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
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$32,337/mo
Est. payment
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Est. payment
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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
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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
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Estimated market value
$5,079,200
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Estimated market value
$5,079,200
- California
- Los Angeles County
- Palos Verdes Estates
- 90274
- 940 Paseo La Cresta
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