Plenty of $6M Houses

By Dave Fratello | April 10th, 2018

218 N Dianthus Street Manhattan Beach CAThe market for homes above $6M is rare air.

But finding a home in Manhattan Beach priced above $6M right now isn't so hard.

If that's your budget, you've got plenty of choices.

Out of the 18 homes listed below, there are 11 that aren't on The Strand and are essentially move-in ready (even if a buyer might want to update).

Out of the 11 move-in-ready homes, most (6) are in the Hill Section.

100 N Dianthus Street Manhattan Beach CANote: The borderline case of 100 N. Dianthus is one we're counting here as move-in-ready, partly out of wishing to see someone update, but preserve, that custom 80s courtyard home. Its large corner view lot could prove to be more valuable than the house itself, but our preservation instincts are tugged upon by this one. (Note: Soon after this post went live, 100 N. Dianthus cut its price from $6.500M to $5.999M, but we'll still count it as a $6M home.)

So, who's supposed to be buying these homes? (Rhetorical question.)

There's charm and wonder to the large Southwestern view home with pool and climbing wall at 233 Anderson (5br/6ba, 6790 sqft.), asking $6.495M.

There is almost everything to love about a masterpiece of a house at 617 Anderson (6br/8ba, 6450 sqft.), asking $6.999M, except maybe some of the photos (vertical? please no). 

The magestic Italianate at 218 N. Dianthus? (Pictured at the top.) Sure. (Asking $6.395M.)

304 N Ardmore Avenue Manhattan Beach CAAnd so it goes, through the list, up to and including new construction at 304 N. Dianthus (5br/6ba, 6350 sqft., asking $7.199M).

If you want the big house and/or the great location, you can get those things for a $6M+ budget.

Look outside the Hill Section, and you might find a house on a lower walkstreet (224 29th at $6.200M, 130 19th at $9.250M or 125 17th at $7.850M), or a radically revamped townhouse near the water (508 Manhattan Ave., $6.500M).

Even though there are all those listings to look at, there's only one home at $6M+ in escrow today (621 8th, listed at $7.195M), and only 2 have closed on the public market here in 2018 above $6M (624 9th at $8.050M and 3405 Manhattan Ave. at $6.450M). A couple more sold off-market.

There were 24 public-market sales in 2017 at $6M or higher, including Strand properties.

This is not to say there's no demand, but buyers at this tier increasingly seem to have been patient, and may be rewarded for that.

Here's a list of all Manhattan Beach homes publicly listed for sale over $6M as of today. As always, there are more off-market or in a pre-market status we're hearing about also. (The display will automatically update. Email subscribers will need to view the post in a browser to see the listings.)

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 2615 Crest Drive BD/BA 3br/6ba SQFT 3216 sqft LOT 1752 PRICE $6,499,000 $PSF $2,021 DOM 129 DOM START $ $6,999,000 START 09/06/18
Address 212 18th Street BD/BA 5br/6ba SQFT 4269 sqft LOT 2703 PRICE $6,980,000 $PSF $1,635 DOM 8 DOM START $ $6,980,000 START 01/05/19
Address 224 16th Street BD/BA 5br/5ba SQFT 4224 sqft LOT 2698 PRICE $7,195,000 $PSF $1,703 DOM 220 DOM START $ $7,195,000 START 06/07/18
Address 304 N Ardmore Avenue BD/BA 5br/6ba SQFT 6342 sqft LOT 7095 PRICE $7,199,000 $PSF $1,135 DOM 165 DOM START $ $7,199,000 START 08/01/18
Address 127 16th Street BD/BA 5br/3ba SQFT 2157 sqft LOT 2700 PRICE $7,200,000 $PSF $3,338 DOM 537 DOM START $ $7,200,000 START 07/25/17
Address 424 20th Street BD/BA 8br/10ba SQFT 6073 sqft LOT 5148 PRICE $7,395,000 $PSF $1,218 DOM 100 DOM START $ $7,995,000 START 10/05/18
Address 1026 Pacific Avenue BD/BA 6br/8ba SQFT 7161 sqft LOT 6006 PRICE $8,395,000 $PSF $1,172 DOM 124 DOM START $ $8,800,000 START 09/05/18
Address 212 16th Street BD/BA 4br/5ba SQFT 4100 sqft LOT 2700 PRICE $8,795,000 $PSF $2,145 DOM 20 DOM START $ $8,795,000 START 12/04/18
Address 814 10th Street BD/BA 6br/8ba SQFT 8963 sqft LOT 12015 PRICE $8,995,000 $PSF $1,004 DOM 159 DOM START $ $9,550,000 START 08/07/18
Address 120 5th Street BD/BA 4br/6ba SQFT 5000 sqft LOT 2706 PRICE $9,925,000 $PSF $1,985 DOM 0 DOM START $ $9,925,000 START 01/14/19
Address 3416 The Strand BD/BA 5br/5ba SQFT 3934 sqft LOT 3494 PRICE $11,995,000 $PSF $3,049 DOM 276 DOM START $ $12,395,000 START 04/12/18
Address 3400 The Strand BD/BA 5br/6ba SQFT 5468 sqft LOT 3502 PRICE $18,300,000 $PSF $3,347 DOM 185 DOM START $ $19,300,000 START 07/12/18

 

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