware store and miscellaneous shops. The fountain in the middle of the Palos Verdes Drive West (which lies outside the plaza itself) was installed in 1963 and is called the Fuente de los Ninos or the Children’s Fountain.
Currently, Lunada Bay/Margate has 34 active Palos Verdes homes for sale. Four are condo/townhomes which range in price from $489,000 for a 2 bedroom, 3 bath, 1,250 square foot townhome to $510,000 for a 2 bedroom 2 bath, 1.315 square foot townhome. The 30 single family Palos Verdes homes range in price from $998,000 for a 3 bedroom, 2 bath, 1,349 square foot home to $5,995,000 for a 5 bedroom, 7 bath, 7,528 square foot home.
Photo courtesy of the city of Palos Verdes Estates