Huge Sale – 417 Paseo De La Playa Sells….At a Discount $17.5M
Originally listed for $26,995,000 back in 2020, this incredible property sells
417 and 421 Paseo De La Playa, Redondo Beach
Sold for $17,500,000
This is, no doubt the big home sale of the month in both the Hollywood Riviera and Redondo Beach. In fact it was the top sale of the month in all of the South Bay and Palos Verdes. It was listed by Josh and Matthew Altman of the TV “Altman Brothers” fame.
It’s clear that they were looking for and hoping a big profit when they listed it for $26,995,000 towards the end of 2022 but ended up selling at a significant loss.
The home(s) had reduced the price a number of times as well as pulling it off and putting it back on….often at a higher price than it had previously been.
The last price when it returned to the market in the spring of 2023 was $18,900,000
This is an impossible to duplicate property on the beachfront/oceanfront street of Paseo Del La Playa in the Hollywood Riviera. The impossible to duplicate combination of oceanfront location, huge 1.4 acre (we don’t generally talk in acres in the South Bay) lot that extends to the sand below and two homes making it a true showcase estate. There’s nothing else like it on the South Bay.
The property actually consisted of 2 distinct homes….the main home with 5 bedrooms and 8 total baths, and the “guest” home with 5 bedrooms and 7 total baths. Both homes are high on the bluff with unbeatable and unblockable ocean, PV and coastline views. The properties have stairs down to the beach below which is also a challenge to duplicate due to very restrictive California Coastal Commision restrictions.
While this was a huge sale and a fantastic purchase, it’s likely the sellers and listing agents were pretty happy to put this in the rear view mirror.
Sold at $17,500,000
The property was actually on the market back in 2020 and 2021 first at $27.0M and then at $23M but never sold. They also tried to sell the properties separately.
417 & 421 Paseo De La Playa details
- 10 total bedrooms – 15 total bathrooms
- Main home 5 bed/8 bath
- “Guest” home has 5 bedrooms/7 baths
- 15,728 total square feet (BTV)
- 417 Paseo De La Playa 10,200 sq feet (buyer to verify)
- 421 Paso De La Playa 5,528 sq feet (buyer to verify)
- 7 car total garage parking
- 62,757 foot lot extending to the beach below
- Listed by Josh Altman & Matthew Altman – Douglas Elliman of California, Inc. – 310-819-3250
417 Paseo De La Playa, Redondo Beach, CA 90277 – Sold for $17,500,000
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