Priced out of The Strand in Manhattan and Hermosa? Great Option in the Hollywood Riviera

By Keith Kyle

I get a number of inquiries from my site SouthBayOceanFront.com from buyers looking for a beach front home on The Strand in Manhattan Beach and Hermosa Beach.  Many of these buyers are extremely qualified and have the ability to comfortably purchase multi-million dollar homes.  The problem in today’s market is that values along the beach in Hermosa and Manhattan have gone up considerably in the past 18 months.  There are currently 9 oceanfront single family homes on The Strand and 8 of them are priced over $10,000,000.  That was a relatively unheard price point just 2 years ago and now there are several over $15,000,000.

So what is a $5,000,000 buyer to do?

Unfortunately homes becoming available in that range are probably a thing of the past, but there is an option not far and it may even offer attributes that The Strand can’t offer.  The area is the Hollywood Rivera (about 10-15 minutes south) and there is a fantastic bluff top street called Paseo De La Playa that offers oceanfront homes, large lots that extend all the way to the beach (some fortunate homes have paths that access the beach directly from the home), and views not only of the beach, but Palos Verdes, the ocean, King Harbor, and coastline views that extend all the way to Malibu.

As of this post, there are 2 oceanfront homes for sale on Paseo De La Playa.  The first is currently in escrow located at 605 Paseo De La Playa and is listed for $4,295,000.  The second is an off market sale in which the owner is trying to sell it themselves at 617 Paseo De La Playa and the owner is asking $4,350,000.

The homes on Paseo were all originally on leased land with many of the former owners buying out the leases in the past and are now owned free and clear.  Built in the 60’s and 70’s some of the homes are fairly original while many have been extensively remodeled.

506 Paseo De La Playa – One Funky House in one Spectacular Location

By Keith Kyle

**This home sold in 2014 and is no longer available**

Paseo De La Playa, the oceanfront street in the Hollywood Riviera, offers some incredible opportunities in the rare instances when homes become available.  These homes sit oceanfront on the bluff, offer huge lots, and some even offer a path down to Torrance Beach, an almost private beach due to the inaccessibility for most.  The homes along the cliff were primarily built in the 60’s and 70’s and most definitely have that Brady Bunch vibe…with a multi million dollar view.  Some homes have been extensively remodeled and updated but not the home at 506 Paseo.  It’s like stepping back in time with shag carpets, paneling, funky colors and more.  The home may be funky but it has limitless potential as the views and location are stunning.  This home needs a complete overhaul, and with the level of work we feel it’s significantly overpriced but for the right buyer this truly presents the opportunity to create a showcase home.

Ocean and coastline views on Paseo De La Playa

New Oceanfront Home Listing in the Hollywood Riviera

By Keith Kyle

If panoramic ocean views, the sounds of crashing waves, and spectacular sunsets are your idea of paradise,  the new listing at 605 Paseo De La Playa may just be the perfect fit for those prices out of the beachfront homes of The Strand in nearby Hermosa and Manhattan Beach.  Paseo De La Playa is arguably Redondo’s most impressive and prestigious streets with some of the only oceanfront lots and homes in the area.   The land for 605 Paseo De La Playa is on a land lease (all of the homes were at one point but many leases have been bought out) with an option to buyout in 2016.  The lots for all Paseo De La Playa homes extend all of the way down to the sand of Torrance Beach below.

Contact Redondo Beach real estate specialist Keith Kyle for more information.

 

615 Esplanade Redondo Beach oceanfront condos for sale

Oceanfront Homes and Condos on The Esplanade of Redondo Beach

By Keith Kyle

When people think of life at the beach…they think ocean front. Unfortunately that idea is out of the price range of most people. Fortunately Redondo Beach has an option and it may be more affordable than you think. There are many options ranging from multi million dollar oceanfront estates, to the bluff top homes of Paseo De La Playa, to affordable condos that make life feel like a vacation!

Current Esplanade Oceanview Condos for Sale

Manhattan Beach Strand homes for sale

Beach Front Homes Opportunities on The Strand in Hermosa and Manhattan

Welcome to the Hermosa and Manhattan Beach Strand

Beach front homes in the South Bay

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 Manhattan Beach 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.
Manhattan Beach Strand homes for sale

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”]

ARE YOU INTERESTED

IT'S TIME TO DISCOVER

redondo beach

Vista Sotheby's International

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

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

E-mail:

keith.kyle@vistasir.com

CONTACT AGENT

DRE#01712785

keith kyle

Top Producing Realtor

ENQUIRE

Sotheby's International

Welcome to Sotheby's International Realty representing buyers and sellers of fine South Bay and Southern California properties

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.