off-market sales

There are currently 22 blog entries related to this category.

People love to love the flat walkstreets in Manhattan Beach's South End.

Spec builders and folks who want to build for themselves keep paying more for the land.

The latest eye-opening land trade is a lot that went to a spec builder at 504 8th St. for $2.000M. The sale posted recently in the tax records.

The buyer is the development LLC that recently built and sold 340 6th St. (5br/5ba, 3600 sq. ft.), a modern Plantation style home.

The builder paid $1.825M for the dirt there on 6th back in July 2012. The completed home sold for $4.235M in December 2013, hitting a new high on a PPSF basis for the flat family walkstreets.

However, that sale fell slightly short of the off-market sale price on a new home at 337 7th (4br/4200 sq. ft.) at $4.500M. (See "

Before this year, do you want to guess how many non-Strand townhomes in Manhattan Beach have sold for more than $3M?

That's $3M+ for a unit that shares a lot and a wall with another.

Before this year: One.

Now, with 611 Bayview coming in at $3.250M, there are two.

And its partner came awfully close. That's 612 Manhattan Ave., the other half of the building, with the sale posting at $2.900M at mid-month.

Put them together, and this little high-end spec project just netted more than $6M.

The lot sure looks like a nice get at $2.2M – that was early 2012.

Before this week, the top non-Strand townhome sale was, surprisingly, from the down year of 2011.

205 27th (3br/3ba, 2870 sq. ft.) is a major, modern remodel of a 70s original on a very favorable lot

We've taken a look already at the most notable 2013 sales in the Hill Section. With just 34 total sales up in the hills, the rundown still gave us plenty to cover. (See "High Points of 2013: Hill Section.")

The whole of the Sand Section saw nearly 4 times the sales: 127, including SFRs and townhomes. As always, the top sales are on The Strand and beach-close walkstreets. We'll look at those top-tier sales first in this update.

Strand Sales of the Year

The priciest move-in-ready home in the Sand last year (and MB overall) was 3300 The Strand (5br/5ba, 4750 sq. ft.), a corner-lot home up at the north end of town.

This one was a 2006 build with a forward-looking soft-modern look (called "Zen" in the listing description). The sale price: $10.995M in an

As 2013 wraps up, we really want to say "thanks" to you.

To our longtime readers, to others who have just found MBC, and to everyone in between. To our neighbors and friends, and to people from across the globe we've met only through the internet. Thanks.

Your interest in Manhattan Beach real estate, and MB Confidential specifically, compels us to work hard to produce MBC, and to improve it. Your feedback is inspiring.

Looking back at this year, we're also compelled to share a little news.

MLS data now show that MBC producer Dave Fratello ranked #1 (tied) for the year among agents representing buyers in the Manhattan Beach market. Those stats, obviously, do not include Dave's off-market sales, or his 5 public-market listings that sold over asking price.