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$3M in Cuts Now at Iconic Martyrs Home

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by Dave Fratello

533 15th St, Manhattan Beach,

There aren't many places where you can cut $3 million off of a home price and still have a ton of home price left.

But in the Martyrs area, you can.

The custom, iconic, oversized home at 533 15th (6br/7ba, 5300 sqft.) recently cut $1 million from its price.

For the third time.

So now, the listing is down from $12.999M to $9.999M. 

Critically (perhaps), it will now start showing up in the searches set up by people who are looking only at homes under $10 million.

528 15th Street, Manhattan Beach, Over the course of 6 months on market, 533 15th has watched neighboring 528 15th (6br/7ba, 6483 sqft.) come and go on the market.

That home, about 10 years newer and repeatedly tricked out to the nines by its owners, also had to take a $1 million cut, but just one. It was asking $13.499M and closed for $12.500M. 

If you want to go by PPSF (we never use it!), 533 15th is now priced a little lower than 528.

We don't need to run through every listing to ever cut $3 million, but you're only going to find them on The Strand, maybe the Martyrs area like this one, and the Hill Section.

808 John St, Manhattan Beach, Indeed, last year, in the Hill Section, a double-lot home at 808 John (5br/6ba, 6604 sqft., 20K sqft. lot) sat for a while at $19.900M before cutting to $16.900M.

It rested there for 5 more months till our own buyer clients saw the opportunity, and took almost $3 million more off the price, closing at $14.100M.

Did you know that the median home price of LA County is currently $926K? 

All these big price cuts in Manhattan Beach are like lopping off multiple homes.

533 15th St, Manhattan Beach, Back to 533 15th, it's a home that's been on the MBC radar in the past. 

Way back in 2011, it became the highest-price sale ever in the Trees, when it closed for $4.700M.

It was one of several "ceiling-busting deals" that marked Manhattan Beach's stark ascendance from the doldrums of the post-Great Recession market.

Prior to the sale, we had offered a little review and called it a "giant, crisp, ocean-view beach house" that "could give a pulse to a dead man" or "bring songs to the lips of a cynic."

Yeah, sometimes we really like houses.

Where are you at on this one? See all the photos and details here.

Does it look like home?

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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 May 15th, 2026 at 10:07pm 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.