PV's Priciest Homes: 2 Pine Tree Lane

The $8.7 million home at 2 Pine Tree Lane in Rolling Hills has been on the market for less than a week, according to its listing on Zillow.

Located on a 2.63-acre property in the gated community, the estate has views of the Pacific Ocean and the Los Angeles lights.

"This luxurious estate, completely remodeled in 2009, sits in a quite private and secure location—a one-of-a-kind opportunity for a true contemporary home," according to listing agent Mark Tournat. "This majestic home is only 7 minutes from the local airport with jet landing capability, (and) 27 minutes to downtown L.A."

The 10,000-square-foot home features  a bar, private theater, indoor racquetball court, formal living and dining rooms, a library or office, expansive family room, exercise room, guest suite, five bedrooms, eight bathrooms, sauna and combined kitchen and great room.

Outside, the new owner can enjoy an infinity pool and 12-person spa, a paddle tennis court and a large lawn.

The home was last sold in June 2007 for $4 million, according to public records aggregated by Zillow. 

The listing is represented by Tournat. For more information, view the listing on Zillow.

Looking for something a bit less pricey? Check out more Palos Verdes real estate listings from our partners at Zillow.

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 through listings on Zillow.