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Although the recent relisting of The Strand at $26,000,000 is the most expensive property currently for sale, the home at 1901 Manhattan Ave in Hermosa certainly takes the prize for the most expensive single family home. Although we don’t believe it will sell for anywhere near the current list price of 22,000,000….if it does it would be the second highest residential sale ever in the South Bay.
The home that had been there sold back in 2013 for $4,200,000. It’s a tremendous lot and the steep incline of the hill meant guaranteed ocean views. The home that was built, and now for sale at 1901 Manhattan Ave most definitely took advantage of those views…..from just about every room. Even the lowest level which feels a bit like a luxurious basement, has ocean views out of the corner window.
The home is pretty spectacular and at over 9000 feet is extremely rare. Ocean views from everywhere, luxury finishes throughout, infinity pool (lowest level actually has windows into the pool) and a short walk to the beach make the home a winner.
The home offers 6 bedrooms and 8 bathrooms, gym, wine celler, elevator, multiple decks and outdoor spaces, pool and spa. Listed at $22,000,000 with Santiago Arana from The Agency.
1901 Manhattan Ave, Hermosa Beach
Homes in the $20,000,000+ range don’t come up often. Just recently the home at 417 Paseo De La Playa in the Hollywood Riviera sold at $22,650,000 making it the highest ever residential home sale in the South Bay.
3001 The Strand is a new listing in Hermosa Beach and is trying to do something equally unheard of in the South Bay…..top the $20,000,000 price mark. Listed with Chhabria Real Estate Company the home is priced at $21,000,000. In our opinion we just don’t see how it’s going to sell anywhere near that number but in the highest end of the luxury market it only takes one buyer to really connect with a home.
The home offers 6 bedrooms, 6 baths and almost 6,000 square feet. It also offers 37 feet of beach frontage on an almost 4,000 square foot lot.
This home has quite the history of high listing prices and spending time on the market. In 2012 when it was new construction it spent a year on the market at $10,999,000 but never sold after a year. In 2013 it sold at $10,000,000 in 2013 and then was put back on the market a month later at $13,900,000 and once again didn’t sell. Somehow in 2016 the owners thought that values had jumped to $22,900,000 but once again it sat on the market. 2018 is here and now the home is priced at $21,000,000 and only time will tell if the market has caught up to the price. It seems extremely unlikely but all it takes is one buyer to think it’s worth it.
2018 was a very solid year in Manhattan Village with numbers being very similar to the previous year. There were 21 “on market” home sales in this gated community in Manhattan Beach during the year. The average list price $1,451,756 with a average sales price of $1,443,476. The median list price was $1,310,000 with a median sales price of $1,338,000. Compare that with 2017 average sales price of $1,464,391 and median sales price of $1,444,000. Both numbers indicate a really strong seller’s market with list prices and sales prices being very similar meaning sellers were getting full price or more on their homes.
Average days on market was 53 with a median days on market at 20. The lowest priced sale of the year was for a Plan 1 2 bedroom court home at 21 Coronado Court that sold for $1,025,000 with the highest priced sale of the year a large 4 bedroom single family plan 4 “estate” home at 7 Westport that closed at $2,450,000. See the current homes for sale in Manhattan Village.
2018 Manhattan Village Home Sales
|Style||Address||Sold Price – List Price||Price per Ft||Bed/Bath||Sq Feet||Sold Date|
|SFR/D||9||Westport||$2,270,000 – $1,999,000||$1,104.09||3/1,1,0,0||2056/A||1/5/2018|
|TWNHS/A||18||Malaga PL E||$1,300,000 – $1,310,000||$742.01||3/3,0,0,0||1752/A||3/30/2018|
|TWNHS/A||11||Marin CT||$1,545,000 – $1,574,888||$805.95||3/2,0,1,0||1917/A||4/25/2018|
|TWNHS/A||12||Dover PL||$1,500,000 – $1,569,000||$824.63||3/3,0,0,0||1819/A||5/23/2018|
|SFR/D||7||Westport||$2,450,000 – $2,545,000||$824.36||4/2,0,1,0||2972/A||5/23/2018|
|SFR/D||3||Cambridge||$2,425,000 – $2,539,000||$765.95||4/2,1,1,0||3166/B||5/31/2018|
|TWNHS/A||12||Grenada CT||$1,070,000 – $1,125,000||$675.93||2/2,0,1,0||1583/B||6/5/2018|
|TWNHS/A||51||Sausalito CIR W||$1,625,000 – $1,675,000||$893.35||3/3,0,0,0||1819/A||6/7/2018|
|CONDO/A||36||Fairway DR||$1,425,000 – $1,399,000||$983.44||2/2,0,0,0||1449/A||6/12/2018|
|TWNHS/A||9||Lafayette CT||$1,164,000 – $1,179,000||$794.54||2/1,1,0,0||1465/A||6/29/2018|
|TWNHS/A||11||Cordoba CT||$1,361,000 – $1,298,000||$710.33||3/2,0,1,0||1916/A||7/3/2018|
|TWNHS/A||4||Bermuda CT||$1,200,000 – $1,150,000||$819.11||2/2,0,0,0||1465/A||7/5/2018|
|TWNHS/A||16||Cayman CT||$1,090,000 – $1,099,990||$744.03||2/2,0,0,0||1465/A||7/17/2018|
|TWNHS/A||25||Santa Rosa CT||$1,338,000 – $1,328,000||$713.22||3/2,0,1,0||1876/A||8/2/2018|
|TWNHS/A||18||Malaga PL E||$1,655,000 – $1,699,000||$944.63||3/3,0,0,0||1752/A||8/21/2018|
|TWNHS/A||20||Santa Cruz CT||$1,180,000 – $1,150,000||$745.42||2/1,1,1,0||1583/A||9/7/2018|
|TWNHS/A||12||Cayman CT||$1,065,000 – $1,088,000||$684.01||2/2,0,1,0||1557/A||11/9/2018|
|TWNHS/A||23||Santa Rosa CT||$1,180,000 – $1,199,998||$629.00||3/2,0,1,0||1876/A||11/9/2018|
|TWNHS/A||21||Coronado CT||$1,025,000 – $1,065,000||$699.66||2/2,0,0,0||1465/A||11/27/2018|
|SFR/D||19||Laguna CT||$1,350,000 – $1,399,000||$709.41||3/2,0,1,0||1903/A||12/26/2018|
If the Manhattan Beach isn’t the only neighborhood you might be interested in, click on any city, neighborhood or photo below to see a real estate website designed specifically to provide valuable information on that area. See the current homes for sale, recent home sales, market statistics, area maps, photos and more. We hope that our information can help you with your home search. If you want other information or would like our assistance with your search please don’t hesitate to contact Keith Kyle for all of your real estate needs.
South Bay Communities and Real Estate Websites Around Manhattan Beach CA