There are currently 14 blog entries related to this category.
Monday, September 16th, 2013 at 12:45pm. 314 Views, 0 Comments.
We have to go back to May 2010 for the story of a failed listing where everything kinda worked out.
They were selling 219 N. Dianthus (4br/4ba, 3300 sq. ft.) at that time, hoping to get $2.089M, just a little over the late-2006 acquisition price of $2.000M.
The big, big, big views were the chief asset. The extra square footage for this tall and skinny home was another plus.
But the listing did not pan out, and it quit, quietly, in late 2010.
Come Summer 2011, luck was in the air. An off-market offer came through, and 219 Dianthus sold for $1.750M.
That was $200K lower than the last asking price from 2010, and $250K lower than acquisition, but in 2010-2011, you took what you could get and moved on. The market then felt mostly flat, and memories of the…
Wednesday, September 11th, 2013 at 9:26am. 351 Views, 0 Comments.
It's funny sometimes to see what kind of real estate is offered in Fall.
Right now in two different parts of the Sand Section, there are separate, adjoining half lots being marketed, at least in part, as full-lot sales. Buy both, combine them and just like that, you've got a full lot for new development.
The most prime of these is at 128 8th. St.
Oh yes, a 100 block near downtown.
Legally, this is 128 8th Street and 129 7th Place, two separate lots with separate parcel numbers, offered for sale together.
As you see from our little collage, the front/main home may not be much, but the views are nice in both directions. The site just needs a better platform from which to drink those in.
The $4.150M start price is certainly rich if you're viewing this…
Saturday, August 24th, 2013 at 8:06am. 403 Views, 0 Comments.
Want to make $1M on a quick deal?
Unless there's some catch.
Worry not. Your eternal soul is safe. All you need to do is buy a Manhattan Beach short sale and hang on for a short time, while the market rockets skyward.
And that's roughly the plan at 316 45th.
This ocean-view TH in furthest-north El Porto was picked up a relative moment ago, in Nov. 2012, for $1.537M.
Notice the 1.5 in front.
How about $2.635M?
That's the current request. 2.6+. A bump of $1.1M.
This is a 3br/4ba TH with 2100+ sq. ft. inside, and lots of parking. (Necessary with this being El Porto.)
The views are freaking for real. As we said in a review in Sept. 2012:
There are few higher points in MB with more unobstructed panoramas than this TH on the
Tuesday, July 30th, 2013 at 5:02pm. 428 Views, 0 Comments.
It seems that the pleasures of the Teen Streets near downtown are well understood.
Steps to the ocean, no Manhattan Ave. interrupting the flow from Highland to the Strand, and a short walk to all the amenities of downtown. These seem like private little paradises.
The going rate to get in: About $5M.
You now have 3 options on the Teen Streets at around that number, plus one other priced at... well, if you have to ask, it's not for you.
112 18th (6br/7ba, 4230 sq. ft.) was discussed quietly last week among agents and is now the newest listing of these teen street offerings, just hitting the MLS on Tuesday. We haven't seen it yet.
The property profile and photos say a lot. You've got an 80s home with guest unit that's been well-maintained and upgraded,…
Monday, May 13th, 2013 at 11:59am. 493 Views, 0 Comments.
They've just closed an above-asking deal at 2417 Crest (3br/4ba, 2300 sq. ft.), a rear-unit TH with great ocean views.
This is a bigger-than-standard TH at 2300 sq. ft., and they sought a bigger-than-standard $1,090/PSF when they first put a sticker on the home.
But those views, and the distinctive stlying, brought many suitors. And when that happens, prices jump.
In this case, from $2.499M to $2.575M, with an enhanced PPSF of $1,123/PSF.
This home, a 2002 build, got a thorough re-do with panache in 2009, and it's got several signature elements that stick with you.
Two unique features jump out: The long (14' long) built-in, modern dining table stretching from the kitchen – a bold statement that defines the home as an entertaining space.
Wednesday, May 1st, 2013 at 8:14am. 3,334 Views, 0 Comments.
We've already got the 2 big (current) college football coaches in Manhattan Beach.
Now the Lakers' (current) coach, Mike D'Antoni, has come to town.
In a recent post on "New 100-Block Heights" we mentioned this home:
[This is] a bigger-than normal home thanks to subterranean space, with 5br/5ba and 5000 sq. ft.
Location? Nearly at The Strand, with a walkstreet on one side, the corner at Ocean Ave. (no neighbor to west, in other words) and a fully built Strand house across the way that seems "low" and affords even better views from the top level of 116 25th.
And oh, what a top level that is – very high ceilings, tons of
Tuesday, April 9th, 2013 at 11:53am. 740 Views, 0 Comments.
It's been a long time since $5.6M for a 100-block house by the beach seemed like a peak never to be reached again.
The new peak is more like $6.6M, a million-dollar difference in just 5 years. And most of those 5 years weren't "good" years for Manhattan Beach real estate.
That first peak was marked out in March 2008 at 200 19th St. (5br/5ba, 4200 sq. ft.) a spectacular new Cape Cod on one of the great "teen streets" near downtown. (We call it a "100-block" house because it would be 136 19th if the city didn't re-order the addresses to the 200s starting there; with no Manhattan Ave. cutting through the teen streets, a lower 200 is as good as a 100.)
200 19th sold new for $5.6M, and then the world collapsed. (If you'll allow us some dramatic license.)…
Thursday, July 26th, 2012 at 2:46am. 476 Views, 0 Comments.
|Current house at 636 8th|
This one began in February at $4.850m, notably above the $4.3m-ish range of 3 comparable sales nearby. (See "Big Views, Nearly $5m for Dirt," for MBC's rundown.)
In May, they cut to $4.575m, splitting the 12% difference between the other sales and the start price. And from there, the sellers stood pat for another couple of months.
Could they get a 4.5-ish price now? You've got the warming market on the one hand, and the 6-month runtime on the…
Monday, July 23rd, 2012 at 6:58pm. 639 Views, 0 Comments.
128 18th (5br/5ba, 4000 sq. ft.) is a new "tropical contemporary" in one of the best locations in town, period, given that 18th is probably the best of the teen streets west of Highland.
The sale wasn't quick – 5 months on market – and it didn't crack $6m, as had been the original ambition with a $6.1m start price.
The final price: $5.650m.
Most of the recent sales in the 100- and low-200-blocks are right in the same $5.6m-ish range:
- 128 6th at $5.595m (Jan. 2011);
- 209 16th, pre-completion new construction, now in escrow with a list price of $5.6m; and
- 200 19th at $5.6m (March 2008).
Tuesday, May 1st, 2012 at 2:25pm. 504 Views, 0 Comments.
2305 Bayview (4br/4ba, 2600 sq. ft.) is a plus-plus-plus modern remodel of a TH built in 2005. In our review we said we were "unprepared for the shocking fabulousness" of the TH with its "nearly over-the-top level of detail."
As terrific as it is, and as quick as this deal on the public market was, we're told this one has been offered for sale as a "pocket listing" for a couple of years. Certainly, going public helped. But this one also looks something like an example of homes that have been unable to sell in the past making deals this year.
This one last traded for $2.250m in Oct. 2006 with some of its great upgrades in place; the current owner added lots of extras and…