The newest condo to hit the market in The Village Redondo Beach is a beautiful 1 bedroom updated condo. The combination of top floor location and unit number (higher the number closer to the water) means that this one has a tremendous harbor and ocean view compared with most units. In our opinion this one definitely is going to sell VERY quickly. Top floor condos sell for a premium with nobody above and a better view than even a level below. Another really nice feature of 3rd floor units is that the kitchen wall that was in the original build (people liked to separate living spaces back then) has been completely removed making for a much more open layout and loads more light. The one just below at 620 The Village #212 just listed for $789,000 and this is superior in every way…… priced at $785,000 will have huge appeal and will likely sell quickly with multiple offers.
Condo Basics
1 bedrooms
1 bathrooms
619 square feet (BTV)
2 parking spots
HOA $300 monthly
Listed at $789,000
Listed by Julia Zhao – Re/Max Elite Realty – 626-248-9200
One of the most recent sales in The Village in Redondo Beach was a fairly rare two bedroom condo that was listed at $1,099,000 and sold at an impressive $1,147,000. The unit was in great shape and had a great coastal look and feel but the sales price was still surprising given the limited view. As the 2 bedroom condos (6 per building) are always on the west side they have the best views of the floor. The first floor in most of the buildings (a few have two levels of parking below so they’re basically one level higher) often has limited views and the 620 building is one of them. One benefit to the first floor is that it’s the only floor that owners can have hardwood floors throughout.
*Currently the only oceanview condo for sale in The Village (600 The Village addresses) is a studio located at 620 The Village #202. This second floor condo offers some views and despite the fact that it only has 410 square feet it really lives much bigger due to the layout and the large sliders to the deck. This unit has has some upgrades over the years but not super high end. The studio units are always the furthest east in each building (every floor has 2 studios that are the first units off of the elevator). A year or two ago $579,000 would have seemed an impossible number but with the last two selling at $595,000 for an extremely upgraded unit at 610 The Village #201, and $560,000 (first floor) this one is within range.
The average “list” price for the homes that sold was $1,474,590 with the average sold price at $1,611,603 meaning that, in general, homes sold DRAMATICALLY higher than the list price.
It’s not surprising to see record home prices in the current Redondo Beach real estate market, but this recent sale in The Village blew us away. Listed at $750,000 this home was only active for one weekend before going into escrow and closed at a jaw dropping $805,000. The previous record was $752,000 and that was for a third floor (which is the top floor and always more valuable) unit. In general first floor units sell for less due to the views being less exciting.
Having said that this one had about as nice a view as you can get on the first floor and the first floor does have two advantages…they have much larger balconies and it is the only level that can have hardwood floors (due to nobody being underneath)
Overall this was a beautiful condo that was in fantastic shape and beautifully remodeled.