Oceanfront Home at 517 Paseo De La Playa Sells for $7,050,000

517 Paseo De La Playa, Redondo Beach

oceanfront home the top sale of the Month in Redondo Beach

sold for $7,050,000

Without question, Paseo De La Playa is one of our favorite streets in all of the South Bay and Southern California.  The homes on the west side of the street have unblocked panoramic views from Palos Verdes to Malibu.   The lots are huge…..extending all the way to the beach.  The homes have privacy that’s impossible along the Esplanade or the Strand in Hermosa and Manhattan and its not nearly as far out as some of the oceanfront homes in Palos Verdes. Listed by Christina Schlank of Vista Sotheby’s 517 Paseo De La Playa was one of the best homes on the best street.  Incredible indoor and outdoor spaces in a luxurious but casual beach home.  Views were endless. This home was built in 1962 but underwent an almost total remodel in 2010 and still looks and feels lke a new home. The home last sold for $5,920,000 in 2017. The previous owner had been Larry Miller of Sit and Sleep and “your mattress is freeeeee!” fame.

Listing Details

  • 5 bedrooms
  • 4 bathrooms
  • 3.058 square feet
  • 22,289 sq foot lot oceanfront lot extending to the beach
  • Built in 1952 extensively remodeled in 2010
  • Listed by Christina Schlank – Vista Sotheby’s International Realty -310-977-5074
  • Listed at $6,750,000 and sold at $7,050,000
Contact Hollywood Riviera real estate specialist Keith Kyle with Vista Sotheby’s International to sign up for free listing alerts when similar homees hit the market.

517 Paseo De La Playa –  Sold at $7,050,000

June 2022 Home Sales in the Hollywood Riviera

June 2022 home sales and prices in the hollywood riviera

Take a look below at the homes that sold in the Hollywood Riviera during the month of June 2022.

The activity level was pretty typical with 10 homes closing escrow compared with 9 in May.

The average “list” price was fairly incredible at $2,417,000 with the average sold price at $2,435,700 meaning that, in general, homes sold WAY above the original list price.

The average price per foot was $1133 and average days on market was a very brief 16 days before going into pending status.

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

The top sale of the month was an incredible oceanfront home at 517 Paseo De La Playa that closed at an amazing $7,050,000.

May 2022 Hollywood Riviera Home Sales and Prices

Home Type AddressPrice$ Per FootBed/BathSq FeetYear Built
SFR/D220Via Alameda$1,200,000$9542/1,0,0,01258/A1948/ASR
TWNHS/A430 1/2Palos Verdes Blvd$1,490,000$7913/1,1,1,01884/A1978/ASR
SFR/D225Calle de Madrid$1,698,000$1,3443/1,1,0,01263/E1948/ASR
SFR/D130Paseo De Gracia$2,208,000$1,2693/0,2,0,01740/A1952/ASR
TWNHS/A1903Camino De La Costa #B$3,150,000$1,0504/3,0,1,03000/E2021/BLD
SFR/D517Paseo De La Playa$7,050,000$2,3055/4,0,0,03058/A1962/ASR
SFR/D5331Calle Mayor$1,405,000$9203/1,0,1,01528/T1954/ASR
SFR/D4225Paseo De Las Tortugas$1,676,000$1,0463/1,1,0,01603/A1956/ASR
SFR/D349Avenida Atezada$2,180,000$7664/2,0,1,02845/A1954/ASR
SFR/D642Via Los Miradores$2,300,000$8954/1,1,0,02571/A1954/ASR

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Hollywood Riviera Market Report – May 2022 Home Prices

Take a look below at the homes that sold in the Hollywood Riviera during the month of May 2022.

The activity level was a bit slower with 9 homes closing escrow compared with 13 in April.

The average “list” price was fairly incredible at $2,081,111 with the average sold price at $2,219,064 meaning that, in general, homes sold WAY above the original list price.

The average price per foot was $1206 and median days on market was a very brief 8 days before going into pending status.  The average days on market was 14.  See how this compares to other months on our Hollywood Riviera real estate trends and statistics page.

The top sale of the month was a single family home in the gated Riviera Beach Colony at 411 Paseo Miramar that closed at $3.1M.

May 2022 Hollywood Riviera Home Sales and Prices

Type Address Price $ Per Sq Ft Bed/Bath Sq Feet Year
SFR/D 103 Via La Soledad $2,150,000 $1,372.05 4/2,0,0,0 1567/AP 1954/ASR
SFR/D 424 Paseo De Las Estrellas $2,210,000 $1,391.69 3/2,0,0,0 1588/A 1954/ASR
SFR/D 413 Avenida De Jose $2,360,000 $1,187.12 3/1,1,0,1 1988/A 1954/ASR
SFR/D 312 Camino De Las Colinas $2,700,000 $1,438.47 3/1,1,0,0 1877/A 1952/ASR
SFR/D 411 Paseo Miramar $3,100,000 $989.15 4/4,0,0,0 3134/E 1999/EST
SFR/D 4920 Pacific Coast $1,275,000 $811.07 4/2,0,1,0 1572/A 1953/ASR
SFR/D 5143 Newton ST $1,410,000 $1,151.02 3/1,0,1,0 1225/A 1954/ASR
SFR/D 5413 Paseo De Pablo $2,236,575 $1,394.37 4/1,1,0,0 1604/A 1956/ASR
SFR/D 4602 Paseo de Las Tortugas $2,530,000 $1,120.46 5/3,0,0,0 2258/P 1956/PUB

417 Paseo De La Playa – Oceanfront Estate Back on the Market at $25M

417 and 421 Paseo De La Playa, Redondo Beach

2 oceanfront homes offer unique oceanfront legacy estate

We’ve talked a lot about this property in the past as it was actually the all time sales record when it sold a few years back at $22,650,000 in early 2018.

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 consists 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.

Listed at $24,995,000

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.

View all of the Hollywood Riviera homes currently for sale

417 & 421 Paseo De La Play 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 Joshua Altman & Matthew J. Altman – Douglas Elliman of California, Inc. – 310-819-3250

Contact Redondo Beach and Hollywood Riviera real estate specialist Keith Kyle with Vista Sotheby’s International for more information.

417 Paseo De La Playa, Redondo Beach, CA 90277 – Listed for $24,995,000

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