The Rising Values of 1 Bedroom Ocean View Condos in The Village

The one bedroom Village condos in Redondo Beach are a great indicator of the South Redondo real estate market over time as the units are all the same size and configuration. The

The Village

ocean views make a big difference as well as the floor it’s on, but in general the units are pretty similar. Therefore the changes in values year over year make for a good indication of the direction the market is heading.  See below for information on the sales so far in 2018 and how they compare with 2017 and 2016.  It indicates while prices are still high the market is softening with a smaller increase in values from 2017 as well as a longer average days on market.

2018

As of September 10th,  2018 has seen 5 one bedroom condos sold at a median price of $630,000 and an average price of $628,000.  That averaged out to around $1,015 a square foot for the year.  Another important number was the average days on market for 2017 which was 35.

  Address Price $/Sqft
650 The Village #211  $                  600,000 969
610 The Village #311  $                  645,000 1042
610 The Village #315  $                  630,000 1018
620 The Village #108  $                  610,000 985
650 The Village #108  $                  655,000 1058

2017

In 2017 8 one bedroom condos sold at a median price of $615,000 and an average price of $621,000.  That averaged out to around $993 a square foot for the year.  Another important number was the average days on market for 2017 which was 19.

Address  Price  $/Sqft
650 The Village #214  $                  590,000 953
630 The Village #311  $                  615,000 994
620 The Village #107  $                  615,000 994
660 The Village #108  $                  594,000 960
630 The Village #211  $                  635,000 1026
610 The Village #311  $                  670,000 1082
650 The Village #212  $                  650,000 1050
630 The Village #210  $                  599,000 968

2016

In 2016 10 one bedroom condos sold at a median price of $552,550 and an average price of $557,800.  That averaged out to around $900 a square foot for the year.  Another important number was the average days on market for 2016 which was 29.

Address  Price  $/Sqft
650
The Village #210  $                  545,000 880
630
The Village #207  $                  550,000 889
660
The Village #309  $                  600,500 970
650
The Village #104  $                  520,000 840
640
The Village #312  $                  590,000 953
630
The Village #109  $                  520,000 840
660
The Village #310  $                  570,000 921
620
The Village #206  $                  545,000 880
630
The Village #204  $                  555,000 897
630
The Village #115  $                  582,500 941

709 Esplanade – Oceanfront Home For Sale in Redondo Beach CA

Without question the highest priced home currently on the market is the oceanfront home located at 709 Esplanade in South Redondo Beach. While there are numerous condo complexes on the Esplanade there are only a very small number of single family homes along Redondo’s waterfront street. 709 Esplanade is pretty unique in just about every way. While the location is the primary selling point the home is absolutely huge offering somewhere between 8,800 and 9,200 square feet. The home features 5 bedrooms and 6 bathrooms, many of which enjoy incredible and unblockable views. With 51 feet of ocean frontage this home is rare indeed.

The home has been on the market for almost 5 months and has an interesting history on the market.  It was on the market back in 2012 at $10,000,000 but was absolutely not the home it is today.  Picture almost 10,000 feet of pink tile and that pretty much sums up what it was like.  They struggled to sell and after many price drops and several realtors it finally sold at $6,350,000 in 2015.

The current owners did an extensive remodel of just about every surface to get it up to it’s current updated and clean look.  Being so unique they’re also searching for a unique buyer that can afford the price tag and wants a massive home in an area that a home half it’s size would be considered massive.  They’ve had one price reduction from the original $14,200,000 and it’s currently listed at $13,700,000 by Ed Kaminsky of Christies Strand Hill.

709 Esplanade, Redondo Beach, CA 90277 (MLS # SB18085281)

(all data current as of 12/14/2018)
Price $13,700,000
Beds 5
Baths 6 baths
Home size 9,200 sq ft
Lot Size 7,453 sqft
Days on Market 246
Status Active
Contemporary, sleek and unquestionably modern, this landmark residence presents a spectacular oceanfront location on the southern sands of Redondo Beach. Three terraces and abundant picture windows welcome panoramic Pacific Ocean views that stretch from the Palos Verdes Peninsula to Malibu’s Point Dume and encompass crashing waves, passing sail boats, a jetty, pier and shimmering lights after romantic sunsets. Centered around a soaring atrium with oversized skylight, the open and bright estate is generously proportioned at approximately 9,200 square feet and showcases 5 bedrooms, 7.5 baths, maid quarters with a separate entrance, grand rooms with slide-away doors to terraces and loggias, an 8-car garage, expansive media/game room and an elevator that serves all levels. Grand-scale and intimate entertaining are easily accommodated and complemented by amenities that include a pub-style wet bar, wine cellar, and a chef-caliber kitchen with island, bar seating, nook, marble countertops, beamed ceiling, chic cabinetry and high-end appliances including a pro range and built-in refrigerator. Recently updated and remodeled to exacting standards of excellence and craftsmanship, the palatial residence displays new stone flooring, handsome fireplaces, custom wrought-iron railings, dramatic archways, high ceilings, and a main terrace with a fire pit. Stunning architecture, endless views, unparalleled luxury, don’t let this once-in-a-lifetime opportunity pass you by.

Property Type(s): Single Family

Last Updated 8/30/2018 Tract
Year Built 1990 Community 157 - S Redondo Bch W of PCH
Garage Spaces 8.0 County Los Angeles
Total Parking n/a

Price History

Prior to Aug 30, '18 $14,200,000
Aug 30, '18 - Today $13,700,000

Schools

School District Redondo Unified
Elementary School ALTVIS
Jr. High School PARRAS
High School REDUNI

Additional Details

Lot 7454 sq ft Area 157 - S Redondo Bch W of PCH
HOA Dues 0.00 Parking Spaces: 8.00
Pool Description None Stories 3
Utilities Public; View Description City Lights,Coastline,Ocean,Panoramic,Water,White Water
Water Public Waterfront Description Beach Access,Beach Front,Ocean Access,Ocean Front,Ocean Side of Freeway,Ocean Side Of Highway 1
Zoning RBR-3A

Features

Air Gas, Zoned
Air Conditioning Yes
Appliances 6 Burner Stove, Barbecue, Convection Oven, Dishwasher, Double Oven, Freezer, Garbage Disposal, Range/Stove Hood, Refrigerator
Fireplace Yes
Garage Built-In Storage, Controlled Entrance, Direct Garage Access, Driveway, Driveway Down Slope From Street, G, Yes
Heat Central Furnace, Forced Air, Zoned
Interior 2 Staircases, Balcony, Bar, Built-Ins, Cathedral-Vaulted Ceilings, Ceiling Fan, Elevator, Granite Counters, High Ceilings (9 Feet+), Living Room Balcony, Open Floor Plan, Pantry, Recessed Lighting, Tile Counters, Wet Bar
Lot Description Level with Street, Lot 6500-9999
Style Contemporary
View Yes
Waterfront Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Brett Miller CalDRE:01309464, Douglas Elliman of California, Inc.

(view all details for MLS #SB18085281)

2018 Home Sale of the Year in Redondo Beach – 417 Paseo De La Playa

Without question the sale of the year in Redondo Beach will be the once in a lifetime oceanfront property at 417 Paseo De La Playa.  Paseo

De La Playa is the blufftop street in the Hollywood Riviera.  While homes on Paseo De La Playa are special due to the location alone, this house (well actually two houses) were in a league all of their own.

The property sold back in February of 2018 for a staggering price tage of $22,650,00

While the price was unheard of for this are of the South Bay, there’s no disputing that the home (s) were unlike anything on the market for a very long time.  The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there was not one, but two separate parcels for sale.  What also made this compound type property unique is the beach access.  It can take years to go through the California coastal process of trying to get beach access and it’s often denied.  In this case there’s not only beach access but a private volleyball court!

As marketed by listing agent Chris Adlam with Vista Sotheby’s International:

With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.

 

Some Great Oceanfront Homes for Sale in Redondo Beach

What could be better than living oceanfront in Redondo Beach CA?  We really can’t think of a better place to sit and watch the sunset, enjoy the warm summer days, or just relax and have a glass of wine.  Here are the current oceanfront homes for sale in South Redondo Beach.

New Listing in Cote D’Azure in the Hollywood Riviera

Condos and townhomes are relatively rare in the Hollywood Riviera as most of the area is zoned for single family homes.  Cote D’ Azure is one exception and the location just couldn’t be cooler.  It sits on the bluff overlooking the ocean on the Hollywood Riviera’s best streeet, Paseo De La Playa.

Cote D’Azure offer sits just up the hill from Torrance Beach and offers direct access down a set of stairs exclusive to the complex.  The units range from tree top views to partial ocean views to spectacular ocean views.  The current home for sale at 639 Paseo De La Playa #105 offers a pleasant tree view straight on with some nice ocean views at a bit of an angle.  Most of the home has been remodeled and ready to go.

We're sorry, but we couldn't find MLS # SB18034677 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

417 Paseo De La Playa – Once In a Lifetime Property in the Hollywood Riviera

While the price is staggering for this are of the South Bay, there’s no disputing that the home (s) being sold at 417 Paseo De La Playa are pretty incredible.  The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale.  What also makes this compound type property unique is the beach access.  It can take years to go through the California coastal process of trying to get beach access and it’s often denied.  In this case there’s not only beach access but a private volleyball court!  Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.

With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.

We're sorry, but we couldn't find MLS # PV17206016 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

The Changing Face of Paseo De La Playa in the Hollywood Riviera

For lack of a more refined way of putting it….Paseo De La Playa in the Hollywood Riviera is probably one of the coolest streets in the South Bay.  With enormous lots that extend all the way to the sand at Torrance Beach, panoramic ocean views and stunning queens necklace views, these homes offer it all.  Unlike the beachfront homes of the Manhattan and Hermosa Strand, homes on the west side of Paseo De La Playa offer stunning ocean and coastline views by day, stunning sunsets in the evening and incredible ocean/city lights at night.  Most of the homes along the street were tract type houses built in the 1970s with very much a Brady Bunch look and feel.  That’s all changed in the last few years with 7 of the homes having extreme makeovers.  See the current homes for sale on Paseo De La Playa in the Hollywood Riviera.

Before

After

2015

2017

 

Waterfront Information Center Open House Scheduled for January 19th

The Waterfront Information Center has recently moved to a more suitable location in and near the area of the proposed CenterCal project.  Their new address is:

239 N. Harbor Dr.
Redondo Beach, CA 90277

They are having an open house this evening (1/19) to hear about the project and to see the model.

From the Waterfront website:

 

TWO PRESENTATION TIMES TO ATTEND 

Due to overwhelming interest, The Waterfront Information Center open house

will now have two presentation opportunities to attend on Thursday, Jan. 19.

As we would like to provide everyone a chance to view the model,

your presence is politely requested to attend only one.*

First presentation – 6 p.m.

Second presentation – 7 p.m.
Presentations by Jean Paul Wardy, President, CenterCal Properties.

Tour our new home, view The Waterfront 3-D model & learn more about

the proposed project with your fellow Redondo Beach community members.

Light refreshments will be served and parking validation will be provided.

5:30 – 7:30 p.m.

239 N. Harbor Dr.,

Redondo Beach, CA 90277

Can’t make this event? Mark your calendars & join us 

Feb. 6 or Feb. 27 for two additional open house events. Details to follow.

*Please note, if you have already RSVP’ed to attend, you do not need to do so again.

No Shortage of Oceanfront Condos For Sale in Ocean Plaza – 531 Esplanade

This article was originally posted in January of 2017.  To see the current homes for sale at 531 Esplanade please visit our oceanfront Esplanade homes for sale page.

It would seem that Ocean Plaza, located at 531 Esplanade, is having a selling frenzy with 4 separate condos for sale.  Due to zoning, South Redondo Beach offers some of the only high rise style buildings in the South Bay and Ocean Plaza is the tallest.  The building features a pool and spa, club house style room, top floor workout room and most condos have big ocean views.  Take a video tour of the oceanfront condos of the Esplanade in Redondo Beach.  Although the Ocean Plaza building sits ocean front, most units are on the sides of the buildings with balconies angling towards the beach.  In general the higher the floor, and further west in the building means bigger views.

 

See all Real estate matching your search.
(all data current as of 12/14/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

New Real Estate Site Dedicated to The Village and Seascape in Redondo Beach

By Keith Kyle620_The_Village_#216_exterior2 copy

There’s a new site dedicated to the homes in the communities of The Village and Seascape in South Redondo Beach.  Dedicated to the coastal lifestyle offered in these ocean view communities, The Village Redondo Beach real estate website offers information on the floorplans, current condos for sale, recent homes sales, the community and the ammenities of the communities.  The site focuses on the communities ranging from the 100s in the Village known as Seascape 2 to the 600 The Village addresses known as Seascape 3.

The_Village_Redondo_Beach