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
Beach is a vintage original beach bungalow built in 1938. It’s very likely that this one get’s torn down and replaced with a modern luxury home but we’re always suckers for these original and classic beach homes. The current property offers 3 bedrooms, 2 baths and 1984 square feet and is priced at $6,499,000.
you’re looking for. 2804 is a beachfront single family home with a pretty spectactular guest studio over the garage. This beachfront home offers a bit of a pacific rim flair with mahogany accents and a more exotic look than some surrounding properties. The home offers just under 3,500 square feet (BTV) with the current configuration being 2 bedrooms plus office as well as a pretty impressive guest suite over the garage with a huge oceanview deck.
is that inventory just keeps going down. July of 2020 saw 134 active homes for sale while July 2021 only offered 64 and that dropped even further in August. 
Manhattan Beach with an impressive 55 on market home sales. The average list price was $2,963,145 with the average “sold” price of $2,981,462. Homes averaged only 39 days on market before going into escrow and the average price per foot was an impressive $1,314. The top on market sale of the month (there was an off market sale slightly higher) was for a walkstreet home at 316 20th Street that sold for $7,000,000. Of the 55 homes that sold the breakdown was: