It's time to take that record book off the shelf and add a whole new first page.
There's a new top sale in Manhattan Beach, and it's quite a leap above what came before.
1800 The Strand (5br/6ba, 5329 sqft.) has closed for $24.500M, an incidental $500K below asking.
The artfully crafted corner-lot home, abutting perhaps the greatest of the town's walkstreets, is the highest public-market sale since Fall 2021. (See more on the home below.)
Way-back-then, in the midst of a local real estate-buying frenzy, 508 The Strand (5br/6ba, 4325 sqft.) closed at $19.200M.
1800 The Strand now bests the top Strand sale by more than $5 million, in a year where it's only the 3rd Strand sale, amid a generally slow year.
(One of the other 2 sales on the Strand this year was a $14M lot sale directly across the walkstreet, at 1720 The Strand. Busy street!)
The new sale at 1800 The Strand also leapfrogs the highest public-market sale of a single home in Manhattan Beach, 2017's $20.000M sale at 814 Pacific in the Hill Section. Of course, that home was huge: 6br/6ba, 10,000 sqft. in two structures, and featured a giant 23,000 sqft. double lot.
1800 The Strand tops 814 Pacific by $4.500M.
Some other top sales:
$21.000M - May 2017 sale of 1000 The Strand, a 4-unit building near the pier that's currently listed as 10br/9ba, 5967 sqft. and asking $30.000M today, after some remodeling work (listed by Brett Zebrowski of Palm Realty Boutique).
$20.999M - July 2022 sale of 809 Highview, a private sale that appears only in tax records. (High-end newer build on a 14,000 sqft. lot with pool.)
$19.598M - Nov. 2021 sale of the new home at what's now 1001 1st St. (6br/9ba, 9479 sqft.), then-new construction which is on the market today at $24.995M (listed by Jason Oppenheim of The Oppenheim Group, Inc.).
FWIW the buzz on that one, which we reported in Nov. 2021, was that the still-under-construction home was under contract for $23M. That could be accurate, along with the reported sale price of $19.6M, depending on how the construction was paid for.
For ranking purposes, we are just going with the price in tax records.
High Sale Comes Amid Other High-End Activity
This record-breaking sale for Manhattan Beach comes at the same time as the Hill Section has seen its second-highest sale ever (1012 Pacific, see story) and while an even-higher-priced Hill Section home at 934 1st ($16.850M) has just gone under contract.
And this is the year when we reported on superstar QB Jared Goff's $19.1M double-lot acquisition down at 5th/John, although the second lot did close in November last year.
So, East Manhattan may keep playing the role of "Little Engine That Could," driving city sales data, but the city's high end is not exactly dragging along.
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1800 The Strand Bonuses
Everyone wants to know what a $24.500M home looks like, right?
Well, you can review the listing here: 1800 The Strand, although after closing, photos are reduced to 1.
Why not enjoy the 2-minute feature video right here?
And if you're looking for an even more detailed tour, take this 8-minute narrated video tour with listing agent Bryn Stroyke of Bayside. (Both videos used with permission.)
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of July 18th, 2024 at 10:18pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Way-back-then, in the midst of a local real estate-buying frenzy, 508 The Strand (5br/6ba, 4325 sqft.) closed at $19.200M.
The new sale at 1800 The Strand also leapfrogs the highest public-market sale of a single home in Manhattan Beach, 2017's $20.000M sale at 814 Pacific in the Hill Section. Of course, that home was huge: 6br/6ba, 10,000 sqft. in two structures, and featured a giant 23,000 sqft. double lot.
