The High Sale of the Year in Redondo…..No Suprise It’s an Oceanfront Home

717 Esplanade Redondo Beach - Sold for $9,675,000

Not that it’s a surprise to anyone, but the most expensive home sale in Redondo Beach in 2020 was right on the beach. The oceanfront home at 717 Esplanade was a staple of the beachfront real estate market and it felt like it was always on the market….and that’s because it was. Originally listed in 2013 at $14,250,000, the home had years of price reductions and realtor changes. It’s a spectacular house and there’s just not much, if anything, like it…but the reality was it was priced way too high for Redondo Beach. After years of price reductions the one that finally worked was a price of $9,975,000 back in July of 2019. It took a while but it went into escrow in January 2020 and closed in February. The home offered 4 bedrooms, 6 1/2 baths and an incredible 7,000+ square feet.  The sales price was $9,675,000.

717 Esplanade, Redondo Beach CA 90277

 


Listing courtesy of Chris Adlam – Vista Sotheby’s International

Home Spotlight – 717 Esplanade in Redondo Beach

Sometimes spectacular homes don’t sell.  That’s usually due to them being overpriced, but that still doesn’t make the 717 Esplanade Redondo Beachhomes any less cool.  This weeks spotlight home is located oceanfront in Redondo Beach on at 717 Esplanade.  The home is magnificent in just about every way with a higher elevation than anything comparable on the Strand in Manhattan Beach and Hermosa Beach and an oversized lot of over 11,000 feet allowing the home to be very large at over 7000 feet while still having incredible outdoor areas with a patio and a pool (not to mention the beach and ocean are only 40 feet away?) With 4 bedrooms and 6 1/2 baths the spaces are large with tremendous views of course.

Having said all of that the home was originally listed at $14,250,000 in May of 2013!  That’s a long time on the market in any circumstances but given that the past two years have possibly been the hottest since 2006 with prices skyrocketing and demand at an all time high, it’s pretty clear that even at the current price of $12,999,999 it’s still sitting.  If this home were in Manhattan or Hermosa it likely would have sold prior to it being listed, but the reality is that it’s not in Manhattan or Hermosa.  It’s a spectacular house in and even more spectacular location but given the highest previous number was $8.1M and that was for a 21,000 foot lot it’s still a reach, but who knows….with the asking price for the oceanfront condos at 1500 Esplanade being $4,000,000 and up, values are getting more in line with 717 Esplanade all of the time.

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717 Esplanade – Luxury Abounds in this Oceanfront Redondo Beach Estate

By Keith Kyle

**Update**This home has sold.  Visit our oceanfront homes page to see the current homes for sale on the Esplanade**

There are limited oceanfront homes in the South Bay and even fewer ocean front single family homes in Redondo Beach.  For the luxury buyer looking for it all the home at 717 Esplanade, with close to 7000 feet of living space on an impressive 11,604 foot bluff top lot, may be the epitome of luxury coastal living.  Endless views, custom high end finishes, Mediterranean stylings and 100 feet of ocean frontage are just a few of the features that make this home so spectacular, and so unique.  Currently priced just under $13,000,000 and reduced from it’s original price of $14,250,000.  Contact us for more information or for a private showing.

Oceanfront Homes For Sale in Redondo Beach

Living at the beach may be more affordable than you think as Redondo Beach zoning allows for larger ocean front condo buildings not seen in other areas of the South Bay.   At the moment there are far more oceanfront condos, townhomes and homes for sale then in recent memory.  The current homes range from 1 bed 1 bath condos in the Sand Castle, to one of the more impressive oceanfront homes ever to come on the market at 717 Esplanade.  7 of the current homes for sale are ocean front condos on the Esplanade with the bulk of the additional opportunities being single family or multi unit.  The home at 739 Esplanade is one of the more intriguing properties as it’s currently 3 separate levels, each with kitchen and baths that can be torn down with the ability to build townhomes, or a very large estate, but may also work as an owner occupied investment property with owners living in one of the 3 levels and renting the other two.
Oceanfront homes in Redondo BeachOceanfront homes for sale in Redondo
Current homes for sale

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