Hermosa Beach Strand Home Closes at $8,500,000

beachfront home the top sale of May

732 the Strand, Hermosa Beach CA - Sells at $8,500,000

While it wasn’t on the Manhattan Strand it was a notable home sale just the same. 

The highest priced home sale of the month in Hermosa Beach was a beachfront contemporary that sold at $8,500,000.

The home was priced well $8,950,000 and unlike most beachfront homes in Hermosa it sold quickly.  It was only on the market for 20 days before going into escrow.  It was  a very nice 4 bed, 3.5 bath single family home built in 2008.

The home offered approximately 30 feet of beach frontage on three levels.  The home was designed by architect Michael Lee with a modern look and feel…..open spaces, retractable Fleetwood window walls and more.

View the MLS listing details below.

732 the Strand, Hermosa Beach CA - Sells at $8,500,000

  • 4 bedrooms
  • 4 bathrooms
  • 3,412 square feet (BTV)
  • 2,391 sq foot lot
  • Built in 2008
  • Listed at $8,950,000 & Sold for $8,50,000
  • Listed by Shawn Dugan – Strand Hill Christies International Real Estate – 310-545-0707
Contact Hermosa Beach real estate specialist Keith Kyle with Vista Sotheby’s International to sign up for free listing alerts for similar beachfront homes

732 The Strand, Hermosa Beach, CA 90254 – Listed for $8,950,000

Listing courtesy of Shawn Dugan – Strand Hill Christies International Real Estate 310-545-0707

A Number of New Oceanfront Strand Homes Hitting the Market in Hermosa Beach

New Beachfront Strand Homes coming on the market soon

The beachfront home market of The Strand in Hermosa Beach is already oversaturated (and overpriced in most cases) but we have seen a few sales lately. Now it’s appearing that we’ll see several new listings hitting the market. While we can’t share the addresses or specific details at the moment it appears that we’ll be seeing an empty lot in the near future, an older home in North Hermosa come on the market this week, as well as a very large home that’s been on and off the market several times over the past few years. Check back with us as we’ll be updating our site whenever the details of the homes are officially able to be released.

Major Price Reductions the Norm for Beachfront Homes on The Strand

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

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