Two Big Oceanfront Home Sales in the Hollywood Riviera on Paseo De La Playa

By Keith Kyle

Monthly home sales median prices can often be skewed by a few big numbers and October will certainly reflect that with two homes selling on the oceanfront street of Paseo De La Playa in the Hollywood Riviera.

The first sale was located at 406 Paseo De La Playa which is actually the non ocean front side of the street, but due to it’ location there are no homes on the west side of the street and most of the ocean views are unblocked and panoramic.  The home was a very nice contemporary/modern design with large windows to allow for floor to ceiling views.  With 4 bedrooms and 3 1/2 baths the home sold for a sizable $3.380,000 which is a number not generally seen on the east side of the street.406 Paseo De La Playa

ML#:   SB14186042 
Property Type Single Family Home
Price:   $3,380,000 
Price Per Sqft:   $946.78 
Square Feet 3570
Lot Size   6725 sq ft
Bedrooms:   4 
Baths:  3.5

 

The second home was located oceanfront at 605 Paseo De La Playa and sold for a sizable $4,300,000.  The home was a very original condition 1962 built home and for all intents and purposes this was a lot sale which sets a new price point for lot value in this highly sought after strip of land.  The homes on this side of the street have enormous lots over 20,000 feet but much of the land is a fairly unusable cliff/bluff.  They were originally on leased land but many of the homeowners have bought out the lease at one point or another.   One of the appealing aspects of this home was that it had a trail leading down to the beach and water which is fairly unique and almost impossible to do these days due to stringent restrictions by the California Coastal Commission.Oceanfront Homes

ML#:   PV14177338 
Property Type Single Family Home
Sales Price   $4,300,000 
Price Per Sqft:   $1,352.63 
Square Feet 3179
Lot Size   21,739 sq feet
Bedrooms:   4 
Bath:  3

605 Paseo De La PlayaThere is currently two additional oceanfront home on the market and actively for sale.   The first is  located at 617 Paseo De La Playa, Redondo Beach CA 90277.  As with most of the homes along Paseo, it’s been updated but still somewhat original.  Offering unbelievable views this will certainly be someone’s coastal dream house.

The second home is a palatial estate offering 7 bedrooms, 7 baths, over 7000 feet of living space on an almost 26,000 foot oceanfront lot.   The home is located at 433 Paseo De La Playa.

 

Beautiful Estate Home at 340 Via Colusa in the Hollywood Riviera – Just Sold

Designed by renowned architect Louie Tomaro and built in 2004, this beautiful estate style home in the Hollywood 340_Via_Colusa_front8 copyRiviera offers the very best of luxury coastal living. Featuring 5 bedrooms, each with it’s own private bath, this Tuscan inspired home offers an open floorplan with an abundance of windows to capture the beach breezes and natural light.

The enormous front yard, gated driveway, and lush landscaping create a beautiful exterior setting and incredible curb appeal with the formal elegance of an estate style home.  Visit our 340 Via Colusa Redondo Beach website for more information.

Enter through the double doors to a formal entry with traverine flooring, elegant staircase and custom designed lighting.  Downstairs offers an oversized and versatile bedroom that can be used as an office, formal sitting area, playroom or guest bedroom.  Plantation shutters, hardwood floors and private bath make for a luxurious and private retreat.

Upstairs offers an open layout centrally located around the formal entry with 20 foot ceilings.   The gourmet kitchen includes stainless steel appliances, Viking island cooktop, cherry wood cabinetry and opens to both the dining room and family room. A balcony off the family room lets you take in the city light views. Kolbe & Kolbe windows and doors lend an elegant touch throughout.  Across from the family room, the upper level offers 4 bedrooms, each with private baths, vaulted ceilings, and large windows.  The first bedroom offers a private balcony.  The master bedroom suite includes a walk-in closet and private bath area with a double sided fireplace.

Enjoy the close proximity to the beach, Riviera Village shopping and dining, Riviera Elementary and the Palos Verdes walking trail.

Contact listing agent and Redondo Beach luxury home specialist, Keith Kyle at 310-251-2344 or Keith@KeithKyleHomes.com for more information and to arrange a private showing.

  • Built in 2004
  • 5 Bedrooms, 5 ½ Baths
  • 2,560 Square Feet
  • 7543 Foot Lot

 

Beach Front Homes Opportunities on The Strand in Hermosa and Manhattan

The very epitome of luxury coastal living in Southern California is The Strand in Manhattan Beach and Hermosa Beach.   These homes have seen values increase dramatically over the last 18 months with homes priced and selling for over $10,000,000 being fairly common.  With the number of homes on The Strand actually decreasing in the past 10 years with lots being combined and multi unit buildings being replaced with larger single family homes, the values look to continue to rise in the future.  Currently there are 5 beachfront homes for sale on The Strand with the homes at 1140 and 2216 The Strand for sale in Manhattan Beach, and 136, 3001 and 2666 The Strand in Hermosa Beach.

Current Beachfront Homes for Sale on The Strand

 

 

New Oceanfront Hermosa Home on the Market

The beach front homes of The Strand in Hermosa Beach is the epitome of luxury coastal living in Southern California.  The newest luxury property to hit the market is located in the highly sought after North Hermosa sand section neighborhood at 3001 The Strand.  The home was completed in 2007 and originally sold that year for $10,000,000.  The home sits on a larger than normal lot of almost 4000 feet and enjoys a very spacious 6,000+ square feet with 6 bedrooms and 5 1/2 baths with panoramic views of beautiful Hermosa Beach and the pacific ocean beyond.

We're sorry, but we couldn't find MLS # SB13117950 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

No Shortage of New Construction in Hermosa Beach CA

Well it looks like we’re back to a building boom with hardly a block in Hermosa Beach that doesn’t have some type of construction happening. The new construction is focused primarily in the highest value areas of the sand section with multiple new oceanfront homes being built on The Strand with other notable builds taking advantage of ocean view and ocean close lots. With land at such a premium in Hermosa it no surprise that when values rise in the luxury home market the builders start actively seeking lots.Hermosa Beach New Home Construction

The picture above is on the corner of 26th Street and Myrtle in the Hermosa Beach sand section with 3 different homes, all under constructions with different developers/builders.  Real estate in Manhattan Beach is following a very same trend.  View new construction homes in Hermosa Beach

2666 The Strand

2666 The Strand – Oceanfront New Construction in Hermosa Beach

Hermosa and Manhattan Beach Luxury Walkstreet Homes Driving the Market

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 of 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.
Walkstreet Homes For Sale

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 beachhomes@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.

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

Manhattan Beach Sand Section Market Update

The sand section of Manhattan Beach offers the epitome of California coastal living.  The sand section is the area of Manhattan Beach that is bordered by the beach and ocean to the west, and generally the streets of Valley and Ardmore to the east.  What makes this area so desirable is the proximity to the beach and the ocean.  The area offers a variety of housing options with oceanfront luxury homes on The Strand, beautiful “walk street” homes with a wonderful sense of community and often sweeping ocean views, townhomes just a few blocks to the beach, and multi unit homes of North Manhattan, known as El Porto.  The market is always very active as the demand is always strong for prime beach real estate.  As of mid March there are 9 active homes for sale in the sand section, 21 pending home sales and 18 closed homes sales as of February 1st.  According to Manhattan Beach realtor Keith Kyle, “Incredibly low inventory coupled with very high demand since the beginning of the year is driving prices up quickly.  There are many buyers looking in this luxury market, but there are very few listings and even homes priced at market value are often selling with multiple offers, over asking and with huge concessions by the buyers.”  The current average sales price since the beginning of February has been slightly over $2,300,000.   See the chart below to see the market by the numbers.

Active MLS Listings – Currently there are 9 active homes for sale in the Manhattan Beach Sand Section
List Price ADOM BR BA Year Built SqFt Lot SqFt
Min 1,179,000 2 2 2.00 1933 1,392 1,153
Max 6,750,000 19 5 6.00 2013 5,000 3,772
Avg 3,207,889 10 4 4.00 1990 3,012 2,216
Sum 28,871,000
8 Pending home Sales – 21 Total “In Escrow”
List Price ADOM BR BA Year Built SqFt Lot SqFt
Min 975,000 2 2.00 1946 1,082 1,350
Max 2,499,000 105 5 4.00 2009 2,989 5,885
Avg 1,854,750 31 3 3.38 1982 2,040 2,855
13 Pending Sales in Backup Offer Status
List Price ADOM BR BA Year Built SqFt Lot SqFt
Min 925,000 5 2 1.00 1921 982 1,345
Max 6,995,000 73 5 5.00 2007 5,000 4,930
Avg 2,519,538 36 4 3.69 1988 2,602 2,577
18 Closed Home Sales since 2/1/2013
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 1,199,000 1,214,500 2 2.00 1927 1,350 990
Max 11,500,000 449 10,995,000 5 5.00 2012 4,761 3,507
Avg 2,409,278 78 2,362,350 3 3.72 1987 2,281 2,562
Sum 43,367,000 42,522,300
Status: All (48)
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 925,000 1,214,500 2 1.00 1921 982 990
Max 11,500,000 449 10,995,000 5 6.00 2013 5,000 5,885
Avg 2,496,458 46 2,362,350 3 3.71 1987 2,465 2,549

Spectacular Ocean Front Home on the Esplanade of Redondo Beach

If you’re looking for endless ocean views with a coastal inspired home in the South Bay, the home at 807 Esplanade may just fit the bill.  From the moment you walk in the home you are struck with incredible ocean views.

We're sorry, but we couldn't find MLS # SB12142776 in our database. This property may be a new listing or possibly taken off the market. Please check back again.