Massive Sales Price of $22,650,000 at 417 Paseo De La Playa in the Hollywood Riviera
Doubling the highest home sales price we’ve ever seen in the Hollywood Riviera, Torrance, or Redondo Beach, the sale at 417 Paseo De La Playa was fairly incredible. Listed at a cool $25,000,000 by Chris Adlam of Vista Sotheby’s International Realty, the home closed escrow in in February for $22,650,000. While the price is staggering for this are of the South Bay, there’s no disputing that the home (s) was pretty incredible. The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale. What also made this once in a lifetyme property unique is the beach access. It can take years to go through the California coastal process of trying to get beach access and it’s often denied. In this case there’s not only beach access but a private volleyball court! Paseo De La Playa is the bluff front street that comes up from Torrance Beach and ends at the beginning of Palos Verdes. This oceanfront street offers some of the best views in all of the South Bay.
Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.
With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.
