PV's Priciest Homes: 7 Marguerite Drive

For $15.9 million, the property at 7 Marguerite Drive in Rancho Palos Verdes can be yours.

"This magnificent gated estate offers a once-in-a-lifetime opportunity to acquire over 5 acres of prime real estate on the oceanfront," according to real estate agent Raju Chhabria.

The 7,778-square-foot house boats six bedrooms; six full bathrooms; two half-bathrooms; a library; a formal entry; large kitchen and breakfast nook; formal living room; dining room; and family room, according to the property's listing on Redfin.

The vast property features a pool, private amphitheater, spa and guest house, as well as an additional 3.5 acres to build a new estate or home, according to the listing.

The property, located at the corner of Marguerite Drive and Palos Verdes Drive West, was most recently sold in 1999 for $450,000, according to public records aggregated on Redfin.

The property is listed by Chhabria. For more information, view the listing on Redfin.

This is article is part of an ongoing series profiling some of the most expensive property on the Palos Verdes Peninsula as determined by Patch editors. Want to be notified every time we post a new article in this series? Click the "Keep me posted" button in the box below.