$12.5 Million Is The Record-Setting Sales Price To Beat On California’s Palos Verdes Peninsula

As of early August, $12.5 million emerged as the sweet spot for record sales on Southern California’s tony Palos Verdes Peninsula. Two properties—a 6,000-square-foot estate in Palos Verdes Estates and a 10-acre hilltop residence in Rolling Hills Estates—sold for the top price in the last six months.

It’s hard to know whether the record will stand for the rest of 2023. Last year, the most expensive home on the Palos Verdes Peninsula sold for $17.1 million while in 2021, the record sale was $16.6 million, property records show.