We post alot about home maintenance and getting your home ready to sell, but this weekend we celebrate our real home. We are so fortunate to live at the beach and near the ocean and have the grandeur of nature just outside our windows and doors. From all of us at Thevillageredondobeach.com, Vista Sotheby’s and Keith Kyle homes we hope we can all do our part to keep our home in good shape.
Happy Earth Day.
The newest additon to the beachfront condo market is actually not new, but relisted. If the address sounds familiar it’s because it was on the market last year. The home was pulled off of the market late 2023 and in somewhat of an unusual strategy they’ve raised the price from the previous $1,650,000 (that didn’t sell)
The condo was listed by Susan and Michael Freeman of Compass
The condo is beautiful and the living room and the patio are the highlights. Oceanfront living room has gotten a nice update with stacked stone fireplace that has a beautiful beach look. The layout is a bit unusual as there bedrooms and living spaces are on different levels, but spaces are all nicely updated and remodeled and the views are incredible. The ground level location makes for a very oversized patio to sit back, hear the sounds of the waves just outfront, and live the vacation lifestyle.
As mentioned the condo was recently remodeled and includes beautiful wood floors, quartz countertops, updated lighting, built ins,, gas starting fireplace with a floor to ceiling stone front. All with a coastal inspired color palette.
The condo last sold in 2020 for $1,325,000 with some, but not all, of the remodeling already done.
The latest condo to sell in The Village in Redondo Beach was a first floor unit at #110 that sold over list price. The home was listed at $730,000 and just closed at $737,500. We think that the seller did well on this as the home was in fairly original condition with some fairly dated flooring and likely work to be done by the new owner.
The condo was listed by Cari Corbalis & Forrest Graham of Vista Sotheby’s International Realty.
One of the really nice features of the 640 building (and the 630 building) is that it has two levels of parking underneath, meaning every floor is basically the equivalent of a level higher in the other buildings. Despite being on the first floor, this unit is roughly the elevation of a 2nd floor unit in the other buildings. Higher elevation means bigger views and isn’t that what we’re here for?
Another benefit to the location is that only first floor units can have floors that are not carpeted. While the current floors are tile which gives it a pretty dated look and feel, you can keep as is or install wood floors that would make all the difference in the world. You can’t do that on floors 2 and 3.
One of the biggest sales of the month in Redondo Beach was actually a 2 bedroom condo with only 1600+ square feet! Showing that it really is all about location, this penthouse condo was on the west side (truly oceanfront) in the Ocean Plaza building at 531 Esplanade.
The home was originally listed in late 2023 for a pretty unheard of price of $3,500,000. The price was reduced to $3,250,000 and after about 3 1/2 months on the market it closed at $3,200,000.
The previous highest price ever was $2,595,000 although the unit at #915 was listed at $3,999,000 at one point (not surprisingly it didn’t sell)
This condo was a penthouse unit situated in the Ocean Plaza builiding which is the tallest in Redondo. Most of the units in the building are on the north or south side so although the views can be impressive, they’re blocked in one direction or the other. That was not the case with unit 916. Situated on the front of the building this was truly beachfront living and every room in the condo has simply stunning ocean views.
Read more about the Ocean Plaza building at 531 Esplanade Redondo Beach.
Welcome to the March 2024 real estate market report for Redondo Beach CA. March was a fairly slow month in terms of the number of closed escrows with only 30 home sales and closed escrows.
The average “listing” price was $1,748,619 with the average sold price at $1,765,828 which was a huge increase from March’s $1,598,789 average, and January’s $1,565,843.
The average price per foot was $942 and the average days on market for the homes that sold was a relatively lengthy 47. That said the median days on market was a pretty incredible 10.
Out of the 30 homes that sold 2 were on the Esplande and 1 was in Seascape 2 located at 120 The Village #101 that sold for $1,300,000. One of the beachfront Eplanade sales was a HUGE sale. 531 Esplanade #916 in the Ocean Plaza building sold for a jaw dropping $3,200,000!
| Type | Address | Price | Beds/Baths | Sq Feet | Year | |
| TWNHS | 486 | Palos Verdes BLVD | $1,300,000 | 3/2,0,1,0 | 1577/A | 1974/ASR |
| SFR/D | 224 | Via La Circula | $1,784,200 | 3/1,1,0,0 | 1656/A | 1948/ASR |
| SFR/D | 409 | Via La Selva | $3,150,000 | 4/4,0,0,0 | 2724/A | 1952/ASR |
| SFR/D | 811 | Calle de Arboles | $3,775,000 | 4/4,0,0,1 | 3180/P | 2021/BLD |
| TWNHS/A | 2520 | Ruhland AVE #B | $820,000 | 2/1,0,1,1 | 1295/A | 1976/PUB |
| TWNHS/A | 1913 | Robinson ST #B | $1,225,000 | 3/2,0,1,0 | 1664/A | 1988/ASR |
| SFR/D | 2908 | Perkins LN | $1,280,000 | 3/1,0,0,0 | 1100/E | 1947/ASR |
| TWNHS/D | 2502 | Voorhees | $1,400,000 | 3/2,0,0,1 | 1730/P | 1981/PUB |
| TWNHS/A | 1910 | Ruhland Avenue #B | $1,644,087 | 4/2,0,1,0 | 2493/A | 1996/ASR |
| TWNHS/D | 2201 | Warfield Avenue | $1,711,000 | 4/2,0,1,0 | 2090/E | 1990/EST |
| TWNHS/D | 2108 | Gates Avenue #A | $1,845,000 | 4/2,1,1,0 | 2410/A | 2017/ASR |
| TWNHS/A | 2103 | Rockefeller LN #2 | $1,025,000 | 2/3,0,0,0 | 1495/A | 1981/ASR |
| SFR | 2019 | Pullman LN #1 | $1,185,000 | 3/3,0,0,0 | 2246/ | 1988 |
| TWNHS/A | 1811 | Belmont | $1,355,000 | 3/2,0,0,1 | 1954/A | 1991/ASR |
| SFR/D | 1821 | Armour LN #B | $2,116,000 | 4/5,0,1,0 | 2838/B | 2023/BLD |
| TWNHS/A | 515 | Meyer LN #40 | $820,000 | 2/1,0,1,0 | 1464/A | 1979/ASR |
| SFR | 2305 | Ralston LN | $1,227,000 | 3/2,0,0,0 | 1092/A | 1952/ASR |
| TWNHS/A | 2920 | Foundry CT | $1,369,049 | 4/3,0,0,0 | 2161/B | 2023/ASR |
| TWNHS/A | 120 S | Juanita AVE #1 | $1,408,500 | 3/2,0,1,0 | 1776/A | 1982/ASR |
| TWNHS/D | 121 S | Guadalupe AVE #B | $1,690,000 | 4/3,0,0,0 | 2180/A | 2013/APP |
| TWNHS/D | 704 | Vincent Park #B | $2,399,000 | 5/4,0,0,0 | 3331/A | 2014/PUB |
| SFR/D | 1327 S | Gertruda AVE | $1,580,000 | 3/1,1,0,0 | 1552/A | 1955/ASR |
| SFR/D | 1318 S | Helberta AVE | $1,600,000 | 4/2,0,0,0 | 1603/A | 1953/SEE |
| SFR/D | 507 | Avenue D | $2,547,000 | 4/2,1,1,0 | 1364/A | 1951/ASR |
| SFR/D | 502 | Avenue D | $2,725,000 | 3/1,1,1,0 | 1847/B | 2020/BLD |
| SFR/D | 509 | Camino Real | $3,150,000 | 5/4,0,1,0 | 3366/B | 2023/BLD |
| CONDO/A | 615 | Esplanade #503 | $724,000 | 1/1,0,0,0 | 719/A | 1971/PUB |
| CONDO/A | 120 | The Village #101 | $1,300,000 | 2/2,0,0,0 | 1434/A | 1980/ASR |
| CONDO/A | 531 | Esplanade #916 | $3,200,000 | 2/0,2,1,0 | 1627/A | 1974/PUB |
| TWNHS/A | 2307 | Vanderbilt LN #C | $1,620,000 | 4/5,0,0,0 | 2327/AP | 2017/PUB |
To all of our family, friends and clients in The Village, Seascapes, Redondo Beach and beyond, we wish you a very happy Easter 2024. Enjoy the day with your friends and family.
From all of us at The Village Redondo Beach.com, realtor Keith Kyle and Vista Sotheby’s International we wish you a very happy Easter 2024!
