A recent home sale saw a buyer get a great deal on a very unique home. 3004 The Strand was a “historic” home with a very unuusal layout, design and configuration that closed escrow in June 2020 at a price significantly below the list price. It was listed at $9,495,000 and closed at $7,000,000. It may not be a coincidence that it’s one of the few beachfront home sales in the past year. It hadn’t been on the market (especially in relation to most current beachfront homes on the market) long but sold at a significantly lower price.
View all of the homes for sale on the Manhattan and Hermosa Strand.
basically a lot value sale and had been on an off the market for some time with a number of price reductions. Originally listed in January of 2019 for $9,950,000 the price was reduced $8,999,000 in July, then $8,250,000 in October, to settling at $7,950,000 in November. It’s not unusual for most Strand homes to sell for way below original list price (in large part to not being priced in line with value originally) but this was an almost 25% drop from list price. The two most recent sales on the beach have both been tear down/lot value sales. The prior sale was at $8,525,000 for 3212 The Strand.