Rancho Palos Verdes $4.775M estate has price tag chopped by $775,000

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Built in 1994 and designed by celebrated ‘international’ architect Joe Addo, the 5-bedroom 7-bathroom mansion was first put up for sale in 2012 for $5.5 million and this month it has been re-listed for less.

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This 7,315 sq/ft estate sprawling on a little less than half acre on Crest Road is listed for $4.775 million.  Seated on 102 acres along the breeze-swept Palos Verdes Peninsula, California, the resort of Rancho Palos Verdes boasts luxury homes galore, stunning panoramas as well as a wide range of entertainment opportunities.

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What makes the residence stand out are the “clean architectural lines and the “exposed structural steel” and it features open living spaces such as family room, library rooms, formal dining room and a master suite. Additional amenities include fully fitted indoor/outdoor gym, gourmet kitchen, dry sauna, laundry room, circular massage room, office recess, elevator, jacuzzi, a detached guest house, roof decks and sprawling yards. The floor-to-ceiling glass-walled home offers all around views of Los Angeles and the Pacific Ocean.

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