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Gimme That Dirt

600 15th Street, Manhattan Beach,

There's uncertainty and strife out there in the world, but if you want to understand the Manhattan Beach real estate market, it's important to adopt the concept of The Bubble. 

Home sales here are going to obey their own dynamic. 

If you put out great supply, there are always buyers ready to jump – even in January, as this year shows again.

600 15th Street, Manhattan Beach, We'll lead off here with a note about 600 15th Street in the American Martyrs area. (Pictured above.) It's a 7br/4ba, 3031 sqft. house with a 6249 sqft. lot. List price: $4.665M.

Yes, we did call it "too small, dated and odd for one of MB's priciest neighborhoods," but that was not to say it was undesirable. We just figured it for a land-value sale. After all, neighbor 528 15th just sold for $12.500M. 

The list of deep-pocketed buyers looking for Martyrs lots is long. 

600 15th sold immediately, logging only 2 days on the MLS. Buyers who wanted this product were ready to pounce. (600 15th is listed by Philip Shahbaz, Kaleo Real Estate Company.)

Look at all those numbers. Even if you paid $6M for the lot and put $6M into a house (~$1,000/PSF), you'd be breaking even, compared to 528 15th. Too tempting. 

Hey, we might be wrong about this being a land-value trade! 

1902 Highland Avenue, Manhattan Beach, For instance, we viewed both recent listings at 1902 Highland and 225 24th as likely land sales.  

But Highland sold quickly with a number of offers, and 24th just closed over-asking at $5.100M. 

From what we're hearing, we won't be shocked if both end up remodeled, but basically like you see them today. 

Either one has an exit plan readily available: Multiple offers indicated that people loved the locations enough to pay up. 

Out there: Uncertainty. 

Right here: People gotta have it.

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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 February 8th, 2026 at 3:35pm PST. 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.