New Ocean View Walkstreet Home at 232 6th Street

By Keith Kyle232 6th Street Manhattan Beach

Listed by Ray Joseph of Palm Realty, the home at 232 6th Street offers big views and an ideal location.  Located on a prime south Manhattan Sand section walk street, the home was just completed and is priced at $7,599,000 down from it’s original price tag of $9,000,000 and offers 5 bedrooms, 7 baths, 4319 square feet.

We're sorry, but we couldn't find MLS # SB16037814 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Record Setting Oceanfront Strand Property Still On the Market

By Keith Kyle1000 The Strand Manhattan Beach

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.

We're sorry, but we couldn't find MLS # SB15119479 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Think you can’t have it all? Off Market Listing at 2104 Palm Ave in Manhattan Beach

One thing the Manhattan Beach homes don’t always offer the luxury home buyer is space.  There are the occasional oversized lots in the hill section but 2104 Palm Manhattan Beach other than that there just isn’t just much in the way of the great outdoors.

That’s certainly not the case with the rare opportunity offered at 2104 Palm Ave in the tree section of Manhattan Beach.  Currently off market and not on the MLS, this home sits on two adjacent lots offering a beautiful home and not only a yard, but a yard that most local soccer teams would be envious of.  The home itself offers almost 4500 square feet, 5 bedrooms, 6 baths and the combined lot size is almost 10,000 feet which is almost unheard of in this part of town.  Built in 2006, the home has been meticulously maintained and updated and offers a pool and spa in addition to the best sports court that you can imagine.  Not currently on the market, the home is for sale at $7,999,000 with listing agent Greg Maffei of Re/Max.

The home can be shown to qualified buyers.  Please contact us for a private showing and find out more about this very rare opportunity.  Contact us to see other Manhattan Beach pocket listings and off market homes before they hit the market.

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 Home Sales in February 2015

By Keith Kyle750 30th

February was another month dominated by low housing inventory and rapidly rising prices in the white hot real estate market in Manhattan Beach CA.  While the 19 homes sold in Manhattan Beach was well below the norm, the average sales price was just under $2.0M at $1,999,599.  Of the 19 homes sold there were only 5 sales priced below $1,000,000 consisting of 4 townhomes and one smaller single family home on Valley Dr.

February 2015 home sales in Manhattan Beach

MLS# Type   Address  Price  Bed/Bath Year Sq
Feet
SB14241303 TWNHS/A 228 38th ST  $ 2,800,000 3/3,0,1,0 2014/BLD 2175/E
PV15015180 SFR/D 510 23rd ST  $ 2,826,000 4/3,0,1,0 2009/ASR 3202/B
SB15025365 SFR/D 1904 Ocean DR  $ 3,250,000 2/2,0,0,0 2011/ASR 1800/B
SB14238747 SFR/D 2801 Valley DR  $ 985,000 2/1,0,0,0 1951/ASR 965
SB15037754 SFR/D 592 30th ST  $ 1,750,000 3/1,0,0,0 1953/ASR 1578/A
SB14258990 SFR/D 2413 John ST  $ 2,145,000 4/1,1,0,0 1961/ASR 1890/A
SB15007376 SFR/D 1708 Pine AV  $ 2,575,000 5/4,0,1,0 2011/APP 3129/A
SB15014492 SFR/D 3011 Elm AV  $ 3,212,500 5/4,0,1,0 2004/ASR 3600/E
SB15007963 SFR/D 3311 Elm AV  $ 4,569,000 6/3,3,1,0 2014/BLD 5166/B
SB14263986 SFR/D 915 Duncan AV  $ 2,150,000 3/2,0,0,0 1950/ASR 1656/A
PW14241187 SFR/D 864 5th ST  $ 2,900,000 2/2,0,0,0 1967/ASR 1515/A
SB14232744 TWNHS/A 30 Monterey CT  $ 835,000 2/2,0,0,0 1987/EST 1474/B
SB14232476 TWNHS/A 21 Santa Rosa CT  $ 875,000 2/2,0,1,0 1987/ASR 1583/B
SB15036929 TWNHS/A 1315 Manhattan Beach BL #B  $ 668,000 2/2,0,1,0 1986/ASR 1175/A
SB15019298 SFR/D 1901 Lynngrove DR  $ 1,291,875 3/1,0,0,0 1950/ASR 1098/A
SB14246573 SFR/D 1205 Meadows AV  $ 1,450,000 3/2,0,0,0 2014/SEE 1511/SEE
SB14264038 TWNHS/A 1140 Manhattan Beach BL #F  $ 660,000 2/1,1,1,0 1978/ASR 1197/A
SB14251202 SFR/D 1747 2nd ST  $ 1,335,000 3/2,0,0,0 1952/ASR 1442/A
SB15015200 SFR/D 1540 2nd ST  $ 1,715,000 4/3,0,0,0 1953/ASR 2840/A

  1. 4 beds, 3 baths
    Home size: 2,158 sq ft
    Lot size: 4,636 sqft
  2. 2 beds, 1 bath
    Home size: 884 sq ft
    Lot size: 5,123 sqft
  3. 2 beds, 1 bath
    Home size: 948 sq ft
    Lot size: 4,404 sqft
  4. 5 beds, 4 baths
    Home size: 3,538 sq ft
    Lot size: 5,002 sqft
  5. 1 bed, 1 bath
    Home size: 893 sq ft
    Lot size: 2,250 sqft
  6. 5 beds, 4 baths
    Home size: 3,363 sq ft
    Lot size: 4,647 sqft
  7. 3 beds, 2 baths
    Home size: 1,744 sq ft
    Lot size: 4,995 sqft
  8. 5 beds, 4 baths
    Home size: 3,250 sq ft
    Lot size: 4,646 sqft
  9. 5 beds, 4 baths
    Home size: 3,273 sq ft
    Lot size: 4,483 sqft
  10. 2 beds, 2 baths
    Home size: 1,321 sq ft
    Lot size: 4,992 sqft

See all Real estate in the city of Manhattan Beach.
(all data current as of 12/17/2017)

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

Days on Market On the Rise in the Tree Section of Manhattan Beach

By Keith KyleManhattan Beach homes

In this ultra hot market any sign that things are slowing down is big news.  While the market is still very favorable for sellers we are noticing that many homes in the tree section of Manhattan Beach seem to be sitting on the market for a little longer.  The current average for “active” listings (those not sold or in escrow) is 56.  The number can be a bit misleading due to the fact the local MLS days on market continue to accrue if a home that is in escrow posts as “backup” status.  The number of days on market has risen every month since August of 2014 with a slightly higher number in January.  As inventory slowly rises the days on market will likely follow.  See all of the latest Manhattan Beach real estate market trends at our updated statistic pages.

4 Homes Under $1,000,000 in Manhattan Beach

By Keith KyleBeach Bungalows

In the luxury real estate market of Manhattan Beach it isn’t overly common these days to find anything priced below $1,000,000.  The obvious reason is the demand for homes in this coastal community has never been stronger.  Another reason is that just about any “original” beach type bungalow that comes around is often snatched up by builders looking to flip or, more likely, to replace with a 4000 foot single family home.  The third reason is that condos are almost non-existent with zoning allowing primarily single family homes with a scattering of townhomes mixed in which eliminates the entry level type condo.  At the moment, however, there are 4 homes for sale priced below $1,000,000.  If you’re interested in learning more or even taking a look please don’t hesitate to contact us.

  1. 2 beds, 3 baths
    Home size: 1,197 sq ft
    Lot size: 9,561 sqft
    Year built: 1978
    Days on market: 8

See all Real estate in the city of Manhattan Beach.
(all data current as of 12/17/2017)

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

The number of homes for sale in Manhattan Village continues to trend upward while Manhattan Beach inventory remains low

By Keith KyleManhattan-Village-Estate-Home

The real estate market in Manhattan Village, the gated community in Manhattan Beach, CA, continues to buck the trend.  While the market in the other neighborhoods of Manhattan Beach has seen record low inventory, few new listings, and extremely high demand for both low end fixers and high end luxury homes, the housing inventory in Manhattan Village has reached near record highs.  The market has still been very active with appropriately priced homes quickly selling quickly but new listings seem to replace anything going into escrow.  I was asked recently by a client whether the higher levels of inventory is indicative of low demand and a less desirable location, but that’s certainly not the case.   It is a very different feel to the rest of the Manhattan Beach but the amenities of the community including numerous pools, 24 hour security, and exterior landscaping and maintenance draws homeowners looking or a greater sense of privacy.Manhattan-Village-Home-Sales

 

The chart to the left shows the number of homes for sale (light green), sold homes (dark green) and current homes “in escrow” (red line) for the past year.  The number of homes on the market in September, 12, was the highest inventory since 2010.

See the current Manhattan Village homes for sale

Recent Home Sale Shows Just How Hot the Oceanview Market Is

By Keith Kyle2401 Manhattan Ave

There is no question that the real estate market in Manhattan Beach has been on fire since the beginning of 2013.  Record low inventory and intense demand for luxury homes and prime locations has created a building boom not seen in a long while.  Multiple offer situations seem to be the norm and the number of all cash buyers continues to drive this already competitive market.   This continued demand from buyers and builders alike has driven prices upward to record numbers and nowhere is the demand greater than in the sand section.

The most recent example was the walkstreet home located at 2401 Manhattan Ave.  Just a block to the beach and having fantastic corner lot ocean views this home was certainly going to interest both the owner/user looking for a great location and builders seeking the same.  The home was listed at $2,495,000 which is already a huge number for a half lot home but all indications appear that the home had at least 11 offers and sold over $3.0M* which is a staggering number for a home with the limitations that come along with a 1,352 square foot lot.   Any future build will be limited to around a max square footage of 2000 feet.  The last sale of a new construction half lot (not on a walkstreet which certainly adds value) closed at $3.3M at 124 23rd Street.   Over $3.0M for this likely tear down at 2401 Manhattan Ave is a very large number indeed and shows just how far values have come in the past 24 months.

We're sorry, but we couldn't find MLS # 314032829 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

*Sales price and number of offers is not verified information

1740 2nd Street – New Home for Sale in East Manhattan Beach

East Manhattan is known for large homes and large lots, which allow for some creative and inspired designs.  The home at 1740 2nd Street has 1740 2ndtaken full advantage of the 5300 foot lot with an impressive 6 bedrooms and over 4000 square feet of living space.  As with all homes in the city, one of the major appeals is the fantastic Manhattan Beach Unified School district.  The home was built in 2005.  Located on 2nd St, a moderately busy street, the home is at the high end of the market for the location, but for those looking for a sizable home with a fairly new construction feel in a family friendly location, this might be the home for you.  Contact us for more information or call text at 310-251-2344 and we’ll be happy to help.

ML#:   SR14233907 
List Price:    $2,300,000
Price Per Sqft:    $573.28  
Bedrooms:  6
Baths: 5
Property Type:   Single Family 
Sqft (Src):  4,012 (Assessor’s Data) 
Lot Size  5300

We're sorry, but we couldn't find MLS # SR14233907 in our database. This property may be a new listing or possibly taken off the market. Please check back again.