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 224 32nd Street BD/BA 4br/5ba SQFT 4367 sqft LOT 2698 PRICE $6,999,997 $PSF $1,603 DOM 270 DOM START $ $7,499,000 START 07/17/20
Address 919 1st Street BD/BA 4br/4ba SQFT 2700 sqft LOT 8599 PRICE $8,300,000 $PSF $3,074 DOM 19 DOM START $ $8,300,000 START 03/25/21
Address 216 7th Street BD/BA 4br/6ba SQFT 4800 sqft LOT 2702 PRICE $9,650,000 $PSF $2,010 DOM 20 DOM START $ $9,650,000 START 03/25/21
Address 220 8th Street BD/BA 4br/4ba SQFT 4195 sqft LOT 2709 PRICE $10,000,000 $PSF $2,384 DOM 19 DOM START $ $10,000,000 START 03/22/21
Address 825 Highview Avenue BD/BA 4br/5ba SQFT 4709 sqft LOT 5346 PRICE $10,195,000 $PSF $2,165 DOM 36 DOM START $ $10,195,000 START 03/03/21
Address 3416 The Strand BD/BA 5br/5ba SQFT 3934 sqft LOT 3494 PRICE $11,500,000 $PSF $2,923 DOM 75 DOM START $ $11,500,000 START 01/28/21
Address 2912 The Strand BD/BA 5br/3ba SQFT 3640 sqft LOT 4919 PRICE $11,750,000 $PSF $3,228 DOM 3 DOM START $ $11,750,000 START 04/05/21
Address 2415 Manhattan Avenue BD/BA 3br/5ba SQFT 4275 sqft LOT 2705 PRICE $12,000,000 $PSF $2,807 DOM 6 DOM START $ $12,000,000 START 04/07/21
Address 2016 Ocean Drive BD/BA 5br/6ba SQFT 5739 sqft LOT 2698 PRICE $14,000,000 $PSF $2,439 DOM 582 DOM START $ $14,000,000 START 09/09/19
Address 2316 The Strand BD/BA 6br/7ba SQFT 5715 sqft LOT 3503 PRICE $16,500,000 $PSF $2,887 DOM 139 DOM START $ $17,500,000 START 11/25/20
Address 1516 The Strand BD/BA 4br/4ba SQFT 4953 sqft LOT 3330 PRICE $17,900,000 $PSF $3,614 DOM 56 DOM START $ $17,900,000 START 02/16/21
Address 508 The Strand BD/BA 5br/6ba SQFT 3963 sqft LOT 3337 PRICE $19,900,000 $PSF $5,021 DOM 26 DOM START $ $19,900,000 START 03/18/21

 

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