3 beachfront Home sales drive the Manhattan Beach Market in july

With an incredible average sales price of almost $4.5M in July, it’s no surprise that several beachfront homes closed escrow. Multiple $10.0M+ sales definitely move the needle.

The first one might have been of historical significance…..literally.  The home closed on 7/12/22 and went into escrow on 5/19/19.  How often do you see a 3+ year escrow…..but it was.  614 The Strand Manhattan Beach was an older property in a hightly sought after location….not just beachfront but ideally located beachfront.

The second was a bit shorter although only a bit.  2804 The Strand Manhattan Beach closed escrow at $12,700,000 after orignally being listed at $16,499,000 in September of 2021.

The third big sale was 1516 The Strand Manhattan Beach with closed at $16,200,000 after only 153 days on the market.  This beachfront home was the only one listed in 2022…..it had originally been priced at $17,500,000.

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Keith Kyle has been a full time realtor in Manhattan Beach since 2005 and has been recognized as one of the top producing agents at Vista Sotheby’s every year since 2007

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