Published in Smell The Coffee
Vote Yes! on Proposition 5, the Property Tax Fairness Initiative, this November.  This post will explain how this initiative works to benefit seniors and disabled persons (as well as those who lost their homes in a natural disaster) by enabling them to move to a new home in California without absorbing an exorbitant property tax bill going forward.
473 Views

Published in South Bay Real Estate News
Just as we were reflecting on the market softness at the upper end of luxury home sales here in the South Bay, a super luxurious 3-year old Tree section home listed for $6.7 million sells in a week.  Seems like the real estate gods are toying with us.
359 Views

Published in Realty Bites
Mike and Sachi just put into escrow a 1700 sqft fixer on a prime East Manhattan lot.  List price was $1,579,000.  This is the 5th developable lot we've sold this year in Manhattan Beach.  You can read more about this and the other 4 lots we've sold so far in 2018 here.
242 Views

Published in Smell The Coffee
The Manhattan Beach City Council met August 21 and approved the draft "Five-Year Plan to Address Homelessness in Our Community."  Here are the key takeaways from that council meeting's discussion of the plan.
576 Views

Published in Realty Bites
Another lot sale from Michalski & Fujita, this one an ocean-view Sand section corner half lot at 328 25th Place, Manhattan Beach.  The photo is the original, 1927-built, one-bedroom, 556 sqft (yes, you read that right) home.  Look for a new home from premier local home-grown builder Fluent Homes in 16-20 months.
201 Views

Published in Smell The Coffee
The current draft proposal to address homelessness in Manhattan Beach is up for discussion and comment at the next City Council meeting, August 21.  The proposal is long on generalities, short on specifics and, worst of all, seems to de-emphasize enforcement of existing city ordinances.  Could make for an interesting meeting.
486 Views

Published in Realty Bites
Our latest new construction sale - 2101 Elm Avenue in the Manhattan Beach Tree section - proves once again the efficacy of our lot sale program.  The original lot owner got multiple offers from developers and a premium price without paying a commission and the winning bidder got a well-located, flat, west-facing lot which they were able to develop into a premium modern farmhouse-style home that sold over list price.  We love it when a plan comes together.
339 Views

Published in Realty Bites
Yet another $6 million sale of a large ocean-view Manhattan Beach Hill section lot transpired recently.  The buyer was the next-door neighbor but which one?  The international tennis star or the founder and partner in a successful private equity firm?  Find out here.
488 Views