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 # 16165002 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

11 of 39 Sand Section Homes for Sale are Oceanfront

By Keith KyleManhattan-Beach-Strand

I’ve written in the past about just how rare and valuable oceanfront homes in Manhattan Beach are.  Nothing has changed in that regard as prices have actually reach stratospheric levels and simply put, the number of homes on the beach is limited and always will be.  They may rebuild some of them, but there’s no room to build new homes.

Having said all of that it’s fairly amazing that over a quarter of the homes available in the sand section of Manhattan Beach are located on the oceanfront street known as The Strand.  A few years back it would have been difficult to find a single Strand home for sale.  Now there are 11 and most are staying on the market for quite a while.  The primary reason for this is that most Strand home sellers are asking for fairly unbelievable prices for their homes.  While there’s always a demand for luxury oceanfront homes even the higher end luxury home buyers are priced out of this neighborhood.

 

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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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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And Then There Were 50 – Housing Inventory Slowly Rising in Manhattan Beach

By Keith Kyle432 23rd place

Although many listings are still selling the moment they hit the market, often over asking with multiple offers, the good news for buyers is that inventory is slowly creeping upward.  As of March 12th there are 52 homes for sale in Manhattan Beach.  While that’s 25% of the high point a few years back, it’s still twice the number of homes for sale just 45 days ago.  Currently the least expensive home in Manhattan Beach is listed at $895,000 for a court home in Manhattan Village.  The most expensive home currently on the market is and oceanfront home on The Strand listed for just under $14,000,000.  The average listing price in Manhattan Beach is currently $3,573,000.

MLS Home Type   Address  List Price  Bed/Bath Age Sq Feet
SB15003321 SFR/D 225 36th ST  $ 1,549,000.00 1/1,0,0,0 1933/ASR 728/A
SB15043119 SFR/D 212 40th ST  $ 1,995,000.00 3/2,0,0,0 1929/ASR 1518/A
SB15041122 TWNHS/D 3105 Vista DR  $ ,300,000.00 3/3,0,1,0 2003/ASR 2406/A
SB15037432 SFR/D 2216 Grandview AV  $ 2,349,000.00 2/1,0,0,0 1948/ASR 846/A
SB15047443 SFR/D 464 35th ST  $ 2,599,000.00 3/2,1,0,0 1988/ASR 3100/A
SB14241757 TWNHS/A 229 Rosecrans PL  $ 2,699,000.00 3/3,0,1,0 2014/BLD 2200/E
PV15045681 SFR/D 2804 Highland AV  $ 2,749,000.00 3/3,0,1,0 2003/ASR 2398/A
SB15013335 TWNHS/A 3215 Vista DR  $2,880,000.00 3/3,0,1,0 2014/BLD 2400/E
SB15048966 SFR/D 472 28th ST  $2,900,000.00 4/3,0,1,0 1988/EST 2586/A
SB15029488 SFR/D 541 4th ST  $ 3,989,000.00 4/3,0,1,0 1990/ASR 3596/A
SB15035149 TWNHS/A 3300 Ocean DR  $ 4,249,000.00 3/3,0,1,0 1992/ASR 2000/A
SB15052080 SFR/D 340 7th ST  $ 4,599,000.00 5/3,0,2,0 1988/ASR 3852/A
SB13078507 SFR/D 416 8th ST  $ 4,799,000.00 5/4,0,1,0 2014/EST 4200/E
SB15040562 SFR/D 121 35th ST  $ 4,999,999 4/4,0,0,0 1937/ASR 3546/A
SB15024360 SFR/A 501 Manhattan AV  $ 5,999,999 4/3,0,1,0 1948/ASR 2288/A
SB15043267 SFR/D 3421 Manhattan AV  $ 7,250,000 4/4,0,0,0 2002/ASR 4200/E
SB15047232 SFR/D 235 4th ST  $ 10,000,000 3/1,0,0,0 1924/ASR 1216
SB15052322 SFR/D 229 4th ST  $ 10,000,000 3/2,0,0,0 1920/ASR 1736/A
SB14139027 SFR/D 1140 The Strand  $ 13,999,000 5/4,0,0,0 1957/ASR 2808/A
SB15046398 SFR/D 1405 Oak AV  $ 1,249,000 2/1,0,0,0 1952/ASR 794/A
SB15052111 SFR/D 2209 Oak AV  $ 1,385,000 3/2,0,0,0 1948/ASR 1175/A
SB15031614 SFR/D 7 Laurel  $ 1,725,000 4/2,0,1,0 1976/ASR 2324/A
SB15051487 SFR/D 3528 Maple AV  $ 1,849,000 3/2,0,1,0 1963/ASR 1780/S
SB15020097 SFR/D 1208 Oak AV  $ 1,999,000 5/4,0,0,0 2004/ASR 3122/A
SB15014658 SFR/D 1512 Ardmore AV  $ 1,999,999 2/1,1,0,0 1953/ASR 1032/A
SB15004582 SFR/D 3413 Elm AV  $ 2,199,000 4/3,0,1,0 1981/ASR 3412/AP
PW14258199 SFR/D 3613 Walnut AV  $ 2,499,900 4/4,0,1,0 1988/ASR 3545/T
SB15005912 SFR/D 3525 Walnut AV  $ 2,674,000 5/3,1,0,0 2001/ASR 3509/A
SB15029988 SFR/D 2412 John ST  $ 2,799,000 3/2,0,1,0 2015/ASR 1890/B
SB15028167 SFR/D 620 36th ST  $ 2,935,000 4/4,0,0,0 2002/ASR 3776/A
SB14216358 SFR/D 750 35th ST  $ 3,275,000 5/4,0,1,0 2014/BLD 3714/B
SB14218397 SFR/D 636 12th ST  $ 5,300,000 5/5,0,1,0 2014/BLD 4330/B
SB15050953 SFR/D 835 17th ST  $ 5,799,000 6/5,0,1,0 2006/ASR 5890/A
SB15039938 SFR/D 915 Boundary PL  $ 1,750,000 2/1,0,0,0 1953/ASR 864/A
SB14230617 SFR/D 1007 Pacific AV  $ 6,200,000 5/3,0,2,0 1948/ASR 4200/S
SB15036240 SFR/D 1000 Highview AV  $ 6,499,000 5/2,2,2,0 2001/SLR 5541/A
SB14234309 SFR/D 839 2nd ST  $ 7,100,000 7/6,0,0,0 1947/ASR 6020/S
SB15013611 TWNHS/A 29 Catalina CT  $ 895,000 2/2,0,0,0 1984/ASR 1465/A
SB15010336 TWNHS/A 14 Dover PL  $ 1,435,000 3/2,0,1,0 1987/ASR 2042/A
PW15035682 TWNHS/A 5 Malaga  W  $ 1,449,000 3/2,0,1,0 1984/BLD 2064/B
SB15025842 SFR/D 1551 23rd ST  $ 1,500,000 3/2,0,0,0 1968/ASR 2046/A
SB15034938 SFR/D 1304 Lynngrovee DR  $ 3,199,900 5/5,0,1,0 2015/BLD 3746/B
SB15036473 SFR/D 1321 21st ST  $ 4,499,900 5/5,0,1,0 2015/BLD 5061/B
SB15049184 SFR/A 1160 11th ST  $ 1,299,000 4/2,0,0,0 1949/ASR 1205/A
SB15050764 SFR/D 1727 Curtis AV  $ 1,749,000 3/2,0,1,0 2015/SEE 2172/A
14798245 SFR 1226 10TH ST  $ 1,750,000 5/4,0,0,0 1944 3434
SB15037876 SFR/D 1220 Keats ST  $ 1,800,000 3/1,1,0,0 1953/ASR 1262/A
SB14242203 SFR/D 1127 5th ST  $ 2,195,000 5/3,0,0,0 1947/ASR 2822/A
SB15033654 SFR/D 1521 2nd ST  $ 2,499,000 5/3,0,1,0 2010/SLR 3299/S
SB15052082 SFR/D 1612 5th ST  $ 2,500,000 5/3,1,0,0 1991/APP 4400/AP
SB15034915 SFR/D 1131 6th ST  $ 4,499,900 5/2,3,0,0 2015/BLD 5022/A
PW15038378 SFR/D 1561 Mathews AV  $3,400,000 6/7,0,0,0 2015/BLD 5200/B

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.

California’s Most Popular Town for Luxury Homes: Video – Bloomberg

California’s Most Popular Town for Luxury Homes: Video – Bloomberg.  Bloomberg gives a great representation of Manhattan Beach and the current real estate environment in this luxury coastal community near Los Angeles.

See the current homes for sale in Manhattan Beach as well as recent home sales.

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.

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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.