Manhattan Village is certainly unique. Not only is it the only gated community in Manhattan Beach with a look and feel unlike anything in the area, but it also has seen an uptick in single family home inventory while every other area of Manhattan awaits any sign that we’re past the days of record lows for the number of homes for sale. As of April 28th 2014 there are 3 active listings for single family homes and one active townhome for sale. In addition there are 2 SFRs currently in escrow. This may not sound that unusual but considering there have been a total of 11 homes sold the 3 years prior gives a clear indication that this is not the norm.
Located in the section of Manhattan Beach known as “East Manhattan”, Liberty Village remains the most affordable neighborhood in this luxury real estate market. One of the primary reasons for this affordability is that, unlike many of the other neighborhoods or “sections” many original homes built in the 40s and 50s still remain. As proximity to the beach is one of the driving factors in price, Liberty Village is the furthest east that Manhattan reaches. Lot sizes are often smaller than other areas of east Manhattan and are generally just a little below 5000 sq feet which is significant as the demand for land from builders is considerably less than the larger lots found to the south. As with all neighborhoods in this prosperous city, the schools rank in the top of the country, streets are charming and the area has a very safe and family friendly feel. Although the concept of $1,000,000+ starter homes is likely to raise eyebrows in most markets, prices generally hover around this mark and are the most affordable single family homes in Manhattan Beach.
Whenever I walk into a home I try to envision everything from a buyer perspective. Some homes require some vision to see the potential that is just below the surface and others are picture perfect. 1417 Pine in the Manhattan Beach tree section falls into that latter category and will likely appeal to a mass audience looking for something warm and charming. The curb appeal is excellent and the interior shows beautifully with bright open spaces, nicely prepped and staged rooms and a good sized backyard to enjoy the year-round summer weather.
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“Starter” Homes in Manhattan Beach Harder and Harder to Find
By Keith Kyle
For the first time in quite a while there are no single family homes currently active for sale in any area of Manhattan Beach priced under $1,000,000.
Currently there are 5 single family homes in escrow that are priced under $1,000,000 with almost all exclusively in the Liberty Village area which is the most affordable neighborhood in Manhattan Beach. Gone may be the days of homes in the sub $1,000,000 range. Below are the current homes in escrow (as of 12/18/13) and below is a historical chart showing the past 3 years of homes below $1.0M.
El Segundo CA has a wonderful small town feel. Between the excellent school system an the charming feel of Main Street it is an ideal place to call home for those wanting to be near the big city, but not live in the big city. El Segundo is conveniently located near major freeways, LAX, and the beautiful beaches of the South Bay.
Current Single family homes for sale in El Segundo CA