The recently completed contemporary property located at 952 Paseo La Cresta in Palos Verdes Estates, Southern California, has been sold for a record-breaking price of $12.5 million. The stunning estate spans 6,000 square feet and is situated on a sprawling 10-acre hilltop, offering breathtaking ocean views. The property features floor-to-ceiling glass walls that face the ocean, providing a seamless connection between the interior and exterior spaces. It boasts luxurious amenities and has recently undergone a remodel, ensuring a modern and sophisticated living experience.

Summary of transaction details

• Property Type: Single-Family Residence (SFR)
• Transaction Amount: $12,500,000
• Address: 952 Paseo La Cresta, Palos Verdes Estates
• Market: Palos Verdes Estates
• Acres: 10

The successful sale was facilitated by Gerard Bisignano from Vista Sotheby’s International Realty, representing the buyer, and Suzanne Dyer from Strand Hill Properties, representing the seller. Both real estate professionals played crucial roles in ensuring a smooth transaction and maximizing the value for their respective clients. The involvement of these experienced and reputable agents underscores the significance of this record-breaking sale.

It is worth noting that recent record sales in the Palos Verdes Peninsula area have reached comparable prices, potentially challenging previous records. This sale sets a new benchmark and reflects the strong demand for luxury properties in this desirable market.