sand section

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If you walk by 104 The Strand right now, you'll just see a deep hole, some shoring, the beginning of a skeleton of a house. Busy crews are working to make it so much more.

Now, they're working for someone new: A buyer.

That's because the spec project under way there at 104 The Strand has officially posted a deal. They're in escrow as of Wednesday morning with a list price of $18.900M. (We're posting artful renderings from the MLS now, not actual photos.)

Back in May this year, the high-gloss spec project first hit the market at $17.990M. Then the price went up. Someone might be saying now, "Darn, I coulda saved a million bucks."

You may recall way-back-when, about 18 months ago, when the lot at 104 The Strand came out asking $8.000M (a sum we called

Full moon, Super moon...

Beach moon. 

Did you seriously miss the epic pre-sunrise moon-set on Saturday?

Not MBC! (Photo credit: Mrs. MBC.)

Next time we'll drag out all the fancy equipment. (Reminder: Get fancy equipment.)

Our local real estate market isn't setting. When the schools re-open, we typically see a new flurry of activity. So that's... now.

To plan your open-house tours for this week, try this Redfin map list of open houses, or click here for the Beach Reporter list of opens. (Note: The BR now uses a new format, said to be more mobile-friendly. We'll see.)

Don't forget, when previewing homes here on MB Confidential, you can click "Open All Images" right above the main listing photo to get immediate display of all the listing photos at

OK, the kids are back in school, so you can catch up again on what's been going on around town.

Today, we'll start a series of short briefings on the Manhattan Beach real estate market.

First things first, you do typically see an inventory bulge in Summer. At some point in early August, we saw as many as 84-85 homes available for sale in Manhattan Beach. Through absorption, quitting and all, the total is down to 67 as we write on Weds. morn. (See the MB Dashboard for an update.)

You could say a lot of dirt – or sand – changed hands in the Sand Section over the Summer. Here are some of the lot sales to close just since school broke for Summer, along with other news from the beach.

Bruce's Beach Park-Adjacent Lots

2520 Manhattan Ave. and 2519 Bayview,

Maybe we're not charging enough for our house, thought the sellers to themselves... Time for a price increase.

We've seen that around here from time to time.

Is that the case at 516 Marine?

Not really, but there was just a big price jump: From $2.600M asking to $3.699M. That's basically $1.1M (+42%).

They were already asking a pretty princely sum for the original 3br/2ba, 1600 sqft. house. (The 1960 build has some nice updates inside, but more can be done with this nearly 3000 sqft. lot.)

Comps for the property as-is seem to hover in the $2.2-2.3M range, but they were asking $2.6M.

The markup was surely partly about turning a quick-flip profit on a recent acquisition. The property sold just this past March for $2.150M, after some on-and-off NOD