Best Value! Motivated Seller $1,000,000 Price Reduction Now Offered at $5,995,000 Prime Location in Monte Malaga, the most prestigious area of Palos Verdes Estates. Just 7 minutes to Redondo Beach and 4 minutes to Peninsula Shopping Center. This rare American Georgian estate, originally built in 1981 and fully renovated in 2013, offers stunning ocean views, beautiful sunset views, and sweeping Queens Necklace coastline views. Situated on a spacious and usable 30,000 sq ft lot, the property provides ample room to add a tennis court, sport court, or golf practice green. The 6,258 sq ft home features 5 bedrooms, 7 bathrooms, an entertainment room, a private office, and a temperature-controlled wine cellar. Additional highlights include a 4-car garage, a laundry room with custom sink and cabinetry, and walnut hardwood flooring throughout. The professional chef kitchen is equipped with two Sub-Zero refrigerators, two Wolf ovens, two Miele dishwashers, dual sinks, a large marble kitchen island, a walk-in pantry, and custom cabinetry. Other notable features include a fireproof lifetime slate roof with copper rain gutters, four zoned Bryant air-conditioning units, and two water heaters with a circulation system. Outside, enjoy a resort-like backyard featuring a heated pool with Jacuzzi, an outdoor barbecue area with a wood brazier grill and gas grill, an outdoor dining area, heaters, and a built-in sound system, it perfect for entertaining. This extensively remodeled, move-in-ready luxury Oceanview estate offers the ultimate in privacy and resort-style living.