What’s so great about the Manhattan Beach “sand” section?

Welcome to Coastal luxury in the sand section of Manhattan Beach

Manhattan Beach’s “sand” section is famed for its prime location proximity to the beach, shops, restaurants, and bars with great ocean views and almost perfect weather.

This is one of the most highly sought after neighborhoods in all of Southern Caiifornia. 

One of the highlights of the neighborhood are the  “walkstreets” which are unique areas that provide a much safer atmosphere with an absence of noise and cars. El Porto, the most northern area of the sand section, offers the most affordable option due to the smaller average lot size, and the most sought after property is the impressive beachfront homes on “The Strand” that offer unblockable ocean views.

The drawbacks are the high price and limited space due to homes occupying almost every inch of lot. The lot sizes in the sand section are smaller than the other neighborhoods in Manhattan Beach and it’s one of the few areas that allows townhomes making it a bit more densly habited.

Manhattan Beach Strand homes for sale

Current Manhattan Beach Sand Section Homes for Sale

Hermosa Beach Pending Home Sales Reach 5 Year High

Hermosa Beach has long been one of the more sought after coastal communities with demand for homes in the small beach community always high.  Recent market conditions have created an even greater demand as inventory of active home listings has continued to decline while the few homes available quickly go into escrow.  The 31 homes in escrow or “pending” in June of 2013 is the highest number since 2007 and is helping drive prices up as demand continues to soar.

June saw 37 active MLS listings and homes for sale, 31 pending home sales and 18 closed escrows or sold homes. Visit our home sales page to see the homes sold in June 2013 and prices for the sold homes.  According to long time Hermosa Beach resident and top real estate agent Keith Kyle with South Bay Brokers, “This is an almost ideal climate for sellers with the usual summer demand in full effect due to buyers looking for homes in the Hermosa Beach school district, low inventory, historically low interest rates and prices continuing to rise.

Hermosa Beach Sand Section Real Estate Update

The inventory remains low in the sand section of Hermosa Beach with only 5 single family homes on the market in this very sought after area of the South Bay.  The sand section is the area of Hermosa Beach from The Strand (Hermosa’s famous ocean front walk) to the greenbelt located at Valley and Ardmore and offers many homes that have tremendous ocean views and are in close proximity to the beach and downtown Hermosa and Pier Plaza.

[idx-listings community=”Hermosa Beach Sand” statuses=”1″ propertytypes=”516″ orderby=”DateAdded” orderdir=”DESC” count=”5″ showlargerphotos=”true”]

Manhattan Beach walkstreet homes

Hermosa and Manhattan Beach Luxury Walkstreet Homes Driving the Market

Hemosa Beach and Manhattan Beach Walkstreet Homes

Prices have jumped considerably in the sand sections of both Hermosa Beach and Manhattan Beach, and much of the reason is the recent flood of the market ofManhattan Beach walkstreet homes very high end luxury homes in A+ locations. Although there are a few oceanfront “Strand” homes for sale, the primary reason for the recent rise in median prices is the number of homes and townhomes on the highly sought after “walkstreet” locations.  The current median price for a Hermosa walkstreet home is $3974,000 and the current average price is $4,447,500.  The current median price for a Manhattan Beach walkstreet home is $3,350,000 and the average price is $4,123,000.

For more information on the Manhattan Beach or Hermosa Beach sand section, or any of these luxury walkstreet properties, please feel free to contact us at 310-251-2344 or keith@keithkylehomes.com.

 

 

 

Hermosa Beach Sand Section Home Prices Reaching New Levels

Although median prices in a luxury market such as the Hermosa Beach sand section can vary dramatically due to one or two oceanfront home listings on The Strand, the median home prices for active listings has reached record highs.  The sand section of Hermosa Beach is the area closest to the ocean and is bordered by Manhattan Beach to the north, the streets of Valley/Ardmore to the east, and Redondo Beach to the south.  There are numerous housing options ranging from magnificent Strand homes, to “walkstreet” homes with an alley in the back but a pedestrian only sidewalk in the front, to endless ocean view condos, townhomes and single family.  In general prices are higher north of Pier Avenue.

According to local realtor and Hermosa Beach resident Keith Kyle with South Bay Brokers “the homes active on the market are almost all exclusively very high end luxury homes and we’ve reach a median home price never seen before.”  The current median home price for all types of active homes is at $3,749,000.  This in a town where the median prices have hovered in the $1.1M-$1.2M in general for the past few years.  There are many factors at the moment including a number of ocean front homes including 2666 The Strand, an oceanfront estate priced at a whopping $15,900,000 (incredibly it was raised from it’s original $13,900,000), 718 The Strand at $6,300,000 and 5 other homes priced over $4.0M with 3 walkstreet homes for sale.

[idx-listings community=”Hermosa Beach Sand” propertytypes=”513″ orderby=”Price” orderdir=”DESC” count=”5″]

Dusk at 3808 The Strand

North Manhattan – El Porto Real Estate

While the real estate market around the country was taking a hit, home values along the coast of the South Bay remained as stable as ever.  The “sand” section of Manhattan Beach   remained particularly strong as oceanview and oceanfront homes that are walkable to the beach are always in demand.  Home prices in the sand section (see map) are reaching unbelievable highs with full lot walkstreets in the 3-6 million dollar range, depending on age, condition and view.

While these homes are out of reach for most South Bay buyers, there is an area of Manhattan Beach that offers far more reasonable home prices.  The area is known as “north” Manhattan, although it’s more familiar to most as El Porto.  El Porto is the northernmost neighborhood of Manhattan Beach. Ideally located for commuters traveling to Santa Monica or downtown Los Angeles, El Porto offers close proximity to LAX, Marina Del Rey, the Westside and more. As El Porto lies on a fairly steep grade, homes in the area often offer stunning ocean and panoramic views from Palos Verdes to Malibu. One unique feature of El Porto is that it offes many half lots generally measuring 45×30 which allows for some more affordable housing within a block or two from the ocean.  Many of these homes are “legal non-conforming” duplexes with a 2 bedroom unit upstairs and a 1 bedroom or studio rental downstairs.  Homes in the area start in the mid $800,000 and depending on size, age, and views can go up to the $2,000,000+ range.  The area is ideal for people not needing a huge home, that love the beach and ocean, and want to shave off 15 minutes of their commute.  For surfing enthusiasts, it happens to front the best surfing beach in the South Bay.  If you are looking for an oceanview home in Manhattan Beach you may want to consider the El Porto.

Keith Kyle – Realtor, e-Pro – Vista Sotheby’s International– 2501 N Sepulveda Blvd Manhattan Beach, CA 90266 – 310-251-2344

For real estate information, open houses, and FREE South Bay and Beach Cities MLS access visit www.KeithKyleHomes.com

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Vista Sotheby’s International Realty is one of the top real estate brokerages in the South Bay and Southern California with offices in Redondo Beach and throughout the South Bay

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1801 S Catalina Ave, Redondo Beach, CA 90277

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Redondo Beach Real Estate & Homes. All rights reserved. Information deemed reliable but not guaranteed

Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Sotheby’s International Realty ® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission.