Happy 4th of July Hollywood Riviera!
We wish all of our friends, family, neighbors and clients in the Hollywood Riviera, Redondo Beach, Torrance and the South Bay a very happy 4th of July! Enjoy the beach on this holiday weekend!
Category: Hollywood Riviera real estate
Record Setting Home at 421 Paseo De La Playa For Sale Once Again
Oceanfront Compound For Sale for $22,995,000
417 & 421 Paseo De La Playa is a wow legacy type property (well actually 2 houses) at a wow price. The previous sale of this property back in February of 2018 at $22,650,000 set a record at the time for a single family home in the South Bay. Currently listed at $22,995,000 we’ve already seen a very significant price drop from the original $26,995,000 price it was originally listed for in December.
There really is nothing like this in the South Bay. As described by the listing agent this is truly a “compound” type feel and a true legacy home. Consisting of two distinct free standing homes, combined they offer approximately 15,728 square feet on a massive 62,757 square foot oceanfront lot that extends to the sand and offers direct beach access down a trail. The main home features 5 bedrooms and 8 bathrooms, with the second “guest” house featuring 5 bedrooms and 7 baths.
Beyond the view, the outdoor amenities include an incredible pool and spa, fire area and even a private beach volleyball court.
Views are stunning and unlike the beachfront homes of the Strand in Manhattan Beach and Hermosa Beach the coastline views of the evening and night are equal to the incredible daytime views.
Contact us for more information on this oceanfront home
As rare as these oceanfront home sales are, this is definitely not the only oceanfront home. Check out all of the oceanfront homes currently for sale on Paseo De La Playa in the Hollywood Riviera.
421 & 417 Paseo De La Playa – Priced at $22,995,000
Listing courtesy of Joshua Altman – Douglas Elliman
Oceanfront Home at 505 Paseo De La Playa Sells at $5,175,000
505 Paseo De La Playa in the Hollywood Riviera
After a hiatus off of the market since August of 2020 the beachfront home at 505 Paseo De La Playa is back on the market. It had been on the market during the summer of 2020 listed at $5,500,000 at the time.
With a home like this you’re definitely paying for location as it’s a fairly original home but the location just can’t be beat. The last sale of something fairly similar was 529 Paseo De La Playa which was a 4 bed, 3 bath single family home with a bit under 3200 feet that sold at $5,650,000.
505 Paseo De La Playa offers the same specs with 4 bedrooms, 3 baths, and the same 3,179 square feet. The lot on 505 is a bit larger and extends all the way to the beach, but the home at 529 had done significant work to the bluff at a pretty marjor cost.
Contact us for more information on this oceanfront home
As rare as these oceanfront home sales are, this is definitely not the only oceanfront home. Check out all of the oceanfront homes currently for sale on Paseo De La Playa in theH Hollywood Riviera.
505 Paseo De La Playa – Sold at $5,175,000
Listing courtesy of Dan Mullin – RE/MAX Estate Properties
Redondo Beach January Real Estate At a Glance
January was a great month for real estate in Redondo Beach especially in terms of the home prices of the homes that sold during the month. In terms of the number of homes that sold it was slower than the prior months but that’s not unusual as the holidays really slow the homes going into esrow during December. There were 62 on market home sales compared with a very low 35 sales during the previous January. View addresses, prices and details of the homes that sold in all of Redondo Beach during January.
The median sales price of the homes that sold was an impressive $1,249,000 with a very short average 27 days on market. View our Redondo Beach real estate stats and trends to see how Januare compares to previous months.
Torrance Real Estate in January By the Numbers
Torrance real estate at a glance
Although the homes in the Hollywood Riviera have Redondo Beach mailing addresses, they’re actually in the city of Torrance so it’s helpful to keep an eye on the Torrance real estate market as well..
Overall it was a great month for the real estate market in Torrance CA. It was certainly slower than the prior months but that’s not unusual as the holidays really slow the homes going into esrow during December. There were 78 on market home sales compared with 60 the previous January. View addresses, prices and details of the homes that sold in Torrance during January.
Search the current homes for sale in Torrance
The median sales price of the homes that sold was $845,000 with a very short average 27 days on market. View our Torrance real estate stats and trends to see how Januare compares to previous months.
January Home Update – Hollywood Riviera Property Sales and Home Prices
It was a fairly typical month in the Hollywood Riviera real estate market in January with 11 sold homes to start out the year. That was certainly much higher than the 5 sales in December but about average compared with previous months. The median home “asking” price was $1,329,000 with the median “sold” price at $1,388,500 showing just how favorable the market is for sellers. The median price per foot was an impressive $845.
Search the current homes for sale in the Hollywood Riviera
January Property Sales and Home Prices in the Hollywood Riviera
| Type | Address | Price | $ Per Sq Foot | Bed/Bath | Sq Feet | Year | Sold Date | |
| TWNHS/A | 6010 S | Pacific Coast HWY #10 | $1,140,000 | $625.00 | 3/1,1,1,0 | 1824/A | 1987/ASR | 1/13/2021 |
| SFR | 129 | Via Colusa | $1,285,000 | $1,052.42 | 2/1,0,0,0 | 1221/A | 1948/ASR | 1/22/2021 |
| SFR/D | 712 | Calle De Arboles | $1,388,500 | $750.54 | 3/2,0,0,0 | 1850/AP | 1948/ASR | 1/7/2021 |
| SFR/D | 837 | Calle Miramar | $1,610,000 | $861.42 | 3/2,0,0,0 | 1869/A | 1955/ASR | 1/22/2021 |
| SFR/D | 626 | Paseo De La Playa | $1,700,000 | $1,039.12 | 4/2,0,0,0 | 1636/A | 1955/ASR | 1/12/2021 |
| SFR/D | 339 | Via El Chico | $2,248,700 | $690.42 | 3/2,1,0,0 | 3257/T | 1953/ASR | 1/29/2021 |
| SFR/D | 4721 | Highgrove AVE | $1,125,000 | $602.25 | 3/2,1,0,0 | 1868/A | 1953/ASR | 1/15/2021 |
| SFR/D | 5202 | Paseo De Pablo | $1,265,000 | $788.65 | 3/2,0,0,0 | 1604/A | 1956/ASR | 1/25/2021 |
| SFR/D | 5406 | Calle De Ricardo | $1,365,000 | $929.84 | 3/2,0,0,0 | 1468/A | 1956/ASR | 1/5/2021 |
| SFR/D | 4509 | Highgrove AVE | $1,475,000 | $845.27 | 3/1,2,0,0 | 1745/A | 1953/ASR | 1/22/2021 |
| SFR/D | 5313 | Calle De Arboles | $1,560,000 | $1,037.92 | 3/1,1,0,0 | 1503/A | 1955/ASR | 1/8/2021 |