Take a look for some basic information on the capital gains tax that homeowner can claim when selling their primary residence in the Hollywood Riviera or surrounding area?. If you’ve resided in your home for 2 of the past 5 years you can exclude up to $500,000 (for married couple….single person can exclude up to $250,000 of capital gains when you sell. Even better this can be done more than once! Click to learn more.
Take a look at all of the homes, condos and townhomes that sold in the Hollywood Riviera during the month of March. It was a huge month both in terms of the number of homes that closed escrow but the home prices as well. Take a look at our Hollywood Riviera trends and statistics page to see how this compares with other months.
March 2021 Hollywood Riviera Home Sales and Prices
|MLS #||Prop Type||Address||Sold Price||$ Per Foot||Bed/Bath||Sq feet||Year||Sold Date|
|SB21016621||TWNHS/A||157||Paseo De La Concha #3||$925,000||$886.02||2/2,0,1,0||1044/A||1977/ASR||3/23/2021|
|PV21050116||CONDO/A||645||Paseo De La Playa #101||$970,000||$707.51||2/2,0,0,0||1371/A||1962/OTH||3/18/2021|
|PV21012448||SFR/D||105||Via Los Altos||$1,475,000||$976.82||3/2,0,0,0||1510/A||1953/ASR||3/9/2021|
|SB21022159||SFR/D||225||Via La Circula||$1,490,000||$881.14||3/2,0,0,0||1691/A||1950/ASR||3/15/2021|
|PV21038105||SFR/D||301||Via Linda Vista||$1,550,000||$1,269.45||2/1,0,1,0||1221/A||1951/ASR||3/30/2021|
|SB21023329||SFR/D||237||Via Los Miradores||$2,000,000||$752.16||5/3,0,1,0||2659/A||1953/ASR||3/25/2021|
|PV21057555||SFR/D||208||Via Buena Ventura||$2,730,000||$691.14||5/2,3,1,0||3950/B||2021/BLD||3/18/2021|
WElcome to this Historic Estate in the Hollywood Riviera - $8,995,000
We saw this home on the market last year but it’s back and beautiful. This is a remarkable home and one of the most historically significant in the Hollywood Riviera. It was built in 1928 by Clifford Reid, the creator and developer of the Hollywood Rivera. He was enamored with the French and Italian Riviera and felt that the area had the same look and feel. The first house built was his own estate which is the very same home as the one currently on the market. The house is unlike anything in the area and as it was a true work of art. The home sits on three lots making for a spacious estate with incredible outdoor areas. Over the years it was lovingly restored and masterfully recreated combining old world craftsmanship with todays modern features.
The home is actually up for auction and you can contact us or your reatlor for more information.
124 Via Monte Doro, Redondo Beach CA
Listing Courtesy of Edward Kaminsky – Strand Hill Christies International Real Estate
It was a slow but solid month for home sales in the Hollywood Riviera with only 7 homes sold during the shortened month. While the number of home sales was low the prices were not. The median “list” price was $1,450,000 with the median “sold” price at an impressive $1,549,000. The median price per foot for the month was $898. See how this compared with other months on our Hollywood Riviera trends and statistics page.
February 2021 Home Sales and House Prices in the Hollywood Riviera
|MLS #||Type||Address||Price||$ Per Foot||Bed/Bath||Sq Feet||Year||Sold Date|
|PV20123734||TWNHS/A||6152||Pacific Coast Hwy||$935,000||$832||2/2,0,1,0||1124/B||2020/BLD||2/1/2021|
|PV20219872||SFR/D||156||Paseo De Gracia||$1,549,000||$813||2/2,0,0,0||1905/A||1948/ASR||2/11/2021|
|PV20264735||SFR/D||442||Calle De Aragon||$1,650,000||$1,007||3/2,0,0,0||1638/A||1948/ASR||2/19/2021|
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.
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
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.
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 – Priced at $5,650,000
Listing courtesy of Dan Mullin – RE/MAX Estate Properties