Our latest listing is a true diamond in the rough but, at 4,000 square feet on a full 7,500 square foot lot, that's one big diamond.
Our view of the biggest winners and losers in the Manhattan Beach residential real estate market for 2018.
A recent closed sale at 108 The Strand
in Manhattan Beach was the interesting culmination of an almost 3-year sales journey through reality tv. Read more here.
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?
A well-known figure in the sports media field recently purchased the fourth most expensive home ever sold in the Manhattan Beach Tree section. You can read more here.
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.
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.
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.
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.
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.