The beachfront homes of the Hermosa and Manhattan Beach Strand are some of the most valuable properties in all of the South Bay. This is a very exclusive location and lot values generally start around $6,000,000 and escalate quickly dependent on the location. As many of the homes for sale are luxury properties they can reach prices of $20,000,000+. This is very rarified air with a very limited buyer pool so it’s not overly surprising that many of the homes sit unsold for a very long time. Some for years. What’s a bit surprising is that sellers don’t seem to want to believe this is the case and home after home hits the market at a price that doesn’t seem to be supported.
We took a look at the most recent activity and of the most recent homes for sale 15 of the 18 homes had major price reductions. Almost all went on and off the market several times and several were originally listed in 2016 or 2017. See the chart below with the homes that have had at least one major price reduction showing the current price in red.
The Strand beachfront homes in Manhattan and Hermosa Beach
| Status | Type |
Address
|
City | Current or Sold Price | Previous Price | Original List Price | Original List Date | |
| Active | SFR | 3808 |
The Strand
|
MANH | $15,500,000 | $16,650,000 | $16,650,000 | 9/30/2019 |
| Active | SFR | 2722 |
The Strand
|
MANH | $22,750,000 | $19,995,000 | $28,500,000 | 10/19/2015 |
| Active | SFR/D | 4117 |
The Strand
|
MANH | $5,999,000 | $6,500,000 | $6,900,000 | 6/28/2016 |
| Active | SFR/D | 4122 |
The Strand
|
MANH | $6,700,000 | $7,200,000 | $8,200,000 | 6/28/2016 |
| Active | SFR/D | 3400 |
The Strand
|
MANH | $15,900,000 | $16,750,000 | $19,300,000 | 7/12/2018 |
| Active | DPLX/D | 1804 |
The Strand
|
MANH | $18,500,000 | $21,000,000 | 4/18/2016 | |
| Active | SFR/D | 1000 |
The Strand
|
MANH | $25,900,000 | |||
| Active | TPLX/A | 528 |
The Strand
|
HMB | $6,499,999 | |||
| Active | SFR/D | 2330 |
The Strand
|
HMB | $9,999,999 | $10,500,000 | 1/30/2020 | |
| Active | SFR/D | 212 |
The Strand
|
HMB | $9,999,999 | $10,500,000 | $12,900,000 | 8/15/2017 |
| Active | SFR/D | 2426 |
The Strand
|
HMB | $15,295,000 | $19,250,000 | 6/9/2019 | |
| Active | SFR | 3001 |
The Strand
|
HMB | $16,900,000 | $18,950,000 | $22,900,000 | 4/13/2016 |
| Pending | SFR | 1534 |
The Strand
|
HMB | $9,999,000 | $10,779,000 | $11,900,000 | 6/6/19 |
| Pending | SFR/D | 2304 |
The Strand
|
MANH | $7,950,000 | $8,250,000 | $9,950,000 | 1/18/2019 |
| Pending | SFR/D | 614 |
The Strand
|
MANH | $13,000,000 | $15,300,000 | 10/20/2016 | |
| Sold | SFR/D | 3212 |
The Strand
|
MANH | $8,525,000 | $8,999,000 | 6/12/2019 | |
| Sold | SFR/D | 22 |
The Strand
|
HMB | $5,610,000 | $5,990,000 | $7,895,000 | 1/20/2018 |
| Sold | SFR/D | 2120 |
The Strand
|
HMB | $9,200,000 | $9,950,000 | $10,200,000 | 5/9/2019 |