Priced out of The Strand in Manhattan and Hermosa? Great Option in the Hollywood Riviera

By Keith Kyle

I get a number of inquiries from my site SouthBayOceanFront.com from buyers looking for a beach front home on The Strand in Manhattan Beach and Hermosa Beach.  Many of these buyers are extremely qualified and have the ability to comfortably purchase multi-million dollar homes.  The problem in today’s market is that values along the beach in Hermosa and Manhattan have gone up considerably in the past 18 months.  There are currently 9 oceanfront single family homes on The Strand and 8 of them are priced over $10,000,000.  That was a relatively unheard price point just 2 years ago and now there are several over $15,000,000.

So what is a $5,000,000 buyer to do?

Unfortunately homes becoming available in that range are probably a thing of the past, but there is an option not far and it may even offer attributes that The Strand can’t offer.  The area is the Hollywood Rivera (about 10-15 minutes south) and there is a fantastic bluff top street called Paseo De La Playa that offers oceanfront homes, large lots that extend all the way to the beach (some fortunate homes have paths that access the beach directly from the home), and views not only of the beach, but Palos Verdes, the ocean, King Harbor, and coastline views that extend all the way to Malibu.

As of this post, there are 2 oceanfront homes for sale on Paseo De La Playa.  The first is currently in escrow located at 605 Paseo De La Playa and is listed for $4,295,000.  The second is an off market sale in which the owner is trying to sell it themselves at 617 Paseo De La Playa and the owner is asking $4,350,000.

The homes on Paseo were all originally on leased land with many of the former owners buying out the leases in the past and are now owned free and clear.  Built in the 60’s and 70’s some of the homes are fairly original while many have been extensively remodeled.

Paseo De La Playa homes for sale

Endless Ocean Views – Paseo De La Playa in the Hollywood Riviera

Oceanfront homes on Paseo de La Playa

Get to know the homes of this incredible street in the Hollywood Riviera

By Keith Kyle

The Hollywood Riviera is one of my favorite areas of the South Bay. It offers great views, a small town community feel, ever present ocean breezes, and homes that generally fit on the lots (no McMansions) which make for a feel that you don’t often get in the overcrowded South Bay.  It’s hard to go wrong with any location in this coastal community but there’s one street that beats them all. Paseo De La Playa offers oceanfront living for the lucky few and enjoys the best of all imaginable views.  The homes sit up on a bluff, and enjoy views of Palos Verdes, panoramic ocean views, and coastline views from Redondo Beach all the way to Malibu.  What that makes for is ever changing, always impressive views.  During the day it’s all about the ocean and coastline, but in the evening when colors change, it becomes a fantastic city lights view along the coast.

Paseo De La Playa homes for sale

The lots are huge and usually in the 20,000+ range although may are on leased land often with an option to buyout the lease every few years.  Depending on how high on the hill you are (lower elevation homes on towards the left above) there is sometimes direct beach access from the homes which dramatically increases the appeal as “RAT” beach (Right after Torrance) is just below and almost serves as a private beach as access is limited to a fairly long walk from the parking lot.

Homes on this street rarely become available and many are still in fairly original condition with original owners from the 1960s (honestly why would anyone want to move) and range anywhere from the low $3,000,000s- to well into the $6.0M’s for anything remodeled, especially with beach access.

Adding beach access, if not already there, is a huge struggle as it’s tightly regulated by the California Coastal Commission.  The only minor inconvenience to living on Paseo De La Playa is that it’s a moderately busy street and a frequent route for both cars and bicyclists going between Redondo and Palos Verdes.  There is one condo complex at the top of the street called Cote D’Azure with 87 units perched high on the bluff surrounding extensive grounds and pools.  The units are 2 bedrooms generally ranging between 1300-1550 square feet.  Many units do not sit oceanfront and have limited views, while the rare few offer similar views to the SFRs just down the street.

Overall the homes on Paseo De La Playa offer some of the best features imaginable for those looking into the epitome of California coastal luxury living.  

If you’re searching beyond just the oceanfront homes of Paseo De La Playa, visit our Hollywood Riviera real estate and homes for sale site for helpful information, recent Riviera news, current listings and more.

Paseo De La Playa Homes

Ocean and coastline views on Paseo De La Playa

New Oceanfront Home Listing in the Hollywood Riviera

By Keith Kyle

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.

 

Manhattan Beach Strand homes for sale

Beach Front Homes Opportunities on The Strand in Hermosa and Manhattan

Welcome to the Hermosa and Manhattan Beach Strand

Beach front homes in the South Bay

The very epitome of luxury coastal living in Southern California is The Strand in Manhattan Beach and Hermosa Beach.   These homes have seen values increase dramatically over the last 18 months with homes priced and selling for over $10,000,000 being fairly common.  With the number of homes on the Manhattan Beach Strand actually decreasing in the past 10 years with lots being combined and multi unit buildings being replaced with larger single family homes, the values look to continue to rise in the future.  Currently there are 5 beachfront homes for sale on The Strand with the homes at 1140 and 2216 The Strand for sale in Manhattan Beach, and 136, 3001 and 2666 The Strand in Hermosa Beach.
Hermosa and Redondo Beach

2666 The Strand, Hermosa Beach 90254 Oceanfront Home For Sale

Record Setting Sale Closes in June 2023

2666 The Strand Hermosa Beach CA 90254

Sold off market for $19,450,000 (all time record as of 6/23)

It was only a few weeks ago when 2826 The Strand Hermosa Beach that sold in May of this year for $18,590,000 which was a record sale price…..well that record didn’t last too long.

Listed by Robb Stroyke of Bayside, the new highest priced home sale in Hermosa Beach just closed and it sold off-market.

2666 The Strand Hermosa Beach just closed escrow for an incredible $19,450,000.

Search the current beachfront homes for sale on The Strand in Hermosa Beach

Just about everything with 2666 The Strand was unique from most beachfront Strand homes in Hermosa Beach California

Unlike the usual rectangular lots that front the beach, this one was somewhat triangular with a very narrow side on the east, but more importantly a very wide side facing the beach.  The lot featured an incredible 71 feet of beach frontage.  The home was also camparatively enormous offering almost 7,000 square feet.  The home took full advantage of the oversized frontage with glass window walls and a very unique infinity type pool out front.

2666 The Strand Hermosa Beach Details

  • 5 bedrooms
  • 6.5 bathrooms
  • 6,857 square feet
  • Irregular shaped 4,380 sq foot beach front lot
  • 71 feet of beach frontage
  • Built in 2013
  • Sold at $19,450,000
  • Listed by Robb Stroyke – Bayside – 310-545-9595

2666 The Strand in Hermosa Beach

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