Cheapest Tree Section New Construx Isn't Sold Yet

By Dave Fratello | January 4th, 2019

New construction: People like it.

The Tree Section: People like it.

Getting a deal: People like that, too.

3208 Pacific Avenue Manhattan Beach CASomehow, though, 3208 Pacific (4br/3ba, 3180 sqft.) hasn't sold yet.

With its latest $50K cut, this new home is currently asking $2.549M.

That makes it the cheapest new construction home in the Tree Section in the past...

How many years?

Wow, more than 6 years.

The last time a newly built home of at least 3000 sqft. in the Tree Section sold for less than $2.550M was August 2012. It was 616 30th (5br/5ba, 3370 sqft.), pre-sold at $2.512M.

3605 Oak Avenue Manhattan Beach CAThe only recent new construction sale with a $2.5 in front was 3605 Oak (5br/4ba, 3250 sqft.) at $2.575M in June last year. That was an artistically smashing modern, but in a challenging location across from commercial and near Rosecrans.

Looking at other new homes along Pacific Ave. north of Valley, we see 2 new construx sales in 2017 at higher prices:

3401 Pacific (5br/5ba, 3550 sqft.) at $2.699M in June '17, and

2602 Pacific (4br/5ba, 3200 sqft.) at $2.750M in May '17.

3208 Pacific Avenue Manhattan Beach CAThe new home at 3208 Pacific launched in May 2018 asking a price fairly consistent with those neighbors: $2.799M.

The home is absolutely typical of new homes in the area, with an open floorplan, great room in back and reasonably sized yard. The backyard is actually outfitted nicely with a covered BBQ area and a firepit, plus no-maintenance faux grass.

3208 Pacific Avenue Manhattan Beach CAAll 4br are upstairs, along with an open landing area that could make for a kids' living room.

The first agent tried cutting the price and pulled a summertime bogus re-list, getting it down to $2.599M before losing the listing.

A new crew took over in October last year, and started out asking more: $2.650M.

By mid-November, the price was back to $2.599M, and yesterday, they made that fateful cut that will help etch 3208 Pacific into the history books as a low point for Tree Section new construction sales.

How low might that low point be?

They still need a buyer to decide.

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