Going For The Gusto in Hermosa

Posted by Mike Michalski on Sunday, October 8th, 2017.

A trio of listings in Hermosa Beach - two on The Strand and one in Hermosa Valley - are looking to set a new standard for ultra-high end homes in this heretofore sleepy beach town that, until now, had always taken a back seat to neighboring Manhattan Beach's home prices.  No more.

Two of the listings are oceanfront homes with Strand addresses - 2302 The Strand (pictured above), a new listing being offered at $14,850,000, and 3500 The Strand which hit the market in January at the current list price of $16,500,000 (after previously failing to sell at half that number - $7,999,999 - back in 2010). 

Then there's the return of 2805 Tennyson Place, a 6-bedroom, 6392 sqft home on almost a half acre, for $20,900,000.  That home originally debuted with a different agent back in March for $22,500,000. 

As for 2302 The Strand, the home itself has been around for awhile (built in 1927) but presents itself reasonably well with 5 bedrooms in 2817 sqft. (see photo below).

The real attraction of this oceanfront property, however, is the large north corner location (which means the lot faces south, the most favored orientation).  The lot itself is 5349 sqft, which is considered large as Strand lots go. 

Compare this price to the sale price for 1942 The Strand, also in Hermosa, that traded in 2015 for $15 million (which is the current record for a residential sale in Hermosa Beach).   That property, also an oversized corner lot, was really a double lot that has since been split into two developable parcels.

Then there's 3500 The Strand (pictured above), often referred to as the Beverly Hills 90210 beach house for its guest-starring role in that series.  Currently, this 2868 sqft home is configured as a legal, non-conforming triplex.  With its unique position right at the bend in the bike path, it enjoys both north and west-facing beach frontage, a total of 136 feet of beach front.  Clearly, at $16,500,000, those beach vistas don't come cheap.

And, for the piece de resistance, look no further than 2805 Tennyson Place (see below), which, if it sells anywhere close to the $20,900,000 list price, will be the highest-priced sale ever in Hermosa and in the three highest sales ever for both Manhattan and Hermosa.

It'll be interesting to see which of these homes goes first.

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