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Palos Verdes Estates Real Estate

A 1920s planned city where two bodies review a remodel

Los Angeles County, California · ZIP code 90274

Properties for Sale in Palos Verdes Estates

Newest listing came on the market 3 days ago.

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Approximate locations of a sample of current active properties.

Palos Verdes Estates (ZIP code 90274) is a city in Los Angeles County, California. It was incorporated on December 20, 1939. That makes it the oldest of the four cities on the Palos Verdes Peninsula. It covers about 4.8 square miles of land overlooking Santa Monica Bay. The Olmsted Brothers laid it out in the 1920s as a planned residential community.

Market Snapshot

Market data as of November 13, 2026 · updated daily from the MLS

Homes in Palos Verdes Estates sold for a median $3,002,950 ($1,147 per square foot) over the 30 days ending November 13, 2026, closing at 101.0% of final list price on average, per CRMLS.

Median Active Price
$5,050,000
+12.2% (30d)
Active Listings
30
low inventory
Days on Market (active)
32
Recent Sales
12
Past 30 days
Median Sold Price (30d)
$3,002,950
$1,147/sq ft
Sale-to-List
101.0%
of final list price, avg
Days on Market (sold)
8.5 days
median · past 30 days

Is Palos Verdes Estates a buyer’s or seller’s market?

Palos Verdes Estates is currently a seller's market, with 2.3 months of inventory and 50% of recent sales going under contract within a week.

2.3 months of inventory3 new active listings since Nov 612 pending now27% of active listings with a price cut

Months of inventory = current active listings ÷ the average monthly pace of closings over the past 90 days. Under about 3 months generally favors sellers; over about 6 favors buyers.

About Palos Verdes Estates

Palos Verdes Estates is an incorporated city of about 4.8 square miles on the north coast of the Palos Verdes Peninsula in Los Angeles County. On land, it borders Torrance, Rolling Hills Estates and Rancho Palos Verdes. It began as the Palos Verdes Project. Financier Frank A. Vanderlip bought the land in 1913, and the Olmsted Brothers laid it out. Deed restrictions were recorded in 1923. In 1939 residents voted to incorporate so the parklands wouldn’t be sold for back taxes. Two things from that origin still shape owning a home here. Dedicated open space that the City holds as Parklands covers 28% of the city. The Palos Verdes Homes Association and its Art Jury still review the exterior of every structure, separately from the City’s own planning process. The city keeps its own police department and contracts with Los Angeles County for fire and paramedic service. Its public schools belong to the Palos Verdes Peninsula Unified School District, which also serves the other Peninsula cities. About nine in ten homes are detached single-family houses. The Housing Element the City adopted in 2024 names two areas zoned for multi-family housing, Malaga Cove and Lunada Bay. Those two areas also hold the city’s commercial land.

  • Parklands: 28% of the city dedicated as permanent open space and held by the City
  • Exterior changes reviewed by the Palos Verdes Homes Association Art Jury, established in 1923
  • Malaga Cove Plaza, the Malaga Cove Library and the Mirlo Gate Lodge Tower, all on the National Register of Historic Places
  • A City police department, with fire and paramedic service from Los Angeles County Fire Station 2 at City Hall
  • Four Palos Verdes Peninsula Unified K-12 campuses inside the city, including Palos Verdes High School
  • City-owned golf, tennis, beach and stables facilities run by concessionaires

Neighborhoods in Palos Verdes Estates

Malaga Cove
The north end of the city. The National Register nomination for Malaga Cove Plaza says it holds some of the earliest buildings in Palos Verdes Estates. It adds that the plaza still works as a city square and commercial core. The plaza and its Neptune fountain are here, along with the Malaga Cove Library on Via Campesina. So is the 1926 Malaga Cove School, now the school district’s offices on Via Almar. The Palos Verdes Beach and Athletic Club sits on the cove below. The City’s 2024 Housing Element names Malaga Cove as one of two areas with commercial and multi-family zoning.
Lunada Bay
The west side, around the second of the city’s two commercial districts. Lunada Bay Elementary on Paseo Lunado serves addresses here. Lunada Bay Park, on the blufftop, opened in 2005. The 2024 Housing Element names Lunada Bay as one of the two areas zoned for multi-family housing. The other is Malaga Cove.
Valmonte
The eastern arm of the city, reached by Via Valmonte. That road is one of six entrances at the city line. The Mirlo Gate Lodge Tower stands at 4420 Via Valmonte. Addresses sampled here are assigned to Silver Spur Elementary, whose campus is across the city line in Rancho Palos Verdes. The former Valmonte Elementary site on Via La Selva now houses a district preschool.
Montemalaga
The fourth of the areas the City itself names, alongside Valmonte, Malaga Cove and Lunada Bay. Montemalaga Elementary on Via Nogales carries the name. The district’s locator assigned sampled addresses on Via Nogales, Via Elevado, Via Campesina and Via Almar to it.
The blufftop coast
A band along the ocean edge, from Malaga Cove around to Lunada Bay, lies inside the California coastal zone. A project there can also need the City’s coastal development review. The City describes blufftop trails with ocean views from the 1300 block of Paseo Del Mar to the south end of the city. It says you can reach the beach on foot from the 300 block, down a paved road it calls extremely steep. Los Angeles County describes Torrance Beach, which ends at Malaga Cove, as lying at the foot of cliffs that extend to the Peninsula. On or within 25 feet of a bluff edge, the coastal regulations allow structures, additions, grading, pools and solid fences only after a geologic report and City findings. In September 2024 the City settled a decade-long lawsuit over public beach access at Lunada Bay, without admitting the plaintiffs’ claims. It agreed to add blufftop benches and signs saying the beach access is open to everyone.
The Parklands
Not a neighborhood but the land between them: dedicated open space, pathways and tree stands threaded through the whole city. The Parklands Committee reviews planting, pruning or removing trees on Parklands or in the street right-of-way, with the City Forester advising. That includes requests to reduce public trees for a view.

Living in Palos Verdes Estates

  • Malaga Cove Plaza was listed on the National Register of Historic Places in 2021. It holds many of the city’s businesses, set around a Neptune fountain that the Palos Verdes Project acquired in 1930.
  • The Malaga Cove Library at 2400 Via Campesina was designed in 1929 by architect Myron Hunt. It was listed on the National Register in 1995 as the Palos Verdes Public Library and Art Gallery. It’s a branch of the Palos Verdes Library District, a special district with its own elected board.
  • La Venta Inn was the first building erected in what became the city. Pierpont and Walter Swindell Davis designed it in the form of a Spanish villa.
  • The Palos Verdes Golf Club course opened in 1924 to a design by William “Billy” Bell and George C. Thomas. The City says the club is open to the public for meals.
  • The Palos Verdes Stables, established in 1926, offers riding lessons and summer youth camps. The Palos Verdes Tennis Club has twelve courts beside the golf club.
  • The Palos Verdes Beach and Athletic Club occupies a 1930 bathhouse on Malaga Cove, designed by Kirtland Cutter. The City acquired it in 1939, and it reopened under its current name in July 1993.
  • The Mirlo Gate Lodge Tower is a two-story stone tower designed by Clarence E. Howard for an entrance gate that was never finished. It was listed on the National Register in 2019.

Schools Serving Palos Verdes Estates

School assignments can change. Verify enrollment boundaries directly with the district.

Buying & Selling in Palos Verdes Estates

For Buyers

If you’re buying here, start with the two review bodies, because they’re separate. Most projects need preliminary approval from the Palos Verdes Homes Association. Its Art Jury reviews exterior work down to repainting, re-roofing and replacing windows and doors. The City then applies its own rules. A new house or a remodel that meets the ordinance’s criteria needs a Neighborhood Compatibility hearing before the Planning Commission, and neighbors within 300 feet are notified. The Homes Association says unapproved alterations usually surface at the time of sale. That’s when buyers are generally required to bring the property into compliance, so ask for the approval history of any visible change. Check the fire hazard map for the address. The City adopted new zones in July 2025, and the state map puts roughly half the city in a zone. Civil Code section 1102.19’s defensible-space documentation duties apply only where a local documentation ordinance or an eligible compliance-inspection provider triggers them. Near the bluffs, ask whether the lot is in the coastal zone. In that zone, work on or within 25 feet of a bluff edge requires a geologic report. Do not read the lot line from the pavement. The City says most rights-of-way aren’t fully paved, so property lines may not align with the pavement edge. It also prohibits structures or planting on public land without a permit. A survey or the Homes Association’s records settle where the line is. Short-term and vacation rentals are prohibited in both residential zones, so don’t underwrite a purchase on nightly rental income. For schools, run the address through the district’s School Locator. Some city addresses are assigned to an elementary campus in Rancho Palos Verdes, and the district may place a student elsewhere when the assigned school is full.

For Sellers

If you’re selling, assemble the paper trail before you list. The Homes Association is charged with keeping plans for all structures in the city. It says alterations made without Art Jury approval are usually resolved at the time of sale, so check your exterior against the Association’s records before listing. If the home sits in a High or Very High Fire Hazard Severity Zone, check whether Civil Code section 1102.19 applies. Its documentation and written-agreement duties depend on a local documentation ordinance or an eligible compliance-inspection provider. For a home built before 2010, section 1102.6f separately calls for a fire-hardening disclosure notice. State the elementary assignment from the district’s locator, not from the nearest campus. Say plainly that high school students may choose between Palos Verdes High and Palos Verdes Peninsula High. The code prohibits short-term rentals and advertising one, so your listing shouldn’t present the home as a short-term rental. Base your price on recent closed sales of the same kind of property. A blufftop home, a hillside view home and a condominium near Malaga Cove follow different comparables.

Palos Verdes Estates Real Estate Agents

With agents in the South Bay and on California's Central Coast, Allan Real Estate Investments helps buyers and sellers across Los Angeles County's South Bay.

Talk to our team about Palos Verdes Estates

Property Types in Palos Verdes Estates

Single-family residentialBlufftop & ocean-view homesHillside homesCondos & apartments near Malaga Cove and Lunada BayVacant residential lots

Local Market Insights: Palos Verdes Estates

How a 1920s land project became a city

The city’s origin has two parts, a plan and a tax bill. New York financier Frank A. Vanderlip, Sr. bought the land from the Bixby family in 1913, intending a planned residential community. He chose the Olmsted Brothers to lay it out. World War I slowed the work. Subdivision and the first Spanish-style homes followed in the early 1920s. In 1923 a trust indenture for the Palos Verdes Project imposed deed restrictions on the land. The winding roads, tree stands and dedicated open space date from that design.

Those restrictions were not only about architecture. The National Register nomination for Malaga Cove Plaza records that they also barred occupancy by any person “not of the white or Caucasian race” other than household employees. In 1948 the U.S. Supreme Court held in Shelley v. Kraemer that court enforcement of such covenants denies equal protection of the laws. California law now lets an owner record a Restrictive Covenant Modification that strikes the language from a recorded document. A title company, an escrow company or a real estate agent can record one too.

The area was unincorporated at first. The Palos Verdes Homes Association governed it and owed the property taxes on all of the parkland. After the 1929 crash the Association fell behind on those taxes to Los Angeles County. Residents worried the parklands could be sold to pay them, and in 1939 they voted to incorporate. The City dates its incorporation to December 20, 1939, which makes it the oldest of the four Peninsula cities. The Homes Association deeded the parklands to the new City in 1940.

That history explains today’s split. The City owns the Parklands. The Homes Association kept the role the deed restrictions gave it: interpreting and enforcing those restrictions and appointing the Art Jury.

Art Jury and City: two approvals for one project

If you plan to build or remodel in Palos Verdes Estates, your project usually answers to two bodies with different authority. The Palos Verdes Homes Association is a nonprofit corporation. Its members are the owners of record in Palos Verdes Estates and in Miraleste, with one vote per property. Its authority comes from the protective restrictions recorded in 1923. The Art Jury it appoints has six members serving staggered three-year terms, and at least three of them are practicing architects. The Art Jury reviews the external appearance of structures and properties. That covers new construction and remodels, and also repainting, re-roofing and replacing windows and doors. In the Association’s words, no structure can be built or altered without Art Jury approval. The Art Jury’s meetings aren’t open to the public.

The City’s review is separate and public. Under the Neighborhood Compatibility process, the Planning Commission hears applications for new structures and remodels that meet the ordinance’s criteria. It looks at siting and massing. The Association describes the ordinance as placing limits on size and height beyond those in the restrictions. Neighbors within 300 feet are notified. The applicant or a noticed property owner can appeal the Commission’s decision to the City Council within fifteen days, and the Council’s decision is final. As the Association puts it, the Art Jury judges how a building looks and the City judges how it’s built. The Art Jury can’t approve a building that doesn’t conform to City codes, and the City makes no judgment on architectural appearance.

Fire hazard zones after the 2025 map

Older city documents describe the fire map differently from the current one, so the date matters. The Housing Element the City adopted in May 2024 says the entire city is in a Very High Fire Hazard Severity Zone. CAL FIRE then issued new maps for Local Responsibility Areas, dated March 24, 2025. The City Council adopted the updated zones on July 8, 2025. Every point sampled in the city is Local Responsibility Area, the class of land this map covers.

On the 2025 map the city is no longer uniform. The state layer was sampled on an even grid of 117 points inside the city limits. Of those, 39 fell in Very High, 10 in High and 13 in Moderate, and the other 55 were outside any zone. So check the class for the specific parcel in CAL FIRE’s viewer, which the City links from its fire hazard page. Don’t infer it from the city or the neighborhood.

The designation carries into a sale. Civil Code section 1102.19’s documentation and written-agreement duties apply only in two cases. One is where a local ordinance requires compliance documentation. The other is where no ordinance does, but a state, local or qualified nonprofit entity provides compliance inspections for the jurisdiction. If the seller hasn’t obtained the documentation, the parties use the statute’s written-agreement process. Without a local ordinance, the buyer’s one-year deadline also depends on an eligible inspection being available. For a home built before January 1, 2010, section 1102.6f has the seller give a notice about fire hardening. The Housing Element also records that the City bans shake roofs unless they’re Class A fire-rated, and that it runs a brush abatement program. It counts six road entrances at the city line. It also says the city participates in the Palos Verdes Peninsula Emergency Readiness evacuation plan.

Who provides services, and how they are paid for

Palos Verdes Estates runs its own police department but not its own fire department. It’s the only one of the four Peninsula cities with its own force. Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates contract jointly with the Los Angeles County Sheriff’s Department. The City provided fire service itself until 1986. That year it began contracting with Los Angeles County for fire suppression, Fire Code enforcement and paramedic service. The County staffs Station 2 at City Hall with five personnel per shift. Drinking water comes from California Water Service, a private utility. The library is a branch of the Palos Verdes Library District, a separate special district.

Funding rests partly on voter-approved taxes. The City says that of each dollar of property tax its homeowners pay, about 11 cents is returned to the City. The rest goes to the County, schools and other agencies. That share is separate from parcel taxes such as Measure E. The City also says it has very little commercial property and levies no hotel, sales or utility users taxes. It has repeatedly used voter-approved parcel taxes and assessments since the 1980s. In March 2017 voters declined to extend a fire and paramedic parcel tax, which moved the County fire contract onto the General Fund. In April 2018 they approved a nine-year special parcel tax dedicated to the Police Department. That tax, Measure E, appears on property tax bills and expires on June 30, 2027. As of September 2026 a successor, Measure PVE, is on the November 3, 2026 ballot. It’s a six-year parcel tax at a new rate that would begin when Measure E ends, and it needs a two-thirds vote. If you’re buying, confirm the election result and the parcel’s actual tax bill before closing.

Frequently Asked Questions

How many homes came on the market in Palos Verdes Estates in the past week?

Per MLS data as of November 13, 2026, Palos Verdes Estates had 3 new active listings since November 6.

How many Palos Verdes Estates homes have an accepted offer?

Palos Verdes Estates had 12 homes pending or active under contract in the MLS as of November 13, 2026. Both statuses mean the seller has accepted an offer and escrow has not closed.

What is the median asking price in Palos Verdes Estates?

The 30 homes actively listed in Palos Verdes Estates as of November 13, 2026 carried a median asking price of $5,050,000, according to the MLS.

How many months of housing supply does Palos Verdes Estates have?

Palos Verdes Estates had 2.3 months of supply as of November 13, 2026, a level the MLS figures classify as a seller's market. The number is today’s active listings divided by the monthly rate of closings over the prior 90 days.

What did homes in Palos Verdes Estates sell for in the last 30 days?

The median sale price in Palos Verdes Estates for the 30 days ending November 13, 2026 was $3,002,950, and sellers received 101.0% of final list price on average, per MLS data. With few closings in a month, one sale can move this median noticeably.

Is Palos Verdes Estates the same place as Palos Verdes or Rancho Palos Verdes?

No. Palos Verdes Estates is one of four separate cities on the Palos Verdes Peninsula. It’s the oldest, incorporated in 1939. It borders Rancho Palos Verdes, Rolling Hills Estates and Torrance, each a separate municipality. No city is named simply Palos Verdes. ZIP code 90274 is shared with other Peninsula cities, including Rolling Hills Estates and Rolling Hills.

Does Palos Verdes Estates have its own school district?

No. The city is inside the Palos Verdes Peninsula Unified School District, which also serves the other Peninsula cities. Four of its K-12 campuses are within city limits: Lunada Bay and Montemalaga elementary schools, Palos Verdes Intermediate and Palos Verdes High. Elementary and intermediate schools are assigned by address. Some city addresses are assigned to Silver Spur Elementary in Rancho Palos Verdes. For high school, district residents may choose either Palos Verdes High or Palos Verdes Peninsula High.

What is the Palos Verdes Art Jury?

It’s a six-member design review body appointed by the Palos Verdes Homes Association. It was established in 1923 under the deed restrictions recorded on the land. It reviews the exterior appearance of buildings and properties, including repainting, re-roofing and new windows and doors. The Association says nothing can be built or altered without its approval. The Art Jury is separate from the City, which runs its own Neighborhood Compatibility review through the Planning Commission.

Are short-term rentals allowed in Palos Verdes Estates?

No. The municipal code lists short-term or vacation rental as a prohibited use in both the single-family R-1 zone and the multi-family R-M zone. It separately prohibits advertising one. The code defines the term as renting all or part of a lot or dwelling to visitors for lodging for fewer than thirty days. The definition also covers renting for an event such as a wedding or party.

Is Palos Verdes Estates in a fire hazard severity zone?

Part of it is. The City Council adopted CAL FIRE’s updated Local Responsibility Area map on July 8, 2025. That map places parts of the city in Moderate, High and Very High zones and leaves other parts outside any zone. An even grid of sample points put about a third of the city in Very High. Look up the specific address in CAL FIRE’s viewer. A High or Very High designation brings a fire-hardening notice into the sale for a pre-2010 home. Defensible-space documentation applies only when Civil Code section 1102.19’s local-ordinance or inspection-provider condition is met.

Is the Portuguese Bend landslide in Palos Verdes Estates?

No. The active Portuguese Bend landslide complex is in the City of Rancho Palos Verdes, which describes it as lying on the south side of that city. Palos Verdes Estates is a different municipality on the Peninsula’s north coast. That says nothing about the ground under any particular lot. Slope and bluff conditions are still a question for a geologist on the specific property.

Who provides police and fire service in Palos Verdes Estates?

The City has its own police department, the only one among the four Peninsula cities. The other three contract jointly with the Sheriff’s Department. Fire suppression and paramedic service have come from the Los Angeles County Fire Department under contract since 1986. The County staffs Station 2 at City Hall. Part of the police budget is paid by a voter-approved special parcel tax, Measure E, that expires on June 30, 2027.

What is the ZIP code for Palos Verdes Estates?

Palos Verdes Estates uses ZIP code 90274. The same ZIP code also reaches into other Peninsula cities, including Rolling Hills Estates and Rolling Hills. A 90274 mailing address doesn’t by itself place a home inside Palos Verdes Estates city limits.

How Palos Verdes Estates Compares

Among the 12 Los Angeles areas tracked by Allan Real Estate Investments, Palos Verdes Estates ranks #2 by median active listing price.

Los Angeles market comparison · Market data as of November 13, 2026 · updated daily from the MLS
AreaMedian Price30-Day TrendActive ListingsMedian DOMSupply
Rolling Hills$5,450,000+7.1%11120 daysLow sales volume
Palos Verdes Estates$5,050,000+12.2%3032 days2.3 mo · low
Manhattan Beach$4,495,000-5.9%7127 days2.7 mo · low
Rancho Palos Verdes$2,190,000-0.2%10172 days3.4 mo · medium
Hermosa Beach$1,999,000+2.6%3342 days2.6 mo · low
Redondo Beach$1,475,000-1.6%13143 days2.7 mo · low
El Segundo$1,324,000+6.2%2469.5 days2.6 mo · low
Lomita$1,128,005+20.6%1041 days1.4 mo · low
Rolling Hills Estates$1,089,900+6.9%2970 days3.3 mo · medium
Torrance$899,000-2.1%18848 days2.6 mo · low
San Pedro$759,000-5.0%12157 days4.1 mo · medium
Harbor City$749,500+13.7%2232 days2.3 mo · low

Moving here from another county?

Homeowners 55 and older can bring their property tax base to Palos Verdes Estates

Prop 19 lets you carry your current taxable value to a home here if you buy within two years of selling.

Example

Sell a home for $1,200,000 with a $400,000 taxable value, and buy here for $1,400,000 before you sell.

With Prop 19$6,552 / yr
Without$15,390 / yr

$8,839 less a year

Palos Verdes Estates (Palos Verdes Peninsula Unified schools) rate 1.104834% (1.096334–1.104834% across the area), FY 2026-27, LA County Auditor-Controller. Estimate only.

More Properties for Sale in Palos Verdes Estates

More active Palos Verdes Estates listings from the MLS, beyond the 6 featured above. Newest first.

Show 15 more Palos Verdes Estates listings

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