1800 Esplanade Redondo Beach CA

Oceanview 1800 Esplanade #A Redondo Sells $1.0M over Asking!

Top Redondo Beach Home Sale of the Month

1800 Esplanade Unit#A, Redondo Beach, CA 90277

Listed at $3,000,000 and sold at an incredible $3,965,500!!!!

The top home sale of the month in Redondo Beach didn’t just sell above the list price…..it absolutely blew it away.  This 3 bedroom oceanview townhome (there’s nothing to the west of it other than the street but still can’t call it ocean front) was listed at $3,000,000 and sold, with multiple offers for $3,965,500.  The actual accepted offer was over $4.0M but price was negotiated down in lieu of some repair work.  Unbelievable!!!!

The home offered panoramic ocean views and an updated and upgraded interior.  Some of the highlights included beautiful hardwood floors, picture windows, multiple built in cabinets and shelving as well as the inspired kitchen with high end stainless appliances, butcher block and granite counters and more. 

The upper level primary had endless views and customizations had been done throughout.  All of this just steps to the beach and a few blocks to the shopping and dining of Riviera Village. 

The home had last been on the market in 2019 for $2,400,000 but didn’t sell.  Once again….wow.

1800 Esplanade Unit#A Basics

  • 3 bedrooms
  • 3 bathrooms
  • Multiple oceanview decks and patios
  • 1,984 square feet (BTV)
  • 2 level townhome
  • Built in 1999 but extensively remodeled
  • HOA $667 monthly
  • Listed at $3,000,000 and Sold at $3,965,500
  • Listed by Cristina Warfield – Compass –  310-429-5997

Contact Redondo Beach real estate specialist Keith Kyle with Vista Sotheby’s to request listing alerts for similar homes

1800 Esplanade Unit#A, Redondo Beach, CA 90277 - sold at $3,965,500

This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Homes for sale in El Camino Village

El Camino Village a Great Alternative For South Bay Home Buyers

Welcome to El Camino Village

By Keith KyleHomes for sale in El Camino Village

For many home buyers searching in Redondo Beach and Torrance, finding a single family home in their price range is often not possible.  An alternative to these more expensive areas is a small community locally known as El Camino Village, located near the El Camino City College.  The community name is somewhat made up as it actually consists of 2 different cities, Lawndale and Gardena, but has helped create a nice community feel not shared with some other areas of the same cities.  El Camino Village is a bordered by Prairie to the west, Marine to the north, Manhattan Beach Blvd to the south and Crenshaw to the east.

What makes the area fairly unique is that zoning only allows for single family homes and with elementary schools located within walking distance, the area has a very nice look and feel.  The Lawndale and Gardena neighborhoods do not actually connect and are divided by an aquaduct with the Lawndale side having a bit more of a uniform feel and home values being slightly higher.

Home prices have risen rapidly in 2021 with the smaller 3 bed/1 bath homes starting in the low to mid $700’s and larger or upgraded homes quickly reaching into the mid $900’s.

Current El Camino Village and Bodger Park Homes for Sale

 

Redondo Beach Hollywood Riviera

Why Homes are More Expensive in South Redondo than North Redondo Beach

Why South Redondo Homes Cost More than North Redondo Homes

For buyers (and sometimes even sellers) unfamiliar with the differences in local market in the South Bay, Redondo Beach is just one single real estate market.  In reality the differences between neighborhoods can be significant and home values and prices show a clear distinction between similar homes in North Redondo and South Redondo.    The city has a number of distinctive neighborhoods but the main sections are broken into North and South and the dividing line is basically 190th Street.  North Redondo is quite a bit less expensive due to the location as it sits behind Hermosa and Manhattan Beach so there are no homes with ocean views and the feel of the area is different as it’s not along the water.  South Redondo ends at the beach and the ocean to the west and has a unique beach charm and homes often have great views.  The recent listings and sales of very similar homes, both in terms of style, layout, size and new construction, make clear the differences in values.

Below is a map showing the general layout, location and dividing lines between north and south Redondo Beach

 Areas 151-154 are North Redondo and 155-157 are South Redondo

Redondo Beach real estate map

Fusion townhomes show just how the market has changed

Often when we look at the broader world of the real estate market it’s hard to notice just how dramatic a shift can be. It’s equally amazing just how quickly we forget the market we just left…as if we’ll never be back. I focus much of my attention in terms of marketing, selling and blogging about a small gated community in the Hollyglen known as Fusion South Bay. It’s just a pocket of newer townhomes in the South Bay but nowhere have I seen a more drastic turnaround and the implications it has had. I sold a few units at the height of the market and have struggled with the fact that values went down so dramatically and so quickly. As they were constructed in 2005-2007 almost every buyer was truly buying at the peak of the market. The result was a % of short sales and foreclosures not seen anywhere else in the area. Less than a year ago almost 75% of the closed sales were short sales and values plummeted. I showed most of them and, at the time, I almost felt as though you couldn’t give them away….no buyer motivation, no sense of urgency and most of those buyers are probably now kicking themselves. It was truly a buyers market.

Just a year later and oh how the real estate world has changed. Units that had been in the low $300,000s are now in the mid to high $400,000s and buyers are lining up for the next owner that decides to sell.   At the moment the one 2 bedroom home for sale, the smallest floor plan in Fusion, is listed at the same price that a 3 bedroom sold for just a year earlier.  Those clients that had bought a few years back are once again looking good and those that didn’t purchase at the bottom when they had the chance are certainly wishing they had. In one short year this micro market has gone from barely being able to give away these townhomes, to having buyers and agents eagerly searching off market for the chance to own one.

My how quickly things change and how quickly we forget where we just were.

 

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June 2013 Home Sales in the South Bay

The June home sales numbers are in and once again it was a very big month for home prices as many areas reached multi year highs once again.  The beach cities saw very high median home prices as many luxury properties sold at prices unseen in the past.  Click on the links below to view the home sales for various South Bay cities.

June 2013 Home Sales
El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollyglen
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
San Pedro
Southwood, West & South Torrance

Hermosa Beach Sand Section Home Prices Reaching New Levels

Although median prices in a luxury market such as the Hermosa Beach sand section can vary dramatically due to one or two oceanfront home listings on The Strand, the median home prices for active listings has reached record highs.  The sand section of Hermosa Beach is the area closest to the ocean and is bordered by Manhattan Beach to the north, the streets of Valley/Ardmore to the east, and Redondo Beach to the south.  There are numerous housing options ranging from magnificent Strand homes, to “walkstreet” homes with an alley in the back but a pedestrian only sidewalk in the front, to endless ocean view condos, townhomes and single family.  In general prices are higher north of Pier Avenue.

According to local realtor and Hermosa Beach resident Keith Kyle with South Bay Brokers “the homes active on the market are almost all exclusively very high end luxury homes and we’ve reach a median home price never seen before.”  The current median home price for all types of active homes is at $3,749,000.  This in a town where the median prices have hovered in the $1.1M-$1.2M in general for the past few years.  There are many factors at the moment including a number of ocean front homes including 2666 The Strand, an oceanfront estate priced at a whopping $15,900,000 (incredibly it was raised from it’s original $13,900,000), 718 The Strand at $6,300,000 and 5 other homes priced over $4.0M with 3 walkstreet homes for sale.

[idx-listings community=”Hermosa Beach Sand” propertytypes=”513″ orderby=”Price” orderdir=”DESC” count=”5″]

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Vista Sotheby’s International Realty is one of the top real estate brokerages in the South Bay and Southern California with offices in Redondo Beach and throughout the South Bay

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

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keith.kyle@vistasir.com

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keith kyle

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Sotheby's International

Welcome to Sotheby's International Realty representing buyers and sellers of fine South Bay and Southern California properties

Redondo Beach Real Estate & Homes. All rights reserved. Information deemed reliable but not guaranteed

Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Sotheby’s International Realty ® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission.