The top four sales in South Bay for 2018 were all fascinating properties, and surprisingly not all of them were ocean-front, as you will see below, however all were over $15,000,000. Notably, in the past three years there have been eight sales over $15,000,000 in South Bay. All but two (which debuted in 2018) were located in Manhattan Beach. Five of these eight sales were Strand-located properties. A sixth was located in the Hill Section. The other two were located in Redondo Beach and Rolling Hills. And all sales closed in 2017 or 2018.
#1: 417 PASEO DE LA PLAYA, REDONDO BEACH
$22,650,000 | 7 BEDS | 10 BATHS
10,200 SQ. FT. | 62,800 SQ. FT. LOT | $2220 PRICE/SQ. FT.
144 DAYS ON MARKET | CLOSED 2/27/18 | ORIGINAL OFFERING PRICE $25,000,000
With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay. Some of the features include Geothermal heating and cooling, Crestron Home Automation System, Lutron lighting system, movie theater, home gym, wine cellar, elevator, pizza oven, back-up generator, closed circuit cameras, one 4-car garage, one 3-car garage, and much more. This spectacular property offers direct beach access, mesmerizing views, and perhaps most important… privacy. Located just 9 miles from LAX, this is a one of kind, legacy type property, not likely to be replicated in the South Bay.
#2: 1 BUGGY WHIP DRIVE, ROLLING HILLS
$22,400,000 | 9 BEDS | 25 BATHS
51,000 SQ. FT. | 322,344 SQ. FT. LOT | $438 PRICE/SQ. FT.
171 DAYS ON MARKET | CLOSED 10/30/18 | ORIGINAL OFFERING PRICE $40,000,000
AUCTION WITHOUT RESERVE, JULY 26TH, 2018. Hacienda de la Paz, a millennium of art, architecture & engineering under one roof. Positioned on 7.4 acres, the Spanish estate designed by legendary architect Rafael Martos took 17 years to build and is the 36th largest residence built in the U.S. Perched 1100 ft. above LA on the Palos Verdes Peninsula in the guard-gated city of Rolling Hills; one of the safest & wealthiest cities in America. 180-degree panoramic views encompass the Pacific Ocean, beaches, downtown & the San Gabriel Mountains. Resort amenities include a 10,000-sq. ft. hamam spa, 15,000 sq. ft. grand ballroom (can accommodate a basketball court, indoor horse arena or car showroom), 2 tennis courts; indoor & outdoor, 2 swimming pools; indoor & outdoor, direct access to horse stables, arenas & 57 miles of equestrian trails, guesthouse, bocce court, gym, yoga room, wine cellar, catering kitchens, geothermal heating/cooling, heated floors, elevators, 6 car garage and motor court.
#3: 1204 THE STRAND, MANHATTAN BEACH
$17,400,000 | 4 BEDS | 5 BATHS
5,372 SQ. FT. | 3,318 SQ. FT. LOT | $3,239 PRICE/SQ. FT.
9 DAYS ON MARKET | CLOSED 9/19/18 | ORIGINAL OFFERING PRICE $17,400,000
Modern luxury meets exquisite architecture at the South Bay’s most coveted address: The Strand. This 3 story oceanfront retreat is enveloped by floor-to-ceiling glass windows welcoming panoramic ocean vistas from PV to Malibu. Perhaps most endearing is the home’s prominent placement, steps away from the celebrated restaurants, shops & iconic pier of downtown Manhattan Beach. Designed by KAA Design Group & custom built by Baldwin Construction, this heirloom home is lain with warm walnut hardwood floors & contemporary mahogany accents. Every detail hand-selected, this elevator-served residence features pressed recycled glass countertops, 9’ ceilings & a Savant Smart House System. The 1st floor is an entertainer’s dream, featuring an outdoor room with built-in BBQ. Inside enjoy the entertaining area, kitchenette & a beach bath that leads to an outdoor shower & surfboard storage. Also find 2 guest bedrooms, one with ensuite bath, laundry room & additional room ideal as a media, craft or playroom. Travel up the modern cable staircase to the main floor, accessed by 3 car garage or entry courtyard. The gourmet kitchen with a grand island & Miele stainless steel appliances, opens to a comfortable dining area & spacious great room. On the top floor lies the vast master retreat accompanied by a private outdoor deck, office, spa-inspired bathroom & dual walk-in closets. Adjacent to the master suite resides an exercise room, 2nd laundry room & guest bedroom with ensuite bath.
#4: 108 THE STRAND, MANHATTAN BEACH
$15,250,000 | 5 BEDS | 8 BATHS
6,910 SQ. FT. | 3,333 SQ. FT. LOT | $2,207 PRICE/SQ. FT.
2.5+ YEARS ON MARKET | CLOSED 12/20/18 | ORIGINAL OFFERING PRICE $19,985,000
An architectural tour-de-force setting the standard for modern beachside elegance. Located on the famed Strand, this bold & innovative Louie Tomaro designed trophy property features sleek details perfectly complemented by impeccable finishes and high quality craftsmanship. Highlighting true indoor and outdoor living, this 5BD & 8BA compound, set over 6,500 SQFT of glass and steel, is truly in a league of its own. A dramatic 3 level floating glass staircase intertwines the lines of custom pocketing Fleetwood doors that command the entire beach-side of the home, bringing the ocean into every room. Entertain and enjoy with unparalleled amenities. Two kitchens (including a Strand level party kitchen), 3 outdoor fireplaces, high end screening room, Zen inspired yoga studio and professional gym. Equipped with full service elevator and 5 car vaulted lift garage.
All photos and property descriptions courtesy of MLS.