Category: Communities
417 Paseo De La Playa – Once In a Lifetime Property in the Hollywood Riviera
While the price is staggering for this are of the South Bay, there’s no disputing that the home (s) being sold at 417 Paseo De La Playa are pretty incredible. The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale. What also makes this compound type property unique is the beach access. It can take years to go through the California coastal process of trying to get beach access and it’s often denied. In this case there’s not only beach access but a private volleyball court! Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.
With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.
Redondo Beach Real Estate in September – By the Numbers
Just like the rest of the Beach Cities, the Redondo Beach real estate market is on fire. August saw 113 home sales. Here’s a quick recap of the Redondo market based on todays date of 9/19/17:
Active Listings
- Current active homes for sale: 111
- Average list price: $1,887,000 (which is very skewed due to a $25M listing, $16M listing and $13M listing)
- Median price of homes for sale: $1,199,000
- Average list price without $25.0M, $16.0M and $13.0M listings: $1,440,000
- Average days on market: 63
- Highest price: $25,000,000
- Lowest price: $469,000
Pending Sales
- Number of pending home sales: 103
- Average list price: $1,169,000
- Median list price $1,049,000
- Highest price: $4,999,000
- Lowest price: $464,000
Closed Sales (past 30 days)
- 104 closed sales
- Average list price: $1,188,000
- Average sales price: $1,179,000
- Median list price: $1,089,000
- Median sales price: $1,073,000
- Highest sale: $3,250,000
- Lowest sale: $437,000
The Changing Face of Paseo De La Playa in the Hollywood Riviera
For lack of a more refined way of putting it….Paseo De La Playa in the Hollywood
Riviera is probably one of the coolest streets in the South Bay. With enormous lots that extend all the way to the sand at Torrance Beach, panoramic ocean views and stunning queens necklace views, these homes offer it all. Unlike the beachfront homes of the Manhattan and Hermosa Strand, homes on the west side of Paseo De La Playa offer stunning ocean and coastline views by day, stunning sunsets in the evening and incredible ocean/city lights at night. Most of the homes along the street were tract type houses built in the 1970s with very much a Brady Bunch look and feel. That’s all changed in the last few years with 7 of the homes having extreme makeovers. See the current homes for sale on Paseo De La Playa in the Hollywood Riviera.
Redondo Beach Nears $1,000,000 for July Median Home Prices
July was a crazy month throughout the South Bay with double digit year over year percentage changes in most of the cities. There was no real rhyme or reason to it with some cities way up and others way down. Redondo Beach real estate was one of the exceptions to the massive percentage changes with a very modest 6% increase in home prices over July of 2016. Overall Redondo Beach saw 95 home sales with a median price of $975,000.
| City | Homes Sold | July 2017 Median | July 2016 Median | Year over Year % Change% |
| Carson | 60 | $480,000 | $445,000 | 8% |
| El Segundo | 20 | $1,055,000 | $1,310,000 | -19.5% |
| Gardena | 65 | $549,000 | $454,000 | 21% |
| Harbor City | 15 | $439,000 | $550,000 | -20.2% |
| Hawthorne | 35 | $730,000 | $562,000 | 30% |
| Hermosa Beach | 19 | $2,025,000 | $1,410,000 | 43.6% |
| Lawndale | 15 | $515,000 | $430,000 | 19.8% |
| Lomita | 21 | $598,000 | $585,000 | 2.1% |
| Long Beach | 331 | $520,000 | $471,500 | 10.3% |
| Manhattan Beach | 48 | $2,449,000 | $2,200,000 | 11.3% |
| Marina Del Rey | 36 | $921,000 | $974,000 | -5.4% |
| Palos Verdes Estates | 28 | $1558,000 | $1,800,000 | -13.4% |
| Playa Del Rey | 20 | $613,000 | $629,000 | -2.5% |
| Rancho Palos Verdes | 63 | $1,345,000 | $1,160,000 | 15.9% |
| Redondo Beach | 95 | $975,000 | $920,000 | 6% |
| San Pedro | 63 | $542,000 | $542,000 | 0% |
| Torrance | 113 | $687,000 | $617,000 | 11.4% |
| Westchester | 33 | $1,185,000 | $1,116,000 | 6.2% |
The Perfect Way NOT to sell your home
By Keith Kyle
As a long time realtor in Redondo Beach it never ceases to amaze me how little effort sometimes goes into trying to sell a home. I’m not sure if there’s some very odd situation where owners want or need a home listed but don’t actually want to sell it but once in a while I run into a listing which appears to do everything possible NOT to sell the home.
I just looked at something today on the market and they seem to have done everything to keep the home from selling. I often see one of the details on listings but it’s been a while since I saw so many aspects of a listing that will keep it from selling. Keep in mind that this isn’t a short sale.
- Price: This is obviously a common one but the home is probably priced $200,000 over market value
- Pictures: Of course they are terrible
- Commission: They’ve reduced the buyer’s agent commission to 1.5%
- Showing: They’ve made showing the home a serious challenge. Not only does it require 24 hour notice but they won’t call back and don’t respond to emails or texts. No lockbox of course.
- Out of area agent: They’re using an agent that doesn’t know the market and doesn’t seem to be putting much time or effort into selling it (and they won’t return my call)
- Condition: I had been through the home long ago (probably 8 months….yes it’s surprisingly been on the market for almost a year) and I wasn’t allowed in one of the bedrooms, all of the blinds are closed and it’s a mess.
So the question is….why put it on the market if you don’t want to sell it?













With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.