The Lunada Bay area is divided into the areas of Upper Lunada (from a few streets above Palos Verdes Drive) & Lower Lunada (below Palos Verdes Drive).
Upper Lunada is known for spectacular ocean views and topography characterized by rolling hills and ravines. Upper Lunada Bay is the home to Palos Verdes Intermediate School (formerly known as “Margate”) and Espinoza Circle (land of the peacocks).
Lower Lunada frequently does not have views but is often within walking distance of the Palos Verdes Beach Club access road. Palos Verdes High School is in the Lower Lunada area, as are Lunada Bay elementary and Margate intermediate schools, making this a favorite family area.
“Elite Streets” in Lower Lunada include Paseo Del Mar, characterized by multi-million dollar cliffside mansions with panoramic ocean ciews from Catalina to Malibu, and Rocky Point, an enclave of primarily single story homes on flat lots with cliffside homes enjoying panoramic ocean views .
The area is almost all Single family homes primarily with lot sizes from 6000 to 30,000 square feet (frequently not all flat!) Recent sales range from $1.0 to $7.5M, with averages well over $2.0 M. This area is one of the favorite areas of Palos Verdes Estates due to large lots and beautiful views, especially along Paseo Del Mar.
Here are all the MLS listings in Lunada Bay of homes for sale: