The South Bay Real Estate BlogRecently posted or modified blog posts by tag - Costhttps://www.southbayresidential.com/blog/Copyright SouthBayResidential.com2023-08-22T11:28:26-07:00tag:southbayresidential.com,2012-09-20:29688FAQ's About Palos Verdes Estates Nestled along the picturesque coastline of Southern California, <a href="https://www.domorealestate.com/palos-verdes-estates/">Palos Verdes Estates</a> is a coveted community known for its stunning vistas, upscale living, and serene atmosphere. If you're considering making this idyllic place your home, you likely have several questions about the area. In this blog post, we'll answer some frequently asked questions about Palos Verdes Estates to help you gain a better understanding of what this enchanting locale has to offer.
Is Palos Verdes Estates Expensive?
Yes, Palos Verdes Estates is widely regarded as an affluent community with a high cost of living. Currently, the median home price point sits at $2,440,000. Home prices are significantly higher than the national average, reflecting the area's exclusivity and luxurious amenities. While the investment may be substantial, residents enjoy the benefits of a meticulously planned community, scenic beauty, and a peaceful environment that make the expenses worth considering for those seeking an upscale lifestyle.
How Big is Palos Verdes Estates?
Palos Verdes Estates covers an area of approximately 4.8 square miles, providing a cozy and close-knit atmosphere for its residents. The community is characterized by its sprawling estates, lush landscapes, and expansive ocean views that contribute to its unique charm.
What’s the Difference Between Palos Verdes Estates and Palos Verdes?
Palos Verdes Estates is just one of the four cities located on the Palos Verdes Peninsula, which also includes Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates. Each city has its own distinct character and features, but Palos Verdes Estates is particularly known for its exclusive residential neighborhoods, meticulous landscaping, and iconic Spanish-style architecture. This city is often associated with elegance and luxury living, setting it apart from its neighboring communities.
What Are the Demographics of Palos Verdes Estates?
Palos Verdes Estates has a diverse demographic profile, characterized by a mix of professionals, families, and retirees. The community attracts individuals who appreciate the natural beauty and tranquility of the area, as well as its excellent school districts. The residents tend to have higher education levels and incomes, contributing to the city's reputation as an upscale enclave.
What Is the Crime Rate In Palos Verdes Estates?
Palos Verdes Estates boasts one of the lowest crime rates in the region, making it a safe place to live. The city's commitment to community safety is reflected in its well-funded police department and proactive neighborhood watch programs. The serene and secure environment is one of the key reasons residents are drawn to this idyllic locale.
Why Do People Live In Palos Verdes Estates?
People are drawn to Palos Verdes Estates for a variety of reasons. The breathtaking coastal views, well-maintained landscapes, and tranquil ambiance create a sense of escape from the hustle and bustle of city life. The excellent school systems, strong community spirit, and abundance of outdoor recreational opportunities make it an ideal place for families. Additionally, the area's proximity to major metropolitan centers, along with its exclusivity and luxury, make Palos Verdes Estates a haven for those seeking an upscale lifestyle without sacrificing the conveniences of urban living.
Palos Verdes Estates offers an exceptional blend of luxury, natural beauty, and community spirit that continues to attract residents seeking a higher standard of living. While the cost of living may be higher, the benefits of residing in this stunning coastal community are well worth the investment for those who value serenity, security, and the finer things in life.2023-08-21T12:00:00-07:002023-08-22T11:28:26-07:00Greg Geilmantag:southbayresidential.com,2012-09-20:7489How Much is a Great View Worth?There has and always will be a debate in real estate on how much a great view is actually worth because there are many different factors involved. Some prefer to watch the waves crash from their living room and others wish to be on their deck overlooking the "Queen's Necklace" below.
<img title="Queen's Necklace View" src="https://assets.site-static.com/userfiles/1681/image/uploads/queensnecklace_750.jpg" alt="Queen's Necklace View" width="480" height="318" class="img_box_center" />
How much is a view worth? The simple answer is that it all depends. It depends on location and characteristics of the view. Most of the time when people refer to a view in the South Bay, they are either referring to an "ocean view" or a "city lights view." Putting a price tag on one of these is a bit of an art and a science. It is nearly impossible to find two identical homes, one with a view and one without.
From our knowledge of working in the South Bay for years, here are some guidelines that will help you evaluate the different types of views and how much value they add to a home. So, below we have categorized and defined 4 different view types and the prospective values it adds to a home in the <a title="South Bay Homes" href="https://www.southbayresidential.com/communities/" target="_blank">South Bay</a>. This is, of course, dependent on area, location and condition of the property as well. Is it in <a title="Torrance Homes" href="https://www.southbayresidential.com/torrance-real-estate/" target="_blank">Torrance</a> or is it on The Strand in <a title="Manhattan Beach Homes" href="https://www.southbayresidential.com/manhattan-beach-real-estate/" target="_blank">Manhattan Beach</a>? Additionally, if a view is "unobstructable," then it will call a higher price for the inherent future value.
<img title="How Much Is A View Worth?" src="https://assets.site-static.com/userfiles/1681/image/uploads/ocean-view_640.jpg" alt="How Much Is A View Worth?" width="480" height="261" class="img_box_center" />
Basic Guidelines For Valuating A View
Peek-A-Boo View ($10,000 - $30,000)
A peek-a-boo view has a sliver or small view from probably only one area of the property. This is usually something that can be overlooked if you're walking through the home quickly.
Partial View ($30,000 - $60,000)
A partial view is usually more than 50% obstructed by other buildings or structures. There is no doubt that there is a view though in this category.
Premier View ($60,000 - $150,000)
A home that has a premier view is very special indeed. Because there are only so many homes with premier views, this is where the prices really start to climb. Premier views are typically only minimally obstructed (0-20%) and have a wide field of vision.
Panoramic View ($150,000 -$500,000+)
This view is always breathtaking! Usually the words "Wow" or Oh my gawd!" are heard when you turn the corner and see it for the first time. Of course, people will argue that an unobstructable, panoramic ocean and city lights views will retrieve even more.
Whether you're buying a view or selling a view, placing a dollar figure on it can be a bit tricky. We recommend doing a deep analysis of the particulars based on location, category and condition. But one thing's for certain, once you have one, a view is truly a priceless addition to any home.
// <![CDATA[
(function() {
var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true;
po.src = 'https://apis.google.com/js/plusone.js';
var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(po, s);
})();
// ]]>
<a href="https://twitter.com/intent/tweet?url=&original_referer=" class="twitter-share-button" data-via="ggeilman" data-hashtags="southbayresidential">Tweet</a>
// <![CDATA[
!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");
// ]]>
<br /><br />Related Links
<a href="https://www.southbayresidential.com/sellers/free-market-analysis/" target="_blank">Free Home Evaluation</a>
2012-04-06T10:22:00-07:002022-09-03T06:58:47-07:00Greg Geilman