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Sold for $11,500,000
  • Listed by: Vista Sotheby's International Realty • Chris Adlam • Contact: 310-493-7216
    Bought with: Keller Williams Palos Verdes
    Tax assessed value
    $11,500,000

    968 Paseo La Cresta, Palos Verdes Estates, CA 90274

    5beds
    6,831sqft
    Single Family Residence
    Built in 2016
    0.69 Acres Lot
    $11,529,400 Zestimate®
    $1,684/sqft
    $43,909 Estimated rent

    Home value

    $11,529,400

    $10.38M - $12.68M

    $43,909/mo

    Zestimate® history
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    What's special

    The embodiment of style and elegance... this one of a kind, KAA designed home is majestically perched in one of the most exclusive neighborhoods in Palos Verdes Estates, with the most coveted view in the entire South Bay. From the dramatic motor court with its "living wall", a teak walkway hovers over the koi pond and escorts you to the oversized glass pivot door. Frameless floor to ceiling windows accentuate the views from the entire North side of the home. A 12 foot high glass wine cellar is adjacent to the gourmet kitchen with 18 foot center island. A central courtyard plays host to the dramatic pool & spa, while enjoying the panoramic views of the ocean, coastline and city lights. Basalt and hardwood floors, mahogany ceilings and a slate roof are just a few of the exquisite details. No expense was spared. Like a timeless piece of art, sure to stand the test of time, this home is spectacular in every sense.

    Zillow last checked:

    Listing updated:

    Listed by:

    Chris Adlam DRE #00967574 310-493-7216,

    Vista Sotheby's International Realty

    Bought with:

    Janet Chen, DRE #02061843

    Keller Williams Palos Verdes

    Source: CRMLS,MLS#: PV24023600MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 8
    • Full bathrooms: 2
    • 3/4 bathrooms: 4
    • 1/2 bathrooms: 2
    • Main level bathrooms: 7
    • Main level bedrooms: 5
    Rooms
    • Room types: Den, Entry/Foyer, Family Room, Kitchen, Laundry, Library, Living Room, Primary Bedroom, Other, Wine Cellar
    Primary bedroom
    • Features: Main Level Primary
    Other
    • Features: Walk-In Closet(s)
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Laundry Room
    Features
    • Main Level Primary, Wine Cellar, Walk-In Closet(s)
    • Flooring: See Remarks, Wood
    • Has fireplace: Yes
    • Fireplace features: Library, Living Room, Primary Bedroom
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 6,831 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Attached
    • Attached garage spaces: 3
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Patio & porch: Patio
    • Exterior features: Fire Pit
    • Has private pool: Yes
    • Pool features: Heated, In Ground, Private, Salt Water
    • Has spa: Yes
    • Spa features: Heated, Private
    • Has view: Yes
    • View description: City Lights, Coastline, Ocean, Panoramic
    • Has water view: Yes
    • Water view: Coastline,Ocean
    Lot
    • Size: 0.69 Acres
    • Features: Bluff, Cul-De-Sac
    Details
    • Parcel number: 7541020008
    • Zoning: PVR1*
    • Special conditions: Standard
    • Horse amenities: Riding Trail

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 2016

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Golf, Hiking, Horse Trails, Stable(s), Suburban
    Location
    • Region: Palos Verdes Estates

    Financial & listing details

    • Price per square foot: $1,684/sqft
    • Tax assessed value: $11,500,000
    • Annual tax amount: $129,518
    • Date on market: 2/1/2024
    • Cumulative days on market: 162 days
    • Listing terms: Cash to New Loan

    Price history

    DateEventPrice
    8/30/2024Sold$11,500,000-4.2%$1,684/sqft
    Source: CRMLS #PV24023600 Report a problem
    8/27/2024Pending sale$11,999,000$1,757/sqft
    Source: CRMLS #PV24023600 Report a problem
    7/19/2024Contingent$11,999,000$1,757/sqft
    Source: CRMLS #PV24023600 Report a problem
    5/25/2024Price change$11,999,000-14.3%$1,757/sqft
    Source: CRMLS #PV24023600 Report a problem
    4/22/2024Listed for sale$13,998,000+180%$2,049/sqft
    Source: CRMLS #PV24023600 Report a problem
    6/21/2013Sold$5,000,000+42.9%$732/sqft
    Source: CLAW #13661413 Report a problem
    5/29/1997Sold$3,500,000$512/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$129,518 +52.8%$11,500,000 +53.1%
    2024$84,747 +1.5%$7,512,670 +2%
    2023$83,518 +5.3%$7,365,364 +2%
    2022$79,290 +0.1%$7,220,946 +2%
    2021$79,209 +1.4%$7,079,360 +1%
    2020$78,145 $7,006,771 +2%
    2019$78,145 +3.8%$6,869,384 +2%
    2018$75,300 $6,734,691 +26.9%
    2017$75,300 +4.7%$5,305,201 +2%
    2016$71,911 +24.3%$5,201,178 +1.5%
    2015$57,832 +2.6%$5,123,053 +2%
    2014$56,379 $5,022,700 +10.7%
    2012-- $4,538,406 +2%
    2011-- $4,449,418 +0.8%
    2010-- $4,416,166 -0.2%
    2009-- $4,426,658 +2%
    2008-- $4,339,862 +2%
    2007-- $4,254,768 +2%
    2006-- $4,171,342
    2005-- $4,171,342 +4%
    2004-- $4,009,366 +1.9%
    2003-- $3,935,884 +2%
    2002-- $3,858,710 +4%
    2000-- $3,708,874
    Find assessor info on the county website

    Neighborhood: 90274

    Nearby schools

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    Estimated market value
    $11,529,400
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    Estimated market value
    $11,529,400