One of the more significant sales in the South Bay was the recent sale of an oceanfront home in the Hollywood Riviera that has been on and
off the market for years. 425 Paseo De La Playa was an “estate” style property from the gated entrance, long driveway, outbuildings and more. It was also a bit of a fixer as some of the projects and updates hadn’t been completed. 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.
View the MLS listing details below.
Home Info
- 3 bedrooms
- 4 bathrooms
- 2,776 square feet (BTV)
- 28,163 foot oceanfront lot
- Beautifully remodeled
- Originally listed at $12,000,000 in 2020
- Sold at $6,900,000 on November 11, 2021
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
This may be the nicest condo we’ve seen in the community and we’ve been selling homes in there for a long time. It appears that just about every surface has been updated and upgraded and it’s absolutely stunning. The price is going to be one to watch as they have it slated to hit the market at a pretty stunning $960,000. The last three of this floorplan sold for $852,000, $820,000 and $830,000. This one really is special but that price will be a milestone to say the least. We’ll have to wait and see what happens.
