Back on the Market - 505 Paseo De La Playa in the Hollywood Riviera
After being pulled of of the market for a short period of time, the oceanfront home at 505 Paseo De La Playa is back on the market and avilable priced at $5,500,000. As with many of the sales on Paseo De La Playa it’s an older home in fairly original condition but it’s tough to beat the location. It offers 4 bedrooms, 3 baths and almost 3,200 square feet on an expansive 26,985 square foot lot (BTV) that stretches all the way to the beach.
The price is likely going to be a bit of a reach for the seller as the home just up the street at 529 Paseo De La Playa just closed escrow at $5,650,000 and the home was in similar condition but had a slightly bigger flat yard facing the ocean and also had extensive (and expensive) shoring done to the hillside which is always a challenge due to California Coastal Commission restrictions. The home at 505 Paseo De La Playa has apparently had some hillside challenges. Another upgrade on 529 was the addition of a trail down to the beach when the shoring was done which is a pretty significant value added as it’s so tough to get CCC approval.
505 Paseo De La Playa
Listing courtesy of Dan Mullin – RE/MAX Estate Properties
If you’re looking for something beachfront in So Cal or a condo with a big view, there are several currently on the market along the Esplanade and in The Village in South Redondo Beach. There’s been a nice increase in the number of beachfront and big water view homes and condos on the market in South Redondo in the past few weeks. Take a look below at the current condos for sale along the water.
Current Redondo Beach Homes for Sale
Oceanfront home at 529 Paseo De La Playa
425 Paseo De La Playa, Redondo Beach - Listed for $12,000,000
Welcome to the good life in the South Bay. Welcome to beachfront living in this legacy type property. Welcome to 425 Paseo De La Playa in the Hollywood Riviera. While this home offers a Redondo address it’s actually in the city of Torrance CA. The highest prices are almost always found along the beachfront street known as Paseo De La Playa.
While it’s hard to imagine a home can be a bit of a project at $12,000,000 the eventual buyer is likely to spend a healthy amount truly making this one of the more spectacular homes in the South Bay. Given the condition of the home it seems a pretty aggressive price, but it’s certainly a rare and unique piece of property.
425 Paseo De La Playa could be one of those rare legacy type homes. Perched on the bluffs above Torrance Beach, the home offers incredible and unblockable ocean views. The 28,000+ sq foot lot is unheard of in the South Bay and as with all of the homes along the west side of Paseo, the lots extend all the way to the beach, but this home has an enormous amount of land in front of the home as well. The gated entry and true estate feel make for endless possibilities.While this home is in need of some updating to truly make it a legacy home, the basics are all here.
Listing provided by John Tran and Martin Le of NextGen Team Realty
If you’re looking for a beachfront opportunity that doesn’t come along all that often, 505 Paseo De La Playa might be the home and location for you. Unlike the beachfront homes of the Manhattan Beach Strand and Hermosa Strand, Paseo De La Playa offers even better views and a bit of privacy. They offer very large lots with the land extending all the way down to the beach. It’s rare to see one of these incredible oceanfront homes hit the market and this is no exception. Built in 1962 it’s an older home that feels pretty dated and will likely get/need quite a bit of work to become a luxury home, but as they say in real estate, “location, location, location”.
Paseo De La Playa is a hilly street with the homes on the west side sitting on a beachfront bluff with incredible views of the ocean, PV and the coastline. The home is listed at $5,500,000 this is a 4 bedroom (one bedroom downstairs and 3 upstairs), 3 bath home with just under 3,200 square feet.
505 Paseo De La Playa
New Oceanfront Listing at 615 Esplanade #102
If you’re looking for a more affordable way of living oceanfront in Southern California, the Esplanade of Redondo beach might be just what you’re looking for. Due to denser zoning, there are a number of oceanfront buildings unseen anywhere else in the South Bay. The Sand Castle at 615 Esplanade is one of those buildings.
#102 is a first floor unit, meaning it’s in the front building with somewhat limited views due to the elevation and walkway in front but certainly an opportunity to remodel a bit and have a great full time or vacation property.
We do feel that the price is on the higher side as this is similar to a 5th floor view (first floor of the rear building with obstructed views due to the roof of the front building). The last 2 5th floor units sold in the mid to high $600,000s.
615 Esplanade #102, Redondo Beach CA
New Oceanfront Lease listing at 507 Paseo de la playa
If you read any of our South Bay real estate blog posts you know that one of our favorite streets in all of the South Bay is the oceanfront street of Paseo De La Playa. This homes are simply incredible with massive lots extending all the way to the sand, stunning ocean views and a great sense of privacy as the homes sit high on a hill. The lease listing at 507 Paseo De La Playa offers all of that. The home is a bit dated but the focus is squarely what lies just outside. This home offers 3 bedrooms, 2 baths and approximately 2,600 square feet on two levels.
507 Paseo De La Playa in the Hollywood Riviera
Big Ocean Views in this Rare Redondo 2 Bedroom
The Village Condos in Redondo Beach CA offers some of the most affordable oceanview housing in all of Southern California. The complex also offers low HOA dues and resort like amenities so it’s certainly in high demand. The buildings consist primarily of one bedroom condos with the very occasional studio or two bedroom. 2 bedroom units are rarely for sale.
In addition to them being rare, they’re also the units closest to the water and have straight on ocean views as opposed to angled views looking in between buildings.
630 The Village #116 is a first floor condo with big ocean views. Take a look at the listing details below.
630 The Village #116, Redondo Beach CA
Some homes have a long history on the market and the home at 717 The Esplande in Redondo Beach is certainly one of them. The home is beautiful and offers one of the best locations in the South Bay. If offers privacy you can’t get on the Manhattan Beach Strand or Hermosa Beach Strand and as it sits up high on the bluff the views are spectacular. The price has been a challenge over time, however. Originally listed in 2013 for an unprecedented (at the time) price of $14,250,000. A year later they changed realtors and lowered the price to $12,999,900 and briefly went into contract but that fell through and the home was again pulled off of the market after about a year. It came back on the market at the beginning of 2019 for $12,000,000 with another realtor and was now reduced to $9,975,000. At this price it is definitely worth consideration as it’s a home that’s hard to duplicate. 717 Esplanade offers over 7,000 square feet on a relatively unheard of 11,000+ foot oceanfront lot. Listed with Chris Adlam of Vista Sotheby’s International Realty.