See Home Value
$11,026,352*
House - Off Market

1509 Lower Paseo La Cresta

Palos Verdes Estates, CA 90274
bedrooms
6 Beds
bathrooms
9 Baths, 2 Half Baths
square feet
10207 Sqft
$9,810,000 - $11,990,000
Reference Base Price*
1.16%
Since Jul 1, 2022
National-US
Primary Model
Sold Jun 15, 2022
$8,800,000
Sold Apr 17, 2009
$4,300,000
$2,500,000 by Countrywide Bank Fsb
Mortgage Due May 01, 2039

About This Property

GOLDEN OPPORTUNITY to own this Grand Mediterranean Estate, located on one of the most desirable streets in Montemalaga area of Palos Verdes Estates. The huge 31,314 sq. ft. lot boasts Unobstructed Ocean, Catalina Island & Malibu Mountain views, garden landscape with fruit trees, north/south tennis court and indoor/outdoor pool & spa. This 10,207 sq. ft. mansion has been extensively and beautifully remodeled with the most intricate details. A formal entry leads to the grand foyer with ornamental crystal chandeliers & hand painted spiral staircase, and opens to the expansive balcony to showcase the mesmerizing views. The formal living room is adorned with European panel ceilings while the family room has hand painted ceiling mural. Both have a cozy fireplace and open to the view balcony outside. The Tuscany kitchen has chef grade appliances, large center island with breakfast bar and a casual dining area. It opens to the family room on one side and leads to the formal dining room with a butler station on the other side. A designer library is conveniently located in the front while a large functional office converted from a bedroom en-suite with 3/4 bathroom can be turned back to a main floor guest quarter. On the UPPER LEVEL, the master bedroom has a dressing room with 2 walk-in closets and a huge master bathroom with double vanities/showers/privacy toilet chambers. There are 4 more view bedroom en-suites with ample closet space, while ALL bedrooms have a view balcony for private enjoyment. Entertainment/leisure area is of abundance in this residence: besides a home theater, the LOWER LEVEL has an entertainment room for hosting a pool, BBQ or singing party and an adjacent maid's quarter currently used as a recreation/exercise room. An indoor elevator, 2 main floor powder rooms, 2 laundry rooms and a large 4 car garage with storage complete the wonderful residence. This luxury mansion has fine appointments such as hand painted murals, moldings & staircases, decorative fixtures that are meticulously procured and massive marble floors throughout. A must see property if you are in the market for the ultimate luxurious living experience.

The manager has listed the unit size as 10207 square feet.
Unit Size
10,207Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$1,068
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2000

Price History

Date / Event Date Event Price
Jun 18, 2022 No longer available -
No longer available
Jun 16, 2022 In contract -
In contract
Jun 15, 2022 Sold $8,800,000
Sold
May 9, 2022 Listed $10,900,000
Listed
Mar 17, 2022 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 9
  • Full Bathrooms: 9
  • Partial Bathrooms: 9
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 31,343
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 1,950
  • Total Building Area: 10,207
  • Building Area: 10,207
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 10,207
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8043
  • Land Acres: 0.72
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 8043 LOT/SEC 8 BLK/DIV/TWN 7

Ownership

  • Current Owner : MING HOLDING INC
  • Previous Owner : HOM FAMILY REVOCABLE LIVING TRUST
  • Owner Before Previous Owner: SOLTANI EBRAHIM
  • Owner Before Previous Owner 2: SOLTANI AHDEHY
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palos Verdes Peninsula Unified School District
  • Census Tract: 670326

Zoning

  • Zoning: PVR1YY

Geography

  • Assessors Map Reference: 72-C4
  • Subdivision Tract Number: 8043
  • Parcel: 7544-019-007
  • Block: 7
  • Lot: 8
  • Municipality: SOUTH /P V ESTATES SFR
  • Latitude: 33.784
  • Longitude: -118.399

    Address

  • Full Address: 1509 Lower Paseo La Cresta
  • Address - House Number: 1509
  • Address - Street Name: Lower Paseo La Cresta
  • State: CA
  • City Name: Palos Verdes Estates
  • Carrier Code: C028
  • 4-Digit Zip Code: 2066
  • Zip Code: 90274

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $60,538
  • Tax Rate Code Area: 07-112

    Appraisal Valuation

  • Standard Deviation: 0.2337
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 5,946,227
  • High Value: 7,335,911
  • Low Value: 4,556,542

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,976,000
  • Assessed Land Value: $4,080,000
  • Assessed Improvements Value: $4,896,000

    Sales

  • Current Sale Contract Date: Jun 10, 2022
  • Current Sale Recording Date: Jun 15, 2022
  • Current Sale Transaction ID: 11898794239
  • Current Sale Price: $8,800,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 632551
  • Previous Sale Recording Date: Apr 17, 2009
  • Previous Sale Contract Date: Mar 03, 2009
  • Previous Sale Amount: $4,300,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE BANK FSB
  • Previous Mortgage Transaction Date: Apr 17, 2009
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $2,500,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2039



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
8 Beds
12 Baths
11,600 ft²
$1,026/ft²
$11,900,000 Feb 13, 2023
-
-

About Palos Verdes Estates


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Frequently Asked Questions

When was property at 1509 Lower Paseo La Cresta built and last sold?
The property at 1509 Lower Paseo La Cresta was built in 2000 and last sold on Jun 10, 2022 for $8,800,000.
How much is this home worth?
The estimated value of the home located at 1509 Lower Paseo La Cresta is $11,009,000.
What are some comparable homes to 1509 Lower Paseo La Cresta?
There are currently no comparable homes to 1509 Lower Paseo La Cresta.

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