While many of the ocean front homes that had sold in 2011 now find themselves as construction sites, the market seems to have cooled a bit with many of the same homes on The Strand still active on the MLS. There are currently 7 ocean front properties currently for sale, not including the hotel condo offerings at The Beach House Hermosa, with the average days on market over 238 days. This is a pretty astounding number given the activity level of the market in Manhattan Beach. While other areas of Manhattan Beach have seen tremendous activity, the ultra luxury real estate market in Manhattan Beach has been slow since the fall of 2011, but much of that has more to do with the prices of the current homes.
Of the ocean front homes for sale on The Strand, all but one are in Manhattan Beach. The home at 808 is actually a condo and this penthouse unit offers stunning views. The price on 2016 The Strand and 2020 The Strand at $22,499,000 is a bit misleading as the price is for both homes and currently they will not sell them separately.
Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with South Bay Brokers in Manhattan Beach. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, TorranceRealEstateHomes.com, ManhattanBeachLuxuryRealEstate.com and FindYourSouthBayHome.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com. For more information on the South Bay, visit my Beach Cities Real Estate blog.