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Custom Home Now 2nd-Highest Hill Section Sale

1012 Pacific Avenue, Manhattan Beach,

A huge, highly custom, inspired and inspiring home at 1012 Pacific in the Hill Section has now closed.

The final price: $14.900M.

The home is very large: 6br/8ba, 9278 sqft., on an oversized 11,996 sqft. lot.

It's almost incidental that the price is $1.1M below asking.

It's not incidental that this is now the 2nd-highest public-market sale of a property in the Hill Section.

The only higher sale? 

814 Pacific Avenue Manhattan Beach CA 814 Pacific, which had 6br/6ba, 10,000 sqft. in two structures, and a giant 23,000 sqft. double lot.

The sale closed for $20.000M way back in Summer 2017. (See our post from then here.)

Besides having a lot that's nearly twice the size of 1012 Pacific's, 814 also featured significant ocean views.

That property boasted of East Coast inspirations: "The home displays true, classic Nantucket architectural detailing with a timeless, commanding presence."

Meantime, the listing for 1012 Pacific also cites some East Coast inspiration, calling it a "stunning, Nantucket-inspired home." (Although we recently wrote that one of the listing agents told us the home evoked the Hamptons – a rather different community 100 miles away.)

Would we be over-generalizing to say that the most expensive homes in the Hill Section are meant to look like East Coast homes?

Yes.

612 John Street Manhattan Beach CAThe 3rd-place public-market sale was at 612 John (6br/8ba, 7400 sqft.), a 2000-built Mediterranean that had received some stylistic updates and a pool upgrade. It fetched $12.850M back in 2018.

4th Place was an ultra-prime lot sale at 818 8th ($12.738M in 2021), and 5th Place is held by an ultra-modern remodel at 704 Pacific ($11.000M in 2020).

To be certain, lots of Hill Section properties have more than $12M, $14M and perhaps $20M into them, but they haven't traded on the public market.

Even superstar QB Jared Goff's $19.1M double-lot acquisition down at 5th/John included one off-market purchase.

For a little more about 1012 Pacific, you can see our late-May post from when the property first hit the market.

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House-hunting in the Hill Section?

You've got to see our listing at 819 11th (6br/7ba, 4997 sqft., 8700 sqft. lot). Email Dave for a private showing, or visit us this weekend at our opens (Sat. & Sun. 2-4PM)!


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 July 17th, 2024 at 10:41am 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.