By Keith Kyle
A few months back the beachfront property at 1000 The Strand in Manhattan Beach hit the market for a jaw dropping $28,900,000. Even in Manhattan Beach, with values seemingly going up by the minute, this was a very aggressive price. The location is spectacular as the home sits on a corner lot with 50 feet of beach frontage and 100 feet of walkstreet frontage (two of the most desirable and valuable features possible) with spectacular ocean, beach and pier views and located in the heart of the downtown area. Currently showing as a 4 unit building, the value is in the land and location. Despite being in a showcase location…..$28,900,000 is a very tall order for lot value.
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