It’s Not Hard To See Why Builders Are Buying Everything in Manhattan Beach

Whenever the real estate market is on fire, as it is right now in Manhattan Beach, the demand for luxury homes intensifies and builders are happy to take advantage of this dramatic increase in demand…..and why wouldn’t they?

It’s not hard to see why builders are scrambling to buy any fixer, tear down, or even the charming, but smaller, beach bungalow.  We’re seeing prices of new construction reach heights that would have seemed impossible not long ago and the usual constraints such as smaller lots, less than ideal locations, and even lot prices well beyond lot values don’t seem to matter.

Let’s look at a few recent properties:

750 30th Street in the Tree Section

750 30th Old 750 30th

 

Sold December 2013 (above left 1952 1138 ft bungalow on 5417 foot lot) at $1,552,000 and recently listed (above right 5 bed/5 bath 5000 sq feet) at $4,499,000

 

1905 Elm in the Tree Section 

1905-Elm-Old 1905 Elm New

Sold in May of 2013 (above left – 1952 beach bungalow) for $1,131,000 and currently in escrow (above right – 5 bed/5 bath 3111 square feet) with list price of $3,100,000

 

128 14th Street in the sand section  

128 14th Street -  2012 128 14th Street

Sold in April 2012 (1954 built triplex) for $1,950,000 and currently in escrow (4 bed/5 bath 4000 feet) with list price of $5,995,800.

 

433 Marine Place in the Sand Section

433 Marine Place Old 433 Marine Place New 432 23rd place

Very poor condition home at 433 Marine Place sold for $957,000 in March 2012.  Home was torn down with 2 new townhomes put on the lot.  Townhome at 433 Marine Place (3 bed/4 bath 2000 square feet) selling at $1,979,000….while second townhome at 432 23rd Street (3 bed/4 bath 1929 square feet) sold for $2,152,000

There are countless other recent sales and a number of new construction projects coming on the market in the next few months.

Call/text us at 310-251-2344 for more information or contact us with any questions.

 

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.

606 9th Street – Custom Home in the Hill Section

Coming onto the market on April 3rd this custom built hill section home offers plenty of room with an estimated 5,000 square feet, 5 bedrooms, 4 1/2 baths on a large 9,260 foot lot allowing for a spectacular backyard with a pool, spa waterfall fire pit area and bar.

We're sorry, but we couldn't find MLS # SB14067738 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

It doesn’t get much better than the Manhattan Beach hill section

I was driving home the other night and had to stop and take some pictures of the absolutely stunning sunset from the hill section of Manhattan Beach. This area of Manhattan Beach sits high on a hill and overlooks much of Manhattan and Hermosa Beach and enjoys some of the best ocean and coastline views in all of the South Bay. The neighborhood is also home to some of the largest lots in Manhattan Beach which makes for the most highly sought after homes and the highest home prices…..but with nightly shows like this below how could anyone not want to live here?
Hill-Section-Sunset