It's time to look at another landmark sale for 2024.
1166 Longfellow Drive (4br/3ba, 2052 sqft.) offered buyers roughly a half of an acre in a prime, private, Beverly-Hills-by-the-beach neighborhood of East Manhattan, down along the Longfellow/Ronda-Terraza loop.
The size of the lot, and scarcity of property options in the area, led to a start price of $6.995M in May.
It has now closed considerably lower at $5.390M.
There's nothing obviously bad about the number, although it's lower by the land/PSF than you'd see along typical suburban blocks of the Mira Costa neighborhood.
The lot is so big it's got a regulation tennis court on it, with extra space to boot.
(Worth noting: The tennis court, with ample areas around the edges and at each end, consumes half or more of the 22K sqft. lot. So – now you know! Your dream of hosting a tennis court on your property will cost ya 10K sqft. or so. Handy note for the future.)
We should note, there's a lot of love and character to the current home as it stands, but at that price, they were courting celebs and sports royalty to pick this one as a building site.
The lot got lots of looks, but it raised some questions for buyers. Unlike some of the lots down along the lower part of this hilly area, 1166 Longfellow really doesn't feel very private, due to topography, and having neighbors right along each edge. But hey, it's still Manhattan Beach, and it's still a low-traffic area.
You'd spend similar amounts west of PCH, only to have July 4th partiers drifting by your front door all day, or even inviting themselves in for a bathroom break. It's all relative.
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 October 12th, 2024 at 12:02am 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.
