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

By Keith KyleMaster-New-Large

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.

What’s so great about the Manhattan Beach “sand” section anyway?

Welcome to Coastal luxury in the sand section of Manhattan Beach

By Keith Kyle

The answer to the question, “what’s so great about the Manhattan Beach sand section anyway?” can be summed up with 3 words……Location, location, location.

The “sand” section of Manhattan Beach gets it’s name from the proximity to the beach. The area stretches from Hermosa Beach to the edge of Manhattan known as El Porto. In this wonderful area you’re never far from the beach, often walking distance to shops, restaurants and bars, enjoy almost perfect weather, are treated to spectacular sunsets, and often have great ocean views.

The biggest drawbacks to this area are the price and the limited space as land is at a premium and just about every inch of lot is taken up by homes. Gone are most of the beach bungalows that actually fit on the lot and most have been replaced by larger and larger homes as wide, deep and tall as they can possibly be. Some of the unique areas are the “walkstreets” in which the homes front a pedestrian only “street” which allows for less noise, no cars, and a much safer atmosphere and the lack of cars make views that much more impressive. El Porto, the most northern area of the sand section, is the most affordable as many of the typical 30×90 foot lots were split and the smaller lots equal smaller homes equal smaller price tags.  Without question the most sought after property in the sand section are the very rare and always impressive homes located beach front on “The Strand”  These homes offer the high end luxury buyer endless and unblockable ocean views.

Current Sand Section Homes for Sale

Beach Front Homes Opportunities on The Strand in Hermosa and Manhattan

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.

New Oceanfront Hermosa Home on the Market

The beach front homes of The Strand in Hermosa Beach is the epitome of luxury coastal living in Southern California.  The newest luxury property to hit the market is located in the highly sought after North Hermosa sand section neighborhood at 3001 The Strand.  The home was completed in 2007 and originally sold that year for $10,000,000.  The home sits on a larger than normal lot of almost 4000 feet and enjoys a very spacious 6,000+ square feet with 6 bedrooms and 5 1/2 baths with panoramic views of beautiful Hermosa Beach and the pacific ocean beyond.

We're sorry, but we couldn't find MLS # SB13117950 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Hermosa Beach Sand Section Real Estate Update

The inventory remains low in the sand section of Hermosa Beach with only 5 single family homes on the market in this very sought after area of the South Bay.  The sand section is the area of Hermosa Beach from The Strand (Hermosa’s famous ocean front walk) to the greenbelt located at Valley and Ardmore and offers many homes that have tremendous ocean views and are in close proximity to the beach and downtown Hermosa and Pier Plaza.

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No Shortage of New Construction in Hermosa Beach CA

Well it looks like we’re back to a building boom with hardly a block in Hermosa Beach that doesn’t have some type of construction happening. The new construction is focused primarily in the highest value areas of the sand section with multiple new oceanfront homes being built on The Strand with other notable builds taking advantage of ocean view and ocean close lots. With land at such a premium in Hermosa it no surprise that when values rise in the luxury home market the builders start actively seeking lots.

Homes in Hermosa Beach

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