Oceanfront Home Still on the Market in the Hollywood Riviera

The beachfront home market is definitely picking up with several recent sales including 425 Paseo De La Playa at $6,900,000 as well as several big sales on the Manhattan Beach Strand, but the oceanfront estate at 433 Paseo De La Playa is still available and at $14,500,000 likely will be for some time. 433 Paseo De La Playa is a gated estate that is impossible to replicate given the lot size and location. This is a massive 7,792 square foot palacial estate with 7 bedrooms and 7 baths. Some of the highlights include oceanfront pool and spa, sport court, theatre, pool room and 4 car garage. The home has actually been on and off the market dating all the way back to 2014. From what we can tell it’s been pulled off and relisted more than 6 times and the price has gone from $16,000,000 to the current $14,500,000 over that time. The challenge is that as magnificent as the location and property is, the home is very formal and opulent which doesn’t fit with the location and therefore would need signficant work and updating for most modern beachfront buyer’s taste.