Is $1.0M the New Price Point For New Construction Townhomes?
By Keith Kyle
With prices rising rapidly in North Redondo Beach, the bar has now apparently been set for new construction 2 on a lot townhomes. With the recent sales of all 4 units at 2016 and 2018 Gates, all priced at $999,000 the pricing for new construction 4 bedroom townhomes appears to be something unheard of in the past for this neighborhood. The homes are certainly well done with high end finishes, square footage between 2400 and 2500 square feet, and each having small yards but the general consensus is that hitting the $1.0M price is a very big number for North Redondo townhomes. Known in the area as “2 on a lot” townhomes they feel more like single family homes than townhomes. They are completely detached, have direct garage access and private yards. The property is shared among the 2 owners that comprise of the HOA. In most cases the agreement between owners is pretty informal and often only insurance and landscaping are shared costs. Contact us for information on these wonderful alternatives to single family homes or fill in our free listing update form to receive new listings daily. See below for all of the 2013/14 sales of these 2 on a lot new construction townhomes.
| Pending | 2018 | Gates AV #A | $ 999,000 | 4/3,0,1,0 | 2508 |
| Pending | 2016 | Gates AV #B | $ 999,000 | 4/3,0,1,0 | 2400 |
| Pending | 2322 | Carnegie LN | $ 849,000 | 4/3,0,0,0 | 2126 |
| Pending | 2016 | Gates AV #A | $ 999,000 | 4/4,0,1,0 | 2400 |
| Pending | 1702 | Phelan LN | $ 819,000 | 4/2,1,1,0 | 2110 |
| Sold | 2018 | Gates AV #B | $ 999,000 | 4/3,0,1,0 | 2508 |
| Sold | 2017 | Huntington LN #B | $ 984,000 | 4/3,0,1,0 | 2612 |
| Sold | 2017 | Huntington LN #A | $ 992,000 | 4/3,0,1,0 | 2612 |
