tomo logo

$7,950,000

Beds
6
Baths
7.5
sq ft
7,848

6224 Ocean Terrace Dr, Rancho Palos Verdes, CA 90275

6224 Ocean Terrace Dr

Rancho Palos Verdes, CA 90275

  • 72 days on market
    • Price drop $400,000↓
VIEW! VIEW! VIEW! THE MOST SPECTACULAR VIEWS AT THE CENTER OF THE BEAUTIFUL PV Peninsula. Enjoy Jaw Dropping Ocean & Catalina VIEWS as well as VIEWS from Los Verdes Golf Club, Terranea Resort, PV Coastline, all the way to Trump Golf Course & beyond! Millions have been poured into this extensively remodeled estate in 2021. The COASTAL LIVING PARADISE starts from the circular driveway to the porte-cochere, where you will find a welcoming reflection pool and 2 stately garages with 4 garage spaces. The grandeur continues as you cross a reception bridge with the sparkling swimming pool & spa underneath, to the striking steel pivot door that welcomes you. Once inside, you will be in awe by the stunning VIEWS from the picturesque windows and glass walls. The towering ceilings, expansive slabs of granite flooring, wood floors, sprawling marble slabs, Starphire glasses and custom cabinetry set the tone of AN EXTRAVAGANT HOME. A step-down LIVING ROOM boasts a huge fireplace and trifold doors that open to the view deck, while a large FAMILY ROOM with a wet bar and built-in entertainment center opens to the swimming pool on one side & the view deck adorned with a beautiful fountain on the other. The ocean view GOURMET KITCHEN is fitted with high end Vikings appliances & European Cabinets and served with a butler pantry, China cabinet as well as a casual dining area. Meanwhile, a FORMAL DINING ROOM adorned with built in cabinets and crystal chandelier caters to large-scale gatherings with a pool view. There are 2 BEDROOM WINGS: ONE WING is a huge PRIMARY BEDROOM EN-SUITE with sitting area and 2 walk-in closets. The en-suite luxury marble bathroom boasts a steam room, double rain forest shower, free standing tub, imported toilet from Spain and a bidet. The OTHER WING has a 2ND PRIMARY EN- SUITE with its marble bathroom and a large den/office. The 3 large BEDROOM EN-SUITES all have ample closets and marble bathrooms. In addition, there is a maid’s quarter en-suite and a huge recreation room above the garage that can be used as a guest quarter. Outside, the view deck features thick glass railings while limestone pathways, beautiful garden and an abundance of fruit trees surround the home. Come visit this One-of a Kind Modern Estate, located on a quiet Cul-De-Sac in the sought after Sea Crest Community of beautiful Palos Verdes Peninsula!

Details

Property type

Single Family Residence

Est. home value

$5,618,253

Property condition

Updated/Remodeled

Lot size

0.5227 acres

Price per sq ft

$1,013

Year built

1989

Price History

08/31/2024
CRMLS

CRMLS #PV24128183

Price change
$7,950,000
-4.79%
06/27/2024
CRMLS

CRMLS #PV24128183

Listed
$8,350,000
-0.6%
05/15/2024
CRMLS

CRMLS #RS24030316

Removed
$8,400,000

Schools & Community

Elementary school: 

Vista Grande

Middle school: 

Ridgecrest

High school: 

Peninsula

Community features: 

Golf, Suburban

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

Jpmorgan Chase Bank Na

Loan start date

August 2023

Original loan amount

$5,000,000

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Vicente Zarate and Ingrid Zarate

Lender

Axos Bank

Loan start date

April 2023

Original loan amount

$3,900,000

Est. remaining balance

Not provided

Interest rate

8.25%

Loan type

New Conventional, 30 year

Seller

Vicente Zarate and Ingrid Zarate

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?

Similar Homes Nearby

Price drop
CRMLS
$8,990,000
7 bd
|
9 ba
|
8,055 sq ft
|
House

53 Marguerite Dr, Rancho Palos Verdes, CA 90275

CRMLS
$8,990,000
6 bd
|
6 ba
|
9,932 sq ft
|
House

702 Via la Cuesta, Palos Verdes Estates, CA 90274

Price drop
CRMLS
$6,990,000
7 bd
|
5.25 ba
|
6,200 sq ft
|
House

5 Quail Ridge Rd N, Rolling Hills, CA 90274

Status: Active

Tomo last checked: 09/07/2024 at 12:45 PM

Listing updated: 09/05/2024 at 12:11 AM

Listed by: Stephen Haw, Keller Williams Palos Verdes Phone #: (310) 544-6100

MLS: CRMLS #PV24128183

CRMLS logo