There have been a number of recent sales on the beachfront Strand in both Manhattan Beach and Hermosa which may be a welcome sign for the many listings that have been on the market for long durations…years in some cases. There just are not that many buyers for this price range and with an abundance of homes on the market all seeming to attempt to price at record numbers…..many homes sit on the market.
This most recent sale was a rare condo so the price point was certainly very different from the single family and duplex properties on The Strand. 1144 The Strand #B closed at $3,500,000 after coming on the market in late 2020 for $4,500,000. The seller’s willingness to come down on price certainly played a role in getting it sold. It was a very large condo with almost 2,500 square feet and 3 bed/2 bath. The biggest challenge was that it had been undergoing a major renovation when put on the market so it was basically a construction site which eliminated any traditional financing and took a buyer with a lot of vision. See all of the beachfront homes for sale on The Strand in Manhattan Beach.