Huge $149,000 price reduction. Rare opportunity to purchase a home in the exclusive Abalone Cove development. Only 60 homes in this tract and with no direct access from PV Drive, this Street provides privacy, security and exclusivity. Built in 1954, this beautifully updated mid century modern residence has 2 fireplaces, is on the ocean side of PV Drive and is just 3 homes from the bluffs. The open floorpan provides an amazing amount of light into the all rooms. There is a large pool and patio with covered pergola all updated with Palos Verdes stone. This leads to the private backyard area with a peek-a-boo view of the ocean. There is also a side yard dog run. Large front yard with mature palm trees provides a sense of a tropical vacation retreat. 2 car garage and large front parking pad with a paver driveway. Updated kitchen, bathrooms and floors with wide plank white oak floors. This stretch of Rancho Palos Verdes is considered to have the best weather on the Peninsula. There is opportunity for expansion with preliminary plans drawn up. The Abalone Cove tract was one of the first developments in Palos Verdes and provides residents with a private gate and pathway to the Abalone Cove Shoreline Park. The park includes three different sea caves, tide pools full of sea urchins, sea anemones and starfish along with seal and dolphins sitings. Walking distance to Terranea Resort and many hiking trails. Buyer and Buyer's Agent to verify all information.