$12.5 Million Home Sale Sets 2023 Record (So Far) For Palos Verdes Peninsula

.5 Million Home Sale Sets 2023 Record (So Far) For Palos Verdes Peninsula

It’s a bit early in 2023 to speak about file actual property costs, but right here we’re. A ten-acre property in Southern California’s prestigious Rolling Hills Estates just lately offered for $12.5 million, the very best house worth on the Palos Verdes Peninsula up to now in 2023.

The house on Georgeff Highway was snapped up in someday. “The primary one that noticed it purchased it — full worth,” says promoting agent Suzanne Dyer of Strand Hill Properties.

The ranch-style house behind gates in Rolling Hills Estates is a sprawling hilltop property in the course of horse nation. Residents have entry to greater than 20 miles of horseback driving and climbing trails proper outdoors their doorways. The home is about atop lush canyons with expansive views of the coast and twinkling metropolis lights alongside the peninsula, and panoramas of the San Gabriel Mountains to the north.

It was inbuilt 1980 and hasn’t been available on the market for 43 years. The home has 5 bedrooms and 7 full or partial loos plus a pool, tennis courts, gazebo with rolling lawns, and parking for 3 vehicles.

The location’s location makes it a standout. “It’s actually uncommon to seek out 10 flat acres,” Dyer says. “It has spectacular views, and it’s very personal. It’s only a actually, actually particular property.”

Rolling Hills Estates is understood for its pure magnificence and tranquil setting about 25 miles from downtown Los Angeles. The 87-acre public South Coast Botanic Backyard and the Peter Weber Equestrian Heart, which gives horse classes and camps, are close by. The gated group options 24-hour guards at three entrances to town. Further facilities embody group tennis and pickleball courts.

The house belonged to the late Frank Robinson, aeronautical engineer and founding father of Robinson Helicopter Firm in Torrance. He designed and manufactured the favored two-seater R44 helicopter, which first flew in 1990, and remained a high vendor for many years earlier than it was eclipsed by newer fashions. Robinson was recognized for bringing light-weight, versatile helicopters to the market.

Robinson obtained a number of business awards for his work, together with being inducted into the San Diego Air & House Corridor of Fame in 2009. He retired from the now 50-year-old firm in 2010 and died in November on the age of 92.

One-time proprietor of the L.A. Rams soccer workforce, Georgia Frontiere, beforehand owned the property.

So far as the record-setting sale goes, it could not stand for lengthy. The best-priced sale on the Palos Verdes Peninsula in 2022 was $17,150,000 for a Palos Verdes Estates house.

MORE FROM FORBES GLOBAL PROPERTIES

MORE FROM FORBESNew Development Gross sales At Colorado Ski Resorts Are Defying A Cooling MarketMORE FROM FORBESA Glass-Wealthy Palm Springs House Serves Up Cocktail Events With Midcentury CredMORE FROM FORBES$8.9 Million Villa In California’s Palos Verdes Estates Exhibits Off Jaw-Dropping ViewsMORE FROM FORBESZedd Spins Up $18.4 Million Sale Of Beverly Hills MansionMORE FROM FORBESModel New Capitol Hill Townhouse Riffs On Its Older Neighbors

Strand Hill Properties is an unique member of Forbes International Properties, a client market and membership community of elite brokerages promoting the world’s most luxurious properties.

Back To Top