Manhattan Beach Strand Sales Hit Record Highs

By Dave Fratello | December 27th, 2021

Waterfront real estate in town is a rare luxury, and price points on The Manhattan Beach Strand are among the highest in town.

Still, 2021 is poised to blow away recent sales records on The Strand.

Of course it is! This year is a record year in so many ways, naturally The Strand is going to edge in to secure its place in the record books.

With 16 sales already closed in calendar year 2021, the year clearly sets a record, beating out 2012's total of 11 Strand sales.

No other year in the past 20 had double-digit sales. You'll usually see around 5 public sales within a given year, give or take.

The weakest years recently?

2008: Crash year, zero Strand sales

2010: Weak recovery year, 2 sales

2016: Wobbly year, 1 sale

2019: Wobbly year, 3 sales

But in big-time busy years, including 2012 (start of the current boom market) and 2021 (huuuuuuge), you see more Strand sales also.

Meantime, due to a large number of pricey sales, the average for Strand sales exceeds $10M. There were 9 sales over $10M, 3 of those over $16M.

For the 16 sales closed as of press time, the total amount of money spent for Strand homes is $161.45M.

Both figures are an enormous bump over 2020, which saw 6 sales worth $61.3M.

508 The Strand Manhattan Beach CAThe top sale for The Strand this year was 508 The Strand (5br/6ba, 4325 sqft.) at $19.200M, also the highest sale of the year in Manhattan Beach.

There are still 2 pending sales on The Strand as we speak, each of which inked purchase contracts in late November, meaning we could end up with 16-17 sales if any close before year end.

Have a look at the past year's Strand sales below, or on this page displaying past sales on The Strand in Manhattan Beach.

UPDATE: The original version of this post referenced 15 sales that posted prior to publication date. As one more sale closed before year-end, we updated the text and graphics.

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 808 The Strand BD/BA 4br/5ba SQFT 2911 sqft LOT 5070 PRICE $9,600,000 $PSF $3,298 DOM 121 DOM SOLD SOLD 12/29/21 START $ $11,695,000 START 12/29/21
Address 3416 The Strand BD/BA 5br/5ba SQFT 3934 sqft LOT 3494 PRICE $10,650,000 $PSF $2,707 DOM 109 DOM SOLD SOLD 12/01/21 START $ $11,500,000 START 12/01/21
Address 508 The Strand BD/BA 5br/6ba SQFT 4325 sqft LOT 3337 PRICE $19,200,000 $PSF $4,439 DOM 153 DOM SOLD SOLD 10/15/21 START $ $19,900,000 START 10/15/21
Address 4230 The Strand BD/BA 3br/3ba SQFT 1606 sqft LOT 3500 PRICE $3,125,000 $PSF $1,946 DOM 5 DOM SOLD SOLD 09/30/21 START $ $2,900,000 START 09/30/21
Address 1149 The Strand BD/BA 2br/2ba SQFT 1926 sqft LOT 3324 PRICE $5,550,000 $PSF $2,882 DOM 7 DOM SOLD SOLD 09/24/21 START $ $5,799,000 START 09/24/21
Address 4112 The Strand BD/BA 4br/4ba SQFT 2550 sqft LOT 3507 PRICE $6,775,000 $PSF $2,657 DOM 104 DOM SOLD SOLD 09/16/21 START $ $7,490,000 START 09/16/21
Address 2316 The Strand BD/BA 6br/7ba SQFT 5715 sqft LOT 3503 PRICE $16,500,000 $PSF $2,887 DOM 148 DOM SOLD SOLD 09/10/21 START $ $17,500,000 START 09/10/21
Address 2508 The Strand BD/BA 4br/6ba SQFT 4554 sqft LOT 3502 PRICE $12,225,000 $PSF $2,684 DOM 56 DOM SOLD SOLD 09/03/21 START $ $12,999,000 START 09/03/21
Address 3808 The Strand Drive BD/BA 4br/7ba SQFT 4772 sqft LOT 3501 PRICE $11,100,000 $PSF $2,326 DOM 50 DOM SOLD SOLD 06/21/21 START $ $13,500,000 START 06/21/21
Address 2912 The Strand BD/BA 5br/3ba SQFT 3640 sqft LOT 4919 PRICE $12,500,000 $PSF $3,434 DOM 5 DOM SOLD SOLD 05/19/21 START $ $11,750,000 START 05/19/21
Address 3616 The Strand C BD/BA 4br/3ba SQFT 2548 sqft LOT 0 PRICE $4,322,500 $PSF $1,696 DOM 0 DOM SOLD SOLD 04/30/21 START $ $4,650,000 START 04/30/21
Address 3208 The Strand BD/BA 6br/4ba SQFT 3748 sqft LOT 3488 PRICE $10,510,000 $PSF $2,804 DOM 0 DOM SOLD SOLD 04/26/21 START $ $10,000,000 START 04/26/21
Address 4216 The Strand BD/BA 5br/6ba SQFT 3825 sqft LOT 3510 PRICE $6,955,000 $PSF $1,818 DOM 123 DOM SOLD SOLD 04/15/21 START $ $7,249,000 START 04/15/21
Address 1144 The Strand B BD/BA 3br/2ba SQFT 2470 sqft LOT 3328 PRICE $3,500,000 $PSF $1,417 DOM 45 DOM SOLD SOLD 03/17/21 START $ $4,500,000 START 03/17/21
Address 3212 The Strand BD/BA 3br/2ba SQFT 2307 sqft LOT 3516 PRICE $10,510,000 $PSF $4,556 DOM 27 DOM SOLD SOLD 03/12/21 START $ $10,950,000 START 03/12/21

 

 

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