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

3420 The Strand Manhattan Beach – September’s Big Sale

The biggest sale of the month was located on the oceanfront Strand at 3420 The Strand. This was a pretty spectacular home perched fairly high on the dune offering stunning views. The home featured 5 bedrooms, 6 baths and an enormous 5,500 square feet on 3 levels. Built in 2003 and designed by renowned Architects Grant Kirkpatrick and Erik Evens of KAA Design Group, 3420 The Strand enjoys a corner walkstreet lot with great beach and walkstreet frontages.

Originally listed at $17,995,000 and reduced in July to $16,500,000 the home sold for $15,400,000. For information on the current oceanfront Strand homes for sale contact Manhattan Beach realtor Keith Kyle with Vista Sotheby’s International.

417 and 421 Paseo De La Playa – Manhattan Beach Oceanfront Strand Alternative

While $25,000,000 is a list price that we occasionally see in Manhattan Beach, it really takes something special to come on the market in

this rarified air anywhere else.  Something special it is, however.  While the price is staggering for the Hollywood Riviera, there’s no disputing that the home (s) being sold at 417 Paseo De La Playa are pretty incredible.  The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale.  What also makes this compound type property unique is the beach access.  It can take years to go through the California coastal process of trying to get beach access and it’s often denied.  In this case there’s not only beach access but a private volleyball court!  Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.

With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.

We're sorry, but we couldn't find MLS # PV17206016 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Oceanfront “Strand” Home Inventory Continues to Increase

By Keith Kyle

In a real estate market dominated by huge demand and record low inventory, the luxury homes of the Strand in Manhattan and Hermosa Beach continue to buck the trend. While prices on these priced oceanfront homes continues to skyrocket, buyers for this luxury product are obviously in short supply as the inventory continues to mount.  Contact us for more information about these homes or visit our  Strand homes for sale page for the latest oceanfront listings.

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108 The Strand – Luxury Beach Front Living in Manhattan Beach

Designed by renowned architect Louie Tomaro this spectacular ocean front home combines modern luxury with a 108-the-strand-manhattan-beachcasual elegance fitting well into the Manhattan Beach Strand landscape.  Designed with a modern flair the home is a showcase property for the most discerning buyer.  Featuring 5 bedrooms, 8 bathrooms and over 6500 square feet the home is designed with entertaining in mind and with the beachfront location, you won’t have to look hard for friends to entertain.

We're sorry, but we couldn't find MLS # 17242684 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Bucking the trend there’s no shortage of oceanfront home for sale in Manhattan Beach

By Keith KyleManhattan-Strand-Homes

When it comes to the best in Southern California coastal lifestyle, it doesn’t get any better than life on The Strand in Manhattan Beach.  Manhattan Beach’s beach front address offers some of the most sought after, and valuable properties in California.  Prices along this oceanfront stretch have skyrocketed in the past few years as more luxury and high end buyers have determined that Manhattan Beach is the place to own and live.  Builders, pro athletes, entertainers and other big money players have snapped up everything from luxurious new construction to fixers and tear downs.  That trend may be slowing, however, as the number of homes available continues to increase while the current listings often take longer to sell.

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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.

Oceanfront Home Values Just Keep Rocketing Up on The Manhattan Beach Strand

By Keith KyleManhattan Beach Strand

Just when we thought Strand prices had reached stratospheric levels, a wave of new listings has shown that they’re set to go well higher.  Prices that two years ago would have been unthinkable now appear to be the norm.  Currently there are 4 oceanfront properties on the market in Manhattan Beach and the lowest priced home is listed at $16,000,000, located at 3120 The Strand with the highest price being $28,900,000 at 1000 The Strand.  View details on the current oceanfront homes for sale on The Strand in Manhattan Beach.  The current average list price for these oceanfront homes is over $20,000,000 with an average price per foot of over $5,000.  To put this in perspective the previous high water mark was $15,750,000 for 1904 The Strand which sold back in November 2014.  There have only been 2 other on market sales over $12.0M.

Manhattan_Beach_Strand_Homes_for_Sale

 

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Our Latest Listing the LA Times Home of the Week

This ocean-view home in the Point Fermin area of the Palos Verdes Peninsula is perched on the bluffs Home-Of-The-Week-Large-Photo
above Cabrillo Beach. Extensively remodeled in 2011, the custom home has multiple decks and 30 feet of picture windows on two levels that take in picturesque views of the Pacific.

Source: A bluff-top home with an ocean view in San Pedro – LA Times

3035 The Strand Beach Front Home Doesn’t Last on the Market for Long

By Keith KyleOceanfront Homes in Hermosa Beach

Some good things just aren’t destined to last.  Located in the highly desirable north sand section of Hermosa Beach, the home at 3035 The Strand has already gone into escrow after just a few short days on market.  The home had recently had an exterior face lift and our recent beautiful weather didn’t hurt it’s appeal or marketability.  The home features 3219 square feet, multiple floors with panoramic views, 3 bedrooms, 4 bathrooms and sits on a 3000 foot lot in one of the quieter areas of The Strand.  Ocean and beachfront homes on The Strand have seen values skyrocket as of late and some of these beachfront homes don’t last long.  Listed at $8.5M, which would have been a high number not long ago…..it basically sold the moment it hit the market.

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