There is something nearly uniform about all 4 listings new to market this week.
All are priced substantially below where similar offerings might have sold earlier this year. (If that sounds to you like the theme of our recent market update video, then bravo, you were paying attention.)
In fact, 3 of these 4 listings were on the market already for stretches this year, at higher prices, with different agents. We're sure everyone thought they had gamed out the market right, but conditions shifted while the homes were listed. (Does that sound like a fun experience? It's not fun.)
The last one here is an East Manhattan lot sale asking $2.000M, when we have seen lots in the same area go as high as $2.400M this year.
Open house times are listed below, but you can also click "Open Houses" at the top of our site, which displays all the Manhattan Beach open houses. There are also links right at the top to Hermosa Beach and Redondo Beach opens.
PLEASE NOTE: Below, we present listings new to the Manhattan Beach market this week, via the MLS. They are listed and brokered by a variety of agents and firms. The name of the listing broker and agent for each property, along with any contact information supplied through the MLS, is displayed with each property, next to the price. Blog author Dave Fratello of Edge Real Estate Agency is not the listing agent unless so stated with the listing. Excerpts of the listing agent's description of each property are provided in quotes.
Click on any property address or photo to open a new page with full listing details, all photos, listing broker and agent information, and other MLS information. Any observations and comments about listings represent the professional judgments and opinions of the author, Dave Fratello, not the listing brokers or agents. Please see our blog disclaimer.
3004 Oak Avenue (3br/2ba, 1794 sqft.) is a remodeled home with a second story - though this initial exterior shot doesn't quite capture that fact.
It ran 2 months this Summer (July-Sept.) at $2.650M, then re-listed with 0 DOM with the same agent for another month at $2.495M. Now it's back almost $300K lighter. (Wow.)
Back in July, we said this home "is a uniquely remodeled home w/ master suite popped up over the living room in back."
"The simple, modernist style is inspired, a bit different from what you might expect."
"While this home is on the 'commercial' side of Oak, it backs up to a modest strip mall, whose building appears to limit traffic noise from Sepulveda."
From the current official description:
"Old world charm with a modern flare [sic], this stunning home has everything you’re looking for in a remodeled home... When you walk up to the entry, take a second and turn back to an expansive semi enclosed front yard with a basketball hoop perfect for your inspiring [sic] NBA or WNBA star... There are two nicely sized bedrooms downstairs with a large bathroom that was remodeled to the tens. The primary bedroom is upstairs with a gorgeous fireplace, seating area, large windows that bring in light, an en-suite that has been designed with the highest quality in mind, oversized tub, beautiful shower and a large primary closet..."
"The completely remodeled kitchen opens to the living room and dining area. The Kitchen features custom quartz countertops, stainless steel appliances, white modern cabinets, large pantry and beautiful island perfect for breakfast. The family room features custom cabinetry and shelving, a stunning gas fireplace with custom mantle, built-in surround sound, and recessed lighting. The high ceilings in this room, along with large double French doors and oversized windows, gives you the feeling of indoor outdoor living. Off of the family room there is an office area with a barn door that opens to a large closet perfect for working from home or doing homework... Your new home is just a short bike ride to the beach and easy walk to Manhattan Village and the Pointe [sic] for dining and shopping! Do not forget the Award-Winning Manhattan Beach School District! Come see this dream property before it’s too late!"
Click here for the Virtual Tour (3D).
3004 Oak Avenue begins at $2.199M and is open Sat. & Sun. 1-4pm.
3004 Oak Avenue is Listed by Daniel Jensen, Jensen Realty.
3616 Elm Avenue (3br/2ba, 1714 sqft.) is an SFR at the corner with Rosecrans that was listed for quite a while this year at much higher prices than it is currently offered.
It began in July at $2.300M and quit the market 10 days ago at $1.899M. It's down $300K more now (wow, again), trying to get eyeballs and foot traffic, maybe even a contract, before the year gets too much older. The description literally promises that it will "sell fast."
From the official description:
"Incredible Italian Villa in Manhattan Beach highly sought-after Tree Section.Short ride on your [sic] to the white sand and waves. Easy walk to newly renovated Manhattan Village and the Point, both great for shopping and dining. This incredible home takes you back to hillsides in Tuscany you're on vacation without the travel... [E]xcitement will run through you when you see your vaulted ceiling with beautiful beams nestled in you large living room that has a custom fireplace and French doors with sidelights that open to an incredible backyard with Built-in BBQ, beautiful patio, yard to play ,water fountain,custom paver titles, low maintenance vinyl fencing and masterfully [sic] landscaping to die for."
"Let's go back into the house for all the wonderful features your new home has. Off of the living room is a formal dining room with crown molding which is opened to the kitchen and living room. The kitchen has a gas cooktop ,double oven,microwave,beautiful countertops,custom cabinets,stainless steel refrigerator and dishwasher. All three bedrooms are on the main level. The primary bedroom boasts an expansive closet and a primary bathroom that has been remodeled with quartz countertop and a large shower with all the features..."
3616 Elm Avenue begins at $1.599M and is open Sun. 1-4pm.
3616 Elm Avenue is Listed by Daniel Jensen, Jensen Realty.
513 N Dianthus Street (3br/3ba, 2770 sqft.) is now listed for its third time this year, but there was a sale at one point. It sold for $3.200M in April, $200K over asking at the time.
Those were the days.
The home got a pretty thorough style makeover, with new flooring, paint and accents, but suddenly came back to market in August at $3.600M. It was cut to $3.450M before quitting last week, and has now returned, with a new agent, another $100K lighter.
With full, standard fees, a sale at full price now would not recoup the purchase price, let alone the costs of remodeling. Welcome to late 2022.
It's too bad, because this Hill Section tall-and-skinny clearly has its charms, including city views, a sizable master, a couple of living spaces and a little saltwater pool and spa. That's a lot in one package.
From the official description:
"This sleek, contemporary home boasts sparkling city & mountain views from multiple rooms, dramatically accented by soaring ceilings and custom-built, curved, single-pane, floor-to-ceiling windows... Plus, with no fewer than four balconies (one with a Wolf grill in a gorgeous teak cabinet) and a rear yard equipped with a covered-and-heated dining/living terrace in addition to the aforementioned flagstone pool & spa with water feature, this home’s surprises just can’t be held in by four walls."
"513 N Dianthus Street’s spacious, light-filled kitchen with Viking Professional & Sub-Zero appliances is its beating heart, but the owner’s suite – which runs the entire width of the home – is its soul. With a private balcony, crackling fireplace, twin walk-in closets and a resort-like bathroom with double sinks and walk-in shower, this private enclave is an escape within an escape. With new paint inside & out, new hardwood floors, renovated bathrooms, new lighting fixtures and updated finishes, this one-of-a-kind home has it all..."
513 N Dianthus Street begins at $3.349M and is open Sat. & Sun. 1-4pm.
513 N Dianthus Street is Listed by Edward Kaminsky, eXp Realty of California, Inc.
East Manhattan Beach
1658 Ruhland Avenue (2br/1ba, 819 sqft.) is a full 7500 sqft. Mira Costa district lot.
We noted way up above in this post that comparable lots got bid up this year as high as $2.400M. One was 1643 Gates, just 3 short blocks north, which hit that $2.4M in May.
This new listing starts 20% lower.
From the official description:
"Opportunity knocks! Large flat corner lot in East Manhattan Beach. There is currently a two bedroom, one bathroom house with an ENOURMOUS backyard. Remodel? Add square footage? Build your dream house? The choice is yours. The neighborhood is fantastic, with convenient access to award winning Manhattan Beach schools, fabulous shopping, lush parks and incredible restaurants."
1658 Ruhland Avenue begins at $2.000M.
1658 Ruhland Avenue is Listed by Aaron Klapper, eXp Realty of California, Inc.