sand section

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There's more data coming in on Sand Section lot values.

South of the pier, two neighboring lots were offered for a time together – one big $10 million plot of 5400 sqft. total.

It didn't work, so the lots wound up being sold separately.

The newest closing is at 229 4th St.

Asking $5.000M for a while, it's now a done deal at $4.800M.

It was just back in mid-August that the neighbor sold.

235 4th closed for $3.850M.

Both sales say a lot about dirt values... One at $1,425/PSF for the land alone, and one at $1,777/PSF for dirt.

Way back in May this year, while both lots were on the public market seeking buyers, MBC posed the question:

Is it worth $1M more to be one door west off of Highland?

And the answer turns out to be, basically, yes. Or at…

Take a half lot in sight of downtown and featuring plenty of traffic... what's that worth?

In the case of 209 15th, the answer is $2.401M.

That's a $102K overbid over the list price of $2.299M.

We went looking for comps. Uh-oh, the market seems to have found a way to carve out a new category-specific high with this sale. 

Half lot, west of Highland: $2.4M.

The smallish, 2-story house here (3br/2ba, 1275) is dated and you have to say the bulk of the value is in the land, all 1345 sqft. of that plot.

We can't find a like sale that's even close. $1.7? $1.9? $2.1? Nothing.

There is one very big number from last year that arguably beats the sale at 209 15th: 2401 Manhattan Ave. has a walkstreet frontage and the feel of a 100-block house, albeit with one

We got a kick out of seeing this line in a recent Manhattan Beach listing: "DON'T LET THE PHOTOS FOOL YOU!"

Hey, isn't that the whole point?

Photos are supposed to put a home in its best light, aren't they? Make rooms look bigger, make dated features look fresh, and generally put a shine to even the darkest corners. Photos may not "fool" anyone, but they had better entice you to come see (and maybe buy) the house. Otherwise, someone's not doing their job.

In that one case (1510 23rd, pictured, just sold for $1.940M), the point of the "don't let the photos fool you" warning had something to do with persuading potential buyers that the home was not just one of many cookie-cutter "Roth built" homes with the same old/same old floorplan and features. No!

An electrical transformer meltdown and fire in the Hill Section on Sunday night triggered "brownouts" and blackouts in many parts of Manhattan Beach that ran into the morning hours Monday. (Here's our pic of the melted asphalt and lawn where a transformer ceased to be, at 11th/Poinsettia.)

If you were affected (as was MBC HQ), then you know what a rude wake-up call the loss of power can be. No one sleeps or awakens at the right time, odd alarms go off, breakfast is a mess, electronics aren't charged, school bells and street signals are in chaos. And don't even get us started about life without internet.

It's a wonder we ever hold it together.

Somehow, the vibe of the local real estate market as the week kicked off was also weird.

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