Half Lot Home South of Pier Nets $4.250M

Thursday, May 26th, 2016

South of the Manhattan Beach pier, there's a special appeal to Sand Section homes that seems to propel values up.

617 Manhattan Avenue Manhattan Beach CAOne of the latest, and most interesting sales, is 617 Manhattan Ave. (3br/3ba, 1970 sqft.).

It's a 1980s Spanish that could use a round of updates. Big time.

When it launched at $4.900M, you may have assumed that was a full-lot house (2700 sqft.), but no. Per the MLS, the walkstreet-fronting home is situated on a 1344 sqft. plot of land.

Manhattan Ave., which tends to be busier than Highland Ave. south of the pier, runs along a side of the home.

The listing ran a month with no price cuts, but it turns out that the serious buyer who knocked did take a big discount.

The closed sale now: $4.250M. That's 13% under the asking price

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Based on information from California Regional Multiple Listing Service, Inc. as of May 27th, 2016 at 2:42pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.