2016 Manhattan Beach Sand Section Real Estate Recap

Ahh the sand section of Manhattan Beach.  Ocean views, walking distance to the beach and some great housing options including the Strand and family friendly walkstreets.

The sand section had yet another incredible year with values rising rapidly, builders buying everything older than 2000 and demand continual for new properties.  2016 saw impressive numbers in this exclusive part of Manhattan Beach.

 

Type Address Price $ Per Foot Bed/Bath Sq Feet Year Day on MKT
CONDO/A 330 41ST ST #F $1,180,000 $959 2/3,0,0,0 1230 1986 46/46
TWNHS/A 502 Rosecrans AV #B $1,210,000 $722 2/2,0,1,0 1677/A 2000/ASR 125/125
SFR/A 226 44TH ST $1,300,000 $1,729 1/0,1,0,0 752/SEE 1948 34/34
CONDO/A 330 41st ST #E $1,315,000 $1,069 2/1,1,1,0 1230/A 1986/ASR 71/71
SFR/D 222 38th PL $1,325,000 $1,202 2/1,1,0,0 1102/A 1927/ASR 19/147
SFR/D 216 Moonstone ST $1,400,000 $2,056 1/1,0,0,0 681/A 1932/ASR 73/73
SFR/D 131 Kelp ST $1,475,000 $1,053 2/2,0,0,0 1401/S 1929/ASR 175/194
SFR/D 228 28th PL $1,585,000 $1,019 2/1,1,0,0 1556/A 1937/ASR 21/21
SFR/D 205 40th ST $1,600,000 $1,973 2/1,0,0,0 811/A 1929/ASR 14/14
SFR/D 444 28th ST $1,600,000 $2,111 2/1,0,0,0 758/A 1927/ASR 06/06/17
SFR/A 123 El Porto ST $1,600,000 $1,709 2/2,0,0,0 936/A 1927/ASR 0/129
SFR/D 3203 Vista DR $1,610,000 $1,541 2/1,1,0,0 1045/AP 1932/ASR 36/36
SFR/D 537 24th ST $1,650,000 $1,043 3/2,0,0,0 1582/A 1953/ASR 33/33
SFR/A 120 42nd ST $1,725,000 $1,106 2/0,3,0,0 1560/A 1960/ASR 47/47
SFR/D 424 1st ST $1,790,000 $1,418 3/2,0,0,0 1262/T 1953/ASR 102/102
SFR/D 317 8th PL $1,800,000 $1,333 3/2,0,0,0 1350/S 1937/ASR 75/75
SFR/D 200 Moonstone $1,830,000 $1,262 3/3,0,0,0 1450/A 1958/ASR 23/23
TWNHS/A 3602 Manhattan AV $1,850,000 $1,151 3/2,1,1,0 1607/A 1989/ASR 334/334
SFR/D 316 31st ST $1,850,000 $1,395 2/2,0,1,0 1326/A 1962/PUB 16/16
SFR/D 532 21st ST $1,855,000 $1,391 2/1,0,1,0 1334/A 1941/ASR 108/108
SFR/D 410 31st ST $1,950,000 $1,226 3/2,0,0,0 1590/A 1969/ASR 88/88
TWNHS/A 433 Marine AV #B $1,950,000 $1,075 3/3,0,1,0 1814/A 1990/ASR 46/46
SFR/D 817 N Valley DR $1,982,500 $1,322 3/2,0,0,0 1500/SEE 2012/SEE 23/23
TWNHS/A 437 Marine AV #B $1,995,000 $1,100 3/3,0,1,0 1814/A 1990/ASR 39/39
SFR/D 520 24th ST $2,000,000 $1,285 3/2,0,0,0 1556/A 1948/ASR 58/58
SFR/D 334 11th ST $2,000,000 $1,471 3/3,0,0,0 1360/A 1963/ASR 01/01/17
SFR/D 129 15th PL $2,050,000 $1,708 2/1,1,0,0 1200/A 1930/ASR 07/07/17
SFR/D 524 23rd ST $2,100,000 $1,246 4/1,2,0,0 1686/A 1954/ASR 63/63
TWNHS/D 3105 Vista DR $2,100,000 $873 3/2,1,1,0 2406/A 2003/ASR 330/330
SFR/D 464 29th ST $2,150,000 $1,433 3/2,0,0,0 1500/A 1955/ASR 137/137
SFR/D 4021 Ocean DR $2,200,000 $3,873 1/1,0,0,0 568/A 1924/ASR 02/02/17
SFR/D 441 23rd ST $2,200,000 $879 3/3,0,0,0 2504/A 1961/APP 108/108
SFR/D 4109 Crest DR $2,200,000 $1,128 3/3,0,1,0 1950/A 2001/ASR 08/08/17
SFR/D 329 1st Street $2,245,000 $1,083 4/2,0,1,0 2072/A 1970/ASR 44/44
DPLX/A 201 Shell ST $2,250,000 $1,398 4/4,0,0,0 1610/A 1990/ASR 09/09/17
SFR/D 521 24TH ST $2,250,000 $1,554 4/2,0,0,0 1448/A 1947/ASR 16/16
TWNHS/D 200 38th ST $2,250,000 $1,249 3/3,0,1,0 1802/T 2006/ASR 08/01/97
TWNHS/A 2113 Grandview AV $2,255,000 $1,098 3/4,0,0,0 2054/AP 2004/APP 17/17
TWNHS/A 316 13th $2,309,000 $1,100 3/3,0,1,0 2100/A 1999/ASR 70/70
TWNHS/D 425 Marine AV $2,350,000 $1,293 3/3,0,1,0 1817/B 2008/BLD 100/100
TWNHS/D 512 Manhattan AV #B $2,400,000 $1,599 2/3,0,0,0 1501/A 1979/ASR 07/01/29
TWNHS/D 2315 Grandview AV $2,450,000 $1,119 4/3,0,1,0 2190/P 2007/BLD 113/113
TWNHS/A 2803 Alma AV $2,462,500 $1,231 3/3,0,1,0 2000/A 2005/ASR 50/50
SFR/D 229 9th ST $2,500,000 $1,676 2/2,0,0,0 1492/A 1979/ASR 57/57
TWNHS/A 2909 Highland AV $2,530,000 $1,246 3/3,0,1,0 2030/A 2006/ASR 61/61
TWNHS/D 2416 Highland AV $2,599,000 $1,112 3/3,0,1,0 2337/B 2002/ASR 43/43
SFR/D 2821 Crest DR $2,600,000 $1,973 2/2,0,0,0 1318/A 1937/ASR 163/163
SFR/D 444 27th ST $2,610,000 $1,026 3/2,0,1,0 2544/A 2004/APP 07/07/17
TWNHS/A 216 31st ST $2,625,000 $1,435 3/2,1,1,0 1829/A 1991/ASR 81/81
SFR/D 326 2nd ST $2,650,000 $2,454 3/1,1,1,0 1080/A 1941/ASR 61/61
SFR/D 443 23rd PL $2,700,000 $1,134 4/2,1,0,0 2381/A 1933/ASR 01/01/17
SFR/D 2804 Highland AV $2,710,500 $1,130 3/3,0,1,0 2398/A 2003/ASR 29/29
SFR/D 500 4th ST $2,761,500 $2,185 4/2,0,0,0 1264/A 1947/ASR 36/36
TWNHS/A 3603 Manhattan AV $2,800,000 $1,464 3/3,0,1,0 1912/A 1996/ASR 33/33
SFR/D 4101 Crest DR $2,800,000 $1,050 3/3,0,1,0 2667/B 2016/BLD 39/39
CONDO/A 1318 The Strand $3,000,000 $2,179 2/2,0,0,0 1377/AP 1963/APP 07/07/17
TWNHS/A 429 Marine PL $3,065,000 $1,131 4/2,2,1,0 2710/B 2016/BLD 136/136
SFR/D 405 5th $3,150,000 $1,235 4/1,1,1,0 2550/A 1974/ASR 01/01/17
SFR/D 541 4TH ST $3,245,000 $902 4/3,0,1,0 3596 1990 39/111
SFR/D 509 5th ST $3,280,000 $1,333 3/3,0,0,0 2460/SEE 1998/ASR 201/201
SFR/D 435 10th ST $3,350,000 $1,657 4/2,0,1,0 2022/A 1952/ASR 134/134
TWNHS/A 2215 Bayview DR $3,425,000 $1,302 4/3,1,0,0 2630/A 2007/ASR 306/306
SFR/D 336 6th ST $3,487,500 $2,130 3/3,0,0,0 1637/A 1940/ASR 06/06/17
SFR/D 3300 Alma AV $3,525,000 $1,009 4/3,0,1,0 3492/B 2002/ASR 13/13
SFR/A 316 17th ST $3,525,000 $1,978 5/3,0,0,0 1782/A 1951/ASR 40/40
SFR/D 216 9th PL $3,599,000 $1,789 3/1,2,1,0 2012/D 2016/BLD 215/215
SFR/D 428 7th ST $3,650,000 $1,314 3/3,0,1,0 2778/A 1981/ASR 61/61
SFR/D 304 18th ST $3,670,000 $1,393 5/3,0,0,0 2634/AP 1955/ASR 09/09/17
SFR/D 404 4th ST $3,700,000 $3,642 3/1,0,0,0 1016/A 1950/ASR 03/03/17
TWNHS/A 428 23rd ST $3,745,000 $1,369 4/2,2,1,0 2735/B 2016/BLD 36/36
TWNHS/A 814 Highland $3,800,000 $1,516 4/3,0,1,0 2507/B 2016/ASR 248/248
SFR/D 1208 Manhattan AV $3,988,000 $1,418 3/2,0,1,0 2813/B 1987/BLD 08/08/17
SFR/D 404 20TH ST $3,995,000 $999 4/4,0,1,0 4000 2001 41/138
SFR/D 2807 Manhattan AV $4,000,000 $1,269 6/4,0,0,0 3153/A 1968/ASR 13/13
SFR/D 617 Manhattan AV $4,250,000 $2,160 3/1,1,1,0 1968/A 1989/ASR 66/66
SFR/D 3220 Alma AV $4,275,000 $1,272 4/4,0,1,0 3362/B 2015/BLD 135/135
SFR/D 221 Homer ST $4,467,532 $1,784 4/1,2,1,0 2504/B 2016/BLD 43/99
SFR/D 440 6th ST $4,600,000 $1,099 6/5,0,1,0 4186/B 2009/ASR 35/35
SFR/A 212 16th ST $4,625,000 $2,594 5/4,0,0,0 1783/A 1939/ASR 107/107
TWNHS/A 611 Bayview DR $4,650,000 $1,709 3/1,3,0,0 2721/AP 2013/ASR 25/25
SFR/D 216 16th ST $4,960,000 $1,424 5/6,0,0,0 3482/A 1990/ASR 83/174
SFR/D 121 21st ST $5,036,700 $1,543 4/4,0,0,0 3264/A 1981/EST 15/15
SFR/D 2308 Manhattan AV $5,150,000 $1,342 8/8,0,0,0 3839/A 1966/ASR 13/13
SFR/D 516 4th ST $5,250,000 $1,216 5/5,0,1,0 4317/B 2016/BLD 85/85
SFR/D 441 3rd ST $5,350,000 $1,239 5/4,0,1,0 4319/B 2016/BLD 67/292
SFR/D 2908 Manhattan AV $6,000,000 $1,791 3/3,0,1,0 3350/B 2012/ASR 0/110
SFR/D 232 6th ST $7,385,000 $1,710 5/5,0,2,0 4319/B 2016/BLD 168/168
SFR/D 200 16th St. $9,000,000 $2,169 4/4,0,1,0 4150/B 2015/BLD 118/118
SFR/D 125 2nd ST $9,241,000 $2,170 4/4,0,1,0 4258/E 2014/SLR 57/57

205 20th Street – Manhattan Beach Walkstreet Luxury Home For Sale

Brand new to the market, this contemporary home, designed by Louie Tomaro, and built in 2014, offers the best in 205-20th-Manhattan-Beach-Homesluxury coastal living.  Located just a few blocks from the heart of downtown Manhattan Beach, this stunning home offers beautiful open spaces to take full advantage of the seamlessly integrated indoor and outdoor living.  Offering beautiful ocean vistas this home is sure to impress.

Contact us for a private showing of this beautiful walkstreet home in the Manhattan Beach sand section.

We're sorry, but we couldn't find MLS # SB15129473 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Sand Section Home Values Skyrocket – 2014 vs 2013

By Keith KyleManhattan-Beach-Strand

2014 saw huge gains in home values throughout Manhattan Beach but the sand section, the area closest to the ocean, surpassed previous peak values as demand skyrocketed.  The median home price in 2014 for the sand section was $2,277,500 with an average sales price of a whopping $3,111,263.  In all 112 homes sold in this highly sought after coastal community.

While 2013 was a strong year it contrasted considerably with 2014 with a median home price of $1,930,000 and an average sales price of $2,438,000.  The average sales price in the sand section increased year over year by and astounding 27.6%  in one year.

The sand section is the part of Manhattan Beach located closest to the beach and encompasses the oceanfront homes on “The Strand”.

Click here to see the homes sold in Manhattan Beach by month.

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

Housing Inventory Remains Low in the Sand Section

Despite a one month uptick in new listings in the sand section of Manhattan Beach, it appears that there’s no real relief in sight as record low inventory continues.  There were 64 homes for sale in September of 2011 and as of 11/5/14 there are only 17 current active MLS listings.  To a certain extent that lack of inventory for the past 2 straight years has seen home prices rise dramatically.  The average sold home price in September 2011 was $1.736M and the average sales price just 2 years later was $2.864M…..a 65% increase.

The Difference Between Normal Streets and Walk Streets

By Keith Kyle

The homes located on the “walk streets” of Manhattan Beach and Hermosa Beach are highly coveted and far more valuable to similar homes just blocks away that are not on these pedestrian walkways. So what is the difference?

It’s perhaps easiest to see the difference

"Regular" street in Manhattan

“Regular” street in Manhattan

Walkstreet looking west

Walkstreet looking west

 

 

 

 

 

 

 

 

 

What the walkstreet homes allow is somewhat of a front yard that opens up to the very social feel of the neighborhood. Not only is it safer due to the lack of cars, but it becomes and extension of both the home and the front yard and lends itself to a great community feel. In addition the lack of cars means lack of garages so all of the homes fact the more asthetically pleasing parts of the home and not the garages, alleys, etc.

Rare ocean view home and double lot at 121 34th Street in Manhattan Beach

By Keith Kyle121-34th-Street-Manhattan-Beach-Walkstreet

For those rare buyers in which price isn’t much of an issue the home at 121 34th Street in the Manhattan Beach sand section is a very unique opportunity.   The beautiful 4609 foot Cape Cod inspired home is located at the 121 address but is being sold along with the small home/lot that sit’s just west which allows for a full double lot or future home site.  The home is being sold along with 117 34th Street and combined makes for a 5400 foot walkstreet lot located 2 homes from the beach.  Enjoy panoramic views as well as the fact that the bulk of those views can remain protected.  Truly a unique opportunity.

We're sorry, but we couldn't find MLS # SB14162149 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.

2624 The Strand – New Beach Front Home For Sale in Hermosa Beach

By Keith Kyle2624-The-Strand

Recently listed is the beachfront home at 2624 The Strand in Hermosa Beach.  The 2600 block is a fairly ideal location as the elevation from beach to street offers the potential for a slightly higher home, and the north Hermosa sand section location generally means higher owner occupancy, lower density and a different feel from the areas south of the pier.  The home is fairly dated with 3758 square feet on three levels and being built in 1962.  As an older home, however, it does enjoy some of the benefits that new homes don’t enjoy as setback restrictions were more forgiving at the time.   The square footage is great for an older home and with some upgrades this truly could be a showcase property. Contact us for more information or for a private showing.

**Update – Home was sold at $8,950,000

Ultimate Luxury Living on Manhattan Beach’s Walk Streets

By Keith KyleManhattan Beach walk streets

For the ultimate in beach living that doesn’t involve living ocean front, the “walk streets” of Manhattan Beach offer it all.  These pedestrian only “streets” are only found in the sand section and almost always mean that the homes are within a few blocks of the beach.

What makes these streets so unique and so valuable?

Most sand section homes on full lots face the street in the front, homes on both sides and an alley in the back.  Fronting the street means the obvious challenges of car noise, parking challenges and a much higher level of traffic, especially in the summer.  Walkstreets front a sidewalk instead of a street making for a much quieter, safer, and community friendly situation.

Most homes on these streets are full 30×90 foot lots with some being half lots or partial lots.  There is great demand by builders for Luxury walkstreet homes in Manhattan Beacholder “fixers” or tear downs due to the premium location.  Homes generally start in the $3,000,000 for a lot value sale and most larger homes start in the mid $5,000,000s.  Views are often unprotected in this area and is an important consideration having great influence on values.  Future views are not guaranteed and should always be considered.  Due to the steepness of some of the streets there is almost always some type of ocean views looking down the walkstreet.  As there are still an abundance of smaller original homes, its’ not uncommon to have stunning west facing views from the entire top floor.

These fabulous homes are also a favorite of the rich and famous with numerous professional athletes and celebrities living in the neighborhood.

Unfortunately searching and finding homes only on walkstreets isn’t easy as there is no specific category on the local MLS to designate them.  If you would like to receive walkstreet listings please contact us or fill out our daily Manhattan Beach listing request and keep you notified anytime a new home comes on the market.