Hi Brendan,
PV really exploded during the pandemic because people were stuck at home and realized they wanted land, pools, and privacy. Great schools, low crime, and amazing views has always been a reason for people throughout LA to want to purchase on the peninsula, but the pandemic caused many people from the beach cities, Culver City, Santa Monica, and Marina Del Rey to make their way over for the land. Views, microclimates, schools, safety, and an equestrian lifestyle has really put PV on the map.
Is your property in RH or RHE?
RH (the gated city) has really strict guidelines within their city.
RHE is much more lenient, however, there are portions within the city that have CC&R's/HOA's that will dictate what you can do to the exterior of the property.
Tip: make sure your contractor and architect actually do business on the peninsula. Each city has a strict/unique set of guidelines, so it's better to save time and money by working with someone who knows what can/can't be done in each location on the peninsula, rather than spending time/money on a gameplan, only to find out months later that it won't get approved. One street may allow any type of home to be built, while the next block over needs to be a ranch style home or Mediterranean/Spanish style home.
Regardless, all of the city halls are very welcoming and are happy to walk you through all of their requirements, making it a great learning experience.