Top Redondo Beach realtor Keith Kyle takes you on a video tour of the oceanfront condos of the Esplanade. While this video is over 8 years old and definitely looks a bit dated, the information is still helpful and we think it should give you a good idea of what the complexes like Ocean Plaza, Casa Bahia, Surfrider and Sand Castle are like.
While the project was controversial within the community, the development known as One South in South Redondo Beach has certainly been selling well. Located at 1920 S Pacific Coast Highway in Redondo Beach, the community consists of 52 residential units with retail shops and spaces below. The homes consist of 1, 2 and 3 bedroom condos and townhomes ranging between 860 to 1,950 square feet with modern styling and open floorplans all surrounding a sunny courtyard. The homes feature and all of the bells and whistles buyers expect in new construction in this price range. Wtih close proximity to the Riviera Village shopping areas as well as the beach, the community offers a nice community feel in a pedestrian type setting.
The recent sale of 1907 Plant #A at $1,550,000 and the recent escrow of the B unit selling quickly at or over the list price of $1,595,000 sets the new standard for detached townhome prices in North Redondo Beach. The #A home sold prior to completion and sold off market. We write articles every year as to what detached townhomes are selling for and it wasn’t all that long ago that we were wondering if they could support $1.1M numbers….now we’re at almost $1.6M for a high end, well located home. Pretty unbelievable.
In the incredibly competitive Redondo Beach real estate market many homes are not even making it to the local MLS. Some of these homes quietly get sold without the general public even knowing that they were for sale. So how do you find out about these homes? First it’s important to understand just what we’re talking about.
What does off market or a pocket listing mean?
It can actually mean a few different things but in general, when we refer to homes sold off market or pocket listings these are homes that are never put on the MLS and therefore unknown to most buyers and many realtors. That means that searching the Redfins and Zillows of the world may mean that you’re not aware of these types of opportunities.
Why would a Redondo Beach home seller want to sell the home off market?
In general it’s not a great idea. Fewer buyers that know about the home usually means less competition and ultimately a lower sales price. That’s certainly not always the case but usually accurate to some extent. Sellers have many reasons for not wanting to put their home on the market. It may be due to privacy reasons such as not wanting the neighbor or even the tenant know that the home is for sale. It may be that they don’t want to deal with some of the hassles that come along with listing a home…..buyer’s and agents that want to show the home at all hours, open houses on the weekends and more people simply curious with few legitimate buyers. Whatever the reason it does limit the exposure and again usually limits the price.
That’s why it can be a good opportunity for buyers….less competition, fewer bidding wars which generally leads to a lower sales price.
How do I find out about these homes in Hermosa Beach?
Unlike the MLS listings, off market, upcoming and pocket listings are much more elusive. The key is to work with an agent that has deep connections in the community and market. Some of the top realtors in certain areas may share information on these hard to find opportunities and the larger or more numerous the seller and agent networks, the more information the agent can obtain.
We are happy to help you find off market homes but this requires a good deal of work, considerable communication with sellers and agents and a readiness to act should the right home come available. If you would like us to help find off market opportunities and you are not currently working with a realtor please feel free to text us at 310-251-2344 or email us with the details of your home search.
Coming to the market in early November, this beautifully updated condo offers the perfect combination of newer construction, active lifestyle, ideal location and affordable price. Located at 5404 149th Place #11 in the Hollyglen area of Hawthorne, this upgraded condo offers gleaming hardwood floors, granite countertops, in unit laundry, stainless appliances and an oversized patio. With 2 bedrooms and 2 bathrooms, each on a different level, this is ideal for a multitude of lifestyles. See information and floorplan of Fusion South Bay “A” unit.
Fusion at South Bay is one of the few newer construction gated communities in the South Bay and is ideally located just across the street from Manhattan Beach. Enjoy the community pool and spa, the basketball court, small park or take a short 5 minute drive to the beach. Fusion is also located in the Hollyglen neighborhood with students attending the award winning Wiseburn School District