317 17th St, Manhattan Beach CA MLS SB17018229
As we enter the second half of 2017, the most expensive home currently listed for sale in Manhattan Beach CA is NOT on the Strand but the 300 block of a Walk Street in the Sand Section.
This almost 12,000 Sq Ft estate sits on a 6751 Sq Ft lot and is priced at $19,950,000. Here's how the listing agent describes it in the MLS:
"This spacious beach estate is located on 2.5 Walk Street lots with stunning panoramic ocean and white water views. The warm and inviting home was designed by Dave Watson and built in 2014 by Steve Larkin with every imaginable luxury that you would expect in a home of this magnitude: theater, saltwater pool with waterfall features and cabana, walk-in wine cellar with dry bar, indoor virtual golf course/driving range, his and her offices plus children’s study/playroom, gourmet kitchen with breakfast nook and butler’s pantry, two living rooms, formal dining room, gym, multiple ocean view decks and balconies, four-stop elevator, heated floors in most bathrooms, humidors on all four levels, technology/server room with Savant smart home automation center, solar power, and so much more."
To see the full listing including lots of pictures, follow this link.
What Do You Think of the Price?Great question, I'm glad you asked. Here's what I can tell you.
As reported through the MLS - in other words not getting private sales, there have only been 4 sales over $15,000,000 in Manhattan Beach. Ever. The highest of those was on The Strand (no surprise) and came in at $21,000,000 and closed in May of this year. The second highest also closed this year for $18,400,000. After that we have to look at 2014 for a sale over $15M on The Strand.
The only non Strand property sold over $10M was 201 18th St which was also sold in 2014 and went for $12M. To be fair, 814 Pacific is now in escrow. It was listed for $22,500,000. Let's see what it closes for.
What's The Strand? What's a Walkstreet?
If you are not familiar with the local jargon, here's a guide to The Strand. Walkstreets are a little easier to explain. In the Manhattan Beach Sand Section these are the streets that you can't drive on: you can only walk, hence the name. Many are found west of Highland Ave sloping down to the ocean. Others, east of Highland tend to be flat.
If you want some historical perspective on Strand vs Walkstreet, check out this post.