501 Via Almar, Palos Verdes Estates, CA 90274

$3,999,900 Asking Price

4 beds
4 baths
3,432  sqft
Built in 1926

Own a piece of Palos Verdes History! On the market for the first time in over 50 years, this special property is one of the original Spanish style homes in Lower Malaga Cove. Also known as "Tres Olivos," this house was later the summer residence of Miss Aline Barnsdall, oil heiress who also owned Hollyhock House, designed by Frank Lloyd Wright. Upon entering this home through the original carved wood door you will be immediately captivated by the beautiful archways, high beamed ceilings in the spacious living room and fabulous ocean and coastline views. A formal dining room with alcove, doors to the mature garden and beautiful chandelier opens into the spacious kitchen with breakfast nook. The main floor bedroom and den both open to a spacious, partially enclosed balcony with tremendous views of the ocean. The second level offers a large primary suite with attached enclosed porch, perfect for lounging and enjoying the neighborhood views, as well as a spacious dressing room and bathroom. Whitewater views are enjoyed from the spacious deck off of one of the 2nd floor bedrooms and both have high ceilings and lots of natural light. An oversized 2 car garage with work area is accessed from a long gravel driveway lined with beautiful foliage. There are 2 additional finished rooms on the lower level, perfect for a gym or home office. Additional storage areas would make a delightful wine cellar and there is a 3/4 bath, perfect for rinsing off after the beach. Terraced gardens surround the home with fruit trees and lush landscaping. Two blocks from the beach and the cliffs, this home is situated in lower Malaga Cove with its beautiful trails, views and neighborhood.

Features & Amenities

Interior

General:
Beamed Ceilings,Built-in Features,Balcony,Breakfast Area,Ceiling Fan(s),Separate/Formal Dining Room,High Ceilings,Bedroom on Main Level,Dressing Area,Primary Suite,Workshop
Appliances:
Dishwasher,Gas Cooktop,Disposal,Range Hood,Warming Drawer
Laundry:
Inside
Basement:
Finished
Flooring:
Carpet,Wood
A/C:
false, None
Heating:
true, Central
Fireplace:
Living Room, Fireplace

Exterior

General:
None
Style:
Spanish
Pool:
None
Parking:
Door-Multi,Direct Access,Driveway Level,Driveway,Garage,Workshop in Garage, Parking spaces: 2

Construction

Roofing:
Spanish Tile
General:
2

Location

Road/Access:
Paved
HOA Amenities:
0.0
Originating MLS:
CRMLS
School District:
Palos Verdes Peninsula Unified
County:
Los Angeles

Lot

Zoning:
PVR1*, 7540009001
View:
Bluff,Coastline,Park/Greenbelt,Neighborhood,Ocean,Panoramic, View

Utilities

Utilities:
Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electricity - On Property
Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS

This listing courtesy of:
Vista Sotheby's International Realty, Eva Burkley

About Palos Verdes Peninsula, CA

Housing

Number of Units
9,900
Median Home Value
$1,192,728
Median Rent
$1,987

11.93% of housing units are renter occupied.

5.55% are vacant.

Commute

Car
48.76%
Public Transportation
0.18%
Walk to Work
0.82%
Work from Home
49.60%
Other
0.51%

The median travel time to work is 19 minutes.

People

Population
25,502
Median Age
50.00
Median Household Size
2.86

Education

High School
5.87%
Associate’s Degree
5.94%
Bachelor’s Degree
41.28%
Graduate Degree
33.63%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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