It was not very long ago that a sale for $3M or more in East MB was unheard of.
And here we mean on a more standard home and lot, with super-sized, super-private homes like 106 Terraza Place (recent sale: $6.5M) being an obvious exception.
Early this year, new construction at 1626 1st (5br/5ba, 4950 sq. ft.)…
It was not very long ago that a sale for $3M or more in East MB was unheard of.
And here we mean on a more standard home and lot, with super-sized, super-private homes like 106 Terraza Place (recent sale: $6.5M) being an obvious exception.
Early this year, new construction at 1626 1st (5br/5ba, 4950 sq. ft.) hit the highest high, the crestiest crest, selling for $3.200M.
Now, it appears, they've done it again.
Twice.
The same builder acquired a double lot in a very quiet, close-to-everything location on 3rd St., split it and went to work.
The result: 1420 3rd (5br/5ba, 4765 sq. ft.) is in escrow with a posted list price of $3.199M.
And if you're bummed about missing that hacienda, they've got something else for you – a really bold, museum-style modern right next door at 1416 3rd, also seeking $3.199M.
They're asking $3.2M because they have made that the new normal.
All of this must come as something of a relief over at the quiet, gorgeous Spanish at 1622 Gates (5br/6ba, 4850 sq. ft.). There, the June 2007 sale on new construction at $3.100M was officially the high water mark of the past bubble cycle.
For nearly 7 long years, no one ever paid more for an East MB home on a standard-size lot.
Give it time, though, and things bounce back, don't they?
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 3:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.