While it’s not scheduled to go “active” for a bit, it’s great news to see an upcoming listing in Manhattan Village The latest listing in the gated community of Manhattan Village is a plan 7 townhome offering a spacious layout with 3 bedrooms, three baths and approximately 2,042 square feet of living space. Features of the plan 7 layout include separate living room and family room, private patio and all three bedrooms on the second level.
Listed by Mori Beiner of Vista Sotheby’s International Realty, this epic coastal modern has everything for the luxury beach lifestyle: Ocean views and breezes, fabulous entertaining spaces and top-of-the-line everything. Completed in 2008, this warm, custom-built home by Steve Lazar was elegantly upgraded post-purchase by the owners with designer finishes, custom lighting and audio systems, built-ins and a full-feature Crestron smart-home automation system (audiovisual, HVAC, lighting, security and more).
The spacious first-floor entertaining rooms open out via folding glass Nana walls to the walkstreet patio with waterfall and fire pit. Upstairs, you can see the ocean while lying down in the master bedroom. Master also features a seating area and a simply smashing bath with rain shower, body sprays and jetted tub. Just outside the other three bedrooms is a “kids’ lounge” with ample room for a sofa and TV. The top floor has floor-to-ceiling glass showcasing major ocean views spanning all the way out to Malibu.
Off Market Listing Courtesy of Mori Beiner of Vista Sotheby’s International Realty
While the market is always slow over the holidays and homeowners often take their homes off of the market for a few weeks, the inventory in Manhattan Beach has reached a new low. As of January 5th there are only 28 homes for sale in all of Manhattan Beach.
Compare that with a high of 189 homes for sale in May of 2010 and you can see just how drastic the market changes have been. Even the summer months (with traditionally the highest inventory as it’s a peak buying season) had 68 homes for sale during the months of July and August.
So what does this mean?…..well that depends on which side of the market you’re on
For sellers the demand is incredible. Prices are at peak levels, sellers are receiving multiple offers on homes priced at market value, buyers are willing to overlook the usual challenges such as busy streets, homes needing updates, and homes with ideal locations or potential are having some amazing bidding wars. See our recent post on the walkstreet, half lot home that sold for almost $600K over list price. If homeowners have given any thought to selling their home, regardless of area, condition and location, it’s an ideal time to sell.
For buyers the market has been incredibly challenging with some buyers simply taking a break from the madness. Builders are buying any home in Manhattan Beach that hasn’t been built in the past 25 years at big numbers, buyers are lined up in certain neighborhoods waiting for the next listing to hit the market (if the home even hits the market as pocket listings are becoming more common in this market) and entry level homes no longer exist.
In this market buyers have to be aggressive if they really want to own a home in Manhattan and need to be even more aggressive for premier properties. Knowing about homes the minute they hit the market, or even before is critical and understanding pricing can make all the difference.
Contact us if you are an eager seller, or frustrated buyer, as we have a deep understanding of the market and can certainly help.
Located at 4020 Bluff Place on the Palos Verdes Peninsula in the city of San Pedro, this magnificent oceanfront home is perched on the bluffs high above the Pacific Ocean and Cabrillo Beach. For the buyer priced out of the Strand in Manhattan Beach, or the cliffs of Palos Verdes this is an incredible opportunity at a fraction of the cost. Compare this to oceanfront prices starting at $5.0M in Palos Verdes, $4.5M price in Redondo Beach, and $13.0M in Hermosa and Manhattan Beach.
The dynamic views are completely unobstructed and extend to Dana Point and even north San Diego on especially clear days. The surf is literally in your backyard where you’ll hear the crashing waves, watch as kite surfers an sailboats ply the waters and enjoy the harbor lights in the evening. The beautiful custom home was built in 2000 and was extensively remodeled in 2011. It is one of a kind and offers the feel of a luxury hotel….with unparalleled views. Surrounded by mature landscaping and a very limited number of neighboring properties, the home affords a sense of privacy and seclusion not often found in the South Bay. The ground floor offers a spacious and open floor plan with lovely new hardwood floors, marble fireplace, and spacious living and dining rooms…all with spectacular views. The open kitchen has all new stainless steel appliances, custom white wash cabinets, and new Italian marble countertops. The 30 foot wide floor to ceiling sliding glass doors open onto the expansive entertainment deck and the ocean beyond. The ground floor also offers a sizable bedroom with it’s own bathroom which is perfect for guest or owners needing a ground floor bedroom. The entire second floor is divided into two huge, finely appointed master suites with a kitchenette in between. Imagine being greeted every morning with an ocean view that will leave you breathless. The upper floor also enjoys an oversized balcony perfect for sitting and relaxing. With over 1000 sq ft of decks enjoy one of the most beautiful stretches of So Cal coastline! Cabrillo Beach is in full view and just a short walk from the house.
Call or text listing agent Keith Kyle for information or a private showing. 310-251-2344 & Keith@KeithKyleHomes.com
We were recently notified about a spectacular home coming to market in September located at 220 35th Street in Manhattan Beach. This is a modern masterpiece enjoying the best of all worlds including top of line finishes, fantastic ocean views, walk street location and inspired design. The home will not be listed until September but according to the listing agent sellers will consider offers prior to listing. The home is expected to be listed at $5,995,000 by Dave Fratello of Confidential Real Estate. Contact us or call/text us at 310-251-2344 for more information or to set up a tour prior to the home going on the market.
Update: This home sold off-market and is no longer available.
220 35th St. Manhattan Beach CA
Manhattan Beach Modern
This epic coastal modern home designed and built by Steve Lazar has everything for the luxury beach lifestyle: Ocean views and breezes, fabulous entertaining spaces and top-of-the-line everything.
Completed in 2008, this warm, custom-built property was elegantly upgraded post-purchase by the owners with designer finishes, custom lighting and audio systems, built-ins and a full-feature Crestron smart-home automation system (audiovisual,
HVAC, lighting, security and more).
Home Details:
Interior: 4br/5ba, approx. 4200 sq. ft. Lot: 2700 sq. ft. Built: 2008, upgraded by owners
Asking price: $5,995,000
Property on waiver. Sellers would review any offers before MLS listing.
Information provided by Dave Fratello of Confidential Real Estate