tomo logo

$7,250,000

Beds
7
Baths
7.0
sq ft
11,686

2 Pine Tree Ln, Rolling Hills, CA 90274

2 Pine Tree Ln

Rolling Hills, CA 90274

  • 18 days on market
Rare, unique, once-in-a-decade opportunity to purchase a prime residence the gated community of Rolling Hills and either finish the remodeling that was started, with over $1,000,000 in paid-for-and-purchased finishes, fixtures, cabinets, appliances, doors, and miscellaneous inventory OR use some of what's already here and customize to suit specific wants and needs. Either way, it's a sizzling summer deal in the Rolling Hills real estate landscape. And what a site! This unfinished 7BR/6BA 11,686 sq.ft. 2-story (which is "grandfathered," but no others will be allowed to be built in the Community) Ranch-style home is bursting with unobstructed views of the Pacific Ocean, The Queen's Necklace coastline up to Malibu and even downtown Los Angeles' sparkling skyline. Also outside is a knife's edge infinity lap pool, bubbling spa, pickle ball court, croquet/sports lawn, and meandering pathways through the 2.63 acre (114,584 sq.ft.) lot. A circular motor court provides party-scale parking off-street. And if you aren't spent after doing laps, beating your pickle ball opponents, and hiking around your own park-like grounds, head inside for a regulation sized round of racquetball in air-conditioned comfort. Existing plans for the interiors include a home theater, gym, grand primary suite with a spa-like bathroom and boutique-sized walk-in closet. Architectural plans and HOA approvals are ready to be passed along. Specs on plumbing, lighting, cabinets, appliances, and finishes are all available - and the vast majority of items are already purchased and on-site. Spreadsheets and inventory lists can be made available to buyers who provide listing agent proof of funds to close. Rolling Hills, originally conceived by developer A. E. Hinton who headed the Palisades Development Co. Hinton once said, "Open space is an irreplaceable asset." And on over 2.5 acres, it couldn't be more true than at 2 Pine Tree Lane. Bring your contractor and get started today!

Details

Property type

Single Family Residence

Est. home value

$9,504,263

Property condition

Under Construction

Lot size

2.631 acres

Price per sq ft

$621

Year built

1985

Monthly HOA fee

$1,208.33

Price History

10/15/2024
CLAW

CLAW #24453363

Listed
$7,250,000
-9.32%
06/14/2024
CLAW

CLAW #23327895

Removed
$7,995,000
05/03/2024
CLAW

CLAW #23327895

Price change
$7,995,000
-11.12%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Palos Verdes Peninsula Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Db Private Wealth Mortgage Ltd

Loan start date

April 2009

Original loan amount

$4,000,000

Est. remaining balance

Not provided

Interest rate

4.95%

Loan type

Not Provided, 30 year

Seller

Guido A Rietdyk and Sophie F Rietdyk

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/03/2024 at 6:05 AM

Listing updated: 10/23/2024 at 8:10 AM

Listed by: Jeff Yarbrough, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24453363

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