Big Doings in Manhattan Hill Section

Posted by Mike Michalski on Tuesday, May 23rd, 2017.

After seeing just one high-end closed sale in the previous 6 months (the 6352 sqft Mediterranean at 917 Highview Avenue that was purchased for $7,250,000 by a couple of Long Beach physicians), suddenly the Manhattan Beach Hill section is alive with activity at the upper end of the price spectrum, starting with the priciest home ever sold in Manhattan Beach, 814 Pacific Avenue, pictured above.

That 10,000 sqft, 6-bedroom home sits on over a half acre of prime ocean-view Hill section real estate and was listed for $22,500,000 (we hear it sold for over $20 million). 

The buyer for 814 Pacific is already a Hill section homeowner and his home, 624 9th Street (6 bedrooms, 6200 sqft on a 9,425 sqft lot, pictured below), is now on the market for $8,999,000.

Also pictured here is 629 6th Street, a brand new 5,600 sqft Jon Starr-designed contemporary on a 7,128 sqft lot that is currently in escrow with a list price of $9,995,000 (down from the $10,900,000 start price).  This home, pictured below, just recently closed escrow at $9.4 million.

Meanwhile, the 5,868 sqft Mediterranean-influenced Hill section home at 815 John Street (see below) just traded off-market in a private sale for $9,525,000.


And we'd be remiss if we didn't point out the three currently active Hill section listings priced over $7 million - 621 8th Street ($7,495,000), 304 N Ardmore Avenue ($7,750,000) and 712 John Street ($10,995,000).

All of this high-end activity occurring seemingly at once is unusual for the Hill section and a sign of a very healthy local real estate market that continues to attract wealthy home buyers.

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