Manhattan Beach Real Estate

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Beachfront Home For Sale at 1516 The Strand at $18,900,000

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The newest offering in a fairly crowded beachfront market is 1516 The Strand, Manhattan Beach priced at $18,900,000.  The home was built in 2005* and offers 4 bedrooms and 4 baths and almost 5,000 square feet on three levels.  It’s very close to the pier which has both upside and downside but the views it offers of the pier, beach and ocean are dazzling.

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1516 The Strand, Manhattan Beach – $18,900,000


Listing courtesty of Kurt Rappaport & James Nasser of Westside Estate Agency

Manhattan Beach Sand Section Real Estate – 2018….By the Numbers

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The Sand Section of Manhattan Beach is often the area most people see when they visit.  Big ocean views….walk to the beach….near constant beach breezes….it’s the epitome of luxury coastal living.  Demand for homes in the sand section remained high in 2018 with 133 home sales during the year.

View the current homes for sale in the Sand Section of Manhattan Beach

Median list prices for homes during the year were $2,980,000 with the median sales price at $2,925,000.  Average list price was just over $3,746,000 with the average sales price at  $3,596,000.  As is always the case with the sand section the numbers were skewed a bit due to some oceanfront Strand homes priced well into 8 digits with the highest sale at a stunning $17,400,000 while 108 The Strand closed out the year at $15,250,000.

2018 Manhattan Beach Real Estate….The Numbers

Date January Feb March April May June July August Sept Oct Nov Dec
For
Sale		 29 42 46 50 51 51 49 49 49 49 36 27
New
Listing		 17 29 22 18 21 26 25 14 18 18 7 6
Sold 7 5 13 11 11 16 16 15 10 12 9 9
Pended 9 11 17 6 14 19 15 13 9 8 11 8
Months
of Inventory (Closed Sales)		 4.1 8.4 3.5 4.5 4.6 3.2 3.1 3.3 4.9 4.1 4 3
Months
of Inventory (Pended Sales)		 3.2 3.8 2.7 8.3 3.6 2.7 3.3 3.8 5.4 6.1 3.3 3.4
Absorption
Rate (Closed Sales) %		 24.1 11.9 28.3 22 21.6 31.4 32.7 30.6 20.4 24.5 25 33.3
Absorption
Rate (Pended Sales) %		 31 26.2 37 12 27.5 37.3 30.6 26.5 18.4 16.3 30.6 29.6
Avg.
Active Price		  $7,293,000  $6,391,000  $5,565,000  $5,902,000  $5,552,000  $5,495,000  $5,751,000  $6,124,000  $5,894,000  $5,614,000  $6,154,000  $5,485,000
Avg.
Sold Price		  $3,153,000  $3,640,000  $3,717,000  $2,642,000  $3,472,000  $3,428,000  $3,656,000  $4,333,000  $4,143,000  $3,963,000  $3,011,000  $4,022,000
 Avg. Sq. Ft. Price (Sold)   $1,518  $1,533  $1,431  $1,273  $1,243  $1,431  $1,330  $1,543  $1,619  $1,543  $1,515  $1,400
Sold/List
Diff. %		 97 96 98 99 100 98 96 96 99 96 97 97
Sold/Orig
LP Diff. %		 94 90 96 99 97 98 92 93 96 94 94 91
Avg
Days on Market		 90 102 37 38 47 22 75 77 24 68 50 90
 Median Sold Price   $2,840,000  $3,264,000  $3,500,000  $2,500,000  $3,725,000  $2,604,000  $2,840,000  $3,250,000  $2,725,000  $3,450,000  $2,700,000  $2,475,000

The Sand Section generally had bewtween 35 and 50 active homes for sale during most of the year with the usual drop off around the holidays and winter months.

Coastal Elegance at 516 4th Street in Manhattan Beach

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By Keith Kyle516 4th Street Manhattan Beach

One of the homes currently on the market (as of July 8th, 2016) that we really like is located at 516 4th Street in the Manhattan Beach sand section.  While not on a walkstreet the home sits on a quiet street and has the look and feel of a walkstreet location.  The home offers a coastal plantation style with a large front yard and patio offering a great mix of indoor/outdoor living.

We're sorry, but we couldn't find MLS # SB16089792 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Big Ocean Views at 3300 Ocean in Manhattan Beach

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Located on a great corner lot in the heart of the Manhattan Beach sand section, 3300 Ocean offers some stunning views and sits just a few steps to the beach.  This townhome offers a great beach feel with an open layout to take advantage of the views.

We're sorry, but we couldn't find MLS # SB15035149 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

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