Update on New Construction Townhomes in North Redondo Beach

New construction townhomes just seem to keep rising dramatically with homes seeming to go up about $100K a year for new construction, detached two on a lot townhomes.  Here’s the sales of detached townhomes in North Redondo Beach built in 2017 and 2018.

Click here to see the current new construction townhomes for sale in Redondo Beach

Status   Address
Close Price – List Price
Price per foot
Bed/Bath
Sq Feet
Year
Date Sold
A 1912 Huntington LN #B
$1,409,000
$548.25
4/3,0,1,0
2570/A
2017/ASR
10/11/2017
A 1729 Harriman LN #A
$1,509,000
$591.53
4/3,0,1,0
2551/B
2018/BLD
1/24/2018
U 2227 Dufour AV #A
$1,409,000
$539.43
4/3,0,1,0
2612/A
2018/BLD
12/27/2017
U 1729 HARRIMAN LN #B
$1,509,000
$590.14
4/3,0,1,0
2557/B
2018/BLD
2/5/2018
S 2108 Gates AV
$1,350,000
$562.50
4/2,1,1,0
2400/E
2017/EST
9/28/2017
S 1918 Dufour AV
$1,480,000    $1,489,000
$532.95
4/3,0,1,0
2777/A
2017/BLD
7/21/2017
S 3307 Green LN
$1,480,000    $1,499,000
$522.78
4/3,0,1,0
2831/A
2017/BLD
9/5/2017
S 1812 Belmont LN #B
$1,315,000
$536.73
4/2,1,1,0
2450/E
2017/BLD
2/24/2017
S 2003 Speyer LN #A
$1,320,000    $1,330,000
$539.66
4/3,0,1,0
2446/A
2017/ASR
5/10/2017
S 1812 Belmont LN #A
$1,325,000
$540.82
4/2,1,1,0
2450/E
2017/BLD
3/17/2017
S 2018 Speyer LN #A
$1,330,000    $1,349,000
$532.00
4/3,0,1,0
2500/B
2017/BLD
4/12/2017
S 2018 Speyer LN #B
$1,339,000    $1,349,000
$535.60
4/3,0,1,0
2500/B
2017/BLD
5/12/2017
S 2003 Speyer LN #B
$1,360,000    $1,379,000
$545.09
4/3,0,1,0
2495/A
2017/ASR
7/7/2017
S 2207 Harriman LN #A
$1,380,000    $1,399,000
$540.96
3/3,0,1,0
2551/A
2017/BLD
9/26/2017
S 2315 Clark LN #B
$1,399,000
$559.60
4/3,0,1,0
2500/E
2017/BLD
10/18/2017
S 2315 Clark LN #A
$1,399,000
$559.60
4/3,0,1,0
2500/E
2017/BLD
10/4/2017
S 2106 Graham AV #A
$1,399,000
$542.25
4/3,0,1,0
2580/B
2017/BLD
8/15/2017
S 2106 Graham AV #B
$1,399,000
$542.25
4/3,0,1,0
2580/B
2017/BLD
7/18/2017
S 1814 Marshallfield LN #B
$1,400,000    $1,399,000
$542.64
4/3,0,1,0
2580/B
2017/BLD
8/15/2017
S 1814 Marshallfield LN #A
$1,400,000    $1,399,000
$542.64
4/3,0,1,0
2580/B
2017/BLD
8/4/2017
S 1912 Huntington LN #A
$1,400,000
$538.46
4/3,0,1,0
2600/A
2017/ASR
11/16/2017
S 2207 Harriman LN #B
$1,400,000    $1,409,000
$538.05
3/3,0,1,0
2602/A
2017/ASR
9/27/2017

Is $1.5M for New Construction Townhomes in North Redondo the New Normal?

Something none of us thought possible seems to be happening in North Redondo. We were amazed when prices of new construction two on a lot detached townhomes reached topped $1,000,000 in 2014, again  when they hit $1.2M mark in 2015….we were again surprised when it started topping $1.3M…and here we are in 2018 with a new construction townhome listed and priced over $1.5M!  1729 Harriman #A offers 4 bedroom and 2551 square feet which is pretty standard.  The rear unit was listed at the same number and is actually in escrow so we may just be heading to a $1.5M+ market.  Unbelievable.  Contact us for more information.

While most new construction townhomes in North Redondo Beach have been pricing in the mid $1.3M to $1.4M these new homes on Harriman just may set the new standard.  It seems unlikely but we’ve said that before.  Only time will tell.

1729 Harriman Lane #A, Redondo Beach, CA 90278 (MLS # SB17280661)

(all data current as of 2/22/2018)
Price $1,509,000
Beds 4
Baths 4 baths
Home size 2,551 sq ft
Lot Size 6,299 sqft
Days on Market 29
Status Active
Truly a stunning new contemporary reverse floor plan townhome. Open, bright floor plan complimented with all the finest designer touches. Entry level welcomes you to the foyer and includes 2 bedrooms with a full bathroom, laundry room and direct access to garage. Upon arrival to the main level you will be delighted by the designer kitchen equipped with Viking appliances and separate full functional prep island. In keeping with the open concept from the kitchen you can partake in the festivities of the dining room and living room with fireplace and adjacent spacious balcony for entertaining. Also on the main level is the Master Bedrooom with private bathroom to include dual sinks, private water closet, designer soaking bathtub and a to die for closet with bonus storage area. Finally on the 3rd level the 4th bedroom with full a private bathroom can be found with a private deck. This townhome found on a quiet cul de sac is simply awaiting your arrival. See you there . . . .

Property Type(s): Condo/Townhouse/Co-Op

Last Updated 2/8/2018 Tract
Year Built 2018 Community 152 - N Redondo Bch/Villas Sou
Garage Spaces 2.0 County Los Angeles
Total Parking n/a

Price History

Prior to Jan 25, '18 $1,499,000
Jan 25, '18 - Today $1,509,000

Schools

School District Redondo Unified

Additional Details

Lot 6300 sq ft Area 152 - N Redondo Bch/Villas Sou
HOA Dues 200.00 | Monthly Parking Spaces: 2.00
Pool Description None Stories 3
Utilities Cable Available,Phone Available,Sewer Connected,Water Connected View Description Neighborhood
Water Public

Features

Air None
Amenities Dues Paid Monthly, Insurance
Appliances Convection Oven, Dishwasher, Energy Star Appliances, Garbage Disposal, Gas, Gas Oven
Basement Foundation: Slab
Exterior Rain Gutters
Fireplace Yes
Garage Built-In Storage, Direct Garage Access, Driveway - C, Yes
Heat Central Furnace, Energy S, Forced Air
Interior 2 Staircases, Balcony, Built-Ins, Ceiling Fan, Copper Plumbing Full, Crown Moldings, High Ceilings (9 Feet+), Home Automation System, Intercom, Living Room Balcony, Open Floor Plan, Pantry, Recessed Lighting, Storage Space, Unfurnished
Lot Description Front Yard, Landscaped, Lawn, Level with Street, Lot Shape-Rectangular, Lot-Level/Flat, Misting System, Park Nearby, Paved, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer, Yard
Style Contemporary
View Yes

Location

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

Listing provided by : Debbie Lynn Setting CalBRE:01900371, Classic Design Properties

(view all details for MLS #SB17280661)

December 2017 Redondo Beach Home Sales – Median Price Tops $1.0M

The monthly sales are in for December and although it was a bit of a slower month in terms of the number of homes that sold, it was a very strong month for home prices in this coastal town.  Redondo Beach recorded 78 homes sold in December at a median price of $1,018,000.  While median prices have topped $1.0M in the past it’s still fairly rare.  Click here to see the current homes for sale in Redondo Beach or view our recent home sales in Redondo Beach.

City Homes Sold December 2017  Median December 2016  Median Year
over Year % Change%
Carson 47 $486,000 $451,000 7.8%
El Segundo 11 $966,000 $985,000 -2%
Gardena 65 $515,00 $465,000 10.8%
Harbor City 17 $572,000 $621,000 -7.9%
Hawthorne 30 $545,000 $555,000 -1.9%
Hermosa Beach 15 $2,003,000 $1,440,000 39.1%
Lawndale 12 $448,000 $510,000 -12.3%
Lomita 10 $595,000 $519,000 14.5%
Long Beach 284 $497,000 $465,000 6.9%
Manhattan Beach 36 $2,250,000 $1,790,000 25.7%
Marina Del Rey 31 $1,075,000 $841,000 27.9%
Palos Verdes Estates 27 $1,342,000 $1,599,000 -16.1%
Playa Del Rey 9 $612,000 $588,000 4.2%
Rancho Palos Verdes 58 $1,050,000 $1,170,000 -10.3%
Redondo Beach 78 $1,018,000 $987,000 3.1%
San Pedro 58 $485,000 $515,000 -5.8%
Torrance 111 $670,000 $650,000 3.1%
Westchester 38 $1,005,000 $985,000 2%

 

Two Big Home Sales in the TRW Tract of North Redondo

The TRW tract of North Redondo Beach is a unique neighborhood in the 90278 zip code as it generally only allows for single family homes giving it more of a neighborhood feel.  This combined with some oversized lots make the community a great place to live.  Most of the homes are 1950’s bungalows but some have been updated, upgraded, remodeled or even rebuilt.  Homes are generally priced a bit over $1,000,000 depending on location and lot size.  Recently two very nice properties came and went quickly and at prices rarely seen in this area.  See the current homes for sale in the TRW tract and North Redondo Beach.

Sales prices of both 2842 Pinkard and 2814 Timothy haven’t been released as of this post but check out the Redondo Beach recent home sales page for updated information.

Redondo Beach CA Home Sales for November

Redondo Beach CA saw yet another strong month in home sale and home prices in November of 2017 with 79 homes sales at a median home price of $955,000.  This was well over the November of 2016 median price of $900,000 but well below the numbers for October 2017 which saw an impressive median price of $1,105,000 which is well above the norm.

The lowest price home sale of the month was a smaller one bedroom condo in Breakwater Village (senior 55+ complex) which closed at $415,000 with the highest price sale cosing at $4,550,000 for a 3 bedroom ocean front condo at 1000 Esplanande in South Redondo Beach.  This was new construction in a spectacular location.

See the current homes for sale in Redondo Beach or see the recent Redondo Beach home sales.

City Homes
Sold
November
2017  Median
November
2016  Median
Year over Year % Change%
Carson 49 $476,000 $450,000 5.9%
El Segundo 12 $1,243,000 $816,000 52.3%
Gardena 52 $533,000 $504,000 5.7%
Harbor City 10 $555,000 $523,000 6.1%
Hawthorne 30 $577,000 $575,000 .3%
Hermosa Beach 20 $1,550,000 $1,380,000 12.3%
Lawndale 18 $515,000 $393,000 31.2%
Lomita 11 $599,000 $473,000 26.8%
Long Beach 318 $510,000 $490,000 4%
Manhattan Beach 35 $2,300,000 $1,863,000 23.5%
Marina Del Rey 33 $925,000 $955,000 -3.1%
Palos Verdes Estates 27 $1,510,000 $1,550,000 -2.6%
Playa Del Rey 21 $710,000 $658,000 7.9%
Rancho Palos Verdes 31 $1,108,000 $1,088,000 1.8%
Redondo Beach 79 $955,000 $900,000 6.1%
San Pedro 55 $550,000 $515,000 6.8%
Torrance 117 $700,000 $656,000 6.6%
Westchester 35 $1,015,000 $943,000 7.6%

Vista Sotheby’s International Office Locations in the South Bay

Vista Sotheby’s International Manhattan Beach

Vista Sotheby's International Realty Manhattan Beach

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Manhattan  Beach, CA 90266
Office: +1310.546.7611

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Vista Sotheby’s International Realty Hermosa Beach

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Suites 305 & 306
Hermosa Beach, CA 90254
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Vista Sotheby’s International Realty North Manhattan

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3300 Highland Ave
Manhattan Beach, CA 90266
Office: +1310.546.7561

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Vista Sotheby’s International Realty Downtown Manhattan Beach

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Manhattan Beach, CA 90266
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Vista Sotheby’s International Hollywood Riviera

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1801 S Catalina
Redondo Beach, CA 90277
Office: +1310.5418271

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Vista Sotheby’s International Realty Palos Verdes Peninsula

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Palos Verdes Peninsula, CA 90274
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Vista Sotheby’s International Realty Downtown Manhattan Beach

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What is the Hillside Overlay Ordinance in the Hollywood Riviera?

By Keith Kyle

A few of the many benefits of living near the beach are the wonderful ocean views and ocean breezes that make life here so unique.  These ocean views have immeasurable value from both a quality of life aspect as well as a significant monetary impact.  In many of the South Bay cities these views are unprotected and it’s not rare for a home’s stunning ocean views to disappear when the one story home next door gets torn down and new and much larger home replaces it.

Home with "flags" marking outline of proposed addition

Home with “flags” marking outline of proposed addition

Certain areas of Torrance are the exception. Primarily found in the Hollywood Riviera and Seaside Ranchos neighborhoods the city has incorporated much stricter building guidelines known as the “Hillside Overlay” area.  (see map below)

From the Torrance city website:  In 1977, the Hillside Overlay Area was established in Torrance, CA in order to address issues concerning building, remodeling, and protecting views and privacy.  All new construction (meaning both new homes and expansions on current structures) are subject to review and input by neighbors including “flagging”  where a mock up of the future structure are marked with plastic flags  to approximate the outlines of any proposed addition to the structure prior to permit approval so that neighborhood input may be obtained.

Torrance Municipal Code Excerpt (Hillside Overlay)

The basics of the hillside overlay are as follows:  Upon receipt of the complete application, the Community Development Director shall set a date, time and place for a public hearing thereon as soon as practicable and shall send notice thereof to the owners of land included within a three hundred (300) foot radius of the exterior boundaries of the land for which the permit is sought

No construction and no remodeling or enlargement of a building or structure shall be permitted unless the Planning Commission (or the City Council on appeal) shall find that the location and size of the building or structure, or the location and size of the remodeled or enlarged portions of the building or structure, have been planned and designed in such a manner as to comply with the following provisions:
a) The proposed development will not have an adverse impact upon the view, light, air and privacy of other properties in the vicinity;
b) The development has been located, planned and designed so as to cause the least intrusion on the views, light, air and privacy of other properties in the vicinity;
c) The design provides an orderly and attractive development in harmony with other properties in the vicinity;
d) The design will not have a harmful impact upon the land values and investment of other properties in the vicinity;
e) Granting such application would not be materially detrimental to the public welfare and to other properties in the vicinity;
f) The proposed development will not cause or result in an adverse cumulative impact on other properties in the vicinity.

Torrance Hillside Overlay

 

Happy Holidays from Redondo Beach Real Estate

The holidays are a wonderful time of year and it’s a pleasure to have helped so many people purchase the homes that they’ll spend those holidays in.  From our family to yours we wish everyone a very happy holidays and Merry Christmas.

Keith Kyle – Vista Sotheby’s International Realty – Redondo Beach Real Estate Homes

Redondo Beach Home Sales and Home Prices in October

The coastal community of Redondo Beach CA saw big home sales numbers for October of 2017.  Median home prices topped $1,100,000 with 72 homes and properties sold.    The median prices were over 25% higher than October of the previous year in which the median price was just under $880,000.  Visit our recent home sales section to see the homes that sold in Redondo Beach for October and other months.  See also the current homes for sale in Redondo Beach, CA.

City Homes Sold October 2017 Median October 2016 Median Year over Year % Change%
Carson 58 $495,000 $455,000 8.8%
El Segundo 19 $875,000 $925,000 -5.4%
Gardena 43 $545,000 $490,000 11.2%
Harbor City 17 $510,000 $4145,000 23%
Hawthorne 50 $578,000 $540,000 6.9%
Hermosa Beach 21 $1,414,000 $2,038,000 -30.6%
Lawndale 21 $505,000 $411,000 23%
Lomita 17 $575,000 $580,000 -.9%
Long Beach 322 $525,000 $475,000 10.5%
Manhattan Beach 28 $2,875,000 $2,250,000 27.8%
Marina Del Rey 25 $979,000 $1,150,000 14.9%
Palos Verdes Estates 30 $1,600,000 $1,825,000 -12.3%
Play Del Rey 16 $665,000 $635,000 4.8%
Rancho Palos Verdes 47 $1,265,000 $1,250,000 1.2%
Redondo Beach 72 $1,105,000 $878,000 25.8%
San Pedro 69 $530,000 $588,000 -9.8%
Torrance 127 $675,000 $632,000 6.9%
Westchester 38 $1,089,000 $1,050,000 3.7%

Big Home Sale in the Golden Hills – 1107 Goodman

One of the recent sales that represented a very big number for North Redondo and the Golden Hills was the sale at 1107 Goodman.  Listed for $1,890,000 the home quickly sold at full price after just 5 days on the market.  Sitting on an oversized, 5,215 foot, lot (more than double the normal lot in the area) this was brand new construction and something very hard to duplicate in this neighborhood.  Listed by Aaron Klapper of Strand Hill Christies International this was definitely a trophy house.  Per the listing description:

Welcome to this spectacular, brand new contemporary craftsman home in the heart of Golden Hills. The living room invites you in with soaring ceilings, lots of windows, and the first of three stunning stack-stone fireplaces. The open concept leads to the formal dining area, perfect for warmly entertaining family and friends. There’s an elegant powder room, and guest suite with built-in closet cabinetry and en-suite bathroom. Moving towards the rear of the home, the stylish kitchen has a large center island with quartz counter-tops, prep sink, and drawer microwave. The deep stainless steel farmhouse sink, soft close drawers, Thermador six burner stove and hood, butler’s pantry, walk-in pantry, and breakfast nook lend to this kitchen being as functional as it is chic. The comfortable family room with fireplace has large sliding glass doors that effortlessly lead to the peaceful back yard, creating that indoor/outdoor lifestyle you crave. Head upstairs to find the serene master suite with vaulted ceiling, fireplace, multiple closets, and large sunny balcony. The luxurious master bathroom has a contemporary soaking tub, large rain shower, and skylight. There are three other bedrooms upstairs, two sharing a jack-and-jill bathroom, and the other with en-suite bathroom and balcony. Other fabulous features include high ceilings, recessed LED lighting, European white oak engineered wood floors, quartz counter-tops, 8 foot doors, and of course, sought-after Jefferson school district.