Before we talk about new listings and open houses, we've got to say something about the almost huge number of sales this week in Manhattan Beach.
We've seen two dozen listings go into escrow within a week. Inventory dropped from a momentary peak of 141 last Friday to 121 by Saturday morning.
Looks like the sidelines were getting too crowded. Buyers made their moves – in droves. Though it also must be said: The vast majority of recent sales have been under $2M.
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To plan your open-house tours for this week, use MB Confidential's online list of Manhattan Beach open houses (it's mobile-friendly!). Our open house link always appears in our weekly wrapups and on the main front page, under "Open Houses."
Below, click any address link to view all photos and property details. And don't forget, when previewing homes here on MB Confidential, you can click "Open All Images" right above the main listing photo to get immediate display of all the listing photos at once.
1033 8th (4br/4ba, 3600 sqft.) is new construction, one of three new homes sprouted together at the end of 8th St. near commercial properties and Sepulveda. 1033 here has the innermost location, i.e., furthest from PCH.
All 3 will actually be open this weekend. They have a lot in common, in terms of floorplan & finish, though each is dressed in a different style outside.
We're going to give you an offsite link to something very cool: A 3-D walkthrough that works great on mobile devices or desktop. Check it out.
More from the official description:
"Brand new in the MB Hill Section is a 4 bedroom with an office and a playroom! This home is so much more than meets the eye & features many elements that you don’t find in other new homes... This large lot features a sunny backyard with plenty of room to throw the ball around and showcases a beautiful pool (built in cover) and spa which are controlled with a push of a button... Outdoor heated patio and built-in BBQ perfect for entertaining, built-in speakers in multiple locations, tankless water heater, top of the line kitchen appliances, large living room, formal dining room, hardwood floors throughout, gorgeous Master bedroom with rain shower and separate tub, handlaid brick driveway and front walkway."
1033 8th starts at $3.599M and is open Sat. from 2-4pm. and Sun. from 1-5pm.
1466 5th (3br/2ba, 2050 sqft.) is a true delight, and expanded cottage with an open, modern kitchen and a nice family room that opens via folding doors to a side patio. The bright and open master includes an office nook. More from the official description, which is a bit of a work of art itself:
"Almost completely rebuilt six years ago, this single story Craftsman emerged and became home sweet home with a little something for everyone. Entertaining guests begins as they come through the Dutch door and gather around the kitchen and living room to share tall tales and laughter. Corks pop, ice cubes rattle in glasses and appetizers are served on the massive island, while something sizzles on the Viking range and dessert bakes in the oven. The kids dart into the family room, warm from the day’s sun, grab their favorite toys and spill into the backyard to play. Dinner is served in the formal dining room and the chatter gives way to the silence of a tasty meal. All the while, the Nest system maintains the perfect temperature throughout the home in winter, spring, summer and fall. Life is grand on 5th Street, and this home has so many more memories to create."
1466 5th starts at $1.749M and is open Sat. and Sun. from 1-4pm.
1608 Chestnut (2br/2ba, 1600 sqft.) is a very original cottage with an imperfect layout. It feels like a familiar Liberty Village home, but the full bath is tucked away past a laundry room, and there's no third bedroom. In that sense, your expectations are dashed. There's not much of a backyard left, after the addition of a family room. The sellers want you to see it as an easy transformation, but it could be a challenging project.
More from the official listing description:
Incredible opportunity to own a one of a kind home in Manhattan Beach... This meticulously maintained home boasts many charms. The tasteful vintage kitchen, classic plantation shutters and original hardwood floors are just a few examples. Both of the bedrooms and the bathrooms are in good condition. The large family room is a bonus feature. It provides ample space for accommodating oversized furniture and a growing family... With just a little TLC and your creativity, this home will easily be transform into your dream home!"
1608 Chestnut starts at $1.250M and is open Sat. and Sun. from 2-4pm.
1731 Curtis (4br/2ba, 1600 sqft.) offers a full 7500 sqft. lot and a dated, but refreshed, cottage with additions.
It made strategic sense for the sellers to clean up, paint and re-carpet the existing home to give you an idea that the home may be livable with a modest remodel. (You can't hide the fact that it needs more.)
Not so long ago, full lots in East Manhattan like this were cresting at $1.4M, $1.5M and even more. Maybe this far east, the value was a bit lower, but now with an ask of $1.300M, you may have two quick reactions: 1) Wow, that's a compelling price, and 2) Has the market for dirt begun to drop?
More from the official description:
"There is plenty of opportunity to live in it now and remodel, expand or re-build later. The expansive, sunny backyard has so much potential for your own personal SoCal outdoor recreation area. Inside there is a living room, separating dining/breakfast room, kitchen that opens to the pantry/ laundry area, 4 large bedrooms and 2 baths. laundry area is inside along with plenty of additional storage space. A detached 2 car garage is at the end of a long driveway with lots of room for additional/guest parking... New interior paint and carpeting."
1731 Curtis starts at $1.300M and is open Sat. and Sun. from 1-4pm.