Happy Holidays! – 2018 Manhattan Beach Fireworks

From our family to yours, we wish you a very Happy Holiday season.

Manhattan Beach Holiday Fireworks

December 9th, 2018

It’s that time of year again to head out to the beach and check out the 2018 Manhattan Beach fireworks celebration.  Sponsored by Sketchers this is the biggest event of the holiday season.  According to the planners the party will go on rain or shine.  

There will be great entertainment including Joe’s Band, the Hyperion Outfall Dixieland, the Mira Costa High School Jazz Ensemble and more.

It’s a festive and not to miss event!

Event Schedule – Sunday Dec. 9, 2018

2:00Streets Close
4:00Hyperion Outfall wishes you a “Dixieland Christmas”
4:00 ’till 6:30SKECHERS Snow Park and Sled Hill – bring a new, unwrapped toy or cash donation to benefit the YMCA Adventure Guides Toy Drive
4:00Santa Float
5:00Award-winning Mira Costa Jazz Ensemble
6:00Joe’s Band – Holiday Music Family Singalong
7:0030th Annual SKECHERS Manhattan Beach Holiday Fireworks Show with Extended Finale sponsored by Belkin

While Home Inventory Remains Low…Oceanfront Strand Homes Buck the Trend

Over the past few years, the Manhattan Beach real estate market has been driven by low inventory and high demand.  Homes generally sell fairly quickly but the ultra luxury market of oceanfront homes, known in Manhattan Beach as the Strand is a vastly different situation.  Currently there are 7 oceanfront homes or properties for sale on the Manhattan Beach Strand.  As of 9/29/18 there are 7 homes for sale on the beach which is pretty incredible given the limited number of homes in general.  The median days on market for these homes is 79 with the average days on market a whopping 241.

Current Manhattan Beach Oceanfront Strand Homes

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

See all Real estate matching your search.
(all data current as of 12/16/2018)

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….