For those keeping current with beachfront homes in the South Bay it’s good to keep tabs on the ultra high end beachfront real estate in Southern California. The home at 2120 The Strand in Hermosa Beach just recently closed escrow after 181 days on the market (some of this was pre completion). This was a notable sale not only due to the price point, but as the rare high end home to sell in the recent past. The home had originally been listed at $10,200,000. The home features 5 bedrooms and 5 baths on 3 levels and just under 3,700 square feet. The last list price is $9,950,000.
This may not have quite as profitable as the builder/developer had hoped as they purchased the lot at the end of 2015 for $8,100,000.