remodels

There are currently 30 blog entries related to this category.

Not to be dramatic, but there was a time when $2M could take you pretty far when shopping for homes in Manhattan Beach.

Now, a budget like that is going to involve some compromises. Take a smaller home. Plan a new build or major remodel. Or some combination thereof.

Here's a not-necessarily-complete list of recent sales somewhere near $2M, which illustrate the options at that price point.

As with every property referenced on the blog here, you can click any address for full listing details & photos.

2701 Pine Avenue Manhattan Beach CA2701 Pine (4br/3ba, 2300 sqft.) is a dapper Cape Cod on a corner in a mostly quiet part of the Tree Section. It has just closed for $2.200M.

Both the home and the lot are significantly smaller than is typical for the Tree Section. A 4br house would often…

Let's continue with a look back at data from 2015.

Here are the highest sale prices in the prestigious Hill Section last year.

Highest Sale of 2015

612 John Street Manhattan Beach CA612 John (6br/8ba, 7400 sqft.) very nearly tripled in market value since its 2000 build.

That's a fascinating headline from the highest-ever public market sale in the Hill Section.

Closed Price: $9.400M in July.

This home was built on spec way-back-when in the year 2000, becoming a fine exemplar of the era's modern/Mediterranean estates that now dot the Hill Section. It sold new for $3.320M in December 2000.

The most recent prior purchase had been for $5.400M in 2011. That new owner went about customizing and updating the property inside.

Views from the property are considerable, among our town's best.…

3300 Ocean Drive Manhattan Beach CABack in February, with the ambitious launch of 3300 Ocean Drive at $4.350M, we offered two quick points:

(1) [I]t would really be something to see a nearly $2,200/PSF sale come to fruition; and

(2) Tip: Don't bet against it.

It turns out, to get a deal done on this impressively remodeled and even-more-impressively located TH, they had to chop $350K off the top.

But there can't have been any tears over that chop.

A sale price of $4.000M on a 3bd/2ba, 1850 sqft. townhome boils down to $2,162/PSF, which is up there in the stratosphere.

1904 Ocean Drive Manhattan Beach CAThe highest PPSF we've seen recently on a non-Strand home – exempting lot sales, with their crazy PPSFs on tiny, old 'dozer-bait houses – was also on Ocean Ave., specifically 1904 Ocean Ave.

That's a 2br/2ba, 1800 sqft.…

One of the symptoms (for better or worse) of a real estate upcycle is that flippers come to town and find it profitable to make over homes for resale.

It may be just an impression, but this time around, it seems like the caliber of work is a cut above the kinds of quickie rehabs we saw in the early part of this century, as the last cycle was heating up (2002-2005 especially).

Hypothesis: There are now fewer "get rich quick" cable TV shows about home flipping.

Corollary/Related: There are now fewer people watching cable.

Whatever the full set of reasons, the Manhattan Beach real estate market seems to have attracted better work.

3613 Walnut Avenue Manhattan Beach CAOne that stood out for us was the Tree Section remodel at 3613 Walnut (4br/5ba, 3545 sq. ft.), where a sale has now closed at