See the Hollywood Riviera Homes that Sold in November

It was another solid month for real estate in the Hollywood Riviera both in terms of the number of homes that closed escrow as well as the prices.  November 2021 had 12 on market home, condo and townhome sales closing during the month.  The average “list” price of the homes that closed escrow during the month was $2,614,333 with the average “sold” price at $2,211,313*(see below).  Homes averaged 70 days on the market before going into escrow with a median DOM of only 12 days.   The average price per foot of the hmomes that sod was $990.

*The numbers this month were very skewed by the sale of 425 Paseo De La Playa.  The home sold for $6,900,000 but was listed at $12,000,000 so dramatically impacted the % of list price v sold price as well as days on market as it had been on the market for 667 days.  See how this one home impacted the numbers

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

Search the current homes for sale in the Hollywood Riviera

Hollywood Riviera Home Sales and Prices for November 2021

Type Address Price $ Per Foot Bed/Bath Sq Feet Year Sold Date
CONDO/A 201 Calle Miramar #16 $820,000 $891.30 1/1,0,0,0 920/A 1962/ASR 11/19/2021
TWNHS/A 64 Palos Verdes BLVD $1,075,000 $671.88 2/2,0,1,0 1600/A 2006/ASR 11/3/2021
SFR/D 142 Via Alameda $2,250,000 $1,111.11 3/2,0,1,0 2025/A 1948/ASR 11/19/2021
SFR/D 444 Calle De Castellana $2,400,000 $801.34 4/4,0,0,0 2995/A 1952/APP 11/3/2021
SFR/D 232 Via Los Miradores $2,650,000 $1,280.19 3/1,2,1,0 2070/B 1953/ASR 11/29/2021
SFR/D 425 Paseo De La Playa $6,900,000 $2,485.59 3/4,0,0,0 2776/A 1972/ASR 11/10/2021
SFR/D 4106 Via Lado $1,210,000 $798.15 3/2,0,0,0 1516/A 1958/PUB 11/12/2021
SFR/D 24859 Via Valmonte $1,320,000 $750.00 3/2,0,0,0 1760/A 1968/PUB 11/23/2021
SFR 5001 Paseo De Las Tortugas $1,855,750 $593.65 4/4,0,0,0 3126/AP 1956/ASR 11/18/2021
SFR/D 4508 Newton ST $1,960,000 $996.95 3/2,0,0,0 1966/A 1954/ASR 11/22/2021
SFR/D 4117 Paseo De Las Tortugas $2,000,000 $902.12 3/1,1,1,0 2217/A 1968/ASR 11/10/2021
SFR/D 4222 Paseo De Las Tortugas $2,095,000 $607.25 4/2,1,0,0 3450/S 1991/SLR 11/19/2021

Why You Can’t Always Trust the Numbers – See How One Sale Impacted the Market

We recently posted about the home prices for November in the Hollywood Riviera.  Two key metrics we’ve been following is whether homes are selling for under or over the list prices and also how long homes are sitting on the market.

Decisions can be made from these numbers….what’s the market doing, where’s it heading….is it a buyer’s market or seller’s market?

Sometimes one or two sales in a month can dramatically skew these number’s however, and don’t paint an accurate picture of market conditions.

The Hollywood Riviera in November was a perfect example.  Unlike recent months the average “sold” prices were actually lower than the “list” price.  Average days on market was also 70 for the homes that sold which is well higher than previous months.  Both potentially indicate that the market may be slowing.

The reality, however, is that one sale completely changed the numbers.  The oceanfront home at 425 Paseo De La Playa finally sold after 667 days on the market.  The home was listed at $12,000,000 and closed at $6,900,000.

So overall for November the average “list” price was $2,614,333 with the average “sold” price at $2,211,313. That’s a big change from the past 6 months which generally saw homes selling for more than the asking price every month.

If you eliminate that one sale it changes the outlook considerably. For the other 11 home sales of the month the average “list” price was $1,761,091 with the average “sold” price at $1,785,068 meaning homes sold well over list price.

Eliminate the one sale and average goes from 70 to only 15 days on market. For those looking at the overall numbers they might have been hoping the market was shifting to benefit buyers but unfortunately the reality is a bit different and sometimes you need to dig a bit deeper to see what is really happening in your real estate market.

One Paseo De La Playa Home Sold……Another Oceanfront Home Still Sits on the Market

433 Paseo De La Playa, Hollywood Riviera

Currently priced at $14,500,000

While we just recently announced the sale of the beachfront home at 425 Paseo De La Playa at $6,900,000, there is a neighboring home that’s stilll for sale and actually has been on the market even longer.  433 Paseo De La Playa is a gated estate type property that is impossible to replicate given the lot size and location.  This is a massive 7,792 square foot palacial estate with 7 bedrooms and 7 baths.  Some of the highlights include oceanfront pool and spa, sport court, theatre, pool room and 4 car garage.  The home has actually been on and off the market dating all the way back to 2014.  From what we can tell it’s been pulled off and relisted more than 6 times and the price has gone from $16,000,000 to the current $14,500,000 over that time. 

The challenge is that as magnificent as the home is, it’s very ornate and formal which doesn’t fit with the location and therefore would need signficant work and updating for most modern coastal buyers taste.  At $14,500, it’s going to continue to be a challenge but the high end beach market has certainly picked up steam as noted by some significant sales on the Manhattan and Hermosa Beach Strand.

Home and Property Info

    • 7 bedrooms
    • 7 bathrooms
    • 7,792 square feet (BTV)
    • 26,580 oceanfront lot
    • Priced at $14,500,000

Contact Hollywood Rivera real estate specialist Keith Kyle with Vista Sotheby’s International for more information

433 Paseo De La Playa, Redondo Beach – Listed for $14,500,000


Listing courtesy of Mark Dessy – Premier Property Solutions 310-378-0488

425 Paseo De La Playa Redondo Beach

After 667 DOM Oceanfront Home at 425 Paseo De La Playa Sells

425 Paseo De La Paya - List Price $12,000,000 - Sales Price $6,900,000

The big news in the Hollywood Riviera is the sale of the oceanfront estate located at 425 Paseo De La Playa. 

It was a very interesting home as the location was unbelievable and it was a true “estate” style property from the gated entrance, long driveway, outbuildings and more.  It was also a bit of a project home. 

The home was originally listed in 2019 for $10,000,000, pulled off of the market and brought back out in 2020 for an increased price (?) of $12,000,000.  The lot is unbelivable and extended all the way down to the sand.  Unlike beachfront homes on the Strand in Manhattan Beach and Hermosa, the homes along Paseo De La Playa offer a great sense of privacy and as there’s no close access to the beach, other than from the homes, it’s almost a private beach below.

425 Paseo De La Playa Redondo Beach

View the MLS listing details below.

Home Info

    • 3 bedrooms
    • 4 bathrooms
    • 2,776 square feet (BTV)
    • 28,163 foot oceanfront lot
    • Beatifully remodeled
    • Originally listed at $12,000,000 in 2020
    • Sold  at $6,900,000 on 11/11/21

Contact Redondo Beach estate specialist Keith Kyle with Vista Sotheby’s International for more information

425 Paseo De La Playa, Redondo Beach – Sold for $6,900,000


Listing courtesy of John Tran & Martin Le – NextGen Team Realty 657-208-3070

Cote D'Azur oceanfront condos

Oceanview Condo at Cote D’Azur in the Hollywood Riviera

If you’re looking for something that’s nicely remodeled, low maintenance and close to the beach, the latest listing at Cote D’Azur might be a good fit. The location at 639 Paseo De La Playa is impressive as Cote D’Azur is a oceanfront complex just before you enter into Palos Verdes. The complex is a bit older but the unit has been nicely redone. The 2 bed 2 bath single level condo offers a bit under 1,400 square feet and some ocean views.

649 Paseo De La Playa – Priced at $1,300,000


Listing courtesy of Shane Proffitt -Re/Max Estate Properties

417 Paseo De La Playa Redondo Beach

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

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