Is $1.2M the New Normal for New Construction 2 on a Lot Redondo Townhomes?

By Keith KyleRedondo Beach townhomes

Two new Amir Amiri townhomes hit the market this week in North Redondo Beach at a fairly incredible $1,200,000 price tag.  It wasn’t long ago that we were fairly amazed to see these North Redondo Beach new construction detached townhomes near the $1.0M mark but that sounds like a bargain just 18 months later.  The most recent closed sales priced at $1.050M with the latest listings priced at $1.2M.  These two on a lot townhomes n both North and South Redondo have continually increased in value over the past 2 years and has created high demand from builders for larger lots with smaller or tear down type homes.

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Now That’s a Big Number – North Redondo Townhome Sells at $1,290,000

By Keith Kyle1800-Pullman-Redondo

We are used to seeing big sales prices and rapidly rising values but the recent sale at 1800 Pullman Lane set the bar even higher.  1800 Pullman is a beautiful detached townhome that feels much more like a single family home as it sits on a corner lot which allows for the “fronts” of the 2 townhomes to be on different streets.  In addition the townhome was very large at over 3200 feet, but almost $1.3M for a townhome in North Redondo is still pretty hard to believe.

Status: Closed Sale
ML#:   SB14221719 
APN:   4161004013 
Orig. List Price:   $1,398,000 
Price Per Sqft:   $401.49 
County:   Los Angeles 
Property Type:   Townhouse (D) 
Bedrooms:   5 
Bath(F,T,H,Q):  4,0,0,0 
Sqft (Src):   3,213 (Builder’s Data) 
Ac/LotSqft (Src):   0.172/7,500 (B)  
A/C: No 

See all of the recent home sales in Redondo Beach, CA

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