Located in the heart of “The Grove” in the highly desirable and conveniently located Valmonte community of Palos Verdes Estates. This property has Planning Commission and Art Jury approved Plans, elegantly designed by Lane Build Design, to build a gorgeous, functional, approximately 3500 square foot 5 Bedroom, 4.5 Bath new home on this 7,791 square foot lot. In the interim, this home highlights a charming and quaint, 3 Bedroom, 2 Bath Courtyard home with a naturally light and bright living room featuring a warm and cozy brick fireplace, built-in bookshelf, an interior brick courtyard with a secret staircase to the backyard, dining area, functional kitchen, an additional room that could be a family room, office or fourth bedroom, two main level bedrooms, original hardwood floors, downstairs is a spacious third bedroom, laundry room, and an attached two car garage. Enjoy this home now and build later or take advantage of the seller's significant investment and close to two year process and build your Dream Home now!! Savor the Best of ALL Worlds and the wonderful Valmonte lifestyle, whether riding bikes or strolling along the ocean, hiking on one of the local trails with spectacular views, fun and sun at the local beaches, or at the PV Golf Club, PV Beach and Athletic Club, PV Tennis Club, dining or shopping in Malaga Cove, Lunada Bay or Hollywood Riviera, this quintessential charmer and special community is truly Southern California living at it's Finest!!