1 Park Place

Off Market

1 Park Place

Rancho Palos Verdes CA 90275

2976 sq. ft.

25917 sq. ft.

Single-Family

Last sold for $3,200,000

Joe Alessi, last sold this property on 06 November 2026 after 55 days on market.

Overview

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.

Features

3 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

2976 sq. ft. floor area

25917 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Rancho Palos Verdes over the last 12 months, the estimated median property value of 1 Park Place is $1.61m.

Median value

$1.61m

Estimated value range

$905k - $3.5m

Median days on market

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Rancho Palos Verdes. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 Park Place

2026

Sold

$3,200,000

06 Nov 2026 by Joe Alessi, of ESTATE PROPERTIES

Happy sellers in Rancho Palos Verdes

We have insufficient information to provide an overview of customer satisfaction for Rancho Palos Verdes. Viewing the agent profiles, reviews and sales for Rancho Palos Verdes can provide insights for this location.

Local market activity for 3 bedroom single-family properties in Rancho Palos Verdes

In the last 12 months, 84 three-bedroom single-family properties similar to 1 Park Place, have been sold.

This represents a 13% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Rancho Palos Verdes for a market analysis.

Stephen Haw

at Keller Williams Palos Verdes

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at Vista Sotheby's International Realty

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Richard Green

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Nearby agents

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Stephen Haw

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