Oceanfront Estate in the Hollywood Riviera Returns to Market Once Again

Back on the market once again, 433 Paseo De La Playa has returned with a new price. For those looking for a legacy type property this checks a lot of boxes and would be very hard to duplicate. We’ve mentioned this home many times in the past as it’s been on and off the market since 2014.

This one is all about location and possibilities as it’s a massive almost 7,800 foot home with approved plans to add another 2,000+ square feet. This ornate estate sits on a huge 26,580 foot lot that extends down the hillside to the beach below. In our opinion this is one of the best locations in all of the South Bay as it combines stunning views, direct beach access and privacy you just don’t find in most other beachfront locations in Southern California. The home has struggled to sell for a number of reasons but with the new price and the incredible market we envision it selling this time. Due to the lot size this is a true estate type home with a gated entry, sports court, oceanfront pool, grand staircase, 4 car garage.

As mentioned the home has been on and off the market for a very long time. It hit the market in 2014 (had sold in 2012) at a then over the top $16M. It was listed and relisted several times from 2014-2018 at similar price points. The home was relisted once agai at $14.9M in 2018 and then eventually at $14.5M and pulled off of the market at the beginning of this year.

Home and Property Info

    • 7 bedrooms
    • 7 bathrooms
    • 7,792 square feet (BTV)
    • 26,580 oceanfront lot
    • Priced at $12,900,000
    • Listied by Mark Dessy – Premier Property Solutions 310-378-0488

Contact Redondo Beach real estate specialist Keith Kyle with Vista Sotheby’s International for more information

433 Paseo De La Playa, Redondo Beach – Listed for $12,900,000

Hollywood Riviera Home Sales and Prices for January

See the homes that sold in the Hollywood Riviera during January

Welcome the the real estate recap for the Hollywood Riviera for January 2021. It was a solid month in the Hollywood Riviera real estate market with 11 sold homes to start out the year. That was certainly much higher than the 5 sales in December but about average compared with previous months. The median “list” price was $1,329,000 with the median “sold” price at $1,388,500 showing just how favorable the market is for sellers. The median price per foot was an impressive $845.

 

Search the current homes for sale in the Hollywood Riviera

January Property Sales and Home Prices in the Hollywood Riviera

Type AddressPrice$ Per Sq FootBed/BathSq FeetYearSold Date
TWNHS/A6010 SPacific Coast HWY #10$1,140,000$625.003/1,1,1,01824/A1987/ASR1/13/2021
SFR129Via Colusa$1,285,000$1,052.422/1,0,0,01221/A1948/ASR1/22/2021
SFR/D712Calle De Arboles$1,388,500$750.543/2,0,0,01850/AP1948/ASR1/7/2021
SFR/D837Calle Miramar$1,610,000$861.423/2,0,0,01869/A1955/ASR1/22/2021
SFR/D626Paseo De La Playa$1,700,000$1,039.124/2,0,0,01636/A1955/ASR1/12/2021
SFR/D339Via El Chico$2,248,700$690.423/2,1,0,03257/T1953/ASR1/29/2021
SFR/D4721Highgrove AVE$1,125,000$602.253/2,1,0,01868/A1953/ASR1/15/2021
SFR/D5202Paseo De Pablo$1,265,000$788.653/2,0,0,01604/A1956/ASR1/25/2021
SFR/D5406Calle De Ricardo$1,365,000$929.843/2,0,0,01468/A1956/ASR1/5/2021
SFR/D4509Highgrove AVE$1,475,000$845.273/1,2,0,01745/A1953/ASR1/22/2021
SFR/D5313Calle De Arboles$1,560,000$1,037.923/1,1,0,01503/A1955/ASR1/8/2021

Oceanfront Home For Sale on Paseo De La Playa

welcome to the good life in the Hollywood Riviera

Beachfront homes in the Hollywood Riviera don’t come along all that often. If you’re looking for something out of the ordinary, 505 Paseo De La Playa might be the home and location for you.  The home is listed at $5,500,000 this is a 4 bedroom (one bedroom downstairs and 3 upstairs), 3 bath home with just under 3,200 square feet.  Offering really large (by South Bay standards) lots that extend all the way from Paseo De La Playa to the sands of Torrance Beach they are very unlike the beachfront homes of the Manhattan Beach Strand and Hermosa Strand,    It’s rare to see one of these incredible oceanfront homes hit the market and this is no exception.  Built in 1962 it’s an older home that feels pretty dated and will likely get/need quite a bit of work to become a luxury home,  but as they say in real estate, “location, location, location”. 505 Paseo De La Playa Details:
  • 4 bedrooms
  • 3 baths
  • 3,179 square feet
  • 26,985 foot lot
  • Oceanfront
  • Priced at $5,500,000
Contact us for more information or virtual tour

505 Paseo De La Playa Information

Building Spotlight – Cote D’Azur – Ocean Views in the Hollywood Riviera

The Hollywood Riviera consists primarily of single family homes with a few condo and townhome options.  One of the largest condo complexes is Cote D’Azure perched in a spectacular oceanfront location.  Sitting on the highest spot of the spectacular street Paseo De La Playa, the complex resides among multi million dollar homes and just up the street from a home that recently broke the record for the highest priced on market residential sale in the South Bay.

The complex features 4 rectangular buildings with 3 floor and units on both sides of the buildings. All of the homes are single level condos and are situated around a very nice ocean view pool area. There are very few units directly facing the ocean but many have great views from somewhat of an angle. The buildings themselves feel a bit dated with long hallways and a somewhat industrial look, but the units generally offer great light, loads of windows and many have been beautifully updated.

Although the grounds aren’t overdeveloped the location is simply incredible. Perched high on Paseo De La Playa the views are stunning with PV to the left, the ocean straight in front and a view of the coastline to the right.

The condos are 2 bedroom 2 bath with square footage generally a bit below and above 1,400.  Prices range considerably depending on both upgrades and especially views.  HOA dues are currently (as of 4/13/19) around $555 a month.

Want to know about new listings in Cote D’ Azur?  Tell us a bit about your search (specify this location) and we’ll send you updates whenever a new listing in the complex becomes available.

Current Condos for Sale in Cote D’ Azur

6 Homes for Sale in the Hollywood Riviera Priced over $2,000,000

The luxury real estate market in the Hollywood Riviera is alive and well it would appear. A price threshold that used to be reserved for only the rare and unique is now fairly common with 6 homes currently active on the MLS above $2.0M.

Want to keep track of these homes? Let us know the details of your home search and we’ll customize a search for you and send you emails whenever a new listing hits the market.

Current homes in Hollywood Riviera Priced over $2,000,000

 

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