New Liberty Village Homes Find Buyers

By Dave Fratello | June 21st, 2016

For quite a while there, all that we had to report from the "new construction in Liberty Village" front was: It's not selling.

1304 Lynngrove Drive Manhattan Beach CA"It" was 1304 Lynngrove (5br/6ba, 3750 sqft.), a high-gloss, ultramodern new home improbably placed in Manhattan Beach's own Mayberry-by-the-sea ("by-the-park?"), Liberty Village.

The LV is often the definition of an entry-level neighborhood for MB, with the lowest prices in town. Find out what a house on Aviation-adjacent Wendy Way is selling for, and you may well know where the first rung on the MB ladder is.

So to see this Hollywood-caliber new home pop up amid the 1950s cottages in this otherwise modest neighborhood was jarring. The initial $3.199M asking price was even more so. (With some appreciation for the "boldness" and market-making ambitions of the ask, we first mentioned 1304 Lynngrove back in Feb. 2015, in "Pushing $3M in Liberty Village?")

Over time, the sellers reduced their ambitions considerably and the listing was last seen at $2.599M

1304 Lynngrove made a deal last week.

It's selling, after all!

A completely different spec project sprouted on a different part of Lynngrove just past the middle school.

1901 Lynngrove Drive Manhattan Beach CAIt's 1901 Lynngrove (5br/4ba, 3400 sqft.), easily the more conventional of these two Liberty Village homes.

Built on a corner lot in a "Contemporary... Plantation" style, it's easy on the eyes and warm on the inside. It's definitely got that modern/contemporary accent – not all shingles-and-shaker-and-Carrara like you might see in beachier homes, but pleasant for sure.

This one only debuted in May, so its deal in the 6th week (39 DOM) was relatively fast.

The modern at 1304 Lynngrove had gone through 4 separate MLS listings (including the pre-completion offerings) and racked up an impressive 472 combined days on market over that span.

Both of these new construction listings will set new records for the Liberty Village neighborhood (east of Redondo Ave.) when they close up.

1805 Faymont Avenue Manhattan Beach CAThe one and only LV sale ever to go over $2M came last October at 1805 Faymont (5br/4ba, 3500 sqft.), a custom 2008 Mediterranean, which closed for $2.060M.

That made both of the spec projects big bets.

There is no reason to say that Liberty Village is somehow undesirable or that a new home in the area isn't worth what a comparable home might be worth just west of Redondo. (Consider the artistically executed beauty at 1631 19th [5br/4ba, 3475 sqft.], new construx sold last year for $2.725M.)

But someone had to "go first." Now, both of these new homes have "gone first," more or less together. Or, more to the point, the buyers of these homes have "gone first."

Now all they've got to do is wrap up the sales and we'll begin to see Liberty Village redefined, ever-so-slightly.


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