We don’t have many details on the buyer or their intentions but this is definitely the home sale of the month in Manhattan Beach. What it really likely a land sale, the beachfront duplex at 516 and 518 The Strand closed in August for $14,500,000. This one is all about the location as the south Manhattan Beach sand section location is about as good as you get.
By Keith Kyle
I’ve written in the past about just how rare and valuable oceanfront homes in Manhattan Beach are. Nothing has changed in that regard as prices have actually reach stratospheric levels and simply put, the number of homes on the beach is limited and always will be. They may rebuild some of them, but there’s no room to build new homes.
Having said all of that it’s fairly amazing that over a quarter of the homes available in the sand section of Manhattan Beach are located on the oceanfront street known as The Strand. A few years back it would have been difficult to find a single Strand home for sale. Now there are 11 and most are staying on the market for quite a while. The primary reason for this is that most Strand home sellers are asking for fairly unbelievable prices for their homes. While there’s always a demand for luxury oceanfront homes even the higher end luxury home buyers are priced out of this neighborhood.