From all of us at Homes In Hollywood Riviera.com, Vista Sotheby’s International Realty and Keith Kyle Homes, we wanted to wish you and yours a very happy Thanksgiving and Thanksgiving weekend. Enjoy!
The newest home to hit the market in the Hollywood Riviera is a 3 bedroom single family home “flip” that offers some fantastic sit down ocean and coastline views.
The home was built in the 40s but recently purchased and fliipped. The home sold back in April for $1,150,000 and now on the market for $1,995,000. We think the home is well priced for the condition and view despite the recent sale price (not sure how the owner purchased for such a low price as $1,150,000 is below land value)
The home has been reimagined with changes and upgrades throughout. New engineered wood flooring ties the space nicely together and gives it great flow. The kitchen and bathrooms have been remodeled with a nice coastal look. Outdoor spaces have also been updated with a great backyard patio and actual yard.
At $1,995,000 we picture this selling quickly and likely for over asking price.
Contact Redondo realtor Keith Kyle with Vista Sotheby’s International to request more info
The top sale of the month in the Hollywood Riviera belonged to a beautifully reimagined single family home on Paseo De La Playa.
The home was not on the oceanfront side which made the sales price of $4,750,000 pretty incredible.
That said the home offered great ocean views and almost 4,000 square feet. The home featured 4 bedrooms, 4 bathrooms and great outdoor spaces.
The home is just a short distance to the beach so location was tough to beat.
The home basically sold off market and was only placed on the MLS to record the sale.
We had mentioned this one a few weeks back as we thought it was a great opportunity. Clearly so did others as the home that was listed at $2,699,000 sold quickly at $3,075,607.
The home was listed by John Briscoe of Re/Max Estate Properties and we thought it was a great opportunity to fix up or build new. Normally homes on the east side of the street don’t have views but this one was very different.
Built in 1955 and pretty much looking like a house built in 1955 it’s all about potential and location.
Although it’s on the east side (not the ocean side) of Paseo De La Playa it sits right at the base so it offers some big views down the coastline and of the ocean.
Although it’s clean and appears to be in good shape, the home is definitely either a big remodel project or the site of future new construction.
For the 2nd month in a row the big story was a HUGE sale of an oceanfront property on Paseo De La Playa. Last month it was a big sale at 511 Paseo De La Playa at $8,000,000 and this month it was a top sale of $17,500,000. Here’s a quick rundown of the numbers and the market:
The median “list” price was $1,599,000 with the average sold price at $1,630,000 so homes continue to sell above the listing price in most cases. We normally talk about the average prices but the sale at 417 Paseo De La Playa skewed the numbers dramatically. So much for interest rates slowing the market.
The median price per foot was $1,092 and median days on market was a borderline ridiculous 15 days before going into escrow.
| Prop Type | Address | Price | Bed/Bath | Sq Feet | Age | |
| TWNHS/A | 420 | Palos Verdes BLVD | $1,350,000 | 3/2,0,1,0 | 1600/A | 1978/ASR |
| SFR/D | 436 | Via Mesa Grande | $1,600,000 | 3/1,1,0,0 | 1364/A | 1954/ASR |
| SFR/D | 414 | Paseo De La Playa | $3,075,607 | 3/2,0,0,0 | 1529/A | 1955/PUB |
| SFR/D | 123 | Calle De Andalucia | $3,650,000 | 5/3,1,0,0 | 3342/A | 2021/SEE |
| SFR | 417 | Paseo De La Playa | $17,500,000 | 10/10,0,5,0 | 15728/A | 2005/ASR |
| SFR/D | 4503 | Vista Largo | $1,620,000 | 4/2,0,0,0 | 1936/OTH | 1958/ASR |
| SFR/D | 4522 | Paseo De Las Tortugas | $1,630,000 | 3/1,1,0,0 | 1818/A | 1956/ASR |
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.
The newest home to hit the market in the Hollywood Riviera is a 4 bedroom single family home with some big ocean views.
Located on the lower Riviera (oceanside of PV Drive) this home offers some large interior spaces along with some great exterior areas. Given the big ocean views from both levels you may be spending a lot of time outdoors enjoying the location.
The home was originally built in 1955 but has clearly been expanded and remodeled with new floors, updated and upgraded kitchen and more.
