recent sales

There are currently 275 blog entries related to this category.

Call it 6 months ago.

Someone holding a newer ocean-view townhome in MB thought something like this: "Market's hot. Wonder how much I could get for this house?"

And so, the 2009-built El Porto townhome at 312 44th (4br/3ba, 2675 sq. ft.) was listed, as a FSBO, at $2.700M.

That would have been an absolutely extraordinary price, if they could even come close.

We noted in "Double Your Money?" that the same TH had sold new for $1.269M in Jan. 2011. (That post includes more of a deep dive into the original, ambitious, late-bubble project in which this TH was built.)

In February this year, they were looking to more than double their purchase price in 3 years.

Alas, they did not.

The FSBO string played out. Various agents made their pitches to the would-be…

El Porto has always been a little different. It wasn't even part of Manhattan Beach until we annexed it in 1980.

Though it's in MB (now), homes in El Porto tend to run cheaper. It's all relative, of course, because a million-shack shack on an alley in El Porto is still a pretty pricey piece of real estate. Still, you'll generally get more for the dollar up north.

And yet, wouldn't you believe it? In 2014, we see new sales in El Porto that raise the bar considerably.

First, it was 113 El Porto (4br/4ba, 2700 sq. ft.), a Strand-adjacent TH that gets great views and has an outstanding open floorplan on the top level.

We felt truly lucky to even see 113 El Porto. Though it's 14 years old (2000 build), it sizzles with modern design and a sense of luxury…

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…

You could be forgiven for not noticing the old Spanish at 10th/Highland downtown.

921 Highland is a 1930s original on a double lot (5400 sq. ft.).

If you were to rewind time a bit (which is hard), we'd hazard that the big house was once all but alone on the stretch of Highland near Center Street and the pier. There are stories, to be sure.

Now, though, the question turns to what to do on the site. Someone has just paid $5.400M for the home, and we're not really thinking it's because they're preservationists.

A double lot with ocean views on a walkstreet right in the thick of MB's now-bustling core should probably have a lot of new stuff on it that reflects what MB is today.

You could built one heckuva single-family home, something you could even call…