Manhattan Beach Real Estate Update – Stats for Q2

Manhattan Beach real estate in the 2nd quarter of 2020 was most definitely impacted by the uncertainties of the coronavirus and the economic situation.  The market definitely slowed considerably with only 73 home sales during April May and June compared with 118 sold homes in 2019.

The very good news is that the rest of the numbers were very impressive.  The median sales price was $2,875,000 and $1,113 per square foot.

View all of the current homes for sale in Manhattan Beach CA

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

Manhattan Beach Sees 30 Home Sales in June

June saw a nice uptick in the number of homes that closed escrow. There were 30 closed sales which was the highest one month total so far this year.

View all of the current homes for sale in Manhattan Beach

Manhattan Beach Home Sales for June 2020

MLS # Type   Addres Price $ Per Foot Bed/Bath Sq Feet Year
SB20049412 TWNHS/A 4216 Highland AVE   #B $1,250,000 $874.74 2/2,0,1,0 1429/A 1989/ASR
SB20116458 SFR/D 468 27th ST   $1,766,500 $1,533.42 2/2,0,0,0 1152/A 1937/PUB
SB20106187 SFR/D 221 9th ST   $1,953,000 $1,475.08 2/2,0,0,0 1324/A 1962/ASR
SB19196164 SFR/D 3621 Alma AVE   $2,100,000 $834.99 4/3,0,0,0 2515/A 1961/ASR
SB20050796 SFR/D 129 Moonstone ST   $2,100,000 $979.93 3/3,0,1,0 2143/A 1991/ASR
20581222 SFR 209 42ND ST   $2,199,000 $1,213.58 3/3,0,1,0 1812/ 2006
SB19168779 SFR/D 460 29th ST   $3,850,000 $999.48 4/4,0,2,0 3852/B 2019/ASR
SB19189348 SFR/D 328 19th ST   $4,925,000 $1,199.17 5/3,1,0,1 4107/A 2010/ASR
SB19252603 SFR/D 504 1st ST   $5,204,063 $937.67 5/5,0,2,0 5550/T 2019/BLD
LG20072722 SFR/D 3004 The Strand    $7,000,000 $2,090.80 4/1,2,1,0 3348/A 1960/PUB
SB20086428 SFR/D 3617 Elm AVE   $1,650,000 $1,375.00 3/2,0,0,0 1200/A 1952/ASR
SB20101461 SFR/D 759 Marine AVE   $1,700,000 $1,180.56 4/2,0,0,0 1440/AP 1941/ASR
SB20054439 SFR/D 1829 N Poinsettia AVE   $1,920,000 $1,337.98 3/2,0,0,0 1435/A 1950/ASR
SB20017815 SFR/D 2205 N Poinsettia AVE   $2,530,000 $677.38 5/5,0,0,0 3735/A 1990/ASR
SB20032410 SFR/D 794 27th ST   $2,555,000 $830.35 5/3,0,1,0 3077/A 1949/ASR
SB20053086 SFR/A 2326 N Ardmore AVE   $2,680,000 $844.89 4/3,0,1,0 3172/A 1995/PUB
SB20049041 SFR/D 849 12th Court CT   $3,675,000 $1,045.22 5/4,1,1,0 3516/T 2019/BLD
SB20063984 SFR/D 606 N Ardmore AVE   $2,450,000 $737.73 3/3,0,0,0 3321/A 1993/ASR
SB20097357 SFR/D 1030 2nd ST   $2,500,000 $1,332.62 3/2,1,0,1 1876/AP 1952/ASR
SB20089583 CONDO/A 8 Fairway DR   $1,464,500 $1,010.70 2/2,0,0,0 1449/A 1983/ASR
SB20091640 SFR/D 1200 Magnolia AVE   $1,590,000 $1,250.98 2/1,1,0,0 1271/A 1948/ASR
SB20085523 SFR/D 1612 Chestnut AVE   $2,740,000 $1,005.50 5/2,2,1,0 2725/D 2020/BLD
SB20104376 SFR/D 1400 Lynngrove DR   $3,000,000 $834.03 5/2,3,1,0 3597/D 2020/ASR
OC20068109 CONDO/A 1520 Manhattan Beach #B $765,000 $698.63 2/1,0,1,0 1095/A 1966/EST
SB20097703 TWNHS/A 1140 Manhattan Beach #E $850,000 $710.11 2/2,0,1,0 1197/A 1978/ASR
3.2E+08 SFR/D 1157 8th ST   $1,299,000 $1,358.79 3/1,0,0,0 956/O 1951/ASR
SB20097306 SFR/D 1712 Gates AVE   $2,175,000 $794.96 4/2,1,0,0 2736/A 1980/SLR
SB20103303 SFR/D 1740 Voorhees AVE   $2,499,000 $708.13 5/4,0,0,0 3529/A 1989/ASR
SB20079453 SFR/D 1550 5th ST   $3,800,000 $637.16 5/6,0,0,0 5964/A 2012/ASR
SB20042180 TWNHS/D 1540 Manhattan Beach BLVD   $1,400,000 $669.86 4/3,0,0,0 2090/A 2006/ASR

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.

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3004 The Strand, Manhattan Beach

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Luxury Beachfront Living on The Strand

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ADDRESS:

2501 N Sepulveda Blvd, Manhattan Beach, CA 90266

Phone:

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E-mail:

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