This pier-adjacent home on the Manhattan Beach Strand, listed for $28.9 million, is expected to set a price record for the area when sold. (Re/Max Estate Properties)

 

Hot Property: Manhattan Beach

Manhattan Beach home listed at $28.9 million expected to set new high-water mark for the area
Corner lot home on the Strand in Manhattan Beach lists for $28.9 million
A Manhattan Beach home listed for $28.9 million is expected to set a price record for the community and would be among the priciest home sales historically across L.A.’s South Bay.

The Craftsman-style home in the 1000 block of the Strand features an oversized corner lot with south-facing views of the Manhattan Beach Pier and surrounding coastline. There are nine bedrooms and eight bathrooms in 5,967 square feet of living space.
The Craftsman-style home last sold in 1955 for $35,000, according to the listing agents. (Re/Max Estate Properties)
Sold at or near its asking price, the home would set a high-water mark for single-family residences in the area by a wide margin. Last year, a 4,893-square-foot home in the 1900 block of the Strand sold for $15.75 million. Two other Manhattan Beach homes, both sold off-market, hold the top price point at $16 million, records show.

It would also best the recent sale of a house in the 1900 block of the Strand in Hermosa Beach. The double-lot property sold in April for $15 million, making it the highest sale for that community.

Owned in the same family for more than 60 years, the seller’s father bought the property in 1955 for $35,000, according to Re/Max Estate Properties agent Victoria Beck, who holds the listing with Robert Schumann of Real Estate West.

In 2014, based on 399 sales, the median price for single-family homes in Manhattan Beach was $1.9 million, up 15.2% from the previous year, according to CoreLogic.

LA Times