Real Estate Spotlight – Manhattan Beach – November By the Numbers

While none of the homes that sold in November were oceanfront, it was still a great month for the real estate market in Manhattan Beach California.  There were 45 on mls single family home, townhome and condos sold and escrow closed compared with 43 in November of 2020.  The homes averaged only 42 days on market before going into escrow with a very impressive median home price of $3,130,000.  See how this compares with other months on our Manhattan Beach real estate trends page.

View also the current active homes on the market in Manhattan Beach

Listed at $19,900,000 Luxury Beachfront Home in Manhattan Goes Into Escrow

This was a big one….the new construction* home located at 508 The Strand just recently went into escrow. It had been on the market for quite a while, as many of these ultra high end homes tend to do.  The location doesn’t get much better than this as it’s in a quieter south sand section location near downtown but far enough not to be impacted by the crowds and traffic. *The home was not actually a new build but was an almost complete remodel so basically was new construction.  The home offers 5 bedrooms, 6 baths and over 4,300 square feet (according to builder) of living space.  What we love about this one is the windows.  Strangely some Strand homes just don’t take full advantage of the location and views….not this home.  Walls of windows on all three floors bring the outdoors in and are ideal for modern living.

View all of the beachfront homes for sale on the Manhattan Beach Strand

508 The Strand – Listed for $19,900,000


Listing courtesy of Robb Stroyke -Bayside 310-545-9595

Latest Beachfront Sale on the Manhattan Strand

The latest sale on the beachfront Strand market in Manhattan Beach was definitely a project. It was in the middle of a pretty major remodel and it’s also somewhat challenged with the location as it’s steps to downtown so it’s a fairly congested area.  Having said that views of the pier are spectacular.

This most recent sale was a rare condo so the price point was certainly very different from the single family and duplex properties on The Strand. 1144 The Strand #B closed at $3,500,000 after coming on the market in late 2020 for $4,500,000. The seller’s willingness to come down on price certainly played a role in getting it sold. It was a very large condo with almost 2,500 square feet and 3 bed/2 bath. The biggest challenge was that it had been undergoing a major renovation when put on the market so it was basically a construction site which eliminated any traditional financing and took a buyer with a lot of vision. See all of the beachfront homes for sale on The Strand in Manhattan Beach.

1144 The Strand #B, Manhattan Beach CA 90266 – Sold at $3,500,000


Listing courtesy of Bryn Stroyke – Bayside

Manhattan Beach Strand Update – 5 Homes on…..5 Homes off

Pricing and Patience Key When Selling Oceanfront Homes in Manhattan Beach

The market for beachfront homes on the Strand in Manhattan Beach is very unlike the rest of the South Bay or even the rest of Manhattan Beach. As these oceanfront homes garner prices unrealistic for even high end home buyers, they often sit on the market or have numerous price reductions before selling. As they’re also frequently pulled off of the market and then put back on with different realtors, the days on market is actually considerably higher than it shows. Some homes can sit on the market for several years.

At the moment there are 5 active homes for sale on The Strand in Manhattan Beach, but that’s with 4 homes recently being removed from the MLS or expiring. Most of these are likely to make another apppearance soon.

 

homes recently pulled off of the MLS for one reason or another.

 

StatusAddressPrice when expiredPrevious PriceOriginal Price$ Per FootSqftTotal Days On MarketDate Off Market
Expired4117 The Strand $5,999,000$6,500,000$6,900,000$2,139.442804/A1,140+2/29/2020
Expired4122 The Strand   $6,700,000$7,200,000$8,200,000$1,612.904154/A1,140+2/29/2020
Expired2200 The Strand   $8,500,000$8,995,000$10,000,000$1,771.204799/A13112/31/2019
Expired3400 The Strand   $15,900,000$16,750,000$19,300,000$2,902.525478/A5832/29/2020
Expired (relisted)3808 The Strand   $16,650,000$16,650,000$16,650,000$3,489.104772/B$9912/19/2019

Current Beach Front Homes for Sale on The Strand in Manhattan Beach

Manhattan Beach Strand Beachfront Home for Sale at 1804 The Strand

1804 The Strand just recently came on the market increasing the current (as of 2/14/20) number of beachfront homes to 6 with another coming back on the market shortly at 3808 The Strand.  Priced at $18,500,000 they’re asking for quite a premium as it’s not new construction, but the location is tough to beat as it is a few blocks from the congestion of downtown while still being walkable to downtown and the pier.  It also offers views of the iconic Manhattan Beach pier.  Located on a higher elevation of the Strand, it offers staggering views of the beach, ocean and the pier.  The property is actually a duplex with a 3 bedroom owners unit and a 2 bedroom guest unit. Priced at $18,500,000 it’s going to take a special buyer.  Listed with Vista Sotheby’s International Realty in Manhattan Beach.

  • $18,500,000
  • 5 bedrooms (3 bedroom unit and 2 bedroom unit)
  • 5 baths
  • 3,994 sq feet*
  • 3,329 sq foot lot*

1804 The Strand Manhattan Beach CA 90266

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Vista Sotheby's International Realty is one of the leading real estate firms in the South Bay and Southern California representing buyers and sellers of fine beachfront homes

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