The City of Palos Verdes Estates, incorporated December 20, 1939, is the oldest of the four cities on the Palos Verdes Peninsula.
New York financier Frank A. Vanderlip, Sr. purchased the land from the Bixby family in 1913 with the idea of building a planned, residential community. The new community was laid out and landscaped by the famous Olmsted Brothers, sons of Frederick Law Olmsted, Sr., who designed Central Park in New York City. Gently winding roadways, green hillsides, paths, stands of eucalyptus, pepper, and coral trees were established, and a full 28% of the land area was dedicated to be permanent open space. This early planning and dedication of parklands gives the City its unique rural character and has resulted in its international reputation for scenic beauty. This excerpt taken from Palos Verdes Estates website.
The City of Palos Verdes Estates contains four primary areas:
1) Lunada Bay
2) Monte Malaga
3) Malaga Cove
4) Valmonte
For individual reports on each neighborhood visit my Palos Verdes Lifestyle Blog.
166 Single Family Homes sold in Palos Verdes Estates during 2011. Price breakdown as follows:
Under $1,000,000: 35 PVE homes sold in 2011
$1,000,000 to $2,000,000: 95 PVE homes sales
$2,000,000 to $5,000,000: 23 PVE home sales fell into this category
Over $5,000,000: 1 Palos Verdes Estates home sold in price range during 2011
There are currently 47 Palos Verdes Estates homes for sale and 26 pending sales.
For your personal tour of homes and estates in Palos Verdes Estates contact Norma Toering & Team.
Sell Smart, Buy Wise and Live Well
Norma 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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Interesting history for your area. It is especially interesting that back then travel from one coast to the other was not easy.
Ellen - I loved discovering the Central Park link to Palos Verdes Estates. The Olmsted touch is evident in both locations.
Hi Norma: That is great information about the past and the present real estate market in Palos Verdes Estates! Have a great week!
Jane - A little bit about the past and a peek at the present makes a nice combo when it comes to showcasing a city or neighborhood.