While there are a number of ultra high-end properties on the market throughout the South Bay, the buyers seem to be gravitating to Manhattan Beach.
Safest cities in the South Bay, according to latest FBI data from 2016 (awaiting 2017 figures, to be released shortly).
The recent closed sale of our brand new construction listing at 217 28th Street in Hermosa Beach is one of four new single family homes to sell this year in the Hermosa Sand section and one of two that sold off-market (there is a 5th new single family home in the Hermosa Sand that is posted on the MLS and is currently under contract).
A sudden flurry of very high-end home selling activity in the Manhattan Beach Hill section is virtually unprecedented and signals a strong local real estate market that continues to attract the uber wealthy.
First-time home buyers are rushing to buy homes after a decade on the sidelines. Result could be much higher home prices.
Former LA Kings' ultra-contemporary 4,020 sqft home almost seems out of place in South Redondo. On the market since October, 2015, and having fallen out of escrow three times, it's available for $2,695,000.
A sale price of $6.5 million in the Trees is a high number but not a Tree section record as two homes sold for more last year.
Our latest lot sale is a Manhattan Beach Tree section teardown. We used our commission-free lot sale program, resulting in both a sale price well above list and some very happy sellers.
The sale of our new construction listing at 1400 21st Street in East Manhattan for $3,225,000 was most notable because the purchaser paid for it in bitcoin. This answers the question, "Is bitcoin a thing?" with a resounding "yes."
Mike and Sachi have two upcoming brand new ocean-view beach homes in the South Bay - a Modern Nantucket-style home at 217 28th Street in Hermosa Beach and a Steve Lazar-designed contemporary at 316 27th Street in Manhattan Beach.