2 months on rocket

6224 Ocean Terrace Dr, Rancho Palos Verdes, CA, 90275

$8,400,000

7 Bedrooms
8 Full Baths, 1 Partial
7,848 SqFt
$1,070/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
Attached Garage4 spaces
Year Built1989
HeatingCentral
CoolingCentral Air
FireplaceFamily Room, Living Room
ViewBluff, Island, Other, Golf Course, Ocean, Panoramic
Private PoolYes
MLS #RS24030316
Lot Size0.52 Acres
StatusActive

About 6224 Ocean Terrace Dr

6224 Ocean Terrace Drive…. High on the hills with awe inspiring ocean and Catalina Island vistas… Prestigiously set on a private gated lot within the coveted Sea Crest community of Rancho Palos Verdes on the Palos Verdes Peninsula. This absolutely stunning 7 bedroom, 8 1/2 bath home of Starphire and glass walled architectural intrigue and breathtaking visual freedom is truly a Southern California “Dream Home” blending estate like splendor and relaxed coastal living, complete with a sparkling pool and spa, a gym, TWO separate 2-car garages (for a total of 4 garage spaces) plus a motor court that encircles a dramatic reflection pool, and incredible trifold window walls of imported glass imported specially from Germany affording ocean views “second to none”! You feel the artistic energy and embracing natural warmth… even as you’re crossing the reception bridge above the pool… but especially as you enter through the pivoting door to the grand foyer galleria. A disappearing wall of glass opens the living room to the expansive multilevel ocean view terraces. The exquisite ocean view gourmet kitchen with Viking appliances and a butler pantry enjoys a seamless flow with the amazing fireside family room opening to the hidden garden lagoon pool plaza. All of the bedrooms and bathrooms are tastefully detailed… and the primary suite is “FIVE-STAR” in spaciousness and luxury including a walk-in wardrobe room, a resort-like bathroom with a special steam shower, a separate multi-fixture Shower “room” plus a bidet and a private toilet room. A separate additional recreation/ entertainment room with ensuite could also be guest living quarters. Whether you’re throwing a world class party or wedding celebration… or just watching the sun go down… this is Southern California Coastal living at its best!! Terranea is just down the road… but once you’ve escaped to your own piece of paradise… you won’t want to leave home… on Ocean Terrace Drive… at Sea Crest!

Property Details

Property Features

Property Information:

  • Year Built: 1989
  • Stories: 2
  • Living Area: 7,848 SqFt

Listing Office:

  • Office Name: Century 21 On Target
  • Office Email: raquel@century21ontarget.com
  • Listing Agent: Raquel Cavanaugh

Interior Features

Interior Information:

  • Interior: Primary Suite
  • Fireplace: Family Room, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 8
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Bluff, Island, Other, Golf Course, Ocean, Panoramic

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.52 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Crest Road to Highridge Road, right on Ocean Terrace Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,400,000
  • Price Per SqFt: $1,070/SqFt

Tax Information:

  • Annual Amount: $48,739
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rancho Palos Verdes, CA.

Med. Sold Price

$1.7M

Med. Price/SqFt

$787

Avg. Days On Market

33

# of Sold Homes

25

6224 Ocean Terrace Dr vs Rancho Palos Verdes

74 DAYS ON ROCKET

+41 Days

$8,400,000

+$6.6M More

$1,070/SqFt

+$283 More

KEY TAKEAWAY

This property is $6.6M more than the Median Sold Price and $283/SqFt more than other homes in Rancho Palos Verdes, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #RS24030316

Listing Office:

  • Office Name: Century 21 On Target
  • Office Email: raquel@century21ontarget.com
  • Listing Agent: Raquel Cavanaugh

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 16, 2021Home Sold
$4,250,000
Nov 23, 1993Home Sold
$1,187,000

Tax History

YEARPROP. TAXASSESSMENT
2021$48,739$4,401,283
2020$46,582$4,356,154
2019$31,098$4,270,740
2018$30,464$2,778,492
2017$30,464$2,724,013

History based on county public records data.

Payment Calculator

$41.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$25.2K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2232445
8
/10
  • Point Vicente Elementary School

  • 30540 Rue De La Pierre

  • 1.32 miles

  • Public District Grades KG-5

school-card-donut-2232446
9
/10
  • Vista Grande Elementary School

  • 7032 Purple Ridge Dr

  • 1.47 miles

  • Public District Grades KG-5

school-card-donut-2232447
10
/10
  • Soleado Elementary School

  • 27800 Longhill Dr

  • 1.68 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $145,055. The most common annual income of people living in Rancho Palos Verdes, CA is $200k+. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6224 Ocean Terrace Dr

What is the listing price of this property?

The listing price of 6224 Ocean Terrace Dr property is $8,400,000.

What type of property is this?

The property 6224 Ocean Terrace Dr is a house located in Rancho Palos Verdes, California, 90275.

Is this property for sale now?

Active Listing: 6224 Ocean Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $48,739 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 16, 2021 for $4,250,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 6224 Ocean Terrace Dr has 7 bedrooms and 8 full and 1 half bathrooms.

What is the square footage of this property?

The property 6224 Ocean Terrace Dr is 7,848 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 6224 Ocean Terrace Dr is 1989.
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Rocket HomesCaliforniaLos Angeles CountyRancho Palos Verdes902756224 Ocean Terrace Dr

This home is located at 6224 Ocean Terrace Dr in Rancho Palos Verdes, CA and zip code 90275 in the La Cresta neighborhood. This 7,848 square foot home, which was built in 1989, sits on a 0.52 acre lot. Features: 7 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since February 14, 2024 and is currently priced at $8,400,000.

While more than 15 listings in Rancho Palos Verdes, CA in March 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 9 were sold below. The inventory of homes for sale in Rancho Palos Verdes, CA between February 2024 and March 2024 increased by 19.6%. While the average time on the market in March 2024 was 33 days, the median list price was $1,715,154.

From Rocket Homes Real Estate and based on county public records data.

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