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.
While the world of luxury flips may be slowing a bit as “fixer” home prices are no longer much of a deal, there are still some beautiful properties coming to market and the home at 3521 Poinsettia is one of them. This was tastefully remodeled with a very bright and inviting beach home style. Open beamed ceilings, beautiful hardwood floors, entertainers kitchen and bright and muted colors throughout make for a wonderful beach style home. Listed by Ed Kaminsky with Shorewood realtors, the home is marketed as a “cottage contemporary home” and features 3 bedrooms, 3 1/4 bathrooms (tax records indicate 2 bedroom 2 bath so buyer should verify), and according to the seller has 1700 sq ft. Contemporary kitchen, with gourmet appliances, brand new cabinets, marble counter tops, wood ceiling and beautiful lighting. The home has great outdoor spaces and resides in the very sought after tree section neighborhood in Manhattan Beach and offers the epitome of the luxury beach lifestyle.
Built in 2008 this Louie Tomaro designed and TR Farnham built craftsman sits in a great American Martyrs section location. Designed with open floor plan this beautiful home offers a gourmet kitchen, and features a lower level that includes a recreation room, kitchen, bedroom suite and a dedicated theatre. The upper level offers a true master suite, and three additional bedrooms all with individual baths. The home takes full advantage of our beach weather with indoor/outdoor living with a covered patio, sitting area with fireplace and grassy backyard Ideally located it’s within walking distance of both Pacific Elementary, American Martyrs school, downtown and and the beach. The home is listed by Susan Boetner with South Bay Brokers. Contact us for a private showing.
We're sorry, but we couldn't find MLS # SB14050063 in our database. This property may be a new listing or possibly taken off the market. Please check back again.