Manhattan Beach Real Estate

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Big Sale of the Month – Beachfront Home at 2722 The Strand Closes at $17,750,000

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November saw three beachfront homes or properties sell during the month which may be a nice sign for the many other home sellers on The Strand as it’s been a very slow market.

2722 The Strand was a very unique opportunity as it was beachfront corner double lot.  The value was really in the land as the home was older and dated but the opportunity for a true legacy home wasn’t hard to see.  The current home was a little over 6,000 feet (which in itself is a rarity) and the lot was slightly smaller than 7,000 square feet.  According to the listing agent the lot size allowed for the build of an 11,500+ foot home which is just about impossible to replicate anywhere else…especially with the city no longer allowing lots to be combined.

View all of the current beachfront homes for sale on the Manhattan Beach Strand.

2722 The Strand – Sold at $17,750,000


Listing courtesy of Ann Walker – Sotheby’s International Realty

Big Sale in August – Beachfront Duplex on the Strand in Manhattan Beach Closes at $14,500,000

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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.

View the other beachfront homes for sale on The Strand in Manhattan Beach as well as Hermosa Beach Strand homes

11 of 39 Sand Section Homes for Sale are Oceanfront

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By Keith KyleManhattan-Beach-Strand

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.

 

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