Extremely large lots, many with ocean views, are rapidly being developed in the Manhattan Beach Hill section. Look for a slew of brand new homes in the Hill section in 2020. Will any be available for sale?
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.
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.
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.
Mike and Sachi just closed on the sale of a prime Manhattan Beach Tree section lot to a local developer. To find out more about this sale and the enhanced benefit to the sellers of substantially lower transaction costs, read on.
Teardowns in the Manhattan Beach Hill section are going for a pretty penny these days, with the highest priced dirt purchase in the Hill section recently hitting a record $6.2 million (twice). Is that record soon to be broken again? Learn more here.
We recently closed escrow on one newly-constructed Manhattan Beach home (461 27th Street
, pictured above) and opened escrow on another (2101 Elm Avenue
in the Tree section). In addition, we sold two adjoining 6500 sqft lots for a future 6-townhome project in East Manhattan.
We currently have two contiguous East Manhattan lots in escrow. Should be a very profitable 6-unit townhome development (at least that's the plan, at present).
Hermosa Beach experienced a stellar 2017 in terms of home price appreciation. Here are the top three medal winners by sale price.
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.