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New Construction Homes in Manhattan Beach

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New Construction Luxury Homes in Manhattan BeachMB-Construction

With building and new construction homes in full swing in the luxury coastal community of Manhattan Beach, there seems to always be a newly built home coming to market.  As values have increased so dramatically for new construction, builders, developers and architects are going the extra mile to entice buyers.  These new homes feature high end finishes, the latest trends in home building, luxury amenities and are often in A+ locations.  Contact us for lists of current or upcoming new construction homes or visit our daily home updates to have new listings emailed to you.

Current New Construction

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(all data current as of 9/15/2019)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Manhattan Beach Sand Section Micro Market Update

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By Keith KyleManhattan Beach sand section homes

The sand section of Manhattan Beach is the epitome of luxury coastal living with spectacular beachfront “Strand” homes, walkstreet homes with stunning views and all within walking distance from the beach.  Here’s a quick recap of what’s going on in the Manhattan Beach sand section real estate market:

  • Active homes for sale – 14
  • Lowest list price – $1,325,000  –   420 29th Place
  • Highest list price – $9,999,999  –  4108 The Strand
  • Average list price – $3,379,786
  • Average price per square foot   –  $1,219.87
  • Average Days on Market   –  63
  • In escrow – 14
  • Total homes sold in 2014 YTD – 43
  • Average sales price – $3,057,174
  • Average price per square foot – $1,288.95

East Manhattan Home Prices Reaching New Levels

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By Keith KyleEast-Manhattan-Craftsman

Nowhere have we seen prices skyrocket in the South Bay over the past 16 months more than the luxury market of  Manhattan Beach.  In some areas we’ve not only returned to peak prices but well surpassed previous the high water mark for luxury homes.  Manhattan Beach’s most affordable area, known as East Manhattan, is no exception with formerly unheard of prices starting to become the norm.

East Manhattan Beach is the area of town east of Sepulveda Blvd and west of Aviation.  Due to being further from the beach, values have historically been considerably lower than other areas of this coastal community.  Excluding the truly rare oversized lots, prior to January 2014 there had only ever been 8 homes that had listed and sold over the $3,000,000 mark.

Oh how times have changed

As of April 20th there are currently 5 homes active on the market priced over this rare price point as well as 2 recent sales.  Time will tell if this is the new normal or just a matter of a vast number of luxury home sellers attempting to take advantage of this very favorable market, but either way the pricing trend in East Manhattan is a great indicator of just how incredible the market has been and continues to be.

Current Luxury Homes in East Manhattan Beach 

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