About This Home

This 3-bedroom, 3-bathroom single family at 1 Park Place in Rancho Palos Verdes, CA is listed for $3,299,000 ($1,109 per sqft). Built in 1983, the home offers 2,976 sqft of living space on a 0.59 acres lot.

Key Features

  • Built in 1983
  • 0.59 acre lot
  • 2 parking spaces
  • Private pool
  • Fireplace

Property Details

1 story
1 full
2-car garage
1983

Amenities

PoolFireplaceViewSpaA/C
Listing Description

A truly one-of-a-kind Octagonal Oasis awaits, offering a storied past, unmistakable architecture, and a breathtaking coastal setting. Far more than a home, it is a rare opportunity to own a piece of local history and carry its remarkable story into the next chapter.

Originally built in 1983 by and for the Burrell family, this extraordinary residence was thoughtfully designed to maximize the spectacular coastal views from its hand-selected location. Perched above the famed Villa Narcissa Estate, built in 1926 for Frank A.

Vanderlip Sr., the property occupies a distinctive place in the history of this iconic coastal community. In the 1970s, the Burrell family privately purchased this parcel from the Vanderlip family, later subdividing it into 11 lots and transforming the former Radar Towers into what is now Del Cerro Park.

True to its name, the home's distinctive architecture is defined by five octagonal rooms that flow seamlessly from one to the next, creating a uniquely sculptural and connected living experience. In 1997, the Olson family acquired the residence and continued its distinctive architectural legacy, adding an octagon-shaped pool and spa in 2002.

A bonus L-shaped room was also added during the renovation, providing additional flexibility and living space. Today, the Octagonal Oasis stands as a singular expression of design, history, and coastal living-a home with a story unlike any other, ready for its next chapter.

Monthly Cost Estimate

$17,744/mo

20% down · 6.5% · 30 years

Principal$2,386
Interest$14,296
Insurance$962
HOA$100

Estimates only. Actual payments may vary.

Location

1 Park Place

Rancho Palos Verdes, CA 90275

Features & Amenities

Exterior Features

Rain Gutters

Property Details

Flooring

TileWood

Views

Ocean

Pool Features

Pool

Parking

GarageDriveway

Heating

Central

Cooling

Central Air

Appliances

RefrigeratorDishwasherElectric Cooktop

Questions & Answers

This 3-bedroom, 3-bathroom single family at 1 Park Place is listed at $3,299,000 ($1,109/sqft). The estimated monthly payment is $17,744 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $100/month.

Key features include: Built in 1983, 0.59 acre lot, 2 parking spaces, Private pool, Fireplace. Exterior Features: Rain Gutters.

This property is listed by Joe Alessi.

JA

Joe Alessi

License 01844404

Agent at Estate Properties

Listed by Estate Properties · Broker phone: (310) 378-9494 · Broker website

MLS# PV26156102· Source: California Regional Multiple Listing Service, Inc· 49 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1 Park Place, Rancho Palos Verdes, CA 90275

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