The Strand's great, we can all agree on that – if you like the fishbowl life, anyway. (It's not for everyone.)
Last year – no surprise – the 3 highest-priced sales in MB were on The Strand, including
1200 The Strand (5br/5ba, 4250 sq. ft.)
(pictured). 1200 was the priciest publicly offered property to sell in MB in…
The Strand's great, we can all agree on that – if you like the fishbowl life, anyway. (It's not for everyone.)
Last year – no surprise – the 3 highest-priced sales in MB were on The Strand, including
1200 The Strand (5br/5ba, 4250 sq. ft.)
(pictured). 1200 was the priciest publicly offered property to sell in MB in 2010 at
$7.5m. (See "
High/Low Prices of 2010, Sand.")
There was also an off-market sale last year at
2020 The Strand, which had to qualify as a lot sale though there's a somewhat updated – if quirky – home on the land now. That one went privately for
$9m in April 2010, only to pop up early this year in forced combination with
2016 The Strand (purchased for
$7.9m in June 2007) with an asking price that caused a shudder –
$30m for the primo double lot.
While they're pushing the envelope 10 blocks north, there's been another Strand sale near the pier that's a bit more realistic.
The triplex at
1012 The Strand is charming in its own right, and generating income, but it was marketed, too, as a dirt sale.
It also came in a tick below $6m, at
$5.895m.
One obvious comparison is a fairly nearby neighbor,
908 The Strand, a dirt sale that hit the market a year ago at $5.595m – willfully underpriced – but wound up selling for more:
$6.030m.
Put yourself a little closer to the pier and the
hoi polloi thereabouts, and there will be a discount – in this case, $135k over a year's time for 1012.
Did you ever wonder about the bucks per square foot for lot sales in this highfalutin area? If you look at dirt sales alone, consider:
- 204 & 208 The Strand – separate sales at $6.1m and $6.7m each, respectively, in March 2009, average dirt PPSF = $1,921. (The lots were combined and a big home is well under way.)
- 908 The Strand – $1,809/PSF for the land.
- 1012 The Strand – $1,769/PSF for the dirt.
There's lots more going on around The Strand this year, and even more to come, we're feeling. For now, we've got another intriguing anchor with the sale at 1012.
We'll come back to The Strand soon – literally, probably in the morning, and on MBC, within a couple of weeks.
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 March 19th, 2024 at 12:35am PDT. 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.