Massive almost 300k price drop on one of the rarest properties in Lunada Bay! This truly one of a kind estate is a canvas for both the current residence and the future luxurious home. The current homes is move in ready with 2,490 sqft and approved plans for 6,267 sqft house. The property is a retreat into a world of elegance, comfort, and awe-inspiring vistas, situated on one of PVE’s largest and flat OCEAN/CATALINA VIEW LOT. Additional allure lies in the potential for these views to become even more magnificent with the approved plans for a large second story, and expanded first. Future homeowners will enjoy vast panoramic vistas of the ocean, creating a living experience defined by its breathtaking surroundings. Currently, the home sits move-in ready with stainless steel appliances, quartz countertops, and refinished pool with pebble tec. Live in and enjoy the home before you build or simply add on to the existing footprint! The new residence plans are for over 7,000 customizable sq ft. The future home, boasting a remarkable 6,267 sq ft of living space, is a testament to opulence and design. Additionally, the plans include a 1,260 sq ft workshop with 6 car garage, catering to an avid car collection or allowing room for various hobbies. This transformative potential makes 2901 Via Alvarado one of the most unique and desirable investments of the new year. The property's massive lot, a rarity in Palos Verdes Estates, offers both privacy and space. It includes a huge grass yard—over double the size for this neighborhood—with an abundance of room to entertain, plant a garden, add a pickleball court, or lounge by your beautiful pool. This property represents a unique opportunity: a beautiful, functional home today and the potential for a majestic, custom-designed residence tomorrow. It's a rare offering that combines present comfort with future grandeur, all set in a location known for its exclusivity and tranquility. It provides an exclusive lifestyle that blends indoor comfort with outdoor splendor. Living in Palos Verdes Estates means being part of a quiet, secluded, and affluent community, known for its amazing hiking trails, oceanfront beach club, historic golf and tennis clubs, and highly regarded public schools. This property is easy access to Terranea Resort, Golden Cove shopping center and Trump National Golf Club. If you plan on building from the start, the hard part has been completed for you. Break ground the day escrow closes.