Thanks for your interest in property in Palos Verdes.
This property is currently scheduled for auction. If you notice, the price at the top notes that it is the opening bid for the auction. Auction sales are very challenging, with a lot of legal and tax ramifications. If you are considering purchasing a property at auction, I highly recommend that you speak with an experienced real estate attorney. Cash is needed at an auction, and properties at auction rarely sell for a significant discount to market value. The bank doing the foreclosing has done an analysis of the market price, and has an advantage at the auction.
Currently, there are 219 properties in Palos Verdes that are Single Family homes. They range in price from $680,000 to over $14 Million. If you see a single family home in Palos Verdes on any of the real estate websites that are lower priced than this, you are not seeing a "For Sale" price but rather an amount of a loan that the owner is in default on.
If you are interested in properties in this price range, I would be happy to sit with you and discuss options. Thanks again for your interest, PV is a truly great place to live and work!