Introducing 47 Oceanaire Drive, Rancho Palos Verdes, CA. Spacious Split-Level Retreat atop the hill with Panoramic Ocean Views on 1.56 Acres Welcome to a rare opportunity in the prestigious Del Cerro neighborhood. This mid-century (1964) split-level residence was custom-built by its original owner on solid bedrock and offers nearly 3,000 sq. ft. of versatile living space with breathtaking, unobstructed 180 degree ocean views. This diamond-in-the rough features 4 bedrooms and 2.5 baths; the home’s split-level design provides multiple living and entertaining areas, including a top-floor family room with a circular sunken conversation pit and Palos Verdes stone fireplace. Enjoy sweeping vistas from canyon to whitewater to Catalina Island. Enjoy soaring ceilings, sun-drenched interiors, and seamless indoor-outdoor flow — ideal for entertaining or relaxing in peace. The expansive 1.56-acre (67,958 SF) lot offers incredible potential for redesign, expansion, or creating resort-style outdoor living. With nearby homes valued from $5.5M to $7M, the property is a blank canvas for investors, designers, or end-users to create a true coastal masterpiece. Located just minutes from award-winning schools, scenic hiking trails at nearby Del Cerro Park, and the stunning Palos Verdes shoreline, this home offers both privacy and opportunity in one of the South Bay’s most desirable enclaves. Property has been priced according to the appraisal attached. This is a trust sale. Bring your vision and transform this diamond in the rough into a legacy ocean-view estate. Highest & Best offers requested by 8/26/ 25 to be reviewed 8/27/25. Thank you!