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Largest Manhattan & Hermosa Sales of 2018

by Dan O'Connor

Biggest Sales in Manhattan and Hermosa in 2018

 

The Biggest Sale of 2018 in MB: 1204 The Strand

This was a 3 year old house custom built for the owner. It was designed by KAA and built by Baldwin Construction. It was listed at $17,400,000 and sold in 9 days at full price. This house is 5,372 sq ft. It’s very close to downtown and has a great view of the ocean and especially Manhattan pier. The only negative I could see was that it sat right over the parking lot at the pier, but clearly that did not effect the sale. I thought it was priced correctly for what it was, and clearly so did the buyer since he came in the first week and bought it for full price. This seller unlike so many others priced it right. Others have tried for much higher numbers when their house was not worth it, and then it ends up sitting on the market forever and never selling or selling for a lot less than if they priced it right to begin with.

 

 

The Biggest Sale of 2018 in HB: 3330 The Strand

This is a totally remodeled house in the very North part of the Hermosa Strand. This house was taken down to the studs and remodeled instead of completely torn down to preserve its legal non conforming height and setbacks. This house is 3,150 sq ft and is beautifully appointed. It was listed at 10.8M and sold for 10.5M.

 

Pending in 2019

2019 is going to set a new high watermark for sold prices in Hermosa Beach when this house at 2906 Tennyson closes. It’s currently in escrow and is set to close soon. This was a custom house designed by Louie Tomaro at the top of the Hermosa Beach Hill section. The views from this property are gigantic and the size of the lot and the house make this property very special.