Listed at a price fairly unheard of for any location other than the beachfront homes of The Strand, 202 Ocean not only came out at a huge list price of $12,750,000 but surprisingly went under contract quickly. If the home sells anywhere close to the list price of it will really set a new standard for the market.
Although the home isn’t on the Strand it’s pretty ideally located just one home back and in the south end of the Sand Section which is always valuable territory. The home offered a corner walkstreeet location with great south and west facing views from every level. Due to the location the current views are basically unblockable which is a rarity for anything other than beachfront homes on the Manhattan Beach Strand. The home offered an impressive 5 bedrooms, 6 baths and almost 4,200 square feet.
Listed by Mori Beiner of Vista Sotheby’s International Realty, this epic coastal modern 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 home by Steve Lazar 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).
The spacious first-floor entertaining rooms open out via folding glass Nana walls to the walkstreet patio with waterfall and fire pit. Upstairs, you can see the ocean while lying down in the master bedroom. Master also features a seating area and a simply smashing bath with rain shower, body sprays and jetted tub. Just outside the other three bedrooms is a “kids’ lounge” with ample room for a sofa and TV. The top floor has floor-to-ceiling glass showcasing major ocean views spanning all the way out to Malibu.
Off Market Listing Courtesy of Mori Beiner of Vista Sotheby’s International Realty
There are a lot of beautiful walkstreet homes that come on the market but with land at a premium open space is not one of the usual features. The new listings at 317 17th Street in the sand section goes to show that you really can have it all…this 11,917 foot home sits on a huge 6,751 foot lot making for the equivalent walkstreet frontage of 2.5 normal 30 foot wide lots. The additional space not only allows for a yard and a luxury pool, but gives the home great separation from the neighbors to the west making for great ocean and beach views.
Listed by Ray Joseph of Palm Realty, the home at 232 6th Street offers big views and an ideal location. Located on a prime south Manhattan Sand section walk street, the home was just completed and is priced at $7,599,000 down from it’s original price tag of $9,000,000 and offers 5 bedrooms, 7 baths, 4319 square feet.
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There is no question that the real estate market in Manhattan Beach has been on fire since the beginning of 2013. Record low inventory and intense demand for luxury homes and prime locations has created a building boom not seen in a long while. Multiple offer situations seem to be the norm and the number of all cash buyers continues to drive this already competitive market. This continued demand from buyers and builders alike has driven prices upward to record numbers and nowhere is the demand greater than in the sand section.
The most recent example was the walkstreet home located at 2401 Manhattan Ave. Just a block to the beach and having fantastic corner lot ocean views this home was certainly going to interest both the owner/user looking for a great location and builders seeking the same. The home was listed at $2,495,000 which is already a huge number for a half lot home but all indications appear that the home had at least 11 offers and sold over $3.0M* which is a staggering number for a home with the limitations that come along with a 1,352 square foot lot. Any future build will be limited to around a max square footage of 2000 feet. The last sale of a new construction half lot (not on a walkstreet which certainly adds value) closed at $3.3M at 124 23rd Street. Over $3.0M for this likely tear down at 2401 Manhattan Ave is a very large number indeed and shows just how far values have come in the past 24 months.
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*Sales price and number of offers is not verified information