New Golden Hills Listing One of the Most Expensive Ever at $1,849,000

1620 Spyer Lane - Golden Hills SFR Priced at $1,849,000

The recent addition to the market of the home at 1620 Speyer Lane brings to  market one of the highest priced listings ever in this small neighborhood in Redondo Beach.  The Golden Hills is basically a small strip of homes just east of Hermosa Beach and south of Manhattan  Beach.  Prices have gone pretty crazy in the past few years but this newest listing will definitely move the goalposts a bit if it sells at or  near this price.  The home is unique in many ways for the area, although it’s not new construction and anything that has sold above this has been new or newer and usually larger lots.  The home itself sits on an oversized 3,500+ sq foot lot (most homes are on 25 x 100 foot lots) making for a different  layout and outdoor spaces than you get in other “tall and skinny” single family homes of the area.  It’s also quite  a bit bigger than most with over 2,700 square feet.  Even with the additional square footage this is going to be a big number at $1,849,000 and would be the 5th highest  priced home ever.  Read more about the pros and cons  of the Golden Hills of  Redondo Beach.

 

Search the current Golden Hills homes for sale in Redondo Beach

1620 Speyer Lane, Redondo Beach 90278 – Priced at $1,849,000

Homes for Sale in the Golden Hills On the Rise

The housing inventory in the Golden Hills is on the rise.  It wasn’t long ago that the number of active listings in the Golden Hills of Redondo Beach was down to two. With the uncertainty created by the coronavirus and the impacts on the economy, homes in certain neighborhoods are starting to sit for a while.
The Golden Hills  sits just east of Hermosa Beach and South of Manhattan Beach, is one of those areas.
As of 6/4 there are now 11 homes on the market in this small pocket of Redondo Beach with at least one more coming soon.

If you would like to know about new Golden Hills homes when they hit the market….we would love to help.  FREE listing update alerts emailed directly to your inbox.

Current Golden Hills Redondo Beach Home Listings

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Suddenly an Abundance of Homes for Sale in the Golden Hills

market update - the Golden hills in North Redondo beach

It’s not yet clear whether the increase in the number of homes for sale in the Golden Hills is due in larger part to timing (spring is often when we start seeing an increase in the number of homes that come on the market) or due to the slowdown that the covid impacts are having, but in the past month we’ve seen the number of active listings go from 2 up to the current 7 homes for sale.  It may also be due, in part, to the pricing as a few of the recent listings are really trying to break some records in terms of list and sales price.  The Golden Hills is somewhat unique for Redondo Beach as the neibhrohood is comprised of almost exclusively single family homes without the abundance of townhomes and condos seen throughout most of North Redondo.

Current Golden Hills Homes for Sale

Sold Off Market in the Golden Hills – 1638 Spreckels Lane

By Keith Kyle1638 Spreckels Lane Redondo Beach

Sitting on a quiet one way street in the Golden Hills of Redondo Beach, this charming single level home on an oversized lot is in the Jefferson School area and only 1 block to Hermosa Beach.  This beautiful home offers original beach bungalow charm but with an expanded floorplan and updated spaces.  From the moment you see the home the curb appeal and pride of ownership is appearant with the extra large lot offering a sense of space rarely seen in the Golden Hills.  The white picket fence and grassy front yard offers real coastal charm.  Enter the home into the living room with great light, hardwood floors and a great layout perfect for entertaining.  The open kitchen offers stainless appliances, tile countertops, pantry and more.  Conveniently located 1/2 bath and laundry room sit just off of the kitchen.  Rare for the neighborhood, 1638 Spreckels offers 3 nice sized bedrooms all on one level and each feature hardwood floors, large mirrored closets and great light.  The rear of the home offers a spacious family room with cozy brick fireplace and sliders that lead directly to the backyard.  The backyard offers fruit trees and mature landscaping allowing for privacy to enjoy summer evenings and beach breezes.  Contact Redondo Beach listing agent Keith Kyle with Vista Sothey’s International for more information.

1638 Spreckels Kitchen 1638 Spreckels Family Room 1638 Spreckels Bathroom 1638 Spreckels - Living Room

  • 3 Bedroom, 1 1/2 Bath
  • 1408 square feet
  • 4,052 foot lot
  • Built in 1952

Lack of Starter Homes Available in the Golden Hills of Redondo Beach

Many South Bay home buyers are looking for a starter home in the Beach Cities often look to the Golden Hills area of Redondo Beach.  The area offers homes often referred to as “tall and skinnies” due to the very narrow and long lots created when the area was originally subdivided.  The Golden Hills area is located just east of Hermosa Beach between Artesia and 190th.  Homes are often significantly less expensive then identical homes just several blocks away in the Hill Section of Hermosa.  The homes generally start in the mid $700K range for something with 1700 square feet or so, but there are always less expensive options….until recently.  While pulling comparables for a Redondo Beach home seller, it was hard to believe that of the 8 homes priced below $750,000 only one was active and all others were pending.  That’s a fairly incredible ratio, even in this very active market.  If home sellers are considering selling their entry level Golden Hills home, now may be a great time.

Golden Hills Redondo Beach homes

The chart below shows just how far down our inventory has come on single family homes priced below $750,000.  September of last year had 13 active SFR listings in the Golden Hills in this price range while now we only have one.  That’s a fairly incredible turn around in one year but the inventory has steadily dropped.

Golden Hills Real Estate market statistics

Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with Vista Sotheby’s International Realty in Manhattan Beach.  He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, TorranceRealEstateHomes.com, ManhattanBeachLuxuryRealEstate.com and FindYourSouthBayHome.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more.  Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com.

 

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