Coastal Elegance at 516 4th Street in Manhattan Beach

By Keith Kyle516 4th Street Manhattan Beach

One of the homes currently on the market (as of July 8th, 2016) that we really like is located at 516 4th Street in the Manhattan Beach sand section.  While not on a walkstreet the home sits on a quiet street and has the look and feel of a walkstreet location.  The home offers a coastal plantation style with a large front yard and patio offering a great mix of indoor/outdoor living.

We're sorry, but we couldn't find MLS # SB16089792 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Manhattan Beach Half Lot Home Sells for $510,000 Over List Price!

By Keith Kyle2401 Manhattan Ave

If there was any doubt about the intensity of the housing market in the sand section of Manhattan Beach, the recent sale at 2401 Manhattan Ave should put those doubts to rest.

Manahattan Beach has been an incredible market over the past 2 years and, as realtors, we are used to seeing multiple offer situations and homes selling over asking price.  The recent sale at 2401 Manhattan Ave simply amazes, however.  Listed on October 27th, the home received immediate and overwhelming interest with multiple offers with most being over the asking price.  The home was fairly appropriately priced man-ave-lrat $2,495,000 (which would have been an unheard of number a year earlier) and sold for a whopping $3,005,000.  The location was ideal as it was a corner lot on a walk street allowing for somewhat unblockable views and just a half block to the beach.

The home, however, was certainly dated and sits on a “half lot” (1350 sq feet, meaning that it does not extend from the walk street to the alley which most homes in the area due….very much limiting the size of a home that could be built to around 2000 feet). As it was built in 1937 and given the condition it certainly appears that the home is going to be torn down with a new high end luxury home replacing it.  Given the incredible sales price and construction costs the owner is likely to be in the mid low to mid $4.0M range when manhattan-aveall is said and done…… for a 2200 foot home.  It shows just what location and a view is worth.

If this doesn’t show just how hot the Manhattan Beach market is, nothing will.

Upcoming Walkstreet Listing at 2903 Manhattan Ave in the Sand Section

South Bay Brokers and Jack Gillespie will shortly be bringing 2903 Manhattan Ave to Market for an estimated list price of $5,000,000.  Located on corner lot on Manhattan Ave with frontage on the walkstreet, this home features some pretty stunning views and offers 4,175 square feet, 3 bedrooms, 3 1/2 baths and was built in 1992.  It is definitely a unique home with features you don’t see in most luxury beach homes but for the right buyer it will be all about location, location, location.  Contact Keith Kyle for more information.