By Keith Kyle

There’s no question that builders have jumped wholeheartedly back into the luxury market of Manhattan Beach as prices have soared and seem poised to continue so for quite a while due to the low inventory and pent up demand.  Recent prices on new construction homes and even flips have surprised even the most optimistic and it’s not surprise that many original condition homes and fixers are being sold for lot value.  Most of these sales are to builders but that’s not always the case as many buyers are willing to build their dream home and pay a premium over what builders are willing to pay.  I wanted to thank Mike Michalski from South Bay Brokers for putting this list together.

LOT SALES
Address                          Size    (WxH)               Orientation                           Price                 Sale Date
750 35th St                  5406   (40 x 135)          South-facing, Interior       $1,120,000        10/9/2013
1905 Elm Ave             4480   (40 x 112)           West-facing, Interior        $1,131,500         5/8/20 13
3113 N Poinsettia       4640   (40 x 116)           West-facing, Interior       $1,140,000      10/18/2013
717 25th St                   5120   (40 x 128)          North-facing, Interior      $1,150,000          5/8/2013
Busy intersection
605 25th St                 5121   (40 x 128)           North-facing, Interior       $1,250,000       4/12/2013
1313 Pine Ave           4480   (40 x 112)            West-facing, Corner          $1,300,000       In Escrow
1600 N Poinsettia   4200   (37.5 x 112)          East-facing, Interior         $1,350,000+
2900 N Ardmore     7500   (75 x 100)            South-facing, Interior       $1,350,000         4/17/2014
Busy street
2409 N Poinsettia   4480   (40 x 112)            West-facing ,Interior         $1,400,000        4/16/2014
2517 Laurel Ave       6867   (63.5 x 108)        West-facing corner             $1,400,000         3/5/2014
750 30th Street        5400 (40×135)               South-facing, Interior        $1,515,000         12/4/2013
636 12th Street         3000 (30 x 100)            South-facing, Interior        $1,589,000       10/17/2013
Possible view, Am Martyrs
3311 Elm Ave            8793   (irregular)          West-facing, interior          $1,611,000          9/18/2013
1804 Agnes Rd        4800   (40 x 120)           East-facing, interior            $1.700,000          5/22/2013 Private party
American Martyrs
738 29th Street       4800   (40 x 120)          South-facing, Interior          $1,750,000         3/31/2014
677 19th Street         9631   (Irregular)         North-facing, Interior          $1,850,000       4/11/2014
Some downslope, Am Martyrs
3309 Walnut Ave     9287   (80 x 116)           West-facing, Interior           $2,050,000      12/24/2012 Double lot
544 Marine Ave        5885   (60 x 99)             South-facing, Interior         $2,250,000       5/14/2013
Double lot
3312 N Poinsettia     9282   (80 x 116)           East-facing, Interior            $2,350,000       1/29/2014
Double lot, some downsloping
524 15th St                  6311  (50 x 125)         South-facing, Interior           $2,500,000       8/13/2013
Some view potential American Martyrs