Spectacular Ocean & Catalina Views – A Rare Luxury Estate! Experience breathtaking views from this expansive estate, boasting over 7,700 sq. ft. of living space on an impressive 65,479 sq. ft. lot. Designed for both grand entertaining and intimate gatherings, this home features multiple living and dining areas, two family rooms, and a gourmet center-island kitchen. The luxurious master suite is a private retreat, complete with a spa-like bath and sauna.
Step outside into a resort-style backyard, where lush landscaping surrounds multiple seating areas, a sparkling pool and spa, a tennis court, and unobstructed ocean views extending to Catalina. A private gated entry and expansive driveway provide security and convenience, making this home perfect for hosting guests.
Sold for $5,100,000
Street View
Listed by: Estate Properties • Gayle Probst • Contact: 310-703-1816
Bought with: Cove & Key Real Estate
$5,100,000
940 Paseo La Cresta, Palos Verdes Estates, CA 90274
5beds
7,734sqft
Single Family Residence
Built in 1981
1.5 Acres Lot
$5,079,200 Zestimate®
$659/sqft
$28,318 Estimated rent
Home value
$5,079,200
$4.62M - $5.59M
$28,318/mo
Zestimate® history
Owner options
List your home for rent
$28,318/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$28,318/mo
Rent Zestimate®
Refinance and save
$32,337/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$32,337/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Unobstructed ocean viewsSparkling pool and spaTennis courtResort-style backyardSpa-like bathGourmet center-island kitchenTwo family rooms
Zillow last checked:
Listing updated:
Listed by:
Gayle Probst DRE #01137236 310-977-9711,
Estate Properties
Bought with:
Matthew Cox, DRE #02076282
Cove & Key Real Estate
Source: CRMLS,MLS#: PV25046515
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 6
- Main level bathrooms: 5
- Main level bedrooms: 4
Rooms
- Room types: Bedroom, Entry/Foyer, Family Room, Game Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Office, Other, Sauna, Utility Room, Wine Cellar, Dining Room
Primary bedroom
- Features: Primary Suite
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Dual Sinks, Enclosed Toilet, Full Bath on Main Level, Jetted Tub, Separate Shower, Tile Counters
Other
- Features: Dressing Area
Kitchen
- Features: Kitchen Island, Kitchen/Family Room Combo, Pots & Pan Drawers, Tile Counters, Utility Sink
Heating
- Central, Forced Air
Cooling
- Central Air
Appliances
- Included: 6 Burner Stove, Built-In Range, Barbecue, Double Oven, Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, Indoor Grill, Microwave, Refrigerator, Vented Exhaust Fan
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room, Upper Level
Features
- Beamed Ceilings, Wet Bar, Breakfast Bar, Built-in Features, Balcony, Breakfast Area, Ceiling Fan(s), Separate/Formal Dining Room, Elevator, Multiple Staircases, Recessed Lighting, See Remarks, Storage, Sunken Living Room, Tile Counters, Bar, Bedroom on Main Level, Dressing Area, Main Level Primary, Primary Suite, Utility Room
- Flooring: Carpet, Tile
- Windows: Double Pane Windows, Stained Glass, Skylight(s)
- Has fireplace: Yes
- Fireplace features: Dining Room, Family Room, Living Room, Primary Bedroom, Recreation Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 7,734 sqft
Property
Parking
- Total spaces: 9
- Parking features: Door-Multi, Direct Access, Driveway, Electric Gate, Garage, Gated, Oversized, Paved, One Space, Garage Faces Side, Storage
- Attached garage spaces: 3
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Patio & porch: Concrete, Covered, Open, Patio, Stone
- Exterior features: Rain Gutters
- Has private pool: Yes
- Pool features: Diving Board, In Ground, Private, Salt Water
- Has spa: Yes
- Spa features: In Ground
- Fencing: Security,Stucco Wall,Wrought Iron
- Has view: Yes
- View description: Catalina, Ocean, Panoramic, Water
- Has water view: Yes
- Water view: Ocean,Water
Lot
- Size: 1.5 Acres
- Features: Back Yard, Front Yard, Gentle Sloping, Lot Over 40000 Sqft, Secluded, Sprinkler System
Details
- Parcel number: 7541020015
- Zoning: PVR1*
- Special conditions: Trust
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Tile
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Underground Utilities
Community & HOA
Community
- Features: Gutter(s), Storm Drain(s)
- Security: Security System, Security Gate, Security Lights
Location
- Region: Palos Verdes Estates
Financial & listing details
- Price per square foot: $659/sqft
- Tax assessed value: $3,075,052
- Annual tax amount: $37,823
- Date on market: 3/3/2025
- Cumulative days on market: 403 days
- Listing terms: Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Sold | $5,100,000-14.3%$659/sqft |
Source:  CRMLS #PV25046515 Report a problem | ||
| 4/11/2026 | Contingent | $5,950,000$769/sqft |
Source: CRMLS #PV25046515 Report a problem | ||
| 1/17/2026 | Price change | $5,950,000-12.5%$769/sqft |
Source: CRMLS #PV25046515 Report a problem | ||
| 4/24/2025 | Price change | $6,799,000-5.6%$879/sqft |
Source: CRMLS #PV25046515 Report a problem | ||
| 3/3/2025 | Listed for sale | $7,200,000$931/sqft |
Source: CRMLS #PV25046515 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $37,823 +4.5% | $3,075,052 +2% |
| 2024 | $36,188 +1.6% | $3,014,758 +2% |
| 2023 | $35,627 +5% | $2,955,646 +2% |
| 2022 | $33,917 +0.1% | $2,897,693 +2% |
| 2021 | $33,875 +1.3% | $2,840,877 +1% |
| 2020 | $33,435 | $2,811,749 +2% |
| 2019 | $33,435 +4.4% | $2,756,618 +2% |
| 2018 | $32,028 | $2,702,568 +2% |
| 2017 | $32,028 +8.5% | $2,649,577 +2% |
| 2016 | $29,525 -2.8% | $2,597,626 +1.5% |
| 2015 | $30,361 +2.5% | $2,558,608 +2% |
| 2014 | $29,609 | $2,508,489 +2.5% |
| 2012 | -- | $2,448,190 +2% |
| 2011 | -- | $2,400,187 +0.8% |
| 2010 | -- | $2,382,250 -0.2% |
| 2009 | -- | $2,387,911 +2% |
| 2008 | -- | $2,341,091 +2% |
| 2007 | -- | $2,295,188 +2% |
| 2006 | -- | $2,250,185 |
| 2005 | -- | $2,250,185 +4% |
| 2004 | -- | $2,162,810 +1.9% |
| 2003 | -- | $2,123,171 +2% |
| 2002 | -- | $2,081,541 +4% |
| 2000 | -- | $2,000,715 |
Find assessor info on the county website
Neighborhood: 90274
Nearby homes
- $12,914,4005 bd8 ba7.8k sqft944 Paseo La Cresta, Palos Verdes Estates, CA 90274Off Market
- $5,484,6005 bd6 ba5k sqft936 Paseo La Cresta, Palos Verdes Estates, CA 90274Off Market
- $4,113,2005 bd5 ba4.2k sqft949 Paseo La Cresta, Palos Verdes Estates, CA 90274Off Market
- $8,490,7006 bd8 ba9.2k sqft948 Paseo La Cresta, Palos Verdes Estates, CA 90274Off Market
- $4,619,9005 bd5 ba4.6k sqft939 Paseo La Cresta, Palos Verdes Estates, CA 90274Off Market
- $10,921,8005 bd6 ba5.9k sqft952 Paseo La Cresta, Palos Verdes Estates, CA 90274Off Market
- $9,800,0005 bd8 ba9k sqft959 Paseo La Cresta, Palos Verdes Estates, CA 90274Sold
- $8,033,7005 bd8 ba7.1k sqft932 Paseo La Cresta, Palos Verdes Estates, CA 90274Off Market
Nearby schools
GreatSchools rating
- 9/10Montemalaga Elementary SchoolGrades: K-5Distance: 0.7 mi
- 8/10Palos Verdes Intermediate SchoolGrades: 6-8Distance: 0.7 mi
- 10/10Palos Verdes High SchoolGrades: 9-12Distance: 0.9 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$5,079,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$5,079,200
- California
- Los Angeles County
- Palos Verdes Estates
- 90274
- 940 Paseo La Cresta
Nearby cities
Nearby zip codes
Other Palos Verdes Estates Topics
- Apartments for Rent in 90274
- Houses for Sale in 90274
- Houses for Rent in 90274
- 90274 Real Estate
- Palos Verdes Estates Condos
- Houses for Sale in Palos Verdes Estates
- Newest Listings in Palos Verdes Estates
- Palos Verdes Estates Home Values
- Palos Verdes Estates Real Estate Agents
- Palos Verdes Estates Refinance
- Palos Verdes Estates Mortgage Rates
