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Storm Hill Ln

5.3 Acres of Residential Land Offered at $4,995,000 in Palos Verdes Peninsula, CA 90274

Investment Highlights

  • Sprawling ±60 acres constitute the largest contiguous residential property available in South Bay and Palos Verdes

Executive Summary

Parcel 1 (Parcel 2 & 3 listed separately): 5.3 acres The Storm Hill lots represent the pinnacle of residential land holdings on the Palos Verdes Peninsula, and indeed, across the entire South Bay region. Parcel 1 offers 5.38 mostly usable acres with outstanding unobstructable coastline/city light views. This parcel comes with conceptual house plans by the architectural firm of Pritzkat and Johnson for a 9,676 sqft, 5 bedroom, 5 bath home with a 743 sqft ADU, and pool/spa. $4,995,000

Property Facts

Price $4,995,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 5.30 AC

1 Lot Available

Lot

Price $4,995,000
Price Per AC $942,453
Lot Size 5.30 AC

Parcel 1 - 5.3 acres

Description

Parcel 1: 5.3 acres The Storm Hill lots represent the pinnacle of residential land holdings on the Palos Verdes Peninsula, and indeed, across the entire South Bay region. Parcel 1 offers 5.38 mostly usable acres with outstanding unobstructable coastline/city light views. This parcel comes with conceptual house plans by the architectural firm of Pritzkat and Johnson for a 9,676 sqft, 5 bedroom, 5 bath home with a 743 sqft ADU, and pool/spa. $10,000,00 Parcel 2: 32.35 acres The Storm Hill lots represent the pinnacle of residential land holdings on the Palos Verdes Peninsula, and indeed, across the entire South Bay region. Parcel 2 offers 32.35 mostly usable acres with outstanding unobstructable coastline/city light views. This parcel comes with conceptual house plans by the architectural firm of Pritzkat and Johnson for a 11,600sqft, 6 bedroom, 10 bath home with a 800sqft ADU, pool/spa, and 1200sqft stable. $22,000,000 Parcel 3: 21.918acres The Storm Hill lots represent the pinnacle of residential land holdings on the Palos Verdes Peninsula, and indeed, across the entire South Bay region. Parcel 3 offers 21.92 mostly usable acres with outstanding unobstructable coastline/city light views. This parcel comes with conceptual house plans by the architectural firm of Pritzkat and Johnson for a 7,500 sqft, 5 bedroom, 8 bath home with a pool/spa. The size of the house may be increased or decreased based on buyers preference. $18,000,000 Together, their sprawling ±60 acres constitute the largest contiguous residential property available, with two of the lots claiming the title of largest intact residential lot. This remarkable estate offers a once-in-a-lifetime opportunity to secure a magnificent landholding and forge an unparalleled family legacy. Nestled within the secure confines of the 24-hour guard gated city of Rolling Hills, this property offers the chance to own your own private "mountain," boasting breathtaking, unobstructed vistas of the city skyline and coastline. Whether you choose to acquire one lot or all three, the potential to craft a dream family compound awaits, conveniently located within easy reach of Downtown Los Angeles, Beverly Hills, and Santa Monica. Zoned Residential (RA-S2) and for equestrian use, this property presents the perfect canvas to realize your vision of a dream equine facility, with ample space for multiple riding rings, barns, turnouts, or even your own cross-country course. Storm Hill History: The history of the Storm Hills estate is rich with the legacy of the Storm family. Acquired by Walter Storm in 1955, the property once grazed cows before Walter envisioned building his dream home alongside a barn and expansive equestrian amenities. The family enjoyed a robust equestrian lifestyle, hosting grand cross-country events and maintaining a dedicated riding ring atop the hill. A testament to their love for the land and community, the Storm family bestowed an 8-acre park at the base of the property to the City of Rolling Hills in 1974. Rolling Hills has always held a special place in the hearts of the Storms, who still fondly recall watching hawks soaring overhead, symbolizing the enduring presence of their beloved parents overlooking their cherished hill.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 7570-024-020
  • 7570-024-021
  • 7570-024-019
Land Assessment
$15,959,177
Improvements Assessment
$0
Total Assessment
$15,959,177

zoning

Zoning Code Residential (RA-S2) (Residential (RA-S2) and for equestrian use)
Residential (RA-S2) (Residential (RA-S2) and for equestrian use)
  • Listing ID: 32005020

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: Storm Hill Ln, Palos Verdes Peninsula, CA 90274

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