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
Located at 4020 Bluff Place on the Palos Verdes Peninsula in the city of San Pedro, this magnificent oceanfront home is perched on the bluffs high above the Pacific Ocean and Cabrillo Beach. For the buyer priced out of the Strand in Manhattan Beach, or the cliffs of Palos Verdes this is an incredible opportunity at a fraction of the cost. Compare this to oceanfront prices starting at $5.0M in Palos Verdes, $4.5M price in Redondo Beach, and $13.0M in Hermosa and Manhattan Beach. The dynamic views are completely unobstructed and extend to Dana Point and even north San Diego on especially clear days. The surf is literally in your backyard where you’ll hear the crashing waves, watch as kite surfers an sailboats ply the waters and enjoy the harbor lights in the evening.
The beautiful custom home was built in 2000 and was extensively remodeled in 2011. It is one of a kind and offers the feel of a luxury hotel….with unparalleled views. Surrounded by mature landscaping and a very limited number of neighboring properties, the home affords a sense of privacy and seclusion not often found in the South Bay. The ground floor offers a spacious and open floor plan with lovely new hardwood floors, marble fireplace, and spacious living and dining rooms…all with spectacular views. The open kitchen has all new stainless steel appliances, custom white wash cabinets, and new Italian marble countertops. The 30 foot wide floor to ceiling sliding glass doors open onto the expansive entertainment deck and the ocean beyond. The ground floor also offers a sizable bedroom with it’s own bathroom which is perfect for guest or owners needing a ground floor bedroom. The entire second floor is divided into two huge, finely appointed master suites with a kitchenette in between. Imagine being greeted every morning with an ocean view that will leave you breathless. The upper floor also enjoys an oversized balcony perfect for sitting and relaxing. With over 1000 sq ft of decks enjoy one of the most beautiful stretches of So Cal coastline! Cabrillo Beach is in full view and just a short walk from the house.
Designed by renowned architect Louie Tomaro and built in 2004, this beautiful estate style home in the Hollywood Riviera offers the very best of luxury coastal living. Featuring 5 bedrooms, each with it’s own private bath, this Tuscan inspired home offers an open floorplan with an abundance of windows to capture the beach breezes and natural light.
The enormous front yard, gated driveway, and lush landscaping create a beautiful exterior setting and incredible curb appeal with the formal elegance of an estate style home. Visit our 340 Via Colusa Redondo Beach website for more information.
Enter through the double doors to a formal entry with traverine flooring, elegant staircase and custom designed lighting. Downstairs offers an oversized and versatile bedroom that can be used as an office, formal sitting area, playroom or guest bedroom. Plantation shutters, hardwood floors and private bath make for a luxurious and private retreat.
Upstairs offers an open layout centrally located around the formal entry with 20 foot ceilings. The gourmet kitchen includes stainless steel appliances, Viking island cooktop, cherry wood cabinetry and opens to both the dining room and family room. A balcony off the family room lets you take in the city light views. Kolbe & Kolbe windows and doors lend an elegant touch throughout. Across from the family room, the upper level offers 4 bedrooms, each with private baths, vaulted ceilings, and large windows. The first bedroom offers a private balcony. The master bedroom suite includes a walk-in closet and private bath area with a double sided fireplace.
Enjoy the close proximity to the beach, Riviera Village shopping and dining, Riviera Elementary and the Palos Verdes walking trail.
Welcome home to this wonderfully remodeled single family home in the Golden Hills of Redondo Beach. This beautiful home boasts a great split level floorplan that offers a spacious and open layout with all three bedrooms on the same floor and a stylish interior. Features include a gorgeous kitchen with stainless steel appliances, granite counter tops, pendant light and recessed lighting with great natural light. Custom paint and dramatic dark hardwood floors extend throughout the home giving the home a true designer feel. Nice sized master suite offers large customized closets, gleaming hardwood floors, newer doors and windows and a beautifully remodeled bath. The 2nd and 3rd bedrooms share another stylishly remodeled bathroom with custom tile and frameless shower. Both bedrooms are west facing and offer great natural light and sit high above the neighboring home to take full advantage of the coastal breezes. Spacious one car garage has a laundry area, direct access to the home, and a full size access door to the seemingly endless storage space underneath the home. Just a few blocks from both Hermosa and Manhattan Beach this home is the perfect starter home in a fantastic neighborhood. View all of the current homes for sale in the Golden Hills of North Redondo Beach