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 Queen¡¯s 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.