East MB

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It's not possible to call this a trend, but we have noticed that several escrows have flopped recently in MB.

Let's put this first: Every real estate deal, no matter how clean it seems, includes the seeds of its own destruction. Sometimes, it's a wonder that a sale closes.

The most recent escrows in MB to fail and see a property come back to market were:

537 5th (4br/3ba, 2750 sq. ft.), a South End walkstreet home, and what could be better? That's what everyone wants. There's a bidding war going on just up the same street for mere dirt (off-market).

Sure, this house at 537 is an unusual 3-level remodel with, officially, a strikingly small lot (2019 sq. ft. instead of the standard 2700), but everyone who sees it can appreciate the pros and cons of the…

It's another rite of passage for Manhattan Beach.

As our little town gains recognition for destination restaurants and luxury real estate, now folks are looking to MB for architectural inspiration.

Each year, Sunset magazine helps to develop an "idea house." This year, it's a big East MB project at 111 S. Meadows.

Starting this weekend, and running through Sept. 7, you can visit any Friday, Saturday or Sunday. Tickets are $18 each, and can be purchased online here or at the door during the open hours between 10AM-5PM.

They're calling this one the "ultimate modern beach home," playing up beach themes without "the typical Cape Cod motif of seashells or anchors," according to one designer. (Would it be rude to note that this "beach home" is east of…

If you think back to early 2012, it wasn't so long ago, really.

But that was probably the beginning of the current rally in Manhattan Beach real estate, with prices now riding a "rocket to the moon," as we said in a recent post. (See "MB Median Prices Tilt Way Up.") Today, the world looks quite a bit different.

One of the first homes to sell in our real estate "Spring" that year (our Spring market begins around Feb. 1) was 1305 8th (6br/4ba, 4100 sq. ft.).

It listed for $1.725M, and we recall thinking something like "nice place, cosmetic fixer, but is that kind of rich?" It sold almost immediately for only a little less: $1.710M.

That sale seems now to have been one of the first signs of the market to come: Solidifying, more confident, with prices…

The lowest-priced house in MB has just sold, and it might lead to a pause-and-reflect type of moment.

The home in question is 1658 11th, a little 2br on a half lot on a corner that we can fairly call busy.

So what was that rock-bottom price for the little darling? $872,340. That's the lowest number for a single-family this year.

In 2013, there were 6 sales lower than that, headlined by one that almost looks like a misprint: a half-lot fixer nearby at 919 Herrin at $605K. A 6 in front!

But what can you get for that kind of money outside of MB?

Golly, just head across Artesia from Mira Costa in the Golden Hills neighborhood of Redondo, and you can have your pick of full-size homes (tall-and-skinny, sure, but full-size). As just one example, Dave sold