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988 Via Rincon, Palos Verdes Estates, CA 90274

$4.2M5bd · 4ba · 4,191 sqft
Lot 14,625 sqft•Single Family Residence•
Active
•109d on market•MLS# SB-26142697

Property Description

Welcome to The Dream Weaver Estate, the former home of Grammy-nominated recording artist Gary Wright, best known for his multi-platinum hit "Dream Weaver." This 5-bedroom, 4-bathroom incredibly private estate sits on a corner lot of nearly 15,000 square feet in Palos Verdes Estates, with city lights, mountain, and downtown Los Angeles views from living room, dining room, kitchen, primary bedroom, and expansive primary bedroom deck. The newly remodeled kitchen features new quartz countertops, a matching quartz backsplash, updated cabinetry, stainless steel appliances, and new wide-plank flooring which runs throughout the home. Updated bathrooms, copper plumbing, fresh interior and exterior paint, along with updated light fixtures, complete the turnkey feel throughout. A standout feature is the 500+ sqft private, soundproofed recording studio, flexible enough to serve as a media room, dance studio, or creative workspace. A separate detached 3-car garage sits just off the courtyard, and a freshly resurfaced driveway. Outside, the pool anchors a backyard built for entertaining. Located within the highly desirable Palos Verdes School District, The Dreamweaver Estate sits minutes from Malaga Cove Plaza, coastal hiking trails, and the scenic drives that define Palos Verdes Estates. A rare opportunity to own a home with a story, in one of the South Bay's most sought-after communities.

Features & Amenities

FeeBuilt 1959

Property Details

Land Type
Fee
Year Built
1959
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
9
Garage Spaces
3
Heating
Central
Cooling
None
View
City Lights, Mountain(s), Panoramic
Flooring
Wood
Roof
Spanish Tile
City
Palos Verdes Estates
Zip Code
90274
County
Los Angeles
Listed byReal Brokerage Technologies, Inc., Ben Larson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$21,237.49
Principal & Interest
Loan Amount
$3,360,000
Total Interest
$4,285,495
Total Payment Over 30 Years
$7,645,495
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

988 Via Rincon, Palos Verdes Estates, CA 90274

Palos Verdes Estates · Single Family Residence

$4.2M
Luxury Tier
Beds
5
Baths
4
Sqft
4,191
Lot
14,625 sqft
Year
1959
$/Sqft
$1002
Pool: Yes✓
View: city✓
Garage: 3-car✓

Listed 7.2% below the median closed sale of $4,525,000. Price per sqft ($1,002) is a 14% discount to closed comps ($1,163). Closed comps sold at 100% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $4.20M· $1,002/sqft
Total list price
Closed comps
vs closed median $4.53M
−$325K (−7.2%)
Active comps
vs active median $3.69M
+$505K (+13.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,586
−$584 (−36.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1517 Via ArcoPalos Verdes Estates1973453,18016,839$1,129$3.59M1773
205 Via Los AltosRedondo Beach1953542,6856,693$1,376$3.69M2460
4036 Via PimaPalos Verdes Estates1955553,0879,506$1,539$4.75M1955
1400 Via MontemarPalos Verdes Estates1940341,66815,464$2,215$3.69M4153
2109 Rosita PlacePalos Verdes Estates1961442,69538,608$1,670$4.50M27551
Total: 5 · Average4.24.42,66317,422$1,585.8$4.05M75.2
Median2,695$3.69M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
900 Via NogalesPalos Verdes Estates201808/06/2026563,99516,393$4.59M$4.53M$1,1330.995489
589 Via Del MontePalos Verdes Estates196010/14/2026433,67812,233$3.75M$4.16M$1,1301.113782
2704 Via ElevadoPalos Verdes Estates201208/21/2026443,86719,379$4.60M$4.60M$1,1901.003876
412 Via AlmarPalos Verdes Estates200508/04/2026553,87510,044$5.00M$4.80M$1,2390.965173
2708 Via ElevadoPalos Verdes Estates195211/14/2025553,18414,743$3.69M$3.58M$1,1230.9712967
Total: 5 · Average4.64.63,719.814,558.4$4.33M$4.33M$1,163—61.8
Median3,867$4.53M$4.53M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.