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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 - REMAX Palos VerdesNorma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333

PalosVerdesLifestyle- Norma's award winning site as the best Palos Verdes homes and real estate blog since 2007. Selected by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review.  Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. 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.

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Oceanfront Luxury Homes in Rancho Palos Verdes, CA

Oceanfront is a luxury development in Rancho Palos Verdes and many of the homes have panoramic ocean views.  Today, the broker open house tour included four Oceanfront homes, and I previewed all four.  The homes currently for sale range in price from a low of $3,195,000 up to $$7,900,000.  I began at the low-end and worked my way through the neighborhood and ended my tour with the grand finale--the $7,900,000 property. 

 

 

So what does $3,195,000 buy in this Southern California coastal development?  The answer awaits:  Over 5000 sq, ft., an oean view, pool and a huge lot (over 25,000 sq. ft) within steps of the the ocean bluffs.  Built in 2001 the home wears the past decade well.  The one-level home is a rare find in a community of two-level residences.

 

 

I know you're wondering what your purchasing dollars buy for $7,900,000.  This former model showcases over $2,000,000 in upgrades alone in over 8,000 sq. ft. with pool, a stunning view and a 32,000 sq. ft. lot.  Built in 2002 the property oozes luxury in every inch of its palatial space.

 

 

My favorite Oceanfront home on the tour today is listed for a mere $5,675,000 and it includes an indoor pool in nearly 8,000 sq. ft.  The lines and design are sleek with a timeless classic feel.  There are ample patios and balconies to soak up the coastal views and ocean air.

 

Interested in knowing more about the Oceanfront luxury homes?  Give me a call and I'll arrange a private tour of the entire Oceanfront collection.

 

Also, here is one of my previous articles on Oceanfront in Rancho Palos Verdes.

 

Norma Toering - REMAX Palos VerdesNorma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.


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Sell Smart, Buy Wise and Live Well

Norma Toering - REMAX Palos VerdesNorma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333

PalosVerdesLifestyle- Norma's award winning site as the best Palos Verdes homes and real estate blog since 2007. Selected by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review.  Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. 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.

Subscribe to Norma Toering's ActiveRain blog       Norma Toering and Team on Facebook


Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Search for Homes in Palos Verdes California on Toering and Team. Google Norma Toering What is your home worth today - Norma Toering

Palos Verdes Homes Blog - Palos Verdes Houses
Palos Verdes Horse Property - Palos Verdes Realtor Agent
Palos Verdes Coastal Homes - Los Angeles Home Search
Photos of Palos Verdes - Palos Verdes Videos
Palos Verdes Luxury Homes - Beach Cities Homes

Palos Verdes Map with Real Estate Areas

Norma Toering & Team - Palos Verdes Homes