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Rancho Palos Verdes, CA

The Value of a Palos Verdes View

Norma Toering  Palos Verdes Homes in Los Angeles Area: Real Estate Agent in Rancho Palos Verdes, CA

Beauty is in the eye of the beholder, as is the value of a view. This is one of the great puzzles of selling view homes on the Palos Verdes Peninsula. We have a plethora of views. There are varying degrees of views, there are up close and personal views and there are some homes with pastoral views (some buyers consider this a non-view when compared with a panoramic view). What’s an agent to do when asked to place a value on a view?

The Views of Palos Verdes:

The Queen’s Necklace view is one of the most sought after on the entire Palos Verdes Peninsula. Many residents of Palos Verdes Estates are fortunate to enjoy this amazing sight from the comfort and convenience of their home. It is a combination of Pacific Ocean meeting the encircling lights of the Beach Cities and beyond all the way to Malibu. Toss in snow capped mountain in the background on a clear day and few would disagree this is a million dollar view.

The Blue Pacific and Catalina Island is another very popular view in Palos Verdes. A drive along Palos Verdes South will soon reveal why Lowe’s chose to build one of the most spectacular resorts in Southern California overlooking this view. Terranea will open this summer and the views are incredible and inspiring. Donald Trump’s golf course is located nearby and enjoys the same view.

City lights is an undeniably romantic view. The lights of the Los Angeles Basin and Los Angeles Harbor sparkle throughout the night and twinkle like millions of strands of holiday lights. Palos Verdes is affectionately referred to as “The Hill” by locals and nowhere is this more evident than when you are looking down at the glittering lights of the night.

Other views include coastline, whitewater, bluffs, hills. parks and so much more. Some are from atop “The Hill” and others are so close you can almost dip your toes in the water or hear the surf. There is no doubt views add value to Palos Verdes Property. It also adds beauty, serenity and joy. Those intangibles may be one of the greatest gifts of owning view property on the Palos Verdes Peninsula.

History of San Pedro's White Point Resort

Palos Verdes Real Estate Blog - Maureen Megowan: Real Estate Agent in Palos Verdes Estates, CA

Between the turn of the 20th century and WWII, the White Point area of San Pedro was home to a thriving Japanese community of abalone fisherman and farmers. In 1899, 12 Japanese fisherman leased beach front property at White Point from Ramon Sepulveda, a descendant ofJose Dolores Sepulveda, the original Spanish land grant owner of San Pedro, with the intention of establishing an abalone and lobster fishery at that location. By 1903, they had earned enough money to construct a cannery at the fishery. This profitable industry ended in 1908 when it was alleged that these settlers were using fishing as a front for spying on coastline activities. Laws restricting how much shellfish could be taken were also enacted when the lobster and abalone population was quickly depleted.

White's Point Hot Springs, San Pedro, California. by Palos Verdes Local History.

After the fishery closed, the area became a Japanese farming community and a resort locale. In 1915, Tojuro and Tamiji Tagami, with the help of Sepúlveda, developed the area as the White Point Health Resort, a sea side resort centered around a sulfur spring at the base of the cliffs. Tamiji suffered severely from arthritis but after several weeks of immersion in the hot water from the ocean, he recovered and was again able to work. So they built a bathhouse and then constructed the balance of the resort which consisted of a two story50 room hotel and restaurant with a dance floor, three salt water plunges, an enclosed boating area, a bathhouse, and a pier which ferried tourists to a nearby fishing barge . Local children often bathed in the sulfur water on their way home from school. Doctor would send patients to the resort for the therapeutic powers of the hot springs, and tourists would stay there for the beauty of the weather and location.

White's Point Hot Springs, San Pedro, California. by Palos Verdes Local History.
Diver at White Point Resort

Various disasters in 1928 and the late '30s, led to the decline and eventual closure of the property when storms damaged the pools and some of the buildings. In 1933, an earthquake sealed off the sulfur springs.Although the Tagamis continued to operate the hotel, they never actually owned the land. Ramon Sepulveda could not legally sell the land to Asian immigrants under a California law which prohibited ownership of land by those not eligible to become citizens. Although the hotel continued to operate despite these set-backs, the final blow came in the late 1930’s with the rise of anti-Japanese prejudice and depressed economic conditions forced the closure of the resort.

After the start of World War II, The federal government took over the area, becoming part of the nearby Fort MacArthur military complex. The resort's buildings were demolished, and fortifications were added to the shoreline and nearby hillside.

The state of California bought the beach area in 1960, and it became Royal Palms State Beach. In 1995, the land was acquired by the county of Los Angeles and became Royal Palms County Beach.


White Point
White Point Health Resort - Circa 1920's

Palos Verdes Outdoor Activities This Weekend

Elaine  Carlson: Real Estate Agent in Palos Verdes Peninsula, CA

Palos Verdes Hike Near Cove

If Palos Verdes homes owners are looking for some outdoor fun this weekend, there are two different opportunities for them to enjoy.

The Cabrillo Beach Nature Walk will be taking place this Saturday, February 11, 2012 from 9 a.m. to 11:00 a.m. This is considered a moderate walk and you will be observing coast native plant gardens and the many different entities that make up this area. This walk will include a visit to a restored salt marsh, where you will learn about the Salinas de San Pedro Wetland habitat and more about this historic area. If interested, on Sunday, February 12, 2012, between 2 -4p.m., the Salt Marsh will be having an Open House where educators and volunteers will be giving more details on the animal and bird wildlife that you will be able to see while using binoculars and microscopes. Parking will be at the Cabrillo Beach public lot at 3800 Stephen M. White Drive, in San Pedro. For more information go to www.cabrillomarineaquarium.org. Click here to read more about this weekend's Palos Verdes hikes...

Photo courtesy of Palos Verdes Land Conservancy

Palos Verdes Real Estate Area #177 - Eastview

Elaine  Carlson: Real Estate Agent in Palos Verdes Peninsula, CA

Eastview Park, Rancho Palos Verdes, CA 90275

Palos Verdes real estate area #177 is known as Eastview/RPV, and is located in the city of Rancho Palos Verdes. Multiple listing service area 177 has an irregular shape and is an annexed community (from San Pedro) located West of Western Avenue from Summerland north almost to Palos Verdes Drive North, and a strip east of Western Avenue between Toscanini and Caddington Drive.

The Eastview area includes many single family developments, and also some large condominium and townhome complexes. Also incorporated in this area is a short strip of land near Palos Verdes Drive North which was previously used for military housing.

This area is home to three schools. Residents in this area have the choice of enrollment in the Palos Verdes Peninsula Unified School District or the Los Angeles school system. Christ Lutheran Church & School is located at 28850 S. Western Avenue and offers preschool through 8th grade classes. Dodson Middle School (Los Angeles City School District) is located at 28014 Montereina Drive, and Crestwood Street Elementary School (Los Angeles City School District) is located at 19461 Crestwood Street. Please click here to read more about Palos Verdes real estate Eastview area...

Photo courtesy of the City of Rancho Palos Verdes

Silver Spur Area of Rancho Palos Verdes and Rolling Hills Estates 4th Quarter 2011 Real Estate Market Report

Palos Verdes Real Estate Blog - Maureen Megowan: Real Estate Agent in Palos Verdes Estates, CA

The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2011 :

Properties Sold: 13

Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.

26453 Basswood AV $680,000 3 2.00 1,753 $387.91 1956 S10113690 10/19/11 71
5940 Finecrest DR $700,098 4 3.00 2,270 $308.41 1959 V11087256 11/18/11 82
27051 Springcreek RD $721,960 3 2.00 1,780 $405.60 1960 V11102759 12/16/11 124
5547 Bayridge RD $730,000 3 2.00 1,321 $552.61 1956 P802819 12/30/11 7
27161 Fond Du Lac RD $750,000 4 2.00 1,890 $396.83 1958 S673218 10/21/11 3
5302 Littlebow RD $765,000 4 2.00 2,340 $326.92 1957 P789544 11/28/11 100
5507 Bayridge RD $782,000 3 2.00 1,773 $441.06 1956 V11076837 10/27/11 133
26332 Grayslake RD $785,000 4 2.00 1,890 $415.34 1961 S11114085 10/21/11 14
26916 Springcreek RD $825,000 3 2.00 1,642 $502.44 1960 V11153114 12/30/11 18
11 Via De La Vista $830,000 4 2.00 2,339 $354.85 1965 S11096590 10/11/11 14
26644 Shadow Wood DR $870,000 4 3.00 1,917 $453.83 1961 P796824 11/04/11 6
5951 Flambeau Road $870,000 5 2.00 2,190 $397.26 1959 V11099943 11/16/11 109
27100 Mesaba DR $902,000 4 3.00 2,245 $401.78 1958 V11110300 11/09/11 26

Average Sales Price of homes sold during 4th quarter: $ .8 million

Silver Spur Homes

Properties for Sale as of 12/31/11: 11

Average List Price at 12/31/11: $ .9 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 411 per sq. ft.

Properties sold at an average of 98% of List Price