Redondo's Priciest Homes: 126 S. Prospect Ave.

The price of the home at 126 S. Prospect Ave. in South Redondo Beach has been reduced by more than $50,000 to the current price of $1.199 million, according to the listing on AOL Real Estate.

The 4,455-square-foot 2012 home has four bedrooms and five bathrooms, a cook's kitchen, formal dining area, combination great room and playroom with a spiral staircase, fireplaces, security system, vaulted ceilings and more.

Outside, the "wonderful multi-tiered backyard features landscaping, grass, stone with expansive views of the city and hillside," according to the listing.

"Don't miss out—this house is one of the most reasonably priced homes in Redondo," according to the listing.

The property is brokered by Shorewood Realtors. For more information, view the listing on AOL Real Estate.

This is article is part of an ongoing series profiling some of the most expensive property in the 90277 and 90278 ZIP codes as determined by AOL Real Estate. Want to be notified every time we post a new article in this series? Click the "Keep me posted" button in the box below.