Coastal Elegance at 516 4th Street in Manhattan Beach

July 7, 2016 by Keith Kyle

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.

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Another Big Month in Manhattan Beach Real Estate

March 6, 2016 by Keith Kyle

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	Year over 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%

Is Liberty Village – Manhattan Beach – Ready for $3.0M Homes?

December 23, 2015 by Keith Kyle

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.

1304 Lynngrove Currently Listed at $2.99M

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.

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It’s Not Hard To See Why Builders Are Buying Everything in Manhattan Beach

October 28, 2014 by Keith Kyle

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.

New Construction in the Manhattan Tree Section

October 27, 2014 by Keith Kyle

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

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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.

Ocean View Off Market Opportunity at 220 35th St in the Manhattan Beach Sand Section

August 16, 2014 by Keith Kyle

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.

220 35th St. Manhattan Beach CA

Manhattan Beach Modern

This epic coastal modern home designed and built by Steve Lazar has everything for the luxury beach lifestyle: Ocean views and breezes, fabulous entertaining spaces and top-of-the-line everything.

Completed in 2008, this warm, custom-built property was elegantly upgraded post-purchase by the owners with designer finishes, custom lighting and audio systems, built-ins and a full-feature Crestron smart-home automation system (audiovisual,
HVAC, lighting, security and more).

Home Details:

Interior: 4br/5ba, approx. 4200 sq. ft.
Lot: 2700 sq. ft.
Built: 2008, upgraded by owners

Asking price: $5,995,000

Property on waiver. Sellers would review any offers before MLS listing.

Information provided by Dave Fratello of Confidential Real Estate

220 35th St. Manhattan Beach CA

Manhattan Beach Modern

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