We're in an upcycle in Manhattan Beach real estate that is seeing all kinds of new highs carved out.
Pick your category. New construction on a single lot in the Tree Section? How about $3.6M and $3.7M, hit last August at 705 26th and 709 26th.
Strand dirt? How about 104 The Strand at $9.500M in February this…
We're in an upcycle in Manhattan Beach real estate that is seeing all kinds of new highs carved out.
Pick your category. New construction on a single lot in the Tree Section? How about $3.6M and $3.7M, hit last August at 705 26th and 709 26th.
Strand dirt? How about 104 The Strand at $9.500M in February this year?
East MB new construction? 1626 1st (5br/5ba, 4950 sq. ft.) hit $3.200M (see "3.2 Is the New Crest for East MB").
Townhomes east of Highland? All of a sudden $2.8M is the new normal after it had never been hit: First, 2520 Alma, then 2300 Alma, and, now in escrow, new 408 32nd (pending). (Plus, we hear 2520 Alma is set to resell for more.)
Joining the fray now is a new listing behind the gates of the MB Village: 22 Chatham (4br/3ba, 2950 sq. ft.).
This is an updated SFR with a private backyard. It starts at $2.365M.
We can find just 2 sales ever in the MB Village over $2M. Both were in 2007, and one was a neighbor, at 26 Chatham, which sold for $2.095M exactly 7 years ago.
The Village SFR record high we see was at 60 Village Circle (4br/3ba, 2975 sq. ft.) at $2.200M later in 2007 (October).
If there's going to be a year when you might see a 7-year-old record eclipsed, this could be that year.
This listing for 22 Chatham does not set the record for highest asking price in the Village, however.
No, a prior listing on 22 Chatham does. In 2010, they asked for $30K more, $2.395M – to no avail.
Both 9 Cambridge and 13 Bridgeport asked $2.299M in past listings, but never sold.
11 Chatham (4br/4ba, 3250 sq. ft.) had the next-highest asking price, $2.249M in 2009, but instead sold – privately – for much less, $1.830M in 2010.
Behind the gates, now, it's off to the races.
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 December 9th, 2023 at 4:30am 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.
