Quarter Ponies for Sale near Palos Verdes Estates, CA

About Palos Verdes Estates, CA

Palos Verdes Estates was established as a subdivision in 1923, with 3,200 acres (1,300 ha) carved out of the former Rancho Palos Verdes property of over 16,000 acres (6,500 ha). Frank Vanderlip established both a land syndicate holding the Palos Verdes peninsula, and a real estate development trust for the Palos Verdes Estates subdivision. The Commonwealth Trust Company filed the Palos Verdes Protective Restrictions in Los Angeles County in 1923. These restrictions established rules for the developer and all land owners. The developer was required to set aside half of the land for common use, including roads and parks, but also built bridle paths, a golf course, and retained several miles of coastline free of development.