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1000 The Strand, Manhattan Beach, California 90266, Manhattan Beach, 90266 - bed, bath

1000 The Strand, Manhattan Beach, California 90266 home-pic-0
ACTIVE$24,900,000
1000 The Strand, Manhattan Beach, California 90266
0Bed
0Bath
5,967Sqft
4,979Lot
Year Built
1922
Close
-
List price
$24.9M
Original List price
$30M
Price/Sqft
$4,173
HOA
-
Days on market
-
Sold On
-
MLS number
SB23198422
Home ConditionExcellent
Features
Excellent View:
Deck
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $24.90M(91th), sqft - 5967(91th), beds - undefined(50th), baths - undefined(50th).

Unique, Special, Exceptional, Irreplaceable, One of a Kind! Do not miss your opportunity to own one of the most coveted properties in Manhattan Beach. Rarely do you find a home with so much character and original charm. Recently remodeled, this elegant, and iconic, estate is perfectly perched on a 4979sq ft (1 1/2 lots) South Facing Corner lot. One of the main advantages of a South Facing corner lot is the amount of sunlight you’ll enjoy. As the sun rises in the east, and sets in the west, the south side of any house will see the most hours of sunlight during the day. This exquisite property has four units and a total of 5,967sq ft of living space. It lives like a 3559sq ft 5 bedroom/ 4.5 bath Ocean Front "Main House" (included in this sq ft and bd/bth count is an attached 1024sq ft one bedroom in-law suite with full kitchen and separate entrance) and two 1204 sq ft two bedroom rear "townhouse style" guest homes. Because this home is elevated, it is very private and boasts some of the best ocean views in the Southbay. If all that were not enough, you have a large grassy yard and one of the largest entertaining decks you will ever see! Better hurry, this gorgeous masterpiece will not last.

Nearby schools

9/10
Opal Robinson Elementary School
Public,•K-5•0.5mi
9/10
Grand View Elementary School
Public,•K-5•0.7mi
10/10
Hermosa View Elementary School
Public,•K-3•1.5mi
9/10
Richmond Street Elementary School
Public,•K-5•2.8mi
8/10
Hermosa Valley Elementary School
Public,•4-8•1.4mi
9/10
Manhattan Beach Middle School
Public,•6-8•1.7mi
8/10
El Segundo Middle School
Public,•6-8•2.6mi
9/10
Mira Costa High School
Public,•9-12•1.4mi
10/10
El Segundo High School
Public,•9-12•2.8mi

Price History

Date
Event
Price
05/31/17
Sold
$21,000,000
Condition Rating
Excellent
Despite being built in 1922, the listing explicitly states the property was 'recently remodeled' and blends 'timeless elegance with contemporary comforts and functionality.' For a property of this caliber and price point in Manhattan Beach, a recent remodel implies high-end, modern finishes throughout, including state-of-the-art kitchen appliances, luxurious bathrooms, updated flooring, and modern systems. This aligns with the 'Excellent' criteria of being fully renovated recently with virtually new components and no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: El Segundo High School (10/10).
Prime Oceanfront Location & Views: Situated at 1000 The Strand in Manhattan Beach, this property boasts an irreplaceable oceanfront address with some of the best ocean views in the South Bay, offering unparalleled prestige and desirability.
Versatile Multi-Unit Configuration: Comprising four distinct units, including a main house, an attached in-law suite, and two rear guest homes, the property offers exceptional flexibility for rental income, multi-generational living, or staff accommodations.
Expansive Outdoor Living & Privacy: A rare find on The Strand, the property features a large grassy yard and one of the largest entertaining decks, complemented by an elevated position that ensures significant privacy.
Historic Charm with Modern Renovation: The estate retains its original character and charm from 1922 while benefiting from a recent remodel, blending timeless elegance with contemporary comforts and functionality.
Desirable Lot Characteristics: Positioned on a generous 4979 sq ft (1 1/2 lots) South Facing Corner lot, the property enjoys abundant natural sunlight throughout the day, enhancing its appeal and livability.

Cons

Exceedingly High Price Point: With a list price of $24.9 million, the property targets an extremely limited buyer pool, potentially prolonging market time and requiring a very specific high-net-worth individual or investor.
Extended Market Time & Price Reduction: Having been on the market since November 2023 and experiencing a significant price reduction from $30 million, this suggests potential challenges in valuation or buyer interest, which may lead to further negotiation.
Age of Structure: Built in 1922, despite being recently remodeled, the property's age may still present concerns regarding underlying infrastructure, ongoing maintenance, or potential for unforeseen issues not covered by the recent renovation.

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