It's Awards Season. You can feel it in the air.
So MB Confidential will now take our annual look back at the year that was. What were the priciest sales of 2015?
We've got 'em here. We'll start with the Sand Section and work our way through town in future posts.
Overall Top Sale
304 The Strand made…
It's Awards Season. You can feel it in the air.
So MB Confidential will now take our annual look back at the year that was. What were the priciest sales of 2015?
We've got 'em here. We'll start with the Sand Section and work our way through town in future posts.
Overall Top Sale
304 The Strand made for a healthy lot sale/land bank with a sale in July at $14.000M.
MBC referenced this sale a couple times, including right as it went into escrow, in "'Why Not?' Trend Continues on MB Strand."
This was about double the value that you would have seen on Strand land just a few years ago. But it's the new market.
There was a recent on-market precedent: 516 The Strand sold in November 2014 for $13.500M.
304 The Strand is also the highest-priced closed sale of all 2015 for all of Manhattan Beach.
Sand Section (Non-Strand Division)
116 25th (5br/5ba, 5000 sqft.) is a splendid, newer modern with outstanding views and a Strand-adjacent midtown, walkstreet location.
Closed Price: $9.500M in July.
As has been widely reported, this was briefly the residence of Mike D'Antoni.
Pop quiz: Who's that?
Hint: Purple and gold basketballers.
In what we called a "golden parachute" of sorts, the ex-coach in 2013 paid a princely $6.900M for this home, then resold this year for $2.6M more (+38%).
Runner-Up: New construction at 205 20th(4br/6ba, 4750 sqft..
Closed Price: $9.475M in July. (Ooh, so close, just $25K off the blue ribbon.)
This spec home was referred to (modestly, of course) in the listing description as:
"One Of The Finest And Most Opulent Custom Built Contemporary Homes Ever Built!"
Ever! (OK, maybe they mean in MB or on 20th St.)
But there's no denying this one a prestige spot on our 2015 list. It's been earned.
This one had all you'd want to see in a walkstreet home, with an open layout, great views, solid craftsmanship and some extras, like the fully outfitted basement media room.
The sale utterly destroyed the highest public-market sale for the "Teen Streets" west of Highland, which had been 132 16th (4br/5ba, 4000 sqft.), new construction sold for $5.750M in early 2014.
The only sale higher was in mid-2014, a newer custom build on 1 1/2 lots at 201 18th ($12.000M).
Believing that the market west of Highland in the area may have reset to the 9's, the seller of a new build at 200 16th has priced it at $9.475M. Maybe that one will have a chance at the 2016 record.
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Don't forget, you can see ALL Manhattan Beach real estate sales from 2015 here at MB Confidential.
On the front page, under "Sales Data," pull down for the link. Or, right now, go to: Manhattan Beach Homes Sold in 2015.
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.
