About Greater Palos Verdes & South Bay

About the Palos Verdes Estates, Rancho Palos Verdes and Torrance, California Area

Palos Verdes Estates

LOCATION

Bay on California Coast

Palos Verdes Estates is an upscale Los Angeles community located on the western side of the Palos Verdes Peninsula with the Pacific Ocean at its doorstep. Rising from the shores of Santa Monica Bay, the Peninsula features rolling hills that steadily rise to 200 feet above the ocean, granting breath-taking views of the Pacific Ocean and the entire South Bay. With Santa Monica to the north and Long Beach and Huntington Beach to the south (on Hwy-1), the Palos Verdes Peninsula is close to all that Los Angeles has to offer while being out of the bustle. Palos Verdes Estates is adjacent to Torrance (5 miles north) and Rancho Palos Verdes (3 miles east). Rolling Hills and Rolling Hills Estates make up the inland peninsula. Downtown Los Angeles is about 21 miles away. The I-5 runs the length of California from Oregon to the Mexico border; the 110 intersects it and runs down to the Peninsula. The San Diego Freeway (Fwy-405) runs north to south from the city limits, where it meets up with I-5; Huntington Blvd runs between Fwy-405 and Palos Verdes Estates.

TRANSPORTATION/AIRPORTS

Palos Verdes Estates is just 30 minutes south of the Los Angeles International Airport (LAX) on Hwy-1 and Fwy-405. The Torrance Regional Airport is nearby. The Palos Verdes Peninsula Transport Authority operates several routes through the estates, ending up in the Peninsula Center in Rancho Palos Verdes.

BRIEF HISTORY

The Palos Verdes Peninsula was first described in 1542 by Portuguese Explorer Juan Cabrillo; it remained the undisputed domain of the Gabrielino Indians until three hundred years later, when in 1827, Don Dolores Sepulveda received an original land grant to 75,000 acres from the Governor of Mexico California. By 1913, a consortium of New York investors owned most of the land and the first homes began to appear in 1924.

Incorporated in 1939, Palos Verdes Estates is the oldest residential community on the Peninsula, and one of the first master-planned communities in the country. Deed restrictions were imposed on the land in 1923 when the trustee of the Palos Verdes project drafted an outline for development of the new community that specified protective restrictions to "preserve the fine views of ocean, mountains and parks."

POPULATION

13,400 residents make up Palos Verdes Estates.

ABOUT EDUCATION

The Palos Verdes Peninsula Unified School District has 10 elementary schools, 3 intermediate schools, and 2 comprehensive high schools. Rankings are among the highest in the state, with student test scores consistently in the top 10% of California schools. The district leads California in National Merit Scholarship semi-finalists, and 90% of students go on to higher learning. Many options for private education exist, at all grade levels from preschool through junior college. Nearby colleges include: City University-Los Angeles (about 7 miles away), The University Of Southern California (about 7 miles), California State University-Northridge (about 7 miles), El Camino College (about 7 miles away in Torrance), Los Angeles Pierce College (about 7 miles), Los Angeles Harbor College (about 10 miles) and California State University-Dominguez Hills (about 12 miles).

WHAT IS SPECIAL ABOUT AREA?

With 849 acres dedicated as permanent parkland, Palos Verdes Estates justifiably enjoys a reputation as a garden suburb. Careful planning has helped to preserve the beauty of the coast and hills and to guarantee a balance of preservation and development. The city is home to stables and golf and tennis clubs, as well as many cultural entities including ballet, the chamber music society, art exhibits, a botanical garden and the world-famous Wayfarer Chapel (designed by Lloyd Wright). The Palos Verdes Homes Association is responsible for interpreting and enforcing the standards that apply to over 5,000 building sites, only 200 of which remain undeveloped. Strict zoning codes allow no billboards, industry, hotels, motels, or unwanted construction. Palos Verdes Peninsula has allowed 55 identified species of birds to continue migrating to its many natural areas, and peacocks can be heard and seen on walks to the hills. Residents enjoy the beauty and peace of their Peninsula while having easy access to all that downtown Los Angeles has to offer.

Los Angeles Skyline

Rancho Palos Verdes

LOCATION

This stylish and exclusive community is located about 30 miles southwest of downtown Los Angeles, on the southwestern side of the Palos Verdes Peninsula. With 7.5 miles of Pacific Ocean coastline, the city has stunning views and natural parks. Three miles east of Palos Verdes Estates and about 6 miles south of Torrance, Rancho Palos Verdes is easily accessible to the rest of Los Angeles via Fwy-405, the 110, and Hwy-1. Downtown Los Angeles is about 23 miles away.

TRANSPORTATION/AIRPORTS

Los Angeles International is just over 13 miles northwest and Long Beach /Daugherty Field Regional Airport is about 16 miles south. Torrance's Zamperini Field is 4 miles. The Palos Verdes Peninsula Transport Authority operates five routes, four of which conclude at the Peninsula Center in Rancho Palos Verdes.

BRIEF HISTORY

Rancho Palos Verdes is the youngest city on the Palos Verdes Peninsula. It was incorporated on September 7, 1973 in response to growing pressure to develop the region. Palos Verdes Estates, Rolling Hills and Rolling Hills Estates were incorporated before the building boom of the 1950's and 60's, so the remaining unincorporated land on the Palos Verdes Peninsula Rancho Palos Verdes was at a premium for rapid, high density development. Concerned to protect their semi-rural and low density area, local residents cooperated to lobby for zoning protection. They were unsuccessful until 1973, when an overwhelming majority of local residents voted 5 to 1 in favor of incorporation. Voters also elected City Council members who ran on platforms of low-density land use, minimum taxes, and responsiveness to residents. Although some of the developments previously allowed by Los Angeles County were larger and denser than what the City of Rancho Palos Verdes would allow today, they are relatively few, and the overall rural ambience of the community has remained intact.

POPULATION

Home to more than 41,200 residents, Rancho Palos Verdes is the largest incorporated city on the Palos Verdes Peninsula.

ABOUT EDUCATION

Rancho Palos Verdes has a Montessori school, a kindergarten, 6 elementary schools and 2 intermediate schools. Students travel to nearby suburbs in the Peninsula to attend high school. Palos Verdes Unified School district student test scores consistently in the top 10% of California schools. Rancho Palos Verdes has two colleges, both private and not-for-profit: Marymount College and The Salvation Army College for Officers Training. Nearby Colleges and Universities include: City University-Los Angeles, The University Of Southern California, California State University-Northridge, El Camino College and Los Angeles Pierce College (all about 5 miles away); Los Angeles Harbor College is about 8 miles and The California State University-Dominguez Hills is about 11. The Peninsula School of Performing Arts at the Peninsula Center offers modern and classical dance instruction to children and adults.

WHAT IS SPECIAL ABOUT AREA?

Rodeo Drive LA

Surrounded by rocky coves and pristine beaches, Rancho Palos Verdes is home to miles of trails for horseback riding and walking, city parks located on the beach, and a shopping mall containing unique shops, restaurants and services. Besides hiking and riding trails, volleyball courts, tennis courts, and grassy spaces for picnicking can be found throughout the city. Abalone Cove Shoreline Park offers educational opportunities with bluff top viewing areas, trails and tide pools, and a State Ecological Preserve where land animals and marine life are protected. The magnificent views of the Los Angeles basin and the Pacific Ocean, beautiful terrain, mild climate and clean air make Rancho Palos Verdes an exceptional place to call home; a world away from the overcrowded feel of Los Angeles, yet close enough to the jobs and big city opportunities it offers.

Torrance

LOCATION

Park for children - Torrance

Located in the southwest corner of Los Angeles County at the base of the Palos Verdes Peninsula, Torrance encompasses some 21 square miles and is close to Hwy-1 (to the west), Fwy-110 (to the east) and Fwy-405 to the north. Long Beach is 13 miles to the east, Redondo Beach 3 miles west on the way to Santa Monica; downtown Los Angeles is only 17.5 miles away.

LAX Airport

TRANSPORTATION/AIRPORTS

Torrance has Zamperini Field airport; Jack Northrop Field in Hawthorne, is about 6 miles away. Los Angeles International (LAX) is just 8 miles northwest. Torrance Transit is an excellent public transit system, with four routes providing service within the City and five routes supplying regional connections.

BRIEF HISTORY

Real estate developer Jared S. Torrance founded the city in 1911, naming it after his family. Interest in his planned community grew with the discovery of petroleum in the area in 1921; then, as now, people were drawn to Torrance's mild climate, outdoor lifestyle and employment opportunities. Early residents were colorful and hardworking characters who turned the dusty grazing land into one of Los Angeles County's most vital industrial, commercial and residential centers. Today, many large corporations boost Torrance's local economy, alongside electronics, plastics, aluminum and other large manufacturing and distribution firms.

ABOUT EDUCATION

The Torrance Unified School District has 17 elementary schools, 8 middle schools, 4 high schools and one special education facility. The School District is noted for academic excellence, with students routinely scoring significantly above the national average and most schools ranking in the 60 to high 90th percentile. The District has been recognized for its innovative programs and many of its schools are included on the annual list of California Exemplary Schools; several have won the coveted California Distinguished School Award. Torrance is also served by a number of private schools; colleges include the El Camino Community College, ITT Technical Institute, the Harbour-UCLA Medical Center, 2 flight schools and a beauty school.

FACTS & FIGURES

The population of Torrance is approximately 133,107 (2000).
The approximate number of families is 54,927 (1990).

The amount of land area in Torrance is 53.15 sq. kilometers.
The amount of land area in Torrance is 21 sq. miles.
The amount of surface water is 0 sq kilometers.
The distance from Torrance to Washington DC is 2436 miles. The distance to the California state capital is 369 miles. (as the crow flies)
Torrance is positioned 33.83 degrees north of the equator and 118.34 degrees west of the prime meridian.

Torrance elevation is 84 feet above sea level.

WHAT IS SPECIAL ABOUT AREA?

Boginvilla Torrance California

The fourth largest city in Los Angeles County, Torrance is a popular choice for many relocating families because of its good schools, beaches, smog-free air, and wonderful neighborhoods. Easy access to transportation, including Los Angeles and Long Beach airports and harbors and Southern California freeways, makes Torrance an excellent place for business. The City has developed from a predominantly industrial area to a major financial and retail hub with quality medical care facilities, excellent schools, fine dining, great entertainment and fantastic cultural events. Residents enjoy more than 350 acres of open space and parkland including the Madrona Marsh, a fresh-water habitat for a variety of native wildlife. The city has 24 parks including the 44-acre Wilson Park and the 52-acre Columbia Park, a golf course, swimming pool, and numerous public tennis courts. Wilson Park hosts the Certified Farmers Market each week, a train ride, roller hockey, craft shows, free Torrance Symphony concerts during the year and the Festival of Trees at Christmas.

Palos Verdes Estates

HISTORY, FACTS & FIGURES

The City of Palos Verdes Estates, incorporated December 20, 1939, is the oldest of the four cities on the Palos Verdes Peninsula.

The Palos Verdes Peninsula, which became known as Rancho de los Palos Verdes was part of a land grant deeded to Don Delores Sepulveda in 1822 in return for his support of the Mexican Revolution. In 1882, the land was deeded to Jotham Bixby who brought farming to the Peninsula. The Bixby family in turn, sold the land to New York City Financier Frank A. Vanderlip, Sr. in 1913. Vanderlip, then President of National City Bank in New York, covered every mile of his new acquisition on horseback and formed his vision of a magnificent community by the sea. To achieve these goals, Vanderlip called in the most talented experts and professionals of his day.

Deed restrictions were imposed on the land in 1923 when the Bank of America as trustee for Vanderlip's Palos Verdes Project drafted a trust indenture and outlined provisions for development of the new community. The restrictions included specific items to "preserve the fine views of ocean, mountains and park," and "increase with the years the wonderful natural beauty of the property". The document established set back requirements, prohibited billboards and imposed a system of architectural review on builders administered by the Palos Verdes Homes Association and the Palos Verdes Art Jury.

Vanderlip's plans were slowed by World War I, but subdivision of the land and construction of the first Spanish style homes in what is today Palos Verdes Estates began in the early 1920's.

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.

Palos Verdes Estates first functioned as an unincorporated community and the Homes Association was liable for taxes on all parkland. After the economic crash in 1929, the Association owed parkland taxes to Los Angeles County and area residents were afraid that the parklands might be sold for payment. City incorporation was voted in 1939 and the parklands were deeded to the new City in 1940 by the Homes Association.

Neptune Fountain

One of Palos Verdes Estates' notable landmarks is Neptune Fountain, the City's logo, in Malaga Cove Plaza. The elaborate two-thirds scale replica of a bronze statue and fountain erected in Bologna, Italy in 1563, was donated to Palos Verdes Estates in 1930 by the Palos Verdes Project. The statue is thought to have been over 100 years old before it was brought to the City and was obtained from a villa courtyard outside Venice.

FACTS & FIGURES

Incorporated: December 20, 1939
Population estimate January, 2000 13,572
Area: 4.75 sq. miles
or 3,038 acres
Approximate Linear Miles of Coastline: 4.5 miles
Highest Elevation: 1,134 feet
Lowest Elevation: Sea level
Miles of Paved Streets: 87.9 miles
City Parkland: 849 acres,
28% of City land
Dwelling Units: 5,229
Single family 4,883
Multi-family 346
Average # of residents per household 2.67
Registered Voters: 9,862
Type of Government: Council/Manager
Type of City: General Law

This Resident Handbook was published by the City of Palos Verdes Estates - Office of the City Clerk. For the complete handbook visit:
www.PalosVerdes.com.

Hollywood Blvd. at night

Rolling Hills Estates

HISTORY, FACTS & FIGURES

The City of Rolling Hills Estates officially became Los Angeles County's 60th municipality on September 18, 1957. In that first year, the City's population totaled only 3,500; but its new citizens were united in their concern over maintaining the community's rural atmosphere characterized by rolling hills, vast open spaces and white fences.

Annexation of new areas to the City was another ongoing concern during the City's early years. In 1959, the Montecillo, Chandler Quarry, Country Club Estates and northern Masongate areas were added to the eastern and western portions of the City. Later annexations from 1960-66 included the research and development land behind the Northrop Corporation; the Peninsula Center, Harbor Sight, the Ranch, Rolling Hills Park Estates, Highridge, Hillcrest Manor, Hillcrest Meadows, Terraces, and Cresta Verdes areas. In 1982, the site of the former Palos Verdes Landfill was annexed to assure that City concerns regarding this closed facility would be recognized.

Today there are 28 neighborhood areas within the community, each with its own special character, architectural style, and Homeowners Association. These Associations often represent citizens directly before the City Council and serve as neighborhood social organizations as well.

While the community has undergone changes over the years, the present City Council continues to represent the basic ideals held by the original incorporating pioneers. As in the past, today's emphasis in managing the City is placed upon preserving its rural residential character and, at the same time, providing the best possible services to its citizens.

FACTS & FIGURES

Incorporated: September 18, 1957 Form of Government: Council/Manager Type of City: General Law Population: 7,789 Registered Voters: 5,409 Area: 4.18 square miles Location: Northeast section of the Palos Verdes Peninsula, 23 miles south of central Los Angeles Climate:Average annual rainfall - 11.72 inches Average temp. - Winter - low 51" - High - 64" - Summer - low 62" - High 72" Average westerly winds - 6.5 m.p.h. Median Age of Population: 39.8 years Housing Units: 2,873 City Parks (total area) 177.7 acres City Bridle Trails 25 miles City Streets 30 miles City Bike Paths 10 miles.

Rancho Palos Verdes

HISTORY, FACTS & FIGURES

On September 7, 2000, the City of Rancho Palos Verdes, the youngest city on the Palos Verdes Peninsula, celebrated its 27th anniversary. Each year is a milestone for all of the people who worked so hard and so long for incorporation and for all of those who have enjoyed the benefits ever since.

Cattle ranching in the area that is now the Peninsula Center Shopping District. The story of the City's fight for incorporation is indeed an interesting tale. The birth of Rancho Palos Verdes was the culmination of a series of events that occurred during the first half of the 20th Century, as well as the actual drive for poration, which began in earnest in the early 1960's and finally came to fruition in 1973. Japanese families dry farmed the south slope of the Peninsula.

Then, for a brief period of time in the early 1900's, the Peninsula enjoyed prosperity as a cattle ranch and rich farming area. During this time, 2,000 head of cattle roamed the open areas. Japanese families farmed the moist southern slopes with fields of beans, peas and tomatoes, while the manager of the cattle ranch farmed the dryer northern slopes with barley for hay and grain.

In 1913, Frank A. Vanderlip, president of the National Bank of New York, bought the 16,000-acre Palos Verdes Peninsula sight unseen from rancher Jotham Bixby. Even though Mr. Vanderlip had never seen the Peninsula, he recognized its strategic location and potential for development. Mr. Vanderlip had a grand vision to develop the "Palos Verdes Project" into the "most fashionable and exclusive residential colony" in the nation.

Sea otter in bay CA

At the close of the 19th Century, the Palos Verdes Peninsula was uninhabited, with the exception of a few sheepherders and their flocks. The high mesas and sweeping terraces of this land were lonely and barren. There were no trees, fences, roads or structures of any kind. Then, for a brief period of time in the early 1900's, the Peninsula enjoyed prosperity as a cattle ranch and rich farming area. During this time, 2,000 head of cattle roamed the open areas. Japanese families farmed the moist southern slopes with fields of beans, peas and tomatoes, while the manager of the cattle ranch farmed the dryer northern slopes with barley for hay and grain.

In 1913, Frank A. Vanderlip, president of the National Bank of New York, bought the 16,000-acre Palos Verdes Peninsula sight unseen from rancher Jotham Bixby. Even though Mr. Vanderlip had never seen the Peninsula, he recognized its strategic location and potential for development. Mr. Vanderlip had a grand vision to develop the "Palos Verdes Project" into the "most fashionable and exclusive residential colony" in the nation. Unfortunately, the area's remote location and lack of adequate roads initially thwarted his plans. Later, the Stock Market Crash, the Great Depression and the onset of World War II crippled the dream. However, none of these events changed the beauty and desirability of the Palos Verdes Peninsula, with its magnificent views, beautiful rolling terrain, mild climate and clean air, as an ideal place to live.

Probably the greatest single event that would shape the future of Rancho Palos Verdes occurred in July 1953. By this time, Frank A. Vanderlip's eldest son, Frank Jr., was the president of the Palos Verdes Corporation, which controlled the family's remaining undeveloped acreage on the Peninsula. Since 1944, the Great Lakes Carbon Corporation had leased a 300-acre tract of land on the north side of the Peninsula for mining of diatomaceous earth. Although this mine's resources had nearly been exhausted, another rich deposit was known to exist on a 165-acre tract near the crest of the Peninsula. For two years, the Great Lakes Carbon Corporation had been unsuccessfully attempting to purchase this property from the Vanderlip family. Finally, Frank Vanderlip Jr. agreed to sell, provided that Great Lakes purchase all of the stock in the Palos Verdes Corporation. Upon completion of the transaction, Great Lakes Carbon Corporation suddenly owned 7,000 acres of prime undeveloped land, all that was left of the 16,000 acres bought from Mr. Bixby, with the exception of 500 acres retained by the Vanderlip family in the Portuguese Bend area.

What happened next was not surprising. The plans for mining operations were quickly discarded and a group of well-know architects and engineers were hired to create a master plan to develop the property.

The grand plan envisioned for the Palos Verdes Peninsula by Frank A. Vanderlip Sr. was to be only partially realized by the time of his death in 1937. In the nearly 25 years since he acquired the property, Mr. Vanderlip's plan had been fragmented and diluted by a variety of external forces.Point Vicente Lighthouse circa 1920'sNotice the undeveloped hills in the background.
In response to the changing circumstances, the other three Peninsula cities of Palos Verdes Estates, Rolling Hills and Rolling Hills Estates incorporated before the largest building boom began in the late 1950 and early 1960s. Fueled by the master plan created by the Great Lakes Carbon Corporation and the burgeoning economic growth occurring in the South Bay area, the remaining unincorporated area on the Peninsula began to develop rapidly and in ever-increasing densities.

The idea of a fourth city was first advanced in 1962 as an answer to controlling the unbridled development that was occurring in the unincorporated areas on the Peninsula, which remained under the control of Los Angeles County. Unfortunately, these early efforts were never able to get off the ground. In spite of protests from individually affected homeowners groups, adjacent cities and the local school district, the Los Angeles County Board of Supervisors routinely granted zone changes. In desperation, more than 40 homeowners groups joined together in 1965 to form the Peninsula Advisory Council (PAC) in the hopes that this collaboration would add weight to their arguments against the proposed zone changes. However, despite PAC's best efforts, the County continued to grant more zone changes for higher densities, with little concern for the sensitive environment. According to PAC's records, 43 times they protested to the County, and 43 times they failed.

Boginvilla flower garden Palos Verdes

Then, in 1969, came the new County Master Plan for the Peninsula that provided for a population density far beyond what the local residents wanted. In response, a Peninsula-wide organization was formed that same year called Save Our Coastline (SOC). Unlike previous efforts, SOC was able to combine political and financial power with experienced local governments focused on achieving a common goal. However, after several unsuccessful fights against the County's Master Plan for the Peninsula, it became evident that the only way to preserve the environment and to gain control over local zoning issues was through incorporation of a fourth city.

The drive for incorporation of the fourth city intensified in February 1970 when a formal application was made to the Local Agency Formation Commission (LAFCO), which was the first step in a six-step process necessary for successful incorporation. LAFCO approved the application shortly thereafter. The second step was successfully completed when signatures supporting incorporation were obtained from the owners of 43% of the assessed valuation of the land, 63% of the homeowners and 70% of the registered voters. However, further progress was blocked when landowners representing more than 51% of the assessed land value protested the incorporation. In response, SOC filed a lawsuit in Federal District Court seeking to have Section 34311 of the State Code declared unconstitutional. The so-called "one man-one vote" suit contended that a vote should not be weighted by the land's assessed value, but rather by the actual number of voters in the area. There was further litigation and many setbacks before the State Supreme Court, in September 1972, ruled 7 to 0 in Curtis vs. Board of Supervisors that landowners could not prevent voters from determining their own form of municipal government. This cleared the way for completing the final steps with LAFCO towards incorporation and permitting a cityhood election to take place.

The first City Council seated left to right,
Marilyn Ryan, Gunther Buerk, and, Robert Ryan.
Standing Left to right, Dave "Cisco" Ruth and Ken Dyda
The election was finally held on August 28, 1973. An overwhelming majority of 5 to 1 voted in favor of incorporation. At the same time, the voters elected five City Council members out of a field on 24 candidates. The first City Council, consisting of Mayor Marilyn Ryan and Council members Gunther Buerk, Ken Dyda, Dave "Cisco" Ruth and Robert Ryan, all ran on similar platforms of low-density land uses, minimum taxes, and responsiveness to residents.The newly elected City Council held its first meeting on September 7, 1973 at Ridgecrest Intermediate School.
The first City Hall offices were located in the former SOC offices in the Golden Cove Center at the corner of Hawthorne Boulevard and Palos Verdes Drive West. One of the first actions taken by the new City Council was to declare a building moratorium and to begin work on the preparing the City's General Plan. In 1975, City Hall was relocated to its current location at the former Army Nike missile base on Hawthorne Boulevard, just above the Golden Cove Center.

The incorporation of the fourth city came just in the nick of time. Although some of the developments allowed by the County were larger and denser than what the City would allow today, they are relatively few. The overall rural ambience of the community has remained intact.

Rancho Palos Verdes is still an oasis connected yet separated from the hectic pace of modern city life. For the many families who have lived in Rancho Palos Verdes prior to and since its incorporation, it has been, in the words of author Augusta Fink, "the promise of paradise fulfilled."

Rancho Palos Verdes Park

Market Conditions $ Understanding Where To Invest
Written by David Davis

"Go West Young Man" takes on new meaning in today’s Palos Verdes luxury real estate market. The "Donald" has arrived, Donald Trump and his team "Trump International". The market changing Ocean Trails, Luxury Homes and Estates, Rancho Palos Verdes, "The best kept secret in California luxury living, will never be the same.

Its my job to understand clearly, the investment value in the market we serve. Our small group of famed agents, Number one rated in California and Hawaii, RE/MAX Palos Verdes, The Haw & Kuhn Group, led by the famed Stephen Haw on the Palos Verdes Peninsula, take seriously the activity brewing on the Palos Verdes Peninsula. A proud torch, we carry always.

Although homes and luxury estate prices climb steadily, I estimate that prices around nearby influence Donald Trumps Ocean Trails and The Long Point Resort and Golf Clinic (The old Marineland) will change the value of comparable homes and estates in a rarely seen boom.

My wife Tina and I have been selling Estates at Capital Pacific Homes, Oceanfront Estates for a steady year now and are watching carefully with anticipation the changes.

Oceanfront Estates inventory disappeared quickly this year and we are taking offers on the new plan homes while under construction at this time.

Comparable Market Analysis For Palos Verdes (West )

The simple truth regarding this expansive mass of sales approaches these figures in general: Oceanfront Bluff side estates with unobstructed ocean views start at $ 3,350,000 up to, just under $4,000,000 currently and are between 5,800 sq ft to just under 7000 sq ft of living space, all situated on half acre plus lots, the re-sales are approaching $ 6,000,000 on the same street. Donald Trump stated on the block buster "The Apprentice" that his homes would start at $ 5,000,000 to $ 15,000,000. In a comparable market analysis the impact is easy to see: An investment now on the bluffs in Rancho Palos Verdes will carry with it, a great value when these projects are delivered. Delivery is stated to begin in March, according to a recent article by Rismedia. Donald Trumps Ocean Trails Golf Course is said to be due for completion in June, 2004. Most information gathered and kept current, thanks to the city of Rancho Palos Verdes web site.

If you want to explore the market on the (West Side) of Rancho Palos Verdes, the Palos Verdes Peninsula or, Palos Verdes Estates don't hesitate to call us direct at 310-985-9725.