February 15th, 2020
In this blog post I will provide you a “one stop” site that will update live every time you visit with all the vacant lots in Palos Verdes for sale at the time you enter the link. But first let’s talk about how many vacant lots there are left in the Palos Verdes area and what might be a better alternative for you. Either way, at the end of this post is a list of some architects and contractors you could consult with
Putting the numbers in perspective, there are about 25,000 households on the Peninsula. And as far as vacant lots in Palos Verdes there are at the time of this blog post writing…
- 15 in Palos Verdes Estates
- 214 in Rancho Palos Verdes
- 11 in Rolling Hills
- 3 in Rolling Hills Estates
As you might know, building codes have changed over the years and current earthquake codes and how the issue of fill is handled is much different than it was when homes were built at the time most homes in Palos Verdes were built. If you think about it, the lots that are already built out with existing homes, are lots and tracts where construction was easier, in most cases. Remember, we are a hilly community and the more severe the slope, the more expensive Palos Verdes construction costs are. Many of the lots vacant lots in Palos Verdes that exist today are so sloped that you might expect to pay $300,000 – $700,000 or more in foundation costs before you even start building anything above ground!
Talking with local builders, new construction in Palos Verdes could cost anywhere from $300/sqft to well over $400/sqft. And it might be worth it to you to do this especially when often with a severe slope, comes a tremendous panoramic view.
On the other hand, many of my clients that first approach me about finding them vacant lots in Palos Verdes, realize that it might be much more cost effective to find a junker house in the neighborhood they like and take it to the studs with heavy renovation. The costs involved here are about a third as much as new construction; on the order of $70/sqft – $125/sqft.
Like with all home purchases, there is no perfect answer or outcome – as a buyer you have to weigh the pros and cons and decide what’s best for you. So here’s the site to begin to your journey on your search
|Pritzkat & Johnson
|Luis De Moraes