If you walk by 104 The Strand right now, you'll just see a deep hole, some shoring, the beginning of a skeleton of a house. Busy crews are working to make it so much more.
Now, they're working for someone new: A buyer.
That's because the spec project under way there at 104 The Strand has officially posted a…
If you walk by 104 The Strand right now, you'll just see a deep hole, some shoring, the beginning of a skeleton of a house. Busy crews are working to make it so much more.
Now, they're working for someone new: A buyer.
That's because the spec project under way there at 104 The Strand has officially posted a deal. They're in escrow as of Wednesday morning with a list price of $18.900M. (We're posting artful renderings from the MLS now, not actual photos.)
Back in May this year, the high-gloss spec project first hit the market at $17.990M. Then the price went up. Someone might be saying now, "Darn, I coulda saved a million bucks."
You may recall way-back-when, about 18 months ago, when the lot at 104 The Strand came out asking $8.000M (a sum we called "princely" at the time, but a figure we had also predicted several months prior).
In fact, the lot sold for $9.500M with multiple offers, and now looks like a steal. (It is all relative.)
While the plans for this new house were being drawn up, the lot was offered in 2014 for $13.500M – in case anyone wanted to just hand the would-be developer his profit before he stuck a shovel in the ground.
And if you had rolled your eyes at $13.5M, what, then, do you say now to recent Strand lot sales like 304 The Strand at $14.000M?
(You might say, simply, "Darn, that's a lotta money being thrown at the Manhattan Beach waterfront.")
Let's speculate that the new house at 104 The Strand really will sell for that list price, pennies shy of $19M.
It casts a curious light on the not-exactly-a-lot-sale listing at 614 The Strand, another South End plot, although one with a small, livable place on site.
They cut a tiny bit this week to "only" $18.000M.
Golly, it sure looks nice to get a whole house for just a little more.
It's all relative.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of April 1st, 2023 at 4:00am 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.
