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$29,750,000

Beds
7
Baths
9.5
sq ft
12,472

245 Rocky Point Rd, Palos Verdes Estates, CA 90274

245 Rocky Point Rd

Palos Verdes Estates, CA 90274

  • 17 days on market
Perched on the westernmost edge of a pristine bluff in Palos Verdes Estates, this expansive compound spans over 1.15 acres of lush coastal terrain, offering breathtaking 180-degree views of the California coastline. This property offers a rare opportunity for discerning buyers seeking unparalleled luxury and seclusion along the Southern California coast. Renowned interior designer Tim Clarke meticulously curated this residence, blending stone and plaster to harmonize effortlessly with its natural surroundings. Tucked behind private gates, the estate exudes warmth and sophistication, seamlessly merging comfort with exquisite design to create an extraordinary coastal retreat. Throughout the home, fully retractable sliding doors erase the boundaries between indoor and outdoor living. The chef’s kitchen is a masterpiece, featuring French limestone countertops sourced from the ancient Massangis quarry, a Wolf six-burner stove, a gracefully patinated copper sink and Waterworks fixtures. Reclaimed wood-beamed ceilings, French white oak and limestone floors, Roman clay plaster walls, vintage Italian chandeliers and antique French fireplace mantels lend timeless elegance while ensuring contemporary comfort. The primary suite offers sweeping ocean vistas through disappearing doors, an outdoor spa, a spa-like ensuite bath and a custom-designed walk-in closet. Landscape architect Art Luna’s masterful design seamlessly integrates the coastal habitat with the natural beauty of the property. Sprawling lawns, limestone hardscaping and pergolas frame the pool and spa, crafting an enchanting outdoor sanctuary that celebrates the stunning surroundings. A guest house and entertainment pavilion elevate the estate’s luxurious appeal, featuring a custom indoor Italian grill, an oversized dining area and multiple seating spaces flowing effortlessly toward the pool and spa. Completing this idyllic retreat are two well-appointed bedrooms, three and a half baths, a state-of-the-art gym, a secured wine cellar and a refined home office.This extraordinary estate represents a once-in-a-lifetime opportunity to experience the pinnacle of coastal living.

Details

Property type

Single Family Residence

Est. home value

$11,563,761

Lot size

1.1533 acres

Price per sq ft

$2,386

Year built

2016

HOA

No

Price History

03/18/2025
CRMLS

CRMLS #SB25059235

Listed
$29,750,000
12/05/2024
CRMLS

CRMLS #SB23170243

Removed
$29,750,000
06/27/2024
CRMLS

CRMLS #SB23170243

Price change
$29,750,000
-15%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Palos Verdes Peninsula Unified

Negotiation Insights

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

Seller could get up to

$23,210,147
Asking price
$29,750,000
Closing costs (~8% of asking)
-$2,380,000
Est. remaining loan balance
-$4,159,853
Cash to seller
$23,210,147

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

January 2017

Original loan amount

$5,000,000

Est. remaining balance

$4,159,853

Interest rate

3.94%

Loan type

New Conventional, 30 year

Seller

Timothy D Armour and Del Mar Trust

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?

Status: Active

Tomo last checked: 04/03/2025 at 5:45 PM

Listing updated: 03/20/2025 at 7:05 AM

Listed by: Brittney Austin, Vista Sotheby’s International Realty Phone #: (310) 546-7611

MLS: CRMLS #SB25059235

CRMLS logo