517 Paseo De La Playa in the Hollywood Riviera

Oceanfront Home at 517 Paseo De La Playa Sells for $7,050,000

517 Paseo De La Playa, Redondo Beach

oceanfront home the top sale of the Month in Redondo Beach

sold for $7,050,000

Without question, Paseo De La Playa is one of our favorite streets in all of the South Bay and Southern California.  The homes on the west side of the street have unblocked panoramic views from Palos Verdes to Malibu.   The lots are huge…..extending all the way to the beach.  The homes have privacy that’s impossible along the Esplanade or the Strand in Hermosa and Manhattan and its not nearly as far out as some of the oceanfront homes in Palos Verdes. Listed by Christina Schlank of Vista Sotheby’s 517 Paseo De La Playa was one of the best homes on the best street.  Incredible indoor and outdoor spaces in a luxurious but casual beach home.  Views were endless. This home was built in 1962 but underwent an almost total remodel in 2010 and still looks and feels lke a new home. The home last sold for $5,920,000 in 2017. The previous owner had been Larry Miller of Sit and Sleep and “your mattress is freeeeee!” fame.
517 Paseo De La Playa Hollywood Riviera

Listing Details

  • 5 bedrooms
  • 4 bathrooms
  • 3.058 square feet
  • 22,289 sq foot lot oceanfront lot extending to the beach
  • Built in 1952 extensively remodeled in 2010
  • Listed by Christina Schlank – Vista Sotheby’s International Realty -310-977-5074
  • Listed at $6,750,000 and sold at $7,050,000
Contact Hollywood Riviera real estate specialist Keith Kyle with Vista Sotheby’s International to sign up for free listing alerts when similar homees hit the market.

517 Paseo De La Playa –  Sold at $7,050,000

Village Palos Verdes in the Hollywood Riviera

June 2022 Home Sales in the Hollywood Riviera

June 2022 home sales and prices in the hollywood riviera

Take a look below at the homes that sold in the Hollywood Riviera during the month of June 2022.

The activity level was pretty typical with 10 homes closing escrow compared with 9 in May.

The average “list” price was fairly incredible at $2,417,000 with the average sold price at $2,435,700 meaning that, in general, homes sold WAY above the original list price.

The average price per foot was $1133 and average days on market was a very brief 16 days before going into pending status.

See how this compares to other months on our Hollywood Riviera real estate trends and statistics page.

The top sale of the month was an incredible oceanfront home at 517 Paseo De La Playa that closed at an amazing $7,050,000.

517 Paseo De La Playa in the Hollywood Riviera

May 2022 Hollywood Riviera Home Sales and Prices

Home Type AddressPrice$ Per FootBed/BathSq FeetYear Built
SFR/D220Via Alameda$1,200,000$9542/1,0,0,01258/A1948/ASR
TWNHS/A430 1/2Palos Verdes Blvd$1,490,000$7913/1,1,1,01884/A1978/ASR
SFR/D225Calle de Madrid$1,698,000$1,3443/1,1,0,01263/E1948/ASR
SFR/D130Paseo De Gracia$2,208,000$1,2693/0,2,0,01740/A1952/ASR
TWNHS/A1903Camino De La Costa #B$3,150,000$1,0504/3,0,1,03000/E2021/BLD
SFR/D517Paseo De La Playa$7,050,000$2,3055/4,0,0,03058/A1962/ASR
SFR/D5331Calle Mayor$1,405,000$9203/1,0,1,01528/T1954/ASR
SFR/D4225Paseo De Las Tortugas$1,676,000$1,0463/1,1,0,01603/A1956/ASR
SFR/D349Avenida Atezada$2,180,000$7664/2,0,1,02845/A1954/ASR
SFR/D642Via Los Miradores$2,300,000$8954/1,1,0,02571/A1954/ASR

Proud to Be One of the Top 1.5% of Realtors Nationwide

Realtrends recently compiled their list of the top realtors in the country and in the state for 2021 and Keith Kyle was proud to be recognized as one of the top 1.5% of realtors nationwide.  We thank our wonderful clients for putting their trust in us and helping make this happen.  Thank you  to all of them.

Hollywood Riviera real estate trends

Hollywood Riviera Real Estate Market Trends

Whether you’re a home buyer or selling your home in the Hollywood Riviera, keeping up with the real estate market trends and statistics can be a great way to make an educated decision.  Below is a series of charts showing what the real estate market in the Hollywood Riviera is doing each month.

Active (light green), Pending (red line) and Sold Homes (dark green) each month in the Hollywood Riviera

Average Price Per Sq Feet of Sold Homes

Average days on market and % that homes sold compared with list price

Average list price and average sales price in the Hollywood Riviera

 

Months of available home inventory based on sales

 

The chart above shows the months of inventory on the market or how long it would take to sell all of the homes. The higher the number the more of a buyers market it tends to be.

411 Paseo Miramar the Top Hollywood Riviera Home Sale of May

Home in the gated Riviera Beach Colony May's top home sale

411 Paseo Miramar closes at $3,100,000

We don’t see a lot of homes come on the market in the small gated community of Riviera Beach Colony but the home located at 411 Paseo Miramar just closed escrow and was the highest priced home sale in the Hollywood Riviera during May. 

The location of the Riviera Beach Colony is pretty ideal being just steps to the beach and a very short distance to the charming shopping and dining area of Riviera Village.   

It’s a unique community for the area as it’s one of the few gated communities in the Redondo Beach area and it has a much quieter feel than the surrounding neighborhoods.

411 Paseo Miramar Basics

  • 4 bedrooms
  • 4 bathrooms
  • 3,134 square feet(approx)
  • $385 HOA dues
  • Priced at $3,295,000 & sold at $3,100,000
  • Listed by Justin Miller – Beach City Brokers – 310-543-3536

Contact Hollywood Riviera real estate specialist Keith Kyle to receive listing alerts for similar homes

411 Paseo Miramar, Redondo Beach, CA 90277 – Sold at $3,100,000


The agent providing the information contained herein may not have been a buyer’s and/or seller’s agent. This report is based on data pulled from CRMLS

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Vista Sotheby’s International Realty is one of the premier real estate firms in Southern California.  Visit our Riviera Village Office

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1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

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Redondo Beach realtor Keith Kyle.
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Homes in Hollywood Riviera. All rights reserved. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. **This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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