Palos Verdes Estates is a city in Los Angeles County, California, United States, situated on the Palos Verdes Peninsula. The city was master-planned by the noted American landscape architect and planner Frederick Law Olmsted Jr. The city is located along the Southern California coastline of the Pacific Ocean.The population was 13,438 at the 2010 census, up from 13,340 in the 2000 census. According to the 2000 U.S. Census, Palos Verdes Estates is the 81st richest place in the United States with at least 1,000 households (based upon per capita income). The 90274 ZIP code (covering the cities of Palos Verdes Estates and Rolling Hills) was ranked the 47th most expensive housing area among high property value U.S. ZIP codes in a 2007 study by Forbes.com. Palos Verdes is also particularly well known for its high-performing schools, with various national publications ranking the high school between 8th and 44th best in the nation in the 2000s and 2010s.HistoryPalos Verdes Estates was established as a subdivision in 1923, with carved out of the former Rancho Palos Verdes property of over. Frank Vanderlip established both a land syndicate holding the Palos Verdes peninsula, and a real estate development trust for the Palos Verdes Estates subdivision. The Commonwealth Trust Company filed the Palos Verdes Protective Restrictions in Los Angeles County in 1923. These restrictions established rules for the developer and all land owners. The developer was required to set aside half of the land for common use, including roads and parks, but also built bridle paths, a golf course, and retained several miles of coastline free of development. No less than ninety percent of the remaining land was required to be used for single-family homes.
