501 Via Almar Own a piece of Palos Verdes History! On the market for the first time in over 50 years, this special property is one of the original Spanish style homes in Lower Malaga Cove. Also known as "Tres Olivos, " this house was later the summer residence of Miss Aline Barnsdall, oil heiress who also owned Hollyhock House, designed by Frank Lloyd Wright. Upon entering this home through the original carved wood door you will be immediately captivated by the beautiful archways, high beamed ceilings in the spacious living room and fabulous ocean and coastline views. A formal dining room with alcove, doors to the mature garden and beautiful chandelier opens into the spacious kitchen with breakfast nook. The main floor bedroom and den both open to a spacious, partially enclosed balcony with tremendous views of the ocean. The second level offers a large primary suite with attached enclosed porch, perfect for lounging and enjoying the neighborhood views, as well as a spacious dressing room and bathroom. Whitewater views are enjoyed from the spacious deck off of one of the 2nd floor bedrooms and both have high ceilings and lots of natural light. An oversized 2 car garage with work area is accessed from a long gravel driveway lined with beautiful foliage. There are 2 additional finished rooms on the lower level, perfect for a gym or home office. Additional storage areas would make a delightful wine cellar and there is a 3/4 bath, perfect for rinsing off after the beach. Terraced gardens surround the home with fruit trees and lush landscaping. Two blocks from the beach and the cliffs, this home is situated in lower Malaga Cove with its beautiful trails, views and neighborhood.