Oceanfront Home at 505 Paseo De La Playa Bounces Between On Market and Off Market

Oceanfront Home Above Torrance Beach in the Hollywood Rivera

We recently posted that 505 Paseo De La Playa, a single family oceanfront home on the bluffs above Torrance Beach was back on the market.  Now it’s back off of the market so we’ll keep our eye on this one.

After being pulled of of the market for a short period of time, the oceanfront home at 505 Paseo De La Playa was briefly back on the market and avilable priced at $5,500,000. As with many of the sales on Paseo De La Playa it’s an older home in fairly original condition but it’s tough to beat the location. It offers 4 bedrooms, 3 baths and almost 3,200 square feet on an expansive 26,985 square foot lot (BTV) that stretches all the way to the beach.

505 Paseo De La Playa in the Hollywood Riviera

Listing courtesy of Dan Mullin – RE/MAX Estate Properties

August Home Sales and Property Prices in the Hollywood Riviera

August was another good month for real estate in the Hollywood Riviera.  There were 21 homes that sold during the month which was a big number.  Prices were equally impressive with the median “list” price at $1,540,000 and the median “sold” price at $1,510,000 indicating the continued “seller’s” market. The average price per foot was $769 with the average days on market at 46 but the median at a very brief 14.

View all of the current homes for sale in the Hollywood Riviera

August 2020 Home Sales and Prices in the Hollywood Riviera

Type
Address
Price
$ Per Sq Ft
Bed/Bath
Sq Feet
Year Built
Sold Date
CONDO/A
639
Paseo De La Playa    #204
$899,000
$654.29
2/2,0,0,0
1374/A
1962/ASR
8/21/2020
TWNHS/A
407
Camino De Las Colinas   
$1,050,000
$670.50
3/1,1,1,0
1566/A
1978/ASR
8/13/2020
SFR/D
412
Calle De Aragon   
$1,100,000
$900.90
2/1,0,0,0
1221/A
1948/APP
8/7/2020
TWNHS/A
404
Palos Verdes BLVD  
$1,195,000
$634.29
3/1,1,1,0
1884/A
1978/ASR
8/31/2020
SFR/D
825
Calle De Arboles   
$1,370,000
$964.79
3/2,0,0,0
1420/E
1948/ASR
8/28/2020
SFR/D
344
Paseo De Gracia   
$1,500,000
$646.83
4/1,2,0,0
2319/A
1951/ASR
8/13/2020
SFR/D
519
Via Monte Doro   
$1,520,000
$918.98
3/1,1,0,0
1654/A
1955/ASR
8/7/2020
SFR/D
338
Avenida Atezada   
$1,700,000
$789.23
4/2,1,0,0
2154/A
1957/ASR
8/31/2020
SFR/D
309
Via Anita   
$1,775,000
$1,122.71
3/2,0,0,0
1581/AP
1954/ASR
8/20/2020
SFR/D
360
Via Colusa   
$1,775,000
$702.14
3/2,0,1,0
2528/A
1948/ASR
8/10/2020
SFR/D
803
Calle De Arboles   
$1,999,999
$606.98
4/2,1,0,0
3295/A
1990/ASR
8/14/2020
SFR/D
536
Paseo De La Playa   
$2,175,000
$864.81
3/3,0,1,0
2515/A
1955/ASR
8/21/2020
SFR/D
635
Calle De Arboles   
$2,199,900
$706.00
5/4,0,1,0
3116/A
2006/ASR
8/21/2020
SFR/D
436
Via El Chico   
$2,287,000
$757.54
5/5,0,0,0
3019/S
1973/ASR
8/20/2020
SFR/D
5002
Newton ST  
$894,000
$756.99
3/1,0,1,0
1181/A
1954/ASR
8/13/2020
SFR/D
4503
Vista Largo   
$1,275,000
$658.57
4/2,0,0,0
1936/A
1958/ASR
8/31/2020
SFR/D
4305
Vista Largo   
$1,300,000
$611.48
4/1,1,1,0
2126/A
1965/ASR
8/28/2020
SFR/D
4805
Paseo De Las Tortugas   
$1,480,000
$793.99
3/1,1,0,0
1864/A
1956/ASR
8/11/2020
SFR/D
23920
Janet LN  
$1,510,000
$702.98
4/1,1,1,0
2148/D
2019/BLD
8/14/2020
SFR/D
406
Camino De Encanto   
$1,590,000
$1,111.89
4/1,1,0,0
1430/A
1955/ASR
8/3/2020
SFR/D
24855
Via Valmonte   
$1,999,000
$586.56
5/2,0,1,0
3408/E
1970/PUB
8/3/2020

Featured Listing – Coastal Charm at 977 Calle Miramar in the Hollywood Riviera

977 Calle Miramar - $1,375,000

Welcome to this ultra charming single level home in the beautiful Hollywood Riviera. Meticulously maintained with a bright and open
floorplan the home offers all of it’s original charm while offering upgrades throughout. Located in the heart of the Riviera on a beautiful tree lined street, 977 Calle Miramar offers peek a boo ocean and queens necklace views. The curb appeal is fantastic with grassy front yard hedged in with roses and charming ocean view front porch harkening back to simpler times. Head inside to the bright living room featuring oversized windows for incredible light, breezes and ocean views down the street.

The living room is something straight out of Coastal Living magazine with hardwood floors, beach tones, beautiful built ins all centered around the cozy fireplace. Spacious dining area just beyone leads to the charming kitchen with built in desk ideal for a homework or home office space. 3 spacious bedroom each have their own unique look and feel. Front bedrom offers bay windows and hardwood floors….middle bedroom with direct access to the yard and incredible stone fireplace, rear bedroom offers a roomy layout and overlooks the backyard.

     

The recent addition of central A/C makes all the difference on hot summer days. Head through the sliders or laundry room to the incredible grassy fenced in backyard with plenty of room for everything out in the sunshine. Rear patio is the perfect entertaining spot. 2 car garage and massive driveway allows for plenty of parking. All of this in the award winning Torrance School District and very close to the shopping and dining area of Riviera Village.

977 Calle Miramar – $1,375,000

June Home Sales and House Prices in the Hollywood Riviera

June 2020 Hollywood Riviera Home Sales and House Prices

June was another slower month for home sales in the community of Hollywood Riviera with only 6 closed sales during the month which was about average for 2020 but quite a bit lower than most months in 2019.  Prices were impressive with the median “list” price of $1,795,000 and a median “sold” price of $1,755,000. The average price per foot was $890.87 and the average days on market was 66.   The highest priced sale of the month was an oceanfront home on the bluff at 529 Paseo De La Playa which sold for $5,650,000.

June Home sales

 

MLS #Type AddresPrice$ Per FootBed/BathSq FeetYear
PV20003066SFR/D309Calle De Andalucia   $1,950,000$584.534/2,3,1,03336/A2006/OTH
SB20091568SFR/D341Calle Mayor   $2,351,000$867.214/2,0,1,02711/D1952/ASR
SB20112988SFR/D529Paseo De La Playa   $5,650,000$1,777.294/2,1,0,03179/A1962/PUB
PV20056037SFR/D4902Newton ST  $1,310,000$792.983/1,2,0,01652/S1954/ASR
SB20076571SFR/D4729Paseo de las Tortugas   $1,335,000$832.813/2,0,0,01603/A1956/ASR
PV20011613SFR/D24002Janet LN  $1,560,000$490.415/1,2,1,03181/D2016/SLR

Current SFR Median Home Price in the Hollywood Riviera is Whopping $2,235,000

Record breaking home prices in the hollywood Riviera

The Hollywood Riviera is one of the great neighborhoods of the South Bay and values have skyrocketed over the past 10 years.  Having said that the current median price of $2,235,000 is truly unbelievable and rivals some of it’s more expensive neighbors of Hermosa Beach and Manhattan Beach.  Granted there are 2 oceanfront homes on the market, one at 505 Paseo De La Playa listed at $5,500,000 and another at $12,000,000 at 425 Paseo De La Playa but the median price and average list price of $3,787,679 are just staggering.

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Homes in Hollywood Riviera. All rights reserved. Information deemed reliable but not guaranteed