'Only' 2 Properties Over $10M in 2019

By Dave Fratello | January 9th, 2020

Maybe it was a pretty normal year in Manhattan Beach real estate.

But one thing was lacking: The ultra-elite super-top-dollar sales.

There were only two sales over $10 million.

The top sale in Manhattan Beach in 2019 wasn't even a Strand house, which would be typical.

317 17th Street Manhattan Beach CAInstead, it was 317 17th (6br/10ba, 11,900 sqft.), a triple-lot Vegas mega mansion on a walkstreet near downtown.

317 17th closed for $16.000M.

It had begun in Jan. 2017 at $19.950M, cut (haha) to $16.995M in 2018, then quit. It sold privately in March 2019 for that $16.000M number.

The one and only other sale in Manhattan Beach in 2019 over $10M was 816 The Strand, largely a lot-value proposition. It closed for $11.775M in January 2019.

In 2017 (a go-go year), there were 7 sales over $10M, with 2 of those over $20M.

Almost all of 2017's $10M+ were Strand sales, with the exceptions being the giant classic Hill Section home at 814 Pacific ($20.000M) (pictured) and 1155/1165 Ronda at $10.885M. (The latter featured a double lot and large, remodelable home in an ultra-private East MB enclave we've sometimes called Bel-Air-by-the-Sea.)

As we compare years, 2018 had 5 sales of $10M+, all but one on The Strand, with the other in the Hill Section.

Here's a quick look at all of the top-dollar stats for recent years:

2019: 2 over $10M

2018: 5 over $10M

2017: 7 over $10M, with 2 over $20M

2016: 0 over $10M

2015: 1 over $10M

2014: 5 over $10M

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