2017 Medal Winners, Manhattan Beach

Posted by Mike Michalski on Saturday, December 30th, 2017.

The year 2017 turned out to be a real record-breaker in Manhattan Beach, in terms of residential sale prices.  In an homage to the upcoming winter Olympics in Pyeongchang, South Korea, here are the past year's gold, silver and bronze medalists in the sale price category, Manhattan Beach division.

  1000 The Strand
  Sale Price: $21,000,000
etails: 9 Beds, 8 Baths
               5967 SF, 4979 SF Lot

The winner in the price category for 2017's highest sale price (and, from what we can tell, the all-time highest residential sale price in Manhattan Beach) is 1000 The Strand

Although, technically a multi-unit building consisting of a 4-bedroom main house and three 2-bedroom apartments (yet it's listed as 9 bedrooms total - someone math-challenged perhaps?), we can see this property ultimately being developed into a grand single family home due to the fact the older existing 4-plex sits on an oversized south-facing corner lot in an A++ location just steps from downtown and with 50 feet of frontage on the beach. 

Doesn't get much sweeter than that.

814 Pacific Avenue
Sale Price:  $20,000,000
Details:  6 Beds, 6 Baths
      10,000 SF, 23,212 SF Lot

Barely coming in second is our only off-Strand property, 814 Pacific Avenue, a magnificent 10,000 sqft home on an oversized lot in the Hill section.

There are actually two homes on this lot  - a 5-bedroom, 7200 sqft main house and a detached guest house.  The lot itself spans over a half acre of prime ocean-viewing vantage points.

Naturally, the home came equipped with all the amenities - two wine cellars (yes, besides the main house, the guest house had its own cellar as well), 2 gym areas (ditto), game room/media area, mud room and bonus room.  And, of course, let's not forget about the full private sport court, 2 outdoor cooking areas, fire pit, pool & spa, and 2 pergolas.

And did we mention the ocean views (sans powerlines)?

104 The Strand
Sale Price:  $18,400,000
Details: 5 Beds, 8 Baths
             6123 SF, 3330 SF Lot

The brand new construction at 104 The Strand is just the latest beachfront project from Demetrius Doukoullos of Delphi Properties, who has built a number of high-end Strand homes in Hermosa.  However, with this latest foray into Manhattan Beach, 104 The Strand is his most expensive project to date, which was a foregone conclusion after he paid $9.5 million in 2014 just for the lot.

The house spans 4 floors, including a basement with a wine room, game room and theater, all serviced via a 4-stop elevator.  There's even a 3-car garage with a 4th spot on a lift.  It was purchased pre-completion (hence the adjacent rendering rather than an actual photo of the completed project) and closed last March.

There were some other notable sales last year in Manhattan Beach, including 3420 The Strand, a newer (2003-built) coastal Cape Cod that went out at $15.4 million (original list price was $17,995,000), 2400 The Strand, a French Normandy-style home on a good-sized corner lot that sold for $11.9 million, and 1912 The Strand that recently closed for $11.3 million.

For more on high-end home sales in Manhattan Beach and elsewhere in the South Bay, check out our previous blog post, Manhattan Beach Leads South Bay in High-Priced Sales.

This entry was posted under Manhattan Beach, and South Bay Real Estate News.