It's time for one of our twice-monthly updates on the Manhattan Beach real estate market.
We'll focus here on a couple newly posted sales.
Just off Sepulveda to the east, two new homes were built, each ambitious in their own ways.
Most recent was 1120 6th (5br/5ba, 3600 sqft.). This not-maxed-out…
It's time for one of our twice-monthly updates on the Manhattan Beach real estate market.
We'll focus here on a couple newly posted sales.
Just off Sepulveda to the east, two new homes were built, each ambitious in their own ways.
Most recent was 1120 6th (5br/5ba, 3600 sqft.). This not-maxed-out "Planation-style home[] with a coastal vibe" launched in August this year (not so long ago) at $3.099M.
There was no way. Not for a home that's the first residence off of Sepulveda, with a large commercial building – specifically, a sports bar – as the next-door neighbor.
After one price cut, the listing quit and rebooted immediately (what's that called again? oh yeah, a bogus relist ) with a new price of $2.688M.
Miraculously, that "new" listing lasted only a week.
It's sold now for $2.550M.
That price is the cheapest least pricey for full-sized new construction east of Sepulveda since July 2014, when the location-challenged 1701 Nelson (5br/5ba, 3620 sqft.) went for $2.450M.
The most recent similarly sized new homes to sell both went $200K over the sports-bar house.
And both were on 5000 sqft. lots, not 7500 sqft. lots. They were 1135 18th (pictured; 4br/5ba, 3450 sqft. at $2.750M) and 1631 19th (5br/4ba, 3475 sqft. at $2.725M).
In this case, that $2.550M for 1120 6th has what you call a "location discount" built in.
Then, what to say about 
1131 6th (5br/5ba, 5025 sq. ft.) coming in at $3.600M?
As we already noted in "Quick East MB New Construx Catchup," this oversized house with the undersized yard and its proximity to Sepulveda just came in as the highest-priced new construction ever east of the highway. (On typical-size lots.)
The only "discount" for that $3.6M sale was the reduction from asking price: The stratospheric start price of $4.499M.
Good news for the rest of the block, then.
Here's the rest of our local real estate market update report for the period ending 11/15/15:
- 75 active listings as of 11/15/15 (-1 from 11/1)
- 65 SFRs (-2)
- 10 THs (+1)
See the inventory list as of 11/15 here, or see the MB Dashboard for up-to-the-minute data.
Active listings by region of Manhattan Beach in this report:
- Tree Section: 16 actives (-1)
- Sand Section: 29 actives (same)
- Hill Section: 11 actives (+2)
- East MB: 20 actives (-2)
We're also providing a report on closed sales by region of MB.
Sales data, including PPSF for all properties, are organized by sub-region of Manhattan Beach.
Here's a link to the spreadsheet: "MB Pending/Sold as of 11/15/15."
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 November 30th, 2023 at 4:31pm 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.
