Our Latest Property Profile in Digs Magazine

Take a look at our featured home in the August edition of South Bay Digs magazine. Featuring our newest listing at 1323 Cota in Old Torrance, this incredible home is like stepping back in time.  Contact us for more information on this beautiful craftsman built in 1914 or for information on the Manhattan Beach real estate market in general.

How Do the New Tax Laws Impact Manhattan Beach Property Owners?

Here’s a helpful chart to see how the changes in the tax policy impacts Manhattan Beach and all California property owners. With the recent changes there are some significant impacts and tax implications.

PREVIOUS LAW 2018 LAW
MORTGAGE INTEREST DEDUCTION Capped at $1M Capped at $750,000
STATE AND LOCAL TAX DEDUCTION Unlimited Deduction capped at $10,000 (income, sales and property combined)
CAPITAL GAINS EXEMPTION ON SALE OF PRIMARY RESIDENCE Exclusion of up to $250,000 ($500,000 if married) of gain realized on sale or exchange of principal residence if lived in
for 2 of the last 5 years
No change
1031 LIKE-KIND EXCHANGES Applied to all classes of property (e.g. personal and real) Limits non-recognition of gain to real
property
PERSONAL DEDUCTION Allowed Eliminated
STANDARD DEDUCTION $6,350 individual and $12,7000 if married $12,000 individual and $24,000 if married
MID FOR SECOND HOMES Capped at $750,000
HOME EQUITY LOAN DEDUCTION Capped at $100,000 Not deductible unless the proceeds are used to substantially improve the property
MOVING EXPENSE EXCLUSION AND DEDUCTION Incurred in connection with change in work place Eliminated except for members of armed forces on active duty that move pursuant to military orders
CHILD TAX CREDIT $1,000 for each child $2,000 for each child
DEDUCTION FOR QUALIFIED BUSINESS INCOME OF PASS-THROUGH ENTITIES INCLUDING INDEPENDENT CONTRACTORS None 20% deduction of taxable income phased out above $157,000 ($315,000 if married) for brokerage services
DEPRECIATION RECOVER PERIOD FOR REAL PROPERTY (RESIDENTIAL RENTAL) Recover period is 27.5 years No change
DEPRECIATION RECOVER PERIOD FOR REAL PROPERTY (NONRESIDENTIAL) Recover period is 39 years No change
DEPRECIATION RECOVER PERIOD FOR REAL PROPERTY (LEASEHOLD IMPROVEMENTS) Recover period is 15 years No change

Manhattan Village Sees the Most Active Homes for Sale Since 2014

As of 4/25/18

Inventory is definitely on the rise in Manhattan Village, one of the Beach Cities few gated communities.  There are currently 6 active homes for sale which is equal to the high water mark in 2016 and hasn’t been topped since 2014.  Of the 6 homes all are townhomes or courthomes.  Contact us for more information on the wonderful community of Manhattan Village or for information on any of the listings below.

Current Manhattan Village Homes for Sale

  1. 2 beds, 3 baths
    Home size: 1,557 sq ft
    Lot size: 1,657 sqft
    Year built: 1987
    Days on market: 11
  2. 2 beds, 2 baths
    Home size: 1,465 sq ft
    Lot size: 1,657 sqft
    Year built: 1984
    Days on market: 37
  3. 2 beds, 2 baths
    Home size: 1,474 sq ft
    Lot size: 1,702 sqft
    Year built: 1987
    Days on market: 58
  4. 2 beds, 2 baths
    Home size: 1,465 sq ft
    Lot size: 1,752 sqft
    Year built: 1983
    Days on market: 81

See all Real estate in the 145 - Manhattan Village community.
(all data current as of 8/17/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

220 35th Street – Off Market Walkstreet Home in Manhattan Beach

Listed by Mori Beiner of Vista Sotheby’s International Realty, this epic coastal modern has everything for the luxury beach lifestyle: Ocean views and breezes, fabulous entertaining spaces and top-of-the-line everything. Completed in 2008, this warm, custom-built home by Steve Lazar was elegantly upgraded post-purchase by the owners with designer finishes, custom lighting and audio systems, built-ins and a full-feature Crestron smart-home automation system (audiovisual, HVAC, lighting, security and more).

The spacious first-floor entertaining rooms open out via folding glass Nana walls to the walkstreet patio with waterfall and fire pit. Upstairs, you can see the ocean while lying down in the master bedroom. Master also features a seating area and a simply smashing bath with rain shower, body sprays and jetted tub. Just outside the other three bedrooms is a “kids’ lounge” with ample room for a sofa and TV. The top floor has floor-to-ceiling glass showcasing major ocean views spanning all the way out to Malibu.  Contact us to set up a private showing.

Off Market Listing Courtesy of Mori Beiner of Vista Sotheby’s International Realty

220 35th St | Manhattan Beach | MLS Version from Jeremy Blair on Vimeo.

Manhattan Beach Housing Inventory is Finally on the Rise

It’s been a while since we’ve seen multiple months of rising home inventory in Manhattan Beach but it seems to be heading in the right direction.  Near all time lows in December, the number of new listings cotinues to slowly increase.   The Manhattan Beach sand section saw the biggest jump in new listings.  As of 3/23/18 there are 49 active homes for sale in the sand section, up from 27 in December, 20 active listings in the tree section up from 16 in December and 12 homes for sale in East Manhattan Beach up from 8 in December.  This level of inventory is still well below the norm, but is trending in the right direction.

304 Ardmore – Luxury in the Hill Section

Located in the highly sought after hill section this beautiful home perfectly blends luxury with the casual coastal lifestyle. This new construction estate designed by renowned architect Louie Tomaro and built by Patrick Kealy, offers a spacious and open layout with a beautiful backyard.

We're sorry, but we couldn't find MLS # SB18060552 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

The Changing World of High End Real Estate

Oh how the luxury market is changing.  With the creation of Silicon Beach and the influx of younger tech home buyer’s the typical luxury home buyer is not always so obvious.  There’s no guarantee that they pull up in a Range Rover or look like they just came from a board meeting.  Today’s high end home buyer is just as likely to show up in shorts as slacks.  This definitely hit home the other day when I was showing a home in the Manhattan Beach hill section and as my client and I were leaving the next buyer pulled up to meet their agent.  They pulled up on a scooter wearing jeans and a t-shirt.  They worked at Google and were looking at a $5,000,000 home.

The world of luxury real estate is definitely changing….

Home of the Week – 2821 Amby Place in Hermosa Beach

The  differences between Manhattan Beach and Hermosa Beach real estate are continually blurring as the reputation as Manhattan Beach’s somewhat wilder neighbor has long since changed.  The home at 2821 Amby place feels, for all intents and purposes, like a luxurious estate home in Manhattan Beach’s prestigious hill section.  What makes it unique is that it’s not in the hill section of Manhattan but in Hermosa Beach just a few blocks south.

The home sits high on the hill with absolutely stunning panoramic ocean views.  Sitting on a massive (for Hermosa) 9000+ lot at the end of a very quiet cul-de-sac the home offers and estate feel with open spaces a tropical pool and yard and oh the views.  Contact us for more information about this home or the luxury homes throughout Manhattan and Hermosa Beach

 

We're sorry, but we couldn't find MLS # SB18033048 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Current Manhattan Beach Housing Inventory on 2/23/18

Current Manhattan Beach Housing Inventory as of 2/23/18.  There are current 90 active homes and income properties for sale in ManhattanBeach CA with a median home price of just over $2,924,000 and an average list price of just over $4,644,000.  The highest priced home is $23,995,000 for a double lot beachfront home/property at 2722 The Strand, with the least expensive home priced at $880,000 for a 2 bedroom condo at 644 Manhattan Beach Blvd.  See how this compares with recent months and years on our Manhattan Beach real estate trends and statistics page.

Sand Section

View current homes for sale in the Manhattan Beach tree section

MLS # Type   Address  Price 
Bed/Bath
Square Feet
Year
Date on Market
SB18035467 RES 2819 Vista DR  $         1,800,000
2/1,0,0,0
600/A
1938/ASR
2/14/2018
SB18024932 RINC 1613 Highland AV  $         1,849,000
/
1125/
1935/ASR
2/1/2018
SB18024808 RES 1613 Highland AV  $         1,849,000
2/2,0,0,0
1125/A
1935/ASR
2/1/2018
SB18013511 RES 761 Manhattan Beach BL  $         2,145,000
2/2,0,1,0
1853/E
2018/ASR
1/18/2018
SB18029386 RES 528 24th ST  $         2,149,000
2/2,0,0,0
1200/E
1948/ASR
2/7/2018
SB18035359 RINC 2820 Alma AV  $         2,195,000
/
928/
1938/ASR
2/14/2018
SB18013585 RES 756 Center PL  $         2,275,000
3/2,0,1,0
2182/AP
2017/BLD
1/18/2018
SB18005994 RES 3105 Vista DR  $         2,345,000
3/4,0,0,0
2406/A
2003/ASR
1/10/2018
18316032 RES 3612 ALMA AV  $         2,495,000
4/3,0,1,0
2510/
2006
2/15/2018
SB18026414 RES 3215 Vista DR  $         2,499,000
3/3,0,1,0
2400/E
2014/EST
2/3/2018
SB18039920 RES 123 44th ST  $         2,500,000
3/3,0,1,0
1713/A
1999/ASR
2/22/2018
SB18013827 RES 319 34th Place  $         2,599,000
3/1,2,1,0
2001/D
2017/BLD
1/18/2018
SB17168299 RES 225 38th ST  $         2,650,000
3/3,0,1,0
2270/O
1989/PUB
7/22/2017
SB18041204 RES 421 23rd ST  $         2,695,000
3/3,0,1,0
2344/B
2006/ASR
2/21/2018
SB18034963 RES 128 1st PL  $         2,699,000
3/1,2,1,0
1836/A
2000/ASR
2/20/2018
SB18037612 RES 501 8th ST  $         2,795,000
3/2,0,0,0
2064/A
1958/ASR
2/19/2018
SB18036673 RES 616 Highland AV  $         2,899,000
3/3,0,1,0
2131/A
1999/ASR
2/15/2018
SB18030308 RINC 3621 Alma Avenue AV  $         2,899,000
/
2515/
1961/ASR
2/8/2018
SB18007504 RES 3621 Alma Avenue AV  $         2,899,000
4/3,0,0,0
2515/A
1961/ASR
1/11/2018
SB18028282 RES 452 27th ST  $         3,150,000
5/3,0,1,0
3851/A
1990/ASR
2/6/2018
SB17179236 RES 88 Manhattan AV  $         3,500,000
3/4,0,0,0
2157/A
1996/ASR
8/3/2017
SB18037772 RES 333 7th ST  $         3,799,000
3/2,0,0,0
1356/A
1946/ASR
2/21/2018
SB17213603 RINC 323 23rd ST  $         3,850,000
/
3118/
1992/APP
9/14/2017
SB17213575 RES 323 23rd ST  $         3,850,000
5/4,0,1,0
3118/SEE
1992/ASR
9/14/2017
18310930 RES 316 10TH ST  $         3,900,000
4/3,1,1,0
4117/
2003
2/6/2018
SB18029403 RES 465 36th PL  $         3,995,000
5/6,0,0,0
4289/B
2017/BLD
2/7/2018
17287502 RES 441 1ST ST  $         3,995,000
5/4,0,1,0
4676/
2004
11/8/2017
SB18034049 RES 433 26th ST  $         3,999,000
5/4,0,0,1
4247/A
2004/ASR
2/15/2018
RS17265844 RINC 2309 Vista DR  $         3,999,000
/
2506/
1953/ASR
11/29/2017
SB18030427 RES 432 10th PL  $         4,199,888
3/3,1,1,0
3444/A
2006/PUB
2/8/2018
SB18018196 RINC 2600 Alma AV  $         4,295,000
/
3534/
1972/ASR
1/25/2018
SB18024122 RES 2613 Crest DR  $         5,499,000
0/0,0,0,0
100/A
1935/ASR
2/1/2018
SB18013243 RES 417 5th ST  $         5,499,000
4/5,0,0,0
3624/A
2004/ASR
1/18/2018
PV18034413 RES 127 21st ST  $         5,998,000
5/4,0,0,1
2252/A
1950/PUB
2/12/2018
PV18034008 RINC 127 21st ST  $         5,998,000
/
2252/
1985/SLR
2/12/2018
SB17263084 RES 2600 Grandview AV  $         5,999,000
6/2,5,1,0
4410/E
2016/BLD
11/22/2017
SB18006012 RES 224 29th ST  $         6,200,000
5/6,0,0,0
5000/A
2001/ASR
1/12/2018
OC17166294 RES 127 16th ST  $         7,200,000
5/3,0,0,0
2157/S
1924/SLR
7/25/2017
SB17089277 RES 125 17th ST  $         7,850,000
4/3,0,1,0
4334/A
1995/ASR
4/25/2017
SB17226841 RES 130 19th ST  $         9,250,000
4/4,0,1,0
4200/B
2017/BLD
10/2/2017
SB18022233 RES 2208 The Strand  $       10,500,000
9/8,0,0,0
5193/A
1972/ASR
1/24/2018
SB18014991 RINC 2208 The Strand  $       10,500,000
/
5193/
1972/ASR
1/24/2018
SB17187123 RES 3120 The Strand  $       12,900,000
5/4,0,0,0
4200/B
1991/ASR
8/13/2017
SB16716189 RES 1140 The Strand  $       14,974,000
5/4,0,0,0
2808/A
1957/ASR
10/3/2016
SB18026669 RES 317 17th ST  $       16,995,000
6/1,6,3,0
11917/A
2014/APP
2/4/2018
17242684 RES 108 The Strand  $       17,500,000
5/7,0,0,0
/
2014
1/23/2018
17288676 RES 2722 The Strand  $       23,995,000
8/9,0,0,0
6381/T
1951/ASR
11/10/2017
17288676 RES 2722 The Strand  $       23,995,000
8/9,0,0,0
6381/T
1951/ASR
11/10/2017
ML81693016 RES 604 19th ST  $         2,950,000
5/3,0,0,0
2693/A
1932
2/19/2018

Tree Section

View Current Homes for Sale in the Tree Section

MLS # Type   Address  Price 
Bed/Bath
Square Feet
Year
Date
on Market
318000333 RES 3529 Pacific AV  $         1,599,000
2/1,0,0,0
950/A
1950/ASR
1/26/2018
SB18039506 RES 616 Rosecrans AV  $         1,695,000
3/2,0,1,0
1529/P
1941/ASR
2/21/2018
SB17263952 RES 646 Rosecrans AV  $         1,899,000
4/3,0,0,0
2535/A
2007/ASR
11/25/2017
SB18031026 RES 2512 Pine AV  $         1,899,999
4/3,0,1,0
3156/A
1982/SLR
2/8/2018
SB18015661 RES 1728 Pine AV  $         1,900,000
3/2,0,0,0
1721/A
1954/ASR
1/26/2018
SB18020223 RES 1130 Laurel Ave  $         2,275,000
3/2,0,1,0
2880/A
2009/ASR
1/26/2018
PV18037103 RES 2507 N Valley DR  $         2,450,000
4/3,0,1,0
2824/A
2003/ASR
2/16/2018
SB17240588 RES 3613 Maple AV  $         2,495,000
5/4,0,1,0
3259/AP
2012/PUB
10/23/2017
17292550 RES 3605 OAK AV  $         2,699,000
5/3,0,1,0
3250/D
2017
11/28/2017
SB18037787 RES 2404 Laurel AV  $         2,750,000
5/4,0,0,0
3371/A
1993/ASR
2/22/2018
SB18032778 RES 2309 Pacific AV  $         2,850,000
5/4,0,1,0
3351/A
2007/ASR
2/15/2018
SB17203226 RES 2504 Pine  $         2,950,000
5/4,0,1,0
3600/A
2007/ASR
9/1/2017
SB17263938 RES 1308 Walnut AV  $         2,995,000
5/4,0,0,0
3273/A
1999/ASR
11/26/2017
SB17205144 RES 2313 Pine AV  $         2,995,000
5/1,3,0,0
3876/AP
1991/ASR
9/12/2017
17256442 RES 2612 Pine Ave  $         3,495,000
5/3,1,0,0
3600/B
2017
8/1/2017
SB18041823 RES 631 14th ST  $         4,500,000
6/4,1,0,0
4424/A
2001/ASR
2/22/2018
SB18007047 RES 1901 Palm AV  $         5,299,000
5/5,0,2,0
4762/B
2018/BLD
1/12/2018

Hill Section

View the current Manhattan Beach hill section homes for sale

MLS # Type
 
Address
 Price 
Bed/Bath
Square Feet
Year
Date
on Market
18313932 RES
644
MB Blvd #11
 $880,000
2/1,1,0,0
841
1969
2/15/2018
SB18041025 RES
222
Larsson ST
 $         1,825,000
3/2,1,2,0
2455/A
1992/ASR
2/21/2018
SB18036029 RES
1018
9th ST
 $         2,350,000
5/2,0,1,0
3048/A
1974/ASR
2/15/2018
SB18030009 RES
1031
Duncan AV
 $         3,950,000
5/4,0,0,0
4200/N
2004/ASR
1/29/2018
SB18013151 RES
941
Duncan PL
 $         4,650,000
5/4,1,0,0
4182/A
1977/ASR
1/18/2018
SB18006932 RES
513
Longfellow AV
 $         5,349,000
5/4,0,2,0
5128/B
2018/BLD
2/22/2018
SB17210981 RES
915
Duncan AV
 $         5,950,000
5/5,0,2,0
4637/B
2017/BLD
9/13/2017
SB18031011 RES
108 S
Poinsettia AV
 $         6,700,000
5/5,0,1,0
4836/A
2002/ASR
2/8/2018
SB18030036 RES
100 N
Dianthus ST
 $         7,000,000
6/7,0,0,0
7060/A
1982/ASR
11/1/2017
18312846 RES
621
8th ST
 $         7,195,000
4/5,0,0,0
4869/A
1998/APP
2/20/2018

Manhattan Village

View the current Manhattan Village homes for sale

MLS # Type   Address
 Price 
Bed/Bath
Square Feet
Year
Date
on Market
SB18032831 RES
18
Malaga PL E
 $         1,310,000
3/3,0,0,0
1752/A
1984/ASR
2/14/2018
SB18026465 RES
11
Marin CT
 $         1,574,888
3/2,0,1,0
1917/A
1987/ASR
2/6/2018
SB17221399 RES
51
Sausalito CR W
 $         1,699,000
3/3,0,0,0
1819/A
1987/EST
9/26/2017

East Manhattan Beach

View the current east Manhattan Beach homes for sale

MLS # Type
 
Address
 Price 
Bed/Bath
Square Feet
Year
Date
on Market
IG18029782 RES
1457
12th ST #C
 $         1,160,000
3/2,0,1,0
1740/A
2006/ASR
2/8/2018
SW18033577 RES
1300
Harkness 
 $         1,690,000
3/2,0,0,0
1617/A
1950/PUB
2/13/2018
SB18035358 RES
1713
23rd ST
 $         1,850,000
4/3,0,0,0
2000/E
1950/ASR
2/15/2018
SB17268474 RES
1201
17th ST
 $         2,285,000
5/3,0,1,0
3538/A
1997/ASR
12/2/2017
SB18039961 RES
1525
Artesia BL #A
 $         1,149,000
3/2,0,1,0
1412/A
1998/ASR
2/21/2018
SB18003003 RES
1510
2nd ST
 $         1,549,000
3/1,1,0,0
1515/A
1961/ASR
12/17/2017
SB18029789 RES
1500
8th ST
 $         1,550,000
3/2,0,0,0
1310/A
1957/ASR
2/13/2018
SB18034405 RES
1653
2nd ST
 $         2,595,000
5/4,0,1,0
4182/A
2005/ASR
2/14/2018
SB18021108 RES
1716
2nd ST
 $         2,699,999
4/4,0,0,0
3668/S
1989/ASR
2/1/2018
SB17130557 RES
1156
6th ST
 $         3,625,000
3/3,0,0,0
1560/A
1949/ASR
6/9/2017

Are We Finally On the Verge of Increase in Homes on the Market?

For the past 6 months there has been a steady decline of homes on the market in Manhattan Beach and the beach cities.  The number of homes on the market peaked during the summer with a steady decline for the rest of the year.  Manhattan Beach saw 110 homes on the market in October, 90 homes in November, to a low point of 60 in December.  In all four core South Bay cities January thankfully saw signs of an increase in new listings.  Manhattan Beach was back up to 62 and as of this post on 2/15/18 there were 77 active homes for sale in Manhattan Beach.