Elite Properties with New Deals

By Dave Fratello | June 11th, 2021

Amid the general action in this busy year, we've just seen two special properties go into escrow.

Here's a brief appreciation for each one.

2615 Crest Drive Manhattan Beach CA2615 Crest (3br/5ba, 3215 sqft.) is a super-custom modern built to take advantage of one of the finest view points in the whole city.

2615 Crest Drive Manhattan Beach CAPeople can put in all kinds of superlatives about the views they've got from one property or another. This one practically sets the standard, maybe the ceiling, against which views in Manhattan Beach can be judged.

2615 Crest Drive Manhattan Beach CAPerched near the very top of the hill and with Bruce's Beach Park just below, the lot benefits from a steep elevation jump up from Highland. The property in front can't build up more to block views, and recently completed townhomes on the south side preserved the view in that direction. The north side looks similarly safe.

Sometimes we speak of huge views like this as "helicopter views," like you're flying in a copter while sitting in your living room or on your deck. It's apt here.

The home is a bold modern with some industrial edges and plenty of attractive wood to soften and warm the feel. The kitchen is nicely conceived and efficient with superb and often creative finishes and materials.

2615 Crest Drive Manhattan Beach CAWhile that top floor is jaw-dropping, it's not the only living space. Down on something of a basement level, there's a spacious home-theater room with wet bar, bath, wine wall, etc.

The home has been on and off the market for more than 3 years, first emerging in April 2018 at $7.190M, later in the mid-to-high 6's for a span, and sitting at $5.999M since Oct. 2020.

It must have been frustrating to see such a work of art with such incredible views sit and sit, but the home's design is somewhat particular and requires a buyer who's all good with it. We've shown it a few times, and despite being dazzled, our buyer clients tended to say it just could not work for them. (Sad emoji.)

It's too great not to work for someone. Now in escrow, still listed at $5.999M.

937 8th Street Manhattan Beach CAIn the Hill Section, 937 8th (5br/6ba, 5150 sqft.) didn't have nearly the same kind of adventure or back-and-forth.

937 8th Street Manhattan Beach CAThis sizable and highly refined remodel on a substantial, 7200 sqft. lot came out confidently in April this year at $6.999M.

They had a deal within a couple of weeks, but it didn't stick.

No worries. They're back in escrow now.

Despite the fact that it was 2 months since the debut, some "hold" time (off market temporarily) and the period in escrow has meant that the property has only 21 official Days on Market tolled as they go into escrow again.

937 8th Street Manhattan Beach CAThe home has everything people imagine and expect in a big Hill Section estate:

* sizable interior space,

* pool,

* outdoor room(s), and

* basement featuring home gym, theater room and dedicated wine room.

(Take the 3D tour here.)

937 8th Street Manhattan Beach CAAnd there are some views. Not the ocean, but treetops & city/mountain views to the north, thanks to a favorable slope of the lot from front to back.

This stretch of 8th St. is being treated well, with multiple upgraded homes and a new construction sale last year, right across the street, at 936 8th (7br/8ba, 6700 sqft., 6500 sqft. lot) at $6.986M.

(Disclosure: We have a few clients on the street.)

This was one of those homes that would have been paradise for those quarantine days. But you don't need to be forced to stay home to just love what you've got.

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