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 9/18/2018)
Price $13,700,000
Beds 5
Baths 6 baths
Home size 9,200 sq ft
Lot Size 7,453 sqft
Days on Market 159
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)

Redondo Beach Real Estate for August 2018….by the numbers

August was yet another big month as, much like the weather, the real estate market stayed very hot.  Below are the numbers that paint a pretty rosy picture of the market in this wonderful coastal city.

Active Homes For Sale (as of 8/30/18)

  • Number of homes for sale:  106
  • Highest Price:  $13,700,000
  • Lowest Price:  $415,000
  • Median Price: $1,215,000
  • Avg Price:  $1,517,000
  • Median Days on Market:  42
  • Avg Price per Sq Ft:  $662

Pending and homes in Escrow

  • Number of homes for sale:  77
  • Highest Price:  $2,795,000
  • Lowest Price:  $205,386
  • Median Price: $1,075,000
  • Avg Price:  $1,130,000
  • Median Days on Market:  29
  • Avg Price per Sq Ft:  $628

Closed home sales (for August)

  • Number of homes for sale:  83
  • Highest Price: $3,395,000
  • Lowest Price:  $399,000
  • Median Price: $1,165,000
  • Median Days on Market:  16
  • Avg Price per Sq Ft:  $628

Oceanfront Home Opportunities Aplenty in Redondo Beach

We’ve seen a large number of ocean view and ocean front condos come on the market in the past few months.  It’s most likely due to the fact that summer is certainly when the largest number of oceanfront buyers are out looking due to visiting on vacation, the weather, etc.  There are quite a few homes currently available and you can view them below.

July’s Highest and Lowest Home Sale Prices in Redondo Beach

July 2018 was a solid month for home sales in Redondo Beach CA with 74 closed sales and a median list price of $1,133,000 and a median

sales price of $1,126,000.

The highest price sale of the month was $2,462,000 for a beautifully remodeled craftsman home at 421 Calle De Aragon in the Hollywood Riviera.  The home offered 3,000+ square feet, 5 bedrooms, 4 bathrooms, a very nice sized yard and great city and ocean views.  The home was listed by Pamela Soladar of Palm Realty.

To view all the homes sold in July 2018 in Redondo Beach see our article on July 2018 Redondo Beach home sales.

 

The lowest price sale of the month was priced at $600,000 for a one bedroom condo near the beach in South Redondo at 1400 S Catalina #205.  The condo offered 1 bedroom, 1 bath and 786 square feet.  Originally listed for $614,500 the home was on the market for 51 days.  The listing agent was Ross Moore of Remax Estate Properties

Click here to see the current homes for sale in Redondo Beach CA

74 Home Sales in Redondo Beach CA for July 2018

By Keith Kyle

July 2018 was a solid month in Redondo Beach real estate.  There were  74 closed home sales and a median list price of $1,133,000 and a median sales price of $1,126,000.  Below are all of the homes sold on the market for the month including type, size, number of beds and baths, square feet and year built.    To see the home sales in other South Bay cities click here.

To see the current active homes for sale visit the Redondo Beach MLS search.

MLS # Typ   Address  Price   $ per Ft  Bed/Bath Sq Foot Year
PV18100056 CONDO/A 163 Paseo De La Concha
#3
 $738,000  $ 653.68
2/2,0,0,0 1129/P 1960/ASR
SB18092441 SFR/D 111 Via Sego  $ 1,268,900
 $  696.43
3/2,0,0,0 1822/A 1954/ASR
SB18112788 SFR/D 404 Via Linda Vista  $ 1,379,000
 $  894.29
3/1,1,0,0 1542/A 1954/ASR
SB18125317 SFR/D 409 Calle Mayor  $ 2,175,000
 $ 743.08
3/2,0,1,0 2927/A 2001/ASR
PV18097140 SFR/D 421 Calle De Aragon  $ 2,462,000
 $  799.61
5/4,0,0,0 3079/SV 2017/BLD
SB18131650 CONDO/A 2120 Dufour AV #26  $710,000  $      519.01
3/2,0,0,0 1368/A 1975/ASR
DW18069732 TWNHS/A 2401 Inglewood AV  $755,000  $      430.44
4/1,2,0,0 1754/A 1987/ASR
SB18147799 TWNHS/A 2617 Mathews AV #3  $800,000  $      519.82
3/2,0,1,0 1539/A 1988/ASR
SB18124331 TWNHS/A 2610 Ruhland AV #3  $820,000  $568.65
2/1,1,1,0 1442/A 1982/ASR
SB18146559 SFR/D 2203 Graham AV  $835,000  $883.60
2/1,0,0,0 945/A 1947/ASR
SB18063179 DPLX/D 1506 Phelan LN  $860,000  $551.28
4/2,0,0,0 1560/A 1955/ASR
SB18126047 CONDO/A 2113 Mathews #B  $930,000  $512.40
3/2,0,1,0 1815/T 2000/EST
18353598 CONDO 1933 RUHLAND AV #A  $1,005,000
 $      368.40
4/3,0,0,0 2728/ 1987
SB18086373 TWNHS/A 1919 Curtis AV #A  $1,070,000
 $      433.90
4/2,0,1,0 2466/AP 1988/ASR
SB18127295 TWNHS/A 1932 Graham AV #A  $1,160,888
 $      476.56
4/2,0,1,0 2436/A 1990/ASR
PV18135252 SFR/D 2004 Nelson AV  $ 1,201,000
 $      534.73
4/3,0,0,0 2246/A 1947/ASR
SB18132380 TWNHS/D 2111 Curtis AV #A  $1,307,777
 $      563.70
4/2,1,0,0 2320/A 2009/ASR
SB18127117 TWNHS/D 1930 Graham AV #B  $1,346,000
 $      527.43
4/2,1,1,0 2552/A 1996/ASR
SB18162402 TWNHS/D 2206 Warfield AV #B  $1,490,000
 $      558.68
4/3,0,1,0 2667/B 2018/BLD
PV18096021 TWNHS/D 2207 Gates AV #A  $1,490,000
 $      559.73
4/3,0,1,0 2662/B 2018/BLD
SB18166221 TWNHS/D 2206 WARFIELD AV #A  $1,500,000
 $      562.43
4/3,0,1,0 2667/B 2018/BLD
SB18118275 TWNHS/A 1920 Carnegie LN #2  $825,000  $      590.13
3/1,1,1,0 1398/A 1987/ASR
PW18140732 TWNHS/A 2112 Vanderbilt LN #E  $833,000  $      566.28
2/2,0,1,0 1471/A 1984/ASR
SB18125768 TWNHS/A 2409 Vanderbilt LN #6  $850,000  $      477.53
3/2,0,1,0 1780/A 1985/ASR