Several weeks ago MBC noted that, after a long drought of Strand listings, suddenly, there were 4 options on public offer.
The prices then ranged from $6.9m for the most livable home (a townhouse at 2700 The Strand) to $8.2m for the priciest of 3 lot sales.
The high end is down now.
204 The Strand (click for pics &…
Several weeks ago MBC noted that, after a long drought of Strand listings, suddenly,
there were 4 options on public offer.
The prices then ranged from
$6.9m for the most livable home (a townhouse at
2700 The Strand) to
$8.2m for the priciest of 3 lot sales.
The high end is down now.
204 The Strand (click for pics & details via Redfin) has made 2 adjustments, with the second cut this week taking it
down a full $1m to
$7.2m.
3404 The Strand (pictured) began at $7.8m in early November, but it cut a million bucks at once just 10 days later (3 days after MBC's story), so it's at
$6.8m. (We are viewing 3404 as a lot sale even though there is a large, custom home on the land now. It'd be a funky, cool, fun property for someone at $3m-$4m, but at $5-7m it's probably got a date with a 'dozer.)
The fourth property mentioned in our prior story,
3216 The Strand, went off market, last at
$7.0m.
This could turn into a long-term process of price discovery for Strand lots. The one to watch is 204 The Strand, the best location, where the neighboring corner-lot property (
200 The Strand) is now in advanced stages of construction on a new home. The county assesses 200 The Strand at $6.110m, apparently tied to a 2004 sale at
$5.550m.
Also, there's a new home on The Strand north of the pier that's for sale, but not on the MLS. More on that one soon.
Please see our blog disclaimer.
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 22nd, 2024 at 4:20pm 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.