Two Big Oceanfront Home Sales in the Hollywood Riviera on Paseo De La Playa

By Keith Kyle

Monthly home sales median prices can often be skewed by a few big numbers and October will certainly reflect that with two homes selling on the oceanfront street of Paseo De La Playa in the Hollywood Riviera.

The first sale was located at 406 Paseo De La Playa which is actually the non ocean front side of the street, but due to it’ location there are no homes on the406 Paseo De La Playawest side of the street and most of the ocean views are unblocked and panoramic.  The home was a very nice contemporary/modern design with large windows to allow for floor to ceiling views.  With 4 bedrooms and 3 1/2 baths the home sold for a sizable $3.380,000 which is a number not generally seen on the east side of the street.

ML#:   SB14186042 
Property Type Single Family Home
Price:   $3,380,000 
Price Per Sqft:   $946.78 
Square Feet 3570
Lot Size   6725 sq ft
Bedrooms:   4 
Baths:  3.5

The second home was located oceanfront at 605 Paseo De La Playa and sold for a sizable $4,300,000.  The home was a very original condition 1962 built home and for all intents and purposes this was a lot sale which sets a new price point for lot value in this highly sought after strip of land.  The homes on this side of the
Oceanfront Homesstreet have enormous lots over 20,000 feet but much of the land is a fairly unusable cliff/bluff.  They were originally on leased land but many of the homeowners have bought out the lease at one point or another.   One of the appealing aspects of this home was that it had a trail leading down to the beach and water which is fairly unique and almost impossible to do these days due to stringent restrictions by the California Coastal Commission.

ML#:   PV14177338 
Property Type Single Family Home
Sales Price   $4,300,000 
Price Per Sqft:   $1,352.63 
Square Feet 3179
Lot Size   21,739 sq feet
Bedrooms:   4 
Bath:  3

There is currently two additional oceanfront home on the market and actively for sale.   The first is  located at 617 Paseo De La Playa, Redondo Beach CA 90277.  As with most of the homes along Paseo, it’s been updated but still somewhat original.  Offering unbelievable views this will certainly be someone’s coastal dream house.

The second home is a palatial estate offering 7 bedrooms, 7 baths, over 7000 feet of living space on an almost 26,000 foot oceanfront lot.   The home is located at 433 Paseo De La Playa.

 

506 Paseo De La Playa – One Funky House in one Spectacular Location

By Keith Kyle

**This home sold in 2014 and is no longer available**

Paseo De La Playa, the oceanfront street in the Hollywood Riviera, offers some incredible opportunities in the rare instances when homes become available.  These homes sit oceanfront on the bluff, offer huge lots, and some even offer a path down to Torrance Beach, an almost private beach due to the inaccessibility for most.  The homes along the cliff were primarily built in the 60’s and 70’s and most definitely have that Brady Bunch vibe…with a multi million dollar view.  Some homes have been extensively remodeled and updated but not the home at 506 Paseo.  It’s like stepping back in time with shag carpets, paneling, funky colors and more.  The home may be funky but it has limitless potential as the views and location are stunning.  This home needs a complete overhaul, and with the level of work we feel it’s significantly overpriced but for the right buyer this truly presents the opportunity to create a showcase home.

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New Oceanfront Home Listing in the Hollywood Riviera

By Keith Kyle Redondo Beach Oceanfront Homes

If panoramic ocean views, the sounds of crashing waves, and spectacular sunsets are your idea of paradise,  the new listing at 605 Paseo De La Playa may just be the perfect fit for those prices out of the beachfront homes of The Strand in nearby Hermosa and Manhattan Beach.  Paseo De La Playa is arguably Redondo’s most impressive and prestigious streets with some of the only oceanfront lots and homes in the area.   The land for 605 Paseo De La Playa is on a land lease (all of the homes were at one point but many leases have been bought out) with an option to buyout in 2016.  The lots for all Paseo De La Playa homes extend all of the way down to the sand of Torrance Beach below.

Contact Redondo Beach real estate specialist Keith Kyle for more information.

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