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.

304 N Ardmore Avenue, Manhattan Beach, CA 90266 (MLS # SB18060552)

(all data current as of 4/25/2018)
Price $7,199,000
Beds 5
Baths 6 baths
Home size 6,342 sq ft
Lot Size 7,095 sqft
Days on Market 41
Status Active
Taking influences from luxurious destination retreats, this is a brand new construction offering by architect Louie Tomaro and developer Patrick Kealy. Privately situated overlooking the greenbelt, and offering ocean views, the property provides a relaxed, semi-tropical atmosphere. The absence of neighboring homes directly across from this lot affords appreciated added privacy. Clean lines found in bold mahogany columns, natural stone fronted fireplaces, flush linear baseboards and mahogany interior doors are softened by European oak floors, glimpses of green landscape and sights of the horizon from multiple vantage points. The main entry level features 3 bedroom suites, a formal living room, a central great room and home gym/office that seamlessly open to the private yard and pool area beyond. The master bedroom is a tranquil haven offering a private ocean peek and an unparalleled master bath retreat experience. Multiple sets of panoramic doors encourage a highly desirable indoor/outdoor experience. Take the elevator to the top floor and discover central, open-air “pavilion style” entertaining spaces that overlook the rectangular swimming pool to the east and expansive views to the west. A premium appliance package includes SubZero, Wolf and Bosch brands. The basement level offers a fully stocked wet bar, billiards room, convertible wine room, rec room and media room. 220V for electric cars in the 3 car garage. Step right onto the greenbelt for a quick stroll Downtown.

Property Type(s): Single Family

Last Updated 3/15/2018 Tract
Year Built 2018 Community 144 - Manhattan Bch Hill
Garage Spaces 3.0 County Los Angeles
Total Parking n/a

Schools

School District Manhattan Unified
Jr. High School Manuel F. Cunha
High School Mira Costa

Additional Details

Lot 7095 sq ft Area 144 - Manhattan Bch Hill
HOA Dues 0.00 Parking Spaces: 5.00
Pool Description Private,In Ground,Waterfall,Heated Stories 3
Utilities Public; View Description City Lights,Neighborhood,Ocean,Park Or Green Belt,Peek-A-Boo,See Remarks
Water Public Waterfront Description Ocean Side Of Highway 1
Zoning MNRS

Features

Air None
Appliances 6 Burner Stove, Dishwasher, Freezer, Garbage Disposal, Gas Oven, Gas Range, Microwave, Range/Stove Hood, Refrigerator, Warmer Oven Drawer
Basement Yes
Fireplace Yes
Garage Direct Garage Access, Driveway, Garage, Garage - Front Entry, Garage Door Opener, See Remarks, Yes
Heat Central Furnace
Interior Balcony, Bar, Beamed Ceilings, Built-Ins, Cathedral-Vaulted Ceilings, Elevator, Granite Counters, High Ceilings (9 Feet+), Home Automation System, Living Room Balcony, Living Room Deck Attached, Open Floor Plan, Pantry, Recessed Lighting, Storage Space, Unfurnished, Wet Bar, Wired for Data, Wired for Sound
Lot Description Back Yard, Front Yard, Landscaped, Lot Shape-Irregular, Yard
Master on Main Yes
Pool Yes
Style Contemporary, Modern, See Remarks
View Yes

Location

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

Listing provided by : David Caskey CalBRE:01198999, Strand Hill Christies International Real Estate

(view all details for MLS #SB18060552)

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 – 624 9th Street in the Manhattan Beach Hill Section

624 9th Street was designed to showcase the panoramic views from multiple levels while bringing you & yours together in an atmosphere of satisfying luxury.  The 9,429 sf lot offers outdoor enjoyment for everyone, from the elevated viewing decks with outdoor fireplaces to the sport court and solar heated pool & spa. This solar powered estate home also features a bonus basement media room, formal living room, family room, breakfast room, all bedrooms and laundry on upper level, 4 fireplaces, a 3 car garage, & zoned A/C. Walking distance to downtown Manhattan and part of the award winning Robinson Elementary school area.

We're sorry, but we couldn't find MLS # SB17111296 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

No Place Like Home for Holidays – But Not Too Many Homes To See

There may be no place like home for the holidays, but if you’re hoping to visit open houses in Manhattan Beach this 116-25th-Street-Manhattan-Beachweekend there won’t be too much to see.  The open houses in the Beach Cities and South Bay are just as limited as things slow down for the holidays.

Here’s the open houses in Manhattan Beach this weekend.

 

Days Hours Address Details Price
Sun 1-4pm 36 Malaga Place E, Manhattan Beach 3 BD, Manhattan Village $1,425,000
Sat 1-4pm 461 S. Prospect, Manhattan Beach 4 BD, 3.5 BA, 8,714 SF Lot $1,900,000
Sun 1-4pm 1765 Curtis Ave., Manhattan Beach 5 BD, 3.75 BA, 3,873 SF $2,195,000
Sun 2-4pm 907 Harkness, Manhattan Beach Nice East Manhattan Home $2,295,000
Sat/ Sun 1-4pm 1304 Lynngrove Dr., Manhattan Beach 5 BD, 5.5 BA, New Construction $2,999,900
Sun 1-6pm 201 Larsson St., Manhattan Beach 4 BD, 4 BA, Ocean & City Views $3,399,000
Sat/ Sun 2-4pm 756 36th St., Manhattan Beach New Construction Coastal Plantation Style Home,
6 BD, 6.5 BA
$3,579,000

612 John in the Manhattan Beach Hill Section

There’s generally compromise involved with South Bay real estate.  If you want to live near the beach you’re not 612 John Streetgoing to have a yard….if you want a bigger house you can’t live near the beach….if you want a pool you’re in the wrong city.  The home at 612 John, however, offers it all.  The home sits in the prestigious hill section with panoramic ocean views on a tremendous lot slightly under 10,000 feet.  In a town where a non ocean front home recently sold for $3,250,000 on a 1,372 foot lot…..10,000,000 is huge.  This has allowed some creativity and luxury amenities not possible anywhere else including a 7400 foot palatial estate with a detached guest home(both enjoying tremendous ocean views), a yard and a pool.  The home offers luxury features throughout.

We're sorry, but we couldn't find MLS # SB15090832 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Manhattan Beach School Boundary Map

One of the most common reasons people want to live in Manhattan Beach is the quality of the schools.  One of the most frequent questions is what elementary school will a child attend depending on where they buy a home in Manhattan Beach.  Manhattan Beach Unified School District has 5 elementary schools, one middle school and one high school (Mira Costa).  See the map below to get a better sense of where the elementary schools are located and the boundaries of each.

Manhattan-Beach-Schools-Map

In general the hill section and south sand section neighborhoods attend Robinson Elementary, the north sand section and parts of the tree section attend Grand View, the eastern half of the tree section attends Pacific, the Manhattan Heights and Liberty Village areas (east of Sepulveda and north of MB Blvd) attend Meadows and the Mira Costa area of East Manhattan attend Pennekamp.  All are fantastic schools with incredible test scores and parent participation is second to none.

New Listing in the Hill Section – 1019 Duncan *Update – In Escrow*

One of the latest offerings in the prestigious hill section of Manhattan Beach is the new listing at 1019 Duncan.912-Duncan

Magnificent Santa Barbara Mediterranean home in the Hill Section with  west-facing ocean and Catalina Island views. Built in 2008 and designed by architect Louie Tomaro, the home is light and bright with artisan-crafted accents and rich details throughout. The two ocean view decks incorporate the best of the outdoor spaces with the interior floor plan. The Great Room is accented with Nano doors, distressed wood beams and wide-plank reclaimed wood floors. The kitchen enjoys ocean views, a breakfast nook and stainless appliances with a commercial-style stove. The formal dining room shares a two-sided fireplace with the sitting room, both with ocean views. There are 5 bedrooms, 4 ensuite, and 6 bathrooms with heated stone floors.  There is a 500-bottle refrigerated wine cellar with a custom iron and glass door, a theater room with two-levels to optimize viewing and a game room with a beer pub. There is a 3-stop elevator, 3-car garage, backyard and courtyard patio.  Information provided by listing agent Candice Carpenter of Re/Max Estate Properties

We're sorry, but we couldn't find MLS # SB14204177 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

What’s shocking to some is commonplace in Manhattan Beach real estate

By Keith KyleManhattan Beach Strand

One of the more challenging aspects of selling homes in the luxury community of Manhattan Beach, is the “sticker shock” many out of town buyers have when we first start searching for a home.  As one of the more expensive markets in the country, buyers are often unprepared for the type, size or condition of the home that they can get for their money.  Buyers inevitably compare the home they are selling to the home they are buying and without taking location into consideration, they find that they can often purchase something not even similar to what they’re selling.  The greatest surprise comes to buyers from states such as Texas in which they owned a 5000 foot mansion on acres of land for example and the $1.5M that they sold it for translates to  a 3 bedroom, 2200 foot townhome in Manhattan Beach with a lot measured in feet and not acres.

The reason for all of this, of course, is that it’s all about location….and the demand for that location.  There is such demand for homes in Manhattan Beach which offers great neighborhoods, ocean views, award winning schools, almost perfect weather, proximity to a world class destination beach, and near enough but far enough from the hustle and bustle of Los Angeles, that prices just continue to rise at an often incredible pace.  As there is no additional land to build on, even “fixers” or tear downs sell above market value as builders are eager to cash in on the demand for new construction luxury homes.

So what can an out of state buyer do?  Research the recent home sales in Manhattan Beach and current listings.  Getting comfortable with the fact that, although the prices are dramatically higher than other cities and states, these are the prices and the costs to live in such a high demand area.  Southern California has always been one of the most sought after housing destinations in the country and nowhere is that demand greater than life on the coast in Manhattan Beach.  Buyers that research values, prices and trends,  may still have that initial shock but just having an understanding that these are not “inflated” prices but just the values of the area and down the road when it’s time to sell, they’ll be on the other side of this incredibly strong market.

The chart below represents the median sales prices in Manhattan Beach for the past 2 years with a median price edging ever closer to the $2.0M mark.

Demand for New Construction Luxury Homes Grows in Manhattan Beach

By Keith KyleNew construction homes in manhattan beach

While builders took significant losses during the downturn that started in 2006 and 2007, things have certainly turned around since then.  Builders are clamoring for A+ locations in Manhattan Beach and have once again even started purchasing lots or tear down homes in less desirable locations.  Almost regardless of location and lot size, two long term deterents, buyers are clamoring for new construction and builders can barely keep up.

Of the 16 homes built in 2014 or scheduled to be completed in 2014 that have sold or are in escrow they averaged only 20 days on market which is truly incredible.  With a median price of just under $2.7M it’s not hard to see why builders are making every effort to tap into this incredible demand.   These statistics are based only on the homes that went to market and many have been sold before even making it to the MLS as pocket listings and exclusive offerings.

The 5 current new construction homes come in with a median price of $4.7M.

With the coastal charm, proximity to downtown LA and Hollywood,  almost perfect weather, and nationally ranked schools, Manhattan Beach has become an even higher demand market for the luxury home buyer.

If you are looking for both on market and off market new construction homes in Manhattan and Hermosa Beach contact us at any point.

  1. 5 beds, 4 baths
    Home size: 3,250 sq ft
    Lot size: 4,646 sqft
  2. 3 beds, 6 baths
    Home size: 3,200 sq ft
    Lot size: 1,752 sqft
  3. 6 beds, 8 baths
    Home size: 5,870 sq ft
    Lot size: 6,425 sqft
  4. 5 beds, 7 baths
    Home size: 4,637 sq ft
    Lot size: 4,997 sqft
  5. 6 beds, 8 baths
    Home size: 6,450 sq ft
    Lot size: 6,499 sqft

See all Real estate in the city of Manhattan Beach.
(all data current as of 4/24/2018)

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

With Builders Buying Everything in Manhattan Beach…is there anything left for Buyers?

By Keith KyleEast Manhattan Beach homes

There is no question that due to the incredible rise in prices and the demand for new construction luxury homes, Manhattan Beach is definitely in a full blown building frenzy.  Any original bungalow or “starter” home is quickly bought by builders with all cash, non contingent offers  This was similar to the environment from 2005-2007 and it adds to the already challenging environment for home buyers.

So how is a buyer to compete?

The solution is to either be very patient, or very aggressive with offers and offer prices.    In a seller’s market it always poses a real challenge to buyers but when builders begin buying all of the lowest priced homes, it adds an entirely different pressure on the market.  Builders are generally fairly cautious with their numbers and unwilling to overpay, but in a market in which new home prices are beyond record levels, builders are willing to take risks on even marginal properties.

Home buyers do have the ability to come to the negotiating table with a different perspective, however.  This ability to consider long term aspects may be the one advantage that they have.  Home buyers in this luxury coastal community may need to overpay somewhat but can take confidence that even when the bubble burst several years ago, prices did not drop severely.