new construction

There are currently 175 blog entries related to this category.

When the new home at 124 23rd St. came out recently, we rushed to see it with a client.

Before long, a buyer rushed to buy it.

This crisp, brand-new Plantation-style home (3br/4ba, 2040 sq. ft.) gets big views over the (currently) small neighbor and straight down 23rd St. It's got a nice location along Manhattan Ave., with the sand so close, you can all but feel it warming your toes even while standing on the balcony upstairs.

So how much are people paying these days for modestly sized new SFRs with big views?

In this case, $3.300M.

If that start price of $3.399M seemed ambitious, well, no. They just about nailed where the market would be.

And since we're trying not to be "shocked" anymore by big sales, let's focus instead on a pretty huge price per…

Until last year, there was never such a thing as a $2.8M townhome east of Highland.

Now, it's happened 4 times.

The newest sale is on new construction at 408 32nd (4br/4ba, 2650 sq. ft.) an ultra-modern TH on the back half of the lot, where you might expect a Vista address.

List price: $2.800M. Sale price: $2.810M.

The home is very nicely executed, with a spa-like feel to the baths and a warm sophistication across the board. We thought it helped a lot that a simple, modern home like this was so tastefully decorated for presentation to would-be buyer – it's a very good argument for proper staging.

Views are nice, if not permanent, complemented by the classy old-Manhattan Spanish duplex across the street. (Click thru the listing pics to see the second…

It was about 6 years ago. The last real estate upcycle had begun to stall out. New construction sales slowed. A local builder took it upon himself to convince wary buyers that it was an excellent time to buy.

In our January 2008 post here at MBC (see "A Builder's Take"), we copied this extraordinary half-page print ad placed by the builder and discussed the ad's message. (Click to enlarge.)

Memorably titled, "The Crystal Ball Story," the ad said that new home prices could not go lower, and that buying in early 2008, you'd find your investment up 20% in 5 years.

As time has passed, the message of the half-page ad has proved to be about half right and about half wrong.

The wrong parts are easy to spot. The ad noted that many (then) new homes were built…

We see a lot of homes here in Manhattan Beach.

But we've never seen one like 743 29th, Dave's new listing in the Tree Section.

This home is both old and new. It's newly built, 100%, but its art and ambition are much older. The goal was to create a home that feels timeless, that can transport you to another place – almost to another era.

With rigid attention to detail, this home recreates a classic American home with Queen Anne lineage, something you might find atop sprawling farmland on the East Coast, perhaps in the South, definitely in northern California – in Napa or Mendocino.

By the beach here? That's surprising. And wonderful.

The double lot where this property rests adds to that feeling. The owners did not max out on their nearly 8400 sq. ft.…