Nestled on one of the most coveted streets in South Redondo Beach, this enchanting 1937 Spanish-style estate is historical landmark No. 10, ‘The Waller House’, according to city records. Owning a piece of Redondo Beach’s history means it is Mills Act-approved (an economic incentive program in California for the restoration and preservation of qualified historic buildings by property owners) and offers SUBSTANTIAL tax benefits/savings! From the moment you arrive, you will be captivated by the character, lush landscaping, and the 25 iconic palm trees that adorn the perimeter. Inside, you’ll discover a thoughtfully designed reverse floorplan. The lower level features four spacious bedrooms and 3 full bathrooms, as well as a comfortable living area with French doors leading to the backyard courtyard. The upper level is an open layout and showcases the main living space with a fireplace in the living room, a half bathroom, dining area, and a beautifully updated kitchen with brand new, eco-engineered countertops, bar seating, a Wolf range and Sub-Zero refrigerator. A built-in breakfast nook offers a perfect spot to enjoy your morning coffee while savoring the breathtaking, west-facing ocean views. French doors lead to a spacious patio off the kitchen, where you can BBQ (gas hookup is present!) and dine al fresco under a remote controlled retractable awning. There is also a balcony opposite the patio that looks over the resort-like backyard. The home’s interior exudes timeless elegance, highlighted by newly refinished real hardwood floors, Spanish tile on the stair risers, classic Spanish wrought iron light fixtures and skip-trowel wall texture that evokes an elevated old-world charm. The primary suite is a serene retreat with a fireplace, walk-in closet, and an attached bathroom with dual sinks, a steam shower, and a separate jetted soaking tub. A detached studio casita with its own full bathroom increases the total to five bedrooms and bathrooms. The detached two-car garage is freshly painted and carpeted and is currently set up as a rumpus room, offering endless possibilities. The backyard is magical, with mature landscaping, an in-ground hot tub/spool, a water fountain, and a cozy fireplace. It also offers exceptional privacy, making it feel like you are living in your own compound. With east-west exposure, panoramic views, and just 3.5 short blocks from the beach, the location is incredibly desirable, quiet and peaceful. Seize this rare opportunity!