1502 Paseo La Cresta
Palos Verdes Estates, CA, 90274
$7,450,000
MLS: PV26047166
Beds
6
Baths
6
Sq Ft
7,556
Lot
0.72 ac
Year Built
2000
MLS #
PV26047166
Days on Market
2
Listed
Mar 4, 2026
Description
Commanding a private 0.72-acre parcel in prestigious Montemalaga, this spectacular 7,556-square-foot gated tennis estate offers magnificent scale and timeless design. Reached via a sweeping private drive, the 6-bedroom, 6-bathroom home introduces a breathtaking foyer where a double spiral staircase ascends beneath a soaring domed skylight, flooding the space with natural light. Exceptional craftsmanship defines every bright room, highlighted by rich wood floors, elegant archways, and six fireplaces. The main level balances sophisticated entertaining with effortless daily living. The formal living room features custom herringbone wood floors and soaring windows, while the formal dining room offers bespoke cabinetry. The chef’s kitchen boasts a commanding island, oversized Sub-Zero refrigerator, Viking range, and three Thermador ovens. Flowing into a sunlit breakfast room and sunken family room, the open layout connects perfectly to the outdoor patio. A main-floor guest suite provides a private retreat. Upstairs, the primary suite is an expansive coastal sanctuary. Showcasing picturesque ocean horizon views and vibrant sunsets, this retreat features a grand fireplace, private viewing balcony, adjoining office, and a Hollywood-style custom closet. The spa-caliber bath delivers daily rejuvenation with a deep soaking tub and steam sauna shower. Impeccably appointed secondary bedrooms offer generous proportions and supreme comfort. Designed for the entertainer, the second story also features an expansive game room with a wet bar and concealed drop-down screen. On the lower basement level, a custom-crafted wine room serves as a sophisticated retreat for billiards and showcasing fine vintages. Outside, the resort-style grounds offer the ultimate indoor-outdoor lifestyle. Step into a lush oasis featuring a sparkling pool and spa, fireside lounges, heat lamps, and a fully equipped outdoor kitchen and bar. A recently resurfaced championship tennis court features a dedicated viewing terrace / cabana, while illuminated pathways lead to serene, hidden vegetable gardens. Offering an unparalleled standard of living within the highly rated Palos Verdes Peninsula school district, this extraordinary property is a rare opportunity to experience prestigious coastal luxury.
Location
Palos Verdes Estates, Los Angeles County, CA 90274
Open on Google Maps ↗Listed by: Kevin Megowan · Estate Properties
Payment estimate
$52,051
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $745,000 · Loan: $6,705,000
- Principal & Interest
- $41,197
- Property tax (1.25%)
- $7,760
- Homeowners insurance
- $300
- Mortgage insurance
- $2,794
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Palos Verdes Estates home with as little as 3.5% down using an FHA loan — roughly $260,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Palos Verdes Estates, CA 90274 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
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