Palos Verdes Drive South: (Area 169 in the Multiple Listing Service) is a neighborhood which stretches along the coastline from the border of San Pedro along Palos Verdes Drive South, including the Portuguese Bend area, north to Point Vicente Park and the western terminus of Hawthorne Boulevard. Palos Verdes Drive South is the principal road serving this area. Many of the homes in this area offer excellent ocean and Catalina views. The Portuguese Bend Club is in the center of this portion of the Peninsula, and is adjacent to the Portuguese Bend landslide moratorium area. Homes in the landslide area have restrictions on their ability to be expanded or renovated. The nearest shopping area for homes in the southern portion of this neighborhood is located in San Pedro. Golden Cove Center is located at the northern end at the intersection of Palos Verdes Drive South and Hawthorne and contains the Admiral Risty Restaurant, the Golden Lotus Restaurant a Montessori school, and many local services. The Wayfarers Chapel is also located in this area. Other smaller neighborhoods in this area include Abalone Cove, Ladera Linda, Vista Pacifica, Seacove, and Seabluff
Several condominium and townhouse projects are located in this area including the Ocean Terrace condominium project adjacent to the newly completed Trump National Golf Course at the southern end of the area, the Palos Verdes Bay Club condominiums and the Seahill and Coastsite townhomes, located just south of the new Terranea resort ( formerly Marineland/Long Point), and the Villa Capri townhomes located adjacent to the Golden Cove shopping center..
As of September 30, 2008, there were 17 homes for sale in the Palos Verdes Drive South area. As of September 30, 2008, the average asking price of homes in this area was $2.7 million.
For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.