Redondo Beach Real Estate

November 30, 2015October 8, 2024

Only 2 Active Foreclosure Listings in All of Redondo Beach

By Keith Kyle

The distressed home and foreclosure market was never a major factor in the Beach Cities as the coastal communities were always buffered a bit from the huge price drops after the real estate bubble burst. Some of the outlying South Bay communities did see a large increase in bank owned homes and short sales but the closer the community was to the ocean, the less impact we tended to see.

That being said there were still a healthy (or unhealthy depending on what side of the process you were involved with) number of distressed homes for several years, but that’s virtually come to a trickle. From a high of 130 active foreclosure listings back in 2010, which does not include the number of homes in default, to only 2 active foreclosures in Hermosa, Redondo and Manhattan Beach combined. Hermosa Beach and Manhattan Beach were always very limited in the distressed market with the bulk of the foreclosure listings being in Redondo Beach.

in Foreclosures, South Redondo Beach Posted by Keith Kyle

Breakwater Village 55+ condos in Redondo Beach

November 23, 2015August 27, 2025

September 2015 Home Sales in Redondo Beach and Beyond

By Keith Kyle

Redondo Beach saw an impressive number of homes selling in September of 2015 to end the summer selling season with 97 closed escrows. In addition the median home price in Redondo was $875,000 which shows significant gains in value over the past year. The market was hot throughout Redondo Beach with homes in both North and South Redondo often selling quickly and with multiple offers.

City	Homes Sold	September 2015 Median	September 2014 Median	Year over Year % Change
Carson	49	$406,000	$366,000	10.8%
El Segundo	9	$1,045,000	$517,000	76%
Gardena	33	$440,000	365,000	20.5%
Harbor City	18	$514,500	$462,500	11.2%
Hawthorne	27	$513,000	$550,000	-6.7%
Hermosa Beach	20	$1,200,000	$1,020,000	17.7%
Lawndale	13	$450,000	$379,000	18.6%
Lomita	15	$580,000	$570,000	1.8%
Long Beach	390	$435,000	$420,000	3.7%
Manhattan Beach	39	$2,050,000	$2,025,000	1.2%
Marina Del Rey	29	$865,000	$817,000	5.9%
Palos Verdes Estates	35	$1550,000	$1575,000	-1.6%
Playa Del Rey	18	$542,000	$534,000	1.6%
Rancho Palos Verdes	49	$1,040,000	$1,058,000	-1.7%
Redondo Beach	97	$875,000	$790,000	10.8%
San Pedro	69	$442,000	$459,000	-3.6%
Torrance	135	$585,000	$527,00	10.9%
Westchester	26	$908,000	$872,000	4.1%

October 26, 2015October 18, 2023

1500 Esplanade Oceanfront Condos Now on the MLS

By Keith Kyle

1500 Esplanade Redondo Beach CA

**Update – This post was from 2015 and these original builder homes have sold**

For months now we’ve seen the construction happening at 1500 Esplanade. These oceanview condos are ideally located on the Esplanade with stunning views stretching from Palos Verdes and Catalina to Malibu. Sitting on the east side of the Esplanade, they offer unblocked and unblockable views. Realtors and buyers were eagerly awaiting the final product but unfortunately the developer had decided that he would only deal directly with buyers and did not want buyers to have their own representation. While several units are already sold, that strategy has taken an obvious turn as 4 of these condos are now active on the local MLS. The units range between 3000 ft and 32oo feet and offer either 3 bed/3 bath or 4 bed 3.5 bath. Currently the units are priced at $4,000,000. Contact us for more information or to set up a showing of these beautiful homes.

in Beach Front Homes, Condominiums, South Redondo Beach, The Esplanade oceanfront homes Posted by Keith Kyle

October 18, 2015November 29, 2021

Redondo Beach’s House of Mirrors

The saying goes, those who live in glass houses….what about those that live in mirror houses?

I’ve seen many houses in my day and haven’t always agreed with the sellers choices but I recently saw a house unlike anything I’d seen before. The home, located at 606 Esplanade #1, is a front unit townhome with great ocean views, an ideal location, and loads of potential….but…..

In it’s current state it’s more like a carnival fun house than something you would expect in a beach house. From the moment you walk in you are surrounded by mirrors. Every wall, every closet, every corner is mirrored. You can’t walk into a bathroom or bedroom without seeing yourself reflected on every surface of the room. It’s truly incredible and just a little dizzying.

Although it probably wouldn’t take much to turn the home into something fantastic, it’s hard to notice anything other than your reflection with the current situation. I’ve seen mirrors added to beach homes to reflect the views, or add some light, but when every surface is mirrored its like being in a carnival funhouse.

It’s not hard to see why the listing agents chose to only post one picture as it might be impossible to get any pictures without the photographer’s reflection…hundreds of times. In general the home has great potential. The rooms are large, it offers a great ocean view, the kitchen living room have great light with sit down ocean views, but at the moment between the mirrors and the price, it’s going to be a tough sell. 606 Esplanade #1 in South Redondo Beach

in Ocean View Homes, Oceanfront Homes, Redondo Beach home prices, Redondo beach homes for sale, Redondo Beach Real Estate, Redondo Beach real estate update, South Redondo Beach, The Esplanade oceanfront homes Posted by Keith Kyle

October 10, 2015March 18, 2023

Redondo Beach Foreclosures on the Rise?

By Keith Kyle

As the market has had so much momentum over the past 2 years, short sales and foreclosures have slowed to a trickle. Even most of those homeowners that had found themselves underwater and hanging on have taken advantage of skyrocketing prices as homes have moved above and beyond previous peak levels.

What’s unusual is the recent increase in these rare “distressed” sales as of late. As of this post, there are now 7 foreclosure homes on the market in Redondo Beach. 3 of the homes are bank owned, or REOs (real estate owned) and 4 are short sales. This is one of the higher numbers of distressed homes that we have seen in a while. While they can still be an opportunity and may be priced a bit below market value, these foreclosures don’t quite present the deals that they once did. Contact us or visit our South Bay foreclosure homes for sale for more information or to receive free foreclosure listing updates.

in Foreclosures, North Redondo Beach, South Redondo Beach Posted by Keith Kyle

615 Esplande - Sand Castle oceanfront condos

October 2, 2015March 13, 2023

Oceanfront Condos for Sale at 615 Esplanade Redondo Beach

Beachfront living at the Sand Castle

615 Esplanade Redondo Beach CA 90277

By Keith Kyle

Located oceanfront at 615 Esplanade, the Sand Castle represents the prototypical beachfront condo in Redondo Beach. Consisting of two separate buildings, one truly oceanfront and the other sitting above and behind, the Sandcastle offers some incredible views and all that comes along with oceanfront living. Dazzling sunsets, whales and dolphins out front, cool ocean breezes and that wonderful smell of the ocean.

Information and condos for sale for all of the beachfront condos of the Esplanade in South Redondo.

Built in 1971, the Sand Castle definitely shows some signs of aging as it’s constantly subject to the salty spray but as it’s block wall construction it’s a very rugged feeling building and the location just can’t be better.

The Sand Castle has 96 units, with the majority being 1 bedroom/1 bath and 719 square feet. The layout of these units is long and skinny with the bedroom furthest east, kitchen in the middle and the living room facing the ocean. This makes for some truly spectacular views, even from the kitchen. Due to the block wall construction, many of the units have a rather industrial feel but some have been updated considerably. The one bedroom units can start in the high $700,000s with 2 bedroom penthouse units well over $1,300,000 depending on the size and the location. The front building enjoys incredible oceanfront views from every level (the lowest floor has a few units views partially blocked by the walkpath out front). The rear building has partial views (horizon only) on the 5th floor (technically the first floor of the rear building) and the 6th floor (again technically the 2nd floor of the rear building) had bigger views but the sand and wave views are blocked by the front building.

The top floor of both the front and rear building offer a larger layout with 1 bed plus a large loft and 2 bathrooms. Due to the very high ceilings they offer a sense of space that far exceeds the actual additional square footage. The size of the units isn’t entirely clear with some units larger than others and the tax records not being completely accurate. The layout is generally the same as the one bedroom with the addition of the stairs and loft.

HOA dues vary somewhat but as of this article they ranged between $416 and $450 ish a month. The Sand Castle does not have a pool or spa, but there is a pretty great place to swim directly in front.