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We Love the Place, Take $11M Off

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by Dave Fratello

 108 The Strand, Manhattan Beach,

A Strand house that previously starred on a TV show has now made a different kind of splash.

It has sold for 40% under its initial asking price.

We are just not sure when we have ever seen that happen.

108 The Strand, Manhattan Beach, 108 The Strand (5br/8ba, 6910 sqft.) is a mega-modern waterfront house built in 2014.

The listing came charging out of the gates at $27.995M in January, just months after 1800 The Strand set the city home price record at $24.500M.

After 6 months, the listing cut a cool $5M to $22.995M. 

108 The Strand, Manhattan Beach, Soon after, the property was in escrow. You might have figured, close to the new price?

Nope.

The closed sale last week: $16.750M. 

That is $11.245M below the initial asking, and $6.2M below the last ask.

108 The Strand, Manhattan Beach, What may be even more remarkable is that the home price was not a great deal higher than the acquisition price more than 6 years ago.

After 7 listings (6 on the MLS) from 2016-18, 108 The Strand sold for $15.250M, in Dec. 2018.

Did it really appreciate just 10% in 6+ years?  

That's not true almost anywhere else in Manhattan Beach.

Bravo, there, buyer.

As noted, the property was featured back in the 2016-18 listing period on a popular "reality" real estate TV show. (We know, we were in it. For a second, haha!)

A purported "behind the scenes" discussion of pricing the property during the show way-back-when captured the arguments for pricing it between $18-20M at the time, but they overshot the market. (For a trip down memory lane, see this post where we quote the pricing discussion in detail and break it all down with data.)

Now you kinda wish you could see a reprise of the discussion that led to this year's $27.995M, and then the listing agent presenting $16.750M, and the seller, "over" it all, saying "yes."

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Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.

Based on information from California Regional Multiple Listing Service, Inc. as of April 17th, 2026 at 6:45pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.