Palos Verdes Real Estate is sectioned into 17 different Multiple Listing Service areas for Palos Verdes homes. Malaga Cove (Area 163) in Palos Verdes Estates 90274 is located along the North shoreline of Palos Verdes Estates from the Malaga Cove Triangle to Bluff Cove at the Margate border. From there it goes inland up the hill to the area near LaVenta Inn and towards the Palos Verdes Country Club. This is the first area developed in Palos Verdes Estates with its planned commercial plaza (Malaga Cove Plaza) and the famous “Neptune Fountain” replica sculpture. Malaga Cove is also a popular location for movie filming and commercials. It is home to the Palos Verdes Police Department, library, city government offices, the county fire station and also the Palos Verdes Pool and Athletic Club. Malaga Cove is the site of the first school that was built in Palos Verdes in 1926. The old Malaga Cove intermediate school building now houses the Palos Verdes School District offices and the Costume Closet.
There are two churches in this area, the Neighborhood Church on Paseo del Mar and St. Francis Episcopal church on Via Rosa.
The Olmsted brothers were responsible for much of the park-like design in the Malaga Cove area. They worked on the area around the library, and are responsible for laying out the design that enables the open areas to showcase the beauty. Malaga Cove is also home to peacocks which one can see roaming the area.
The Palos Verdes Country Club which is located at the end of Malaga Cove area, is a championship golf course with a Mediterranean style clubhouse. The course was completed in 1925. The clubhouse is also a popular wedding venue. The property also houses a tennis club.
Currently Malaga Cove has 12 active listings for sale. There are 3 condo/townhouses ranging from $625,000 for a 2 bedroom, 3 bath, 1,558 square foot unit, to $1,550,000 for a 3 bedroom, 4 bath, 2,940 square foot townhome. The single family homes range from $1,499,000 for a 3 bedroom, 2 bath, 2,029 square foot home to $10,900,000 for a 5 bedroom, 9 bath, 9,790 square foot home.