Rancho Palos Verdes, CA Real Estate News

By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Centrally located and near the top of the Palos Verdes Peninsula, the La Cresta community of Rancho Palos Verdes offers a variety of view homes and easy access off and on the hill.  November 2008 real estate statistics for the La Cresta neighborhood in Rancho Palos Verdes: Active Listings:  15 homes are for sale priced from $1,149,000 to $2,975,000. Pending Sales:  4 homes are in escrow priced from $1,400,000 to $2,225,000. Nov. Sales:  1 home closed escrow for $2,087,500.   For more information on buying or selling a home on the Palos Verdes Peninsula contact Norma Toering & Team at 310.493.8333.   Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Esta...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Here are the November 2008 real estate statistics for the Country Club neighborhood in Rancho Palos Verdes, California:   Active Listings:  11 homes are currently for sale priced from $1,200,000 to $3,875,000. Pending Sales:  1 property is currently in escrow listed for $1,299,000. November Sales:  1 property closed escrow for $1,400,000. If you would like more information about the Country Club area it will be my pleasure to provide it.   Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Find Nor...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
A driving tour of the Palos Verdes Peninsula will take you through the heart of the Palos Verdes Drive West neighborhood.  Palos Verdes Drive circles the Palos Verdes Peninsula and offers wonderful views of LA Harbor, Catalina Island, Pacific Ocean, spectacular coastline views and city lights.  If you only have an hour to see the area, my suggestion is take 'The Drive' around the Peninsula.  You'll want to return for a sunset or two.   Palos Verdes Dr. West real estate statistics for November 2008: Active Listings:  13 homes are currently listed for sale priced from $1,074,900 to $6,280,000. Pending Sales:  2 homes are in escrow priced from $1,099,000 to $1,149,000. Nov. Sales:  2 homes closed escrow priced at $2,050,000 and $2,250,000.     Whether you're selling your Palos Verdes Drive...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Donald Trump has sued the City of Rancho Palos Verdes for the sum of $100 million accusing the City of fraud and civil rights violations alleging that the City has prevented him from making ceretain improvements to the Trump National Golf Course which he feels is needed to maintain the "Trump Image". The main allegation included in his lawsuit is that the City forced him to obtain numerous extensive geological studies in order to build homes adjacent to the Golf Course which Mr. Trump believes were unncecessary and were only done to exact large fees from him. The problem with Mr. Trump is that he believes that the rules that everybody else plays by are not written to include him. The best example of this was when he erected an over-sized American Flag which did not comply with city ordi...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
On Wednesday December 17th, the California State Supreme Court denied the City of Rancho Palos Verdes appeal of the Appelate Court's decision allowing homeowners in the Portuguest Bend landslide moratorium zones the right to develop their properties. Said RPV Mayor Larry Clark, "We are quite disappointed that the Supreme Court did not take this case. The city's position has been that we cannot allow development in a landslide hazard zone unless the property owner can prove that it would be safe to do so. The Court of Appeal has now said the city cannot do that without paying compensation to the property owner." Portuguese Bend Landslide area, with Livingston Quarry at Ladera Linda in upper center Councilman Douglas Stern, an attorney, stated, "The City Council will have to determine wha...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Rancho Palos Verdes Planning Commission last Thursday approved the redesigned Trader Joe's store proposed for the Golden Cove Shopping Center at the corner of Hawthorne Boulevard and Palos Verdes Drive South, at the previous location of the Golden Lotus Restaurant. The new design reduces the planned height of the 11,000 sq. ft. store from the previous 38 feet to a height of approx. 26 ft. 3 inches, and reduced the size of the planned store from the previous design of 16,000 sq. ft. The new store is planned to be approx. the same size as the current Trader Joes in Riviera Village and Rolling Hills Plaza. The Rancho Palos Verdes City Council still needs to approve the store, but is expected to approve the revised plans. Construction is expected to start during the summer of 2009 in or...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Last night, the Rancho Palos Verdes City Council approved, by a 3 to zero vote to approve the expansion plans as modified for the St. John Fisher Catholic  Church on the corner of Crenshaw and Crest Roads in Rancho Palos Verdes. The new expansion plans include  a new 17,000 sq. ft. main sanctuary with a 74 foot lighted cross.  Picture of model by Steve McCrank/Staff Photographer for the Daily Breeze The church will also refurbish the current sanctuary into an athletic and activities center as part of the $20 million project. Many local neighbors had raised questions about the size and location of the new sanctuary claiming that it was too imposing of a structure at the corner of Crenshaw and Crest. It is not known at this time whether these neighbors might file a lawsuit appealing the C...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
I've been following the listing and sales in the Palos Verdes Drive South neighborhood with added interest (although it's always been one of my favorite areas), since I have an upcoming listing in the neighborhood.  It's too soon to discuss it, but it has a great view and the house is shaping up nicely too.   Palos Verdes Drive South real estate statistics for November 2008: Active Listings:  12 single family homes are for sale priced from $950,000 to $6,900,000. Pending Sales:  2 homes are in escrow priced at $999,000 and $1,639,000. November Sales:  1 home closed escrow at $1,525,000.   There's lots happening on the south side of the Palos Verdes Peninsula.  If you would like a tour of the Palos Verdes Drive South area call Norma Toering & Team at 310.493.8333.       Terranea Resort, ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Blessed with an outstanding elementary school within walking distance of most of the homes in the Mira Catalina neighborhood, and a college campus that brings cultural events to the community, Mira Catalina is a popular choice for Rancho Palos Verdes residents.   Mira Catalina real estate statistics for November 2008: Active Listings: 7 homes are listed for sale priced from $995,000 to $3,399,000. Pending Sales: 1 property is in escrow listed for $1,195,000. November Sales:  0 homes sold.   For a tour of Mira Catalina homes call Norma Toering & Team at 310.493.8333. Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Wealth is created for the masses when real estate values are on the rise.  Fortunes are built by the few when the real estate market is tanking.   Donald Trump swooped in and stole purchased an oceanfront golf course in Rancho Palos Verdes, California after a sink hole swallowed the 18th hole.  While the previous owners spent months and millions correcting the problem the project came to a grinding halt, and creditors were soon knocking at the original developer's door.  Enter The Donald.    The savvy bankers knew who to call to the rescue. As a shameless, self-proclaimed savvy real estate agent I'm following those bankers' example. Here's the first group of clients I'm calling: Residential Income Property Investors:  Yesterday I sent listings of bank owned residential income properties...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
One of best things about living on the Palos Verdes Peninsula are the spectacular views.  The Palos Verdes Drive East area has wonderful views of the Los Angles Harbor and breathtaking view of the Los Angeles sprawl.  The twinkling lights are a year round nightime delight.   Palos Verdes Dr. East real estate statistics for November 2008: Active Listings:  21 homes are currently for sale priced from $849,000 to $3,400,000. Pending Sales:  6 homes are in escrow priced from $815,000 to $1,059,000. November Sales:  2 homes closed escrow priced at $950,000 and $1,295,000.   For information on view homes in the Palos Verdes Drive East neighborhood call Norma Toering & Team at 310.493.8333. Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay L...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Marineland of the Pacific, which opened in 1954, for many years provided the primary tourist attraction in Rancho Palos Verdes. The attractions of Marineland included the 320-foot Skytower soaring into the blue ocean-side sky at the park's entrance, the splashy acrobatics of Orky and Corky the killer whales, Bubbles the pilot whale, and snorkeling the curved, faux-rocky recesses of Baja Reef amid rainbows of tropical fish. Marineland was only the second oceanarium in the United States when it opened to the public Aug. 28, 1954. The first was Marine Studios in Florida, which was originally built to photograph animals and simulate the ocean for motion pictures -- but soon became a major tourist attraction.Marineland's first owner, Oceanarium Inc., owned by investment banker Henry Harris, ...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
I made the most delicious Boulabaise last night for my family, and it really is very simple to do. Bouilabaise is really just a fish stew, and you can be creative as to the fish or shell fish that you add to it. Ingrediants: 1/4 cup olive oil 1 cup chopped onions 3 slices garlic, finely minced 1 can (16 oz.) stewed tomatores, chopped 2 cups tomato juice 3 cups clam juice 1 Tbsp. dried parsley flake 1/4 tsp. dried basil 1 tsp. thyme flakes 2 tsp. sugar pinch of saffron pinch of tumeric salt and pepper 1/2 cup white wine (Chablis or Chenin Blanc ) 2 pounds of red snapper or halibut fillets, cut into pieces varying from 1 to 2 inches 1.5 pounds of assorted shellfish such as whole clams, crab, shrimp, or lobster Optional:  2-3 potatoes, cooked and sliced  Combine ingrediants, except the fis...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The City of Rancho Palos Verdes has begun a temporary program to provide "amnesty" to those residents who have had certain types of construction work performed on their homes without obtaining the required permits. The program, which began December 1st and will continue through May 3rd next year provides a mechanism for approval of certain types of work, such as re-roofing, small additions and pool installation that have already been completed with the City's required permits. The program will waive the penalty fees normally associated with "after-the-fact" approval os such projects which are twice the regular permit fees for the job. Property owners will only have to pay the regular permit fees normally charged. The work completed will have to comply with building codes and will requir...
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On December 1st, several RE/MAX Realtors were invited to visit Terranea Resort in Rancho Palos Verdes.  The resort is scheduled for completion around June 2009 and some of the features are:  400 Room hotel comprised of luxurious Guest Rooms and Suites and 20 two-bedroom Ocean Bungalows 82 Spacious two and three bedroom Villas and Casitas 25,000 Square foot Montage spa and fitness center Three swimming pools Signature gourmet restaurant and casual all-day dining + the Point Bar 75,000 Square feet of outdoor event space Boutique resort shops and full concierge services Children's Center and Nature Concierge 60,000 Square feet of meeting and event space including an 18,000 square foot ballroom The Casitas and Golf Course Villas are for sale : The Villas range in price from $2.55 million -$...
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By Kathy Tyndall, EPRO Realtor
(RE/MAX Estate Properties)
Just posted today, there is a new temporary program started in the Planning and Building Departments of Rancho Palos Verdes In order to encourage property owners to obtain the necessary Planning approvals and/or building permits for improvements done without such approvals and permits, the City Council has approved a temporary program that will allow property owners to file applications with the City to obtain “after-the-fact” approval for certain improvements completed on their property without paying the required penalty fees. Penalty fees for “after-the-fact” work are normally two times the regular fees for Planning permits and three times the regular fees for building permits. Specifically, from December 1, 2008 through May 3, 2009 residents can contact the Planning and Building and...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
In 1960, General Telephone and Great Lakes Property Inc. (which owned thousands of acres of land on the Palos Verdes Peninsula, purchased from Frank Vanderlip, Jr. and the Palos Verdes Corporation in 1953) proposed a 400 acre "campuslike science center" near the intersection of Hawthorne Boulevard and Crest Road in Rolling Hills Estates. They spent $250,000 on glossy ads for the "Palos Verdes Research Park" (see ad below). This General Telephone ad was from "Harpers Magazine" July 1961, inside back cover.  Ad courtesy of Ed Sharpe Director/Archivist for SMECC and RHHS (now Peninsula High) Class of '70  (Del Cerro) - www.smecc.orgThe first tenant was Nortronics division of Northrop Corp., which planned a 100 acre development. When the developers tried to get the county to relax zoning st...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
An outdoor skating rink at the Seaside lagoon in Redondo Beach debuted this week. The rink is planned to be operational through January 11th, including Christmas Day and New Years Day. Planned activities include a weekly screening of a Disney movie, skating exhibitions, and food and hot chocolate available. Santa Claus is expected on November 28th through Christmas Day as well.  Photo by Wally Skalij / Los Angeles Times For more about recreational opportunities in the South Bay of Los Angeles, visit my website at http://www.maureenmegowan.com   
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The following is an excerpt from the PVP watch newletter dated November 23, 2008: "November 21st, RPV Councilman Tom Long distributed his Newsletter making reference to an item now pending before the RPV Council; the appeal of Saint John Fisher Church's desire to modernize the church facility. In this instance, Councilman Long seems right on target when he states "Our actions border on abuse of power" and that the Council's actions are "design by hearing." Apparently Councilman Larry Clark has a new expression "de novo," let's start over. Why start over? The planning commission approved the project. There is history of testimony & submissions. Should the Council's actions be to start over thus becoming the Planning Commission, or should the Council's responsibility be to judge the merit...
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By Kathy Tyndall, EPRO Realtor
(RE/MAX Estate Properties)
Everyone is at the grocery store. Trust me. I know this because I was there myself yesterday and had to fight my way to the check out line.  Thanksgiving and the holidays have taken hold on the population in a big way. Perhaps it's because people are aching for something positive in their lives after the deluge of terrible news we have had in the past two months.  The holidays offer wonderful escapism for a depressed populous. Locally, the real estate market has slowed to a snail's pace.  While we have lots of qualified buyers, they are, for the most part, sitting on the sidelines waiting for something to happen.  Personally, I think this is a big mistake.  Unless someone enjoys the herd mentality, now might be the best time ever to buy a home.  Since no one else is too motivated to wri...
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