Michael J. Cherney sold a four-bedroom, three-bath home at 4220 Miraleste Drive, in Rancho Palos Verdes, to Nidhi and Nikhil Kapoor for $1,200,000 on Aug. 21.

The 4,567-square-foot home last sold for $2,100,000 in February 2007. It is located in the Northeast Rancho Palos Verdes neighborhood of Rancho Palos Verdes.

According to BlockShopper, there have been 486 home sales in Rancho Palos Verdes during the past 12 months with a median sale price of $1,004,250.

Address: 4220 Miraleste Drive
Buyer(s): Nidhi and Nikhil Kapoor
Seller(s): Michael J. Cherney
Sale date: Aug. 21, 2014