Oceanfront Condos Abound On the Esplanade in Redondo Beach

If you dream of big ocean views, the sounds of the sea, and living by the beach….Redondo Beach may be an ideal place to consider.  Unlike neighboring Manhattan Beach, Hermosa Beach and Palos Verdes, with oceanfront homes meaning a multi million dollar price tag, Redondo Beach offers a far more affordable way of living at the beach.  Currently there are 6 condos that either offer ocean views or are ocean front in South Redondo.  According to top Redondo Beach realtor Keith Kyle, “Redondo Beach has very different zoning than Manhattan or Hermosa, which allowed for high rise complexes to be built in the 1970s.   This allowed for a much larger number of ocean front and ocean view homes which has kept prices far more affordable.  Below is a list of the current condos located in The Village, Seascape and the various buildings along the Esplanade, Redondo’s oceanfront street.

Take a tour of some of the buildings mentioned above and get a better sense of your oceanfront condo opportunities.

 

Hermosa and Redondo Beach

2666 The Strand, Hermosa Beach 90254 Oceanfront Home For Sale

Record Setting Sale Closes in June 2023

2666 The Strand Hermosa Beach CA 90254

Sold off market for $19,450,000 (all time record as of 6/23)

It was only a few weeks ago when 2826 The Strand Hermosa Beach that sold in May of this year for $18,590,000 which was a record sale price…..well that record didn’t last too long.

Listed by Robb Stroyke of Bayside, the new highest priced home sale in Hermosa Beach just closed and it sold off-market.

2666 The Strand Hermosa Beach just closed escrow for an incredible $19,450,000.

Search the current beachfront homes for sale on The Strand in Hermosa Beach

Just about everything with 2666 The Strand was unique from most beachfront Strand homes in Hermosa Beach California

Unlike the usual rectangular lots that front the beach, this one was somewhat triangular with a very narrow side on the east, but more importantly a very wide side facing the beach.  The lot featured an incredible 71 feet of beach frontage.  The home was also camparatively enormous offering almost 7,000 square feet.  The home took full advantage of the oversized frontage with glass window walls and a very unique infinity type pool out front.

2666 The Strand Hermosa Beach Details

  • 5 bedrooms
  • 6.5 bathrooms
  • 6,857 square feet
  • Irregular shaped 4,380 sq foot beach front lot
  • 71 feet of beach frontage
  • Built in 2013
  • Sold at $19,450,000
  • Listed by Robb Stroyke – Bayside – 310-545-9595

2666 The Strand in Hermosa Beach

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As one of the top listing and selling Realtors in Redondo Beach, we know how to help buyers find and negotiate on the right home, and know how best to get Redondo Beach home sellers the highest sales price with the fewest hassles.  View our Redondo Beach home sales and listings to get a sense of the homes we sell and how we may be able to help with your real estate needs

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Looking for a starter home in Redondo Beach?….this may take a while….

**Please note that this post is from 2013 and the market and home prices have changed dramatically since then**

I have a number of buyers looking in Redondo Beach for a single family home under $750,000. Normally that’s not too difficult to find and it’s more a question of specific location, or style, etc. The problem now is that single family homes in this price range, which would be considered “starter homes” in Redondo, can be difficult, if not impossible, to find. It hasn’t been easy lately to explain to buyers (many of whom start the search in Hermosa Beach but find themselves priced out) that there just are no homes to buy. The chart below paints a pretty bleak inventory picture with almost nothing to buy, and the few that are priced below $750,000 are not at all what they are looking for.

The chart below shows all single family homes for sale, pending and sold in the $750,000 and under price range in Redondo Beach.  The teal line represents the active homes for sale in Redondo Beach and it’s pretty clear that there are few, if any, real opportunities.  According to Redondo Beach realtor Keith Kyle, “until sellers decide that this is an optimal time to list their homes for sale, this trend of low inventory and high demand will continue.”

Keith Kyle realtor for sale sign

Want to Know Why You Can’t Find a South Bay Home?

If you’re like many South Bay home buyers, you’re probably experiencing theKeith Kyle realtor for sale sign frustration that so many others are….there are no homes to buy.  With this incredibly low inventory the few homes that do come on the market don’t last more than a few days and often sell for prices that would have been a major challenge just a few months ago.  It might be temporary, but back are the days of multiple offers, conditions favorable to the sellers, offers over the list price and a number of cash buyers to compete with.  Inventory just keeps going down with fewer and fewer available homes to by.  If it’s hard to picture just what’s happening the chart below couldn’t be clearer.  The light green bar shows the number of active homes for sale in the cities of El Segundo, Gardena, Harbor City, Hawthorne, Hermosa Beach, Lawndale, Lomita, Manhattan Beach, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance.  The teal columns show sold homes and the red bar shows the pending home sales.

Hermosa Beach Real Estate – By the Numbers December 2012

Hermosa Beach real estate market update for December 2012

By the Numbers:

  • 34 – Active homes for sale in Hermosa Beach
  • $349,900 – Lowest priced home (condo/hotel in The Beach House Hermosa)
  • $6,300,000 – Highest priced home (oceanfront Strand home)
  • $949,000 – Median home price
  • 102 – Average days on market

 

  • 16 – Single family homes for sale
  • $819,000 – Lowest priced single family home for sale
  • $6,300,000 – Highest priced single family home for sale
  • $2,629,000 – Average price of current sfrs (number is skewed due to 2 oceanfront Strand homes)
  • 70 – Average Days on Market

 

  • 18 – Number of current condos and townhomes for sale
  • 35 – Pending home sales
  • 17 – Single family homes in escrow
  • 18 – Condos and townhomes currently in escrow

 

  • 14 – Number of completed home sales in past 30 days
  • $575,000 – Lowest price home
  • $3,950,000 – Highest price home (oceanfront Strand home)
  • $952,450 – Median home price

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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.