By Keith Kyle
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.
By Keith Kyle
January 2016 saw another impressive month of home sales and home prices in this luxury coastal community. Althought median prices were down from the prior month, they were up from a year ago and demand continues to be strong. Fewer new construction homes were sold this past month which has some concerned about the abundance of current and future new construction projects in Manhattan Beach.
Visit our sales page to see all of the recent home sales in Manhattan Beach and neighboring communities.
| City | Homes Sold | January 2016 Median | January 2015 Median | Yearover Year % Change% |
| Carson | 27 | $415,000 | $385,000 | 7.8% |
| El Segundo | 8 | $1,074,500 | $799,000 | 34.5% |
| Gardena | 28 | $471,000 | $399,000 | 18% |
| Harbor City | 13 | $500,000 | $454,000 | 10.1% |
| Hawthorne | 33 | $457,000 | $500,000 | -8.5% |
| Hermosa Beach | 10 | $1,783,500 | $1,680,000 | 6.2% |
| Lawndale | 9 | $450,000 | $430,000 | 4.7% |
| Lomita | 12 | $420,000 | $365,000 | 15.1% |
| Long Beach | 241 | $425,000 | $406,000 | 4.7% |
| Manhattan Beach | 22 | $1,760,000 | $1,675,000 | 5.1% |
| Marina Del Rey | 16 | $1497,000 | $855,000 | 75.1% |
| Palos Verdes Estates | 19 | $1,272,000 | $1,251,000 | 1.7% |
| Playa Del Rey | 10 | $574,000 | $527,000 | 9.0% |
| Rancho Palos Verdes | 38 | $900,000 | $1,015,000 | -11.3% |
| Redondo Beach | 66 | $885,000 | $802,000 | 10.3% |
| San Pedro | 47 | $465,000 | $450,000 | 3.4% |
| Torrance | 83 | $632,000 | $617,000 | 2.3% |
| Westchester | 22 | $880,000 | $900,000 | -2.2% |
By Keith Kyle
Liberty Village is a small area of East Manhattan Beach with primarily smaller, original homes built in the 1940s and 1950s. This had always been the least expensive area or Manhattan and homes were often owned by engineers from nearby TRW (now Northrop Grumman). Well times have changed and with lot values now over $1,000,000 even Liberty Village is a viable option for some big money buyers in Manhattan Beach priced out of the other areas.
Although still made up primarily of original homes, many of which have been extensively remodeled by owners or flippers, the area has seen a definite increase in new construction as builders have seen a much higher likelihood of yielding significant profits. Lately numbers have skyrocketed and we’ve inched closer to the $3.0M mark which would have seemed unthinkable a year ago.
The highest sale was at 1631 19th Street which closed at $2,725,000 in June of 2015.
The listing at 1304 Lynngrove initially took that high water mark and then some. Originally listed in February of 2015 for just under $3.2M the home has had a number of price reductions and is now listed at $2,999,900 which is still a huge number for Liberty Village. It will be interesting to keep an eye on the ultimate sales price of this new construction home on a 5300 foot lot as it will likely set the bar for any and all upcoming new construction homes in the area.
We're sorry, but we couldn't find MLS # SB15245725 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
Whenever the real estate market is on fire, as it is right now in Manhattan Beach, the demand for luxury homes intensifies and builders are happy to take advantage of this dramatic increase in demand…..and why wouldn’t they?
It’s not hard to see why builders are scrambling to buy any fixer, tear down, or even the charming, but smaller, beach bungalow. We’re seeing prices of new construction reach heights that would have seemed impossible not long ago and the usual constraints such as smaller lots, less than ideal locations, and even lot prices well beyond lot values don’t seem to matter.
Let’s look at a few recent properties:
750 30th Street in the Tree Section
Sold December 2013 (above left 1952 1138 ft bungalow on 5417 foot lot) at $1,552,000 and recently listed (above right 5 bed/5 bath 5000 sq feet) at $4,499,000
1905 Elm in the Tree Section
Sold in May of 2013 (above left – 1952 beach bungalow) for $1,131,000 and currently in escrow (above right – 5 bed/5 bath 3111 square feet) with list price of $3,100,000
128 14th Street in the sand section
Sold in April 2012 (1954 built triplex) for $1,950,000 and currently in escrow (4 bed/5 bath 4000 feet) with list price of $5,995,800.
433 Marine Place in the Sand Section
Very poor condition home at 433 Marine Place sold for $957,000 in March 2012. Home was torn down with 2 new townhomes put on the lot. Townhome at 433 Marine Place (3 bed/4 bath 2000 square feet) selling at $1,979,000….while second townhome at 432 23rd Street (3 bed/4 bath 1929 square feet) sold for $2,152,000
There are countless other recent sales and a number of new construction projects coming on the market in the next few months.
Call/text us at 310-251-2344 for more information or contact us with any questions.
Currently under construction, this “Beach Plantation” style home located at 750 30th Street, in the tree section of Manhattan Beach is currently 
listed at a pre-completion price of $4,499,000. The home sits on an extra deep lot offering a layout and features not as common on the traditional lots. This luxury home will offer 5,070 square of living space and features 5 bedrooms, 7 baths, 3 fireplaces, a 3-stop elevator, central air, 3-car garage, and a full basement with wine cellar and wet bar. The large south-facing backyard has a covered patio and an outdoor cooking island with built-in BBQ and fridge and is accessed from the large family room via ‘disappearing’ sliding glass doors that recess into the wall. Expected completion is March 2015. Listing information provided by listing agent Sachi Fujita with Shorewood Realtors. Call or text us at 310-251-2344 or contact us for more information on this beautiful home
We're sorry, but we couldn't find MLS # SB14225470 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
The photo is an artist’s rendering based on the architect’s blueprints and is not intended as a precise representation of the finished home.
By Keith Kyle
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.
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| Information provided by Dave Fratello of Confidential Real Estate |
