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The Real Deal Los Angeles

Palos Verdes Art Center wants to raffle Rancho Palos Verdes pad

The $4M home is the grand prize -- provided center sells 75,000 tickets

February 20, 2017 12:00PM

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Anderson House in Rancho Palos Verdes (Lance Gerber)

A home worth $4 million is the grand prize in the Palos Verdes Art Center’s annual dream house raffle in April.

The oceanfront Anderson House in Rancho Palos Verdes, designed by architect Aaron Green, a protégé and associate of Frank Lloyd Wright, could be one winner’s for the price of the $150 ticket. 

The roughly 3,000 square foot cliffside home features three bedrooms, two bathrooms, a private walled garden, a massive stone fireplace and redwood paneled walls. It was built in 1959.

Anyone over 18 years old can purchase a raffle ticket for a shot at the home, with some exclusions, according to the art center. Proceeds from the raffle are used to help support the center’s education and outreach programs.

If at least 75,000 tickets are sold by April 14, the grand prize winner can choose between the Anderson House and a cash prize. Winners rarely choose the house once they realize the steep cost of property taxes, Curbed reported.

The raffle doesn’t always go off without a hitch. Last year, the contest drew 12,000 contestants but it wasn’t enough for the art center to purchase that year’s Pierre Koenig home, which was valued at $3.6 million. Its agreement to purchase the home was based on selling 55,000 tickets or raising $8.3 million. The winner was instead awarded with $2 million in cash. [Curbed]Subrina Hudson

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