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Norma Toering's Oceanfront, Luxury Coastal Homes in Rancho Palos Verdes, Market Report for 2011

Oceanfront is a high end luxury subdivision in Rancho Palos Verdes consisting of 79 single-family homes. The site is located at the intersection of PV Drive West and Hawthorne Blvd. Construction on the coastal home sites began in 1998. The 132-acre site enjoys phenomenal ocean views. Over 70-acres were dedicated to the City of Rancho Palos Verdes as open space including at least 30 acres of coastal sage scrub habitat. Pedestrian walkways, bicycle trails and public parking are available.

Multi-million dollar homes line Via Del Cielo, Paseo De La Luz and other streets in the development. Most of the homes are two levels and many have a pool, view and other luxury amenities one expects at this price point.

There are currently four homes for sale in Oceanfront. The least expensive home is listed for $2,995,000. The most expensive is listed for $5,750,000.  Four homes are currently under contract and seven Oceanfront homes sold in 2011.  The highest price paid for an Oceanfront home in 2011 was $7,425,000.

The developer, Capital Pacific Holdings, Inc., sold a section of the development to another developer and Calle Viento and Pacifica Del Mar contribute a lovely addition of smaller homes (mostly single level) with a price range a bit lower than the rest of Oceanfront

If you are in the market for a luxury high end coastal home in Rancho Palos Verdes Oceanfront is an excellent place to begin your search. The location offers shopping and restaurants in the nearby Golden Cove Shopping Center. Trader Joes recently opened a new store in the center and the patio at Starbuck's offers panoramic views.

Homeowners at Oceanfront can watch whales and dolphin frolic offshore. A lighthouse is part of the local landscape and the world-class resort, Terranea, is five minutes away. If you are looking for location, luxury and coastal living Oceanfront is a lovely place to call home.

Sell Smart, Buy Wise and Live Well

Norma Toering - Real Estate BrokerNorma Toering & Team
Broker-Owner - Charlemagne International Properties
310.493.8333 - Email Norma

 

 

 

 

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Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Norma Toering's Oceanfront, Luxury Coastal Homes in Rancho Palos…
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