Two Strand Lots Down $1m

By Dave Fratello January 9th, 2009.

Several weeks ago MBC noted that, after a long drought of Strand listings, suddenly, there were 4 options on public offer.

The prices then ranged from $6.9m for the most livable home (a townhouse at 2700 The Strand) to $8.2m for the priciest of 3 lot sales.

The high end is down now.

204 The Strand (click for pics & details via Redfin) has made 2 adjustments, with the second cut this week taking it down a full $1m to $7.2m.

3404 The Strand (pictured) began at $7.8m in early November, but it cut a million bucks at once just 10 days later (3 days after MBC's story), so it's at $6.8m. (We are viewing 3404 as a lot sale even though there is a large, custom home on the land now. It'd be a funky, cool, fun property for someone at $3m-$4m, but at $5-7m it's probably got a date with a 'dozer.)

The fourth property mentioned in our prior story, 3216 The Strand, went off market, last at $7.0m.

This could turn into a long-term process of price discovery for Strand lots. The one to watch is 204 The Strand, the best location, where the neighboring corner-lot property (200 The Strand) is now in advanced stages of construction on a new home. The county assesses 200 The Strand at $6.110m, apparently tied to a 2004 sale at $5.550m.

Also, there's a new home on The Strand north of the pier that's for sale, but not on the MLS. More on that one soon.

Please see our blog disclaimer.

Latest Listings Among
Manhattan Beach Homes For Sale