Who doesn't love a battle of the titans?
The two priciest properties in Manhattan Beach now are both listed over $28 million. And both are (meant to be) priced at land value.
One, 1000 The Strand, is about a 5000 sqft. corner lot right near the pier. In its 5th month on market, the list price remains the…
Who doesn't love a battle of the titans?
The two priciest properties in Manhattan Beach now are both listed over $28 million. And both are (meant to be) priced at land value.
One, 1000 The Strand, is about a 5000 sqft. corner lot right near the pier. In its 5th month on market, the list price remains the same as on Day 1: $28.900M. (See "$29M? Can We Talk?")
For all this time, 1000 The Strand has occupied the field alone. If you want a prime, oversized waterfront lot, this has been your only choice.
Enter the challenger.
2722 The Strand is a true double lot.
Measuring in at 6925 sqft., it's actually a trifle more than the size of two 3300 sqft. Strand lots.
The mid-town location is just past Bruce's Beach Park.
Start price: $28.500M.
Oh, you can just hear the contenders snarling at each other.
"I've got more land for less money!"
"Well I can see the pier from here!"
"No traffic, no tourists where I'm at."
"Maybe, but where do you go when you're hungry or thirsty?"
And on it goes.
The truth is, no one knows if either one is priced right, or what a buyer will do.
There are a lot of very wealthy buyers for Manhattan Beach real estate, to be sure, but the number willing to plunk down almost $30M for dirt remains small.
And now those buyers – assuming there's more than one – have two choices.
How do either of these Strand lots stack up, pricewise, against anything comparable?
We kind of already detailed that out in our first post about 1000 The Strand, so we're going to bounce you over to that post for more.
The short answer is: There's no precedent. But in 2015 in Manhattan Beach, does that fact matter to anyone?
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 October 11th, 2024 at 9:30pm 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.
