New Beachfront Duplex Hits the Market at 516 The Strand

516 The Strand, Manhattan Beach

While we haven’t had the chance to walk through this duplex in Manhattan Beach, we know the location is pretty tough to beat.  With an ideal South Manhattan beachfront location this duplex offers two beachfront units each with 2 bedrooms and 2 baths and a little over 900 sq feet each.  As this is likely an eventual land value/lot sale, the property sits on a 3,328 foot lot with approximately 33′ beach frontage.

Beachfront duplex listed at $14,500,000

New Beachfront Home Joins a Crowded Strand Market at 1516 The Strand in Manhattan Beach

1516 The Strand Mahattan Beach

The latest addition to the crowded beachfront Strand market is 2005* built 3 level home at 1516 The Strand.  Just a few blocks from the Manhattan Pier this is not a bad place for home quarantine and offers a luxurious vacation lifestyle. 

With just under 5,000 square feet* this 4 bed, 4 bath home was originally a custom build and offers incredible views of the beach, ocean and Manhattan Pier.

The location has pros and cons as it’s very close to the pier so it makes for an easy venture into the downtown areas but it’s also close enough to be impacted a bit by the congestion….especially in the summer.  

1516 The Strand, Manhattan Beach - Priced at $18,900,000


Listing courtesty of Kurt Rappaport & James Nasser of Westside Estate Agency

3808 The Strand Reduces Price Below $15M

3808 The Strand Now Priced at $14,800,000

 

  • 4,772 sq feet
  • 4 bedrooms, 7 total baths
  • 500 foot media room/theatre
  • 3 beachfront levels

 With 4,772 square feet of living space, the creative design offers a flowing & open layout taking full advantage of the iconic beachfront location. Main level features over 1,700 feet of living space with soaring 10’ ceilings, 22 feet of retractable bifold doors, 10’ Brazilian stone fireplace & beautiful oak flooring.

The entertainer’s kitchen  features a 54 square foot stone waterfall island & top of the line Wolf and Sub Zero appliances.

Downstairs offers an elegant 500 ft home theatre with step down seating, surround sound & 86″ flat screen. Adaptable ocean view lower bedroom serves multitude of uses, & spectacular “beach” room offers fireplace, bar and over 22 feet of bifold doors to the patio perfect for entertaining.

Top level offers incredible beachfront master suite with vaulted ceilings, beautiful fireplace, spacious walk in closet. Luxurious master bath is incredible with steam shower, soaking tub, & creative design features. Perfect for indoor outdoor living, each level features spacious outdoor areas including the private 472 foot rooftop deck off the master for relaxing or entertaining.

3808 The Strand Manhattan Beach

Sale of 3004 The Strand A Definite Indicator of a Slow Beachfront Market

3004 was the first beachfront Strand sale in a while and it was a great deal for the buyer. Listed at $9.5M it sold within a few weeks and just closed escrow at $7,000,000 which is below land value for that location.

The recent sale of the historically relevant beachfront home at 3004 The Strand was definitely an indicator of a very slow Strand market.  It was a very unique situation as it was a custom built home that likely wouldn’t work in it’s current form for multi-million dollar luxury home buyers but it was also not being sold for land value.  Having said that it sold at $7,000,000 which is a bargain for the buyer.  It hadn’t been on the market (especially in relation to most Strand homes) long but sold at a significantly lower price.  It was listed at $9,495,000 and closed at $7,000,000.

View all of the homes for sale on the Manhattan and Hermosa Strand

3004 The Strand, Manhattan Beach

Slow Days on the Beachfront Strand Housing Market in 2020

It’s been a slow year for home sales on The Strand in Manhattan Beach. The Strand is the beachfront stretch of the “sand section” offering the absolute ideal beach lifestyle. With some pretty hefty price tags unaffordable for most, and an abundance of homes that have now been on the market, it’s been slow going to start off 2020. There has only been on closed home sale located at 2304 The Strand that sold for lot value at $7,400,000 (arguably below lot value) after over a year on the market and price reductions from $8,990,000 to $8,250,000 to $7,950,000 and eventually closing at $7.4M. As of 6/12 there are 6 homes for sale on the Manhattan Strand with several other “off market” offerings and a number of beachfront homes on the Hermosa Strand as well.

 

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

Manhattan Beach Real Estate Recap for May 2020

Welcome to our quick recap for real estate in Manhattan Beach during the month of May.  While there are currently 2 beachfront Strand homes in escrow, there were no Strand sales during the month of May.  Home sales in the city of Manhattan Beach were way down with only 20 homes that closed escrow compared with 45 in May of 2019.  On the other hand, house prices were very impressive with the median home price of $2,642,000.  Homes that sold averaged only 36 days on market compared with 44 the year earlier.

View all of the current homes, houses and townhomes for sale in Manhattan Beach CA

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

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Vista Sotheby’s International Realty is one of the top brokerages in Southern California and the South Bay.

ADDRESS:

2501 N Sepulveda Blvd, Manhattan Beach, CA 90266

Phone:

310.251.2344

E-mail:

keith.kyle@vistasir.com

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