South of the Manhattan Beach pier, there's a special appeal to Sand Section homes that seems to propel values up.
One of the latest, and most interesting sales, is 617 Manhattan Ave. (3br/3ba, 1970 sqft.).
It's a 1980s Spanish that could use a round of updates. Big time.
When it launched at $4.900M, you may have assumed that was a full-lot house (2700 sqft.), but no. Per the MLS, the walkstreet-fronting home is situated on a 1344 sqft. plot of land.
Manhattan Ave., which tends to be busier than Highland Ave. south of the pier, runs along a side of the home.
The listing ran a month with no price cuts, but it turns out that the serious buyer who knocked did take a big discount.
The closed sale now: $4.250M. That's 13% under the asking price (-$650K).