Rare Mills Act home provides a PROPERTY TAX REDUCTION that will transfer to the new owners of this beautifully remodeled yet carefully preserved Colonial Revival historical home. Current owner paying taxes on only 35% of assessed value. Full remodel in 2018 included new copper plumbing with water softener and tankless water heater, new electrical with sub panels added in laundry and garage, new HVAC, built in speakers, kitchen, baths and flooring. New Ipe wood deck and exterior paint done in 2021. New foundation 2002, chimney 2015, roof 2017, sewer line to main in street 2019 and paid for solar panels 2017. After entering the formal foyer, you are invited into a spacious south facing great room flooded with light offering ample room for your family or entertaining guests. The kitchen boasts elegance with imported Italian tile and a focal point centering on the timeless blue Hallman range. The hutch is original to the home and was lovingly retained and updated with LED lighting. A bedroom with en suite bath on the first floor makes for a perfect guest room and/or office. Upstairs in the primary suite you’ll find a sunlit custom walk in closet, built in linen shelving, separate soaking tub with walk in shower and dual vanities. The grand upstairs hallway leads to the 3rd full bath, laundry room, and 3 additional bedrooms with the 3rd currently being used as a playroom. The attic is easily accessed from the hallway and offers abundant storage. Head outside for the perfect Southern California oasis complete with a sauna, hot tub, cold plunge and outdoor shower. The newly built Ipe wood deck offers a covered space for the outdoor living room with a fireplace and tv adjacent from the dining area and grill. Don’t miss picking fresh lemons on your way to an additional 253 sqft of bonus space (not included in total sqft) perfect for an additional office and/or gym. Just west of PCH, this home is a short walk or bike ride away from the beach, Redondo Pier and King Harbor as well as walking distance from the top rated Parras Middle and Redondo Union High Schools. BeachLife Festivals and Redondo Pier Summer concerts have never been easier to get to! Whether you are looking for the perfect family home, entertainment house or investment property, this well preserved historical home is a must see!