940 Paseo La Cresta
Palos Verdes Estates, CA, 90274
$5,950,000
MLS: PV25046515
Beds
5
Baths
6
Sq Ft
7,734
Lot
1.50 ac
Year Built
1981
MLS #
PV25046515
Days on Market
403
Listed
Mar 3, 2025
Description
Spectacular Ocean & Catalina Views – A Rare Luxury Estate! Experience breathtaking views from this expansive estate, boasting over 7,700 sq. ft. of living space on an impressive 65,479 sq. ft. lot. Designed for both grand entertaining and intimate gatherings, this home features multiple living and dining areas, two family rooms, and a gourmet center-island kitchen. The luxurious master suite is a private retreat, complete with a spa-like bath and sauna. Step outside into a resort-style backyard, where lush landscaping surrounds multiple seating areas, a sparkling pool and spa, a tennis court, and unobstructed ocean views extending to Catalina. A private gated entry and expansive driveway provide security and convenience, making this home perfect for hosting guests.
Location
Palos Verdes Estates, Los Angeles County, CA 90274
Open on Google Maps ↗Listed by: Gayle Probst · Estate Properties
Payment estimate
$41,631
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $595,000 · Loan: $5,355,000
- Principal & Interest
- $32,902
- Property tax (1.25%)
- $6,198
- Homeowners insurance
- $300
- Mortgage insurance
- $2,231
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 $208,250 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.
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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.
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