Realty Bites

A bevy of high-priced homes has recently hit the market in Hermosa Beach.  If any one of these homes sells for close to its asking price (and we're hearing one of them is under contract), it will set a new sales record for Hermosa Beach.

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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.
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Two recent home sales ordered by the Feds show that, while crime doesn't pay, it can be highly profitable here in the beach cities.  Check out how much the owner/seller would have made on the sale of two Sand section homes had they not been purchased with questionable funds.
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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.
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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.
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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.
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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.
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