November saw three beachfront homes or properties sell during the month which may be a nice sign for the many other home sellers on The Strand as it’s been a very slow market.
2722 The Strand was a very unique opportunity as it was beachfront corner double lot. The value was really in the land as the home was older and dated but the opportunity for a true legacy home wasn’t hard to see. The current home was a little over 6,000 feet (which in itself is a rarity) and the lot was slightly smaller than 7,000 square feet. According to the listing agent the lot size allowed for the build of an 11,500+ foot home which is just about impossible to replicate anywhere else…especially with the city no longer allowing lots to be combined.
View all of the current beachfront homes for sale on the Manhattan Beach Strand.
2722 The Strand – Sold at $17,750,000
Listing courtesy of Ann Walker – Sotheby’s International Realty
past few years but the 61 sales in September 2020. The median “asking” price of the homes that sold was $2,899,000 with the median “sold” price of $2,880,000 indicating the continuation of a market very favorable to sellers. The average price per foot was $1206 and the average days on market before selling was 49.