Palos Verdes Real Estate is sectioned into 17 different Multiple Listing Service areas for Palos Verdes homes. Montemalaga (Area 162) is located above Lunada Bay and north of Rancho Palos Verdes, to the Malaga Cove area near La Venta Inn. Some of the largest homes on the Palos Verdes Peninsula are located in this area. The lots in Montemalaga are also some of the largest in Palos Verdes Estates. Montemalaga has the highest elevation in Palos Verdes Estates and contains an area referred to by locals as New York Hill. This development of custom built homes are larger in size (up to 39,000 square feet). At one time the Seaver family owned the acreage that surrounds the area which now houses the Zurita baseball field (but later sold if off) . Coronel Plaza was originally planned as a small commercial district, but those plans changed and now it is exclusively residential. Montemalaga Elementary School is also located in this area.
Currently Montemalaga has 22 active Palos Verdes homes for sale. They range from $995,000 for a 3 bedroom, 2 bath, 1,677 square foot home to $11,500,000 for a 5 bedroom, 8 bath, 8000 square foot home.
The photo above is of the recently remodeled Montemalaga School library.
