How rare is this in the past few years?
A new listing comes out. Ocean views. Newer construction. Good location.
The buyer comes in early and says, "Love it. We want it for $350K less."
And the seller says yes!
This unlikely scenario actually went down at 433 21st in August. (The sale just closed.)
The 2009 ocean-view TH is pretty much at the crest of 21st St. and gets good views across the street to the south and west.
It's average-sized for a Sand Section TH at 3br/4ba, 1925 sqft. (We recently ran an analysis of several years' worth of TH sales in the Sand, finding the rough average of all Manhattan Beach townhomes sold to be more like 2100 sqft.)
There was a lot to recommend the home when it came out at $2.999M in late July. But was there…