Oceanfront Home at 505 Paseo De La Playa in Redondo Beach Back on the Market

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

505 Paseo De La Playa – Oceanfront Home for Sale in the Hollywood Riviera at $5,500,000

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

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