This way to the beach: Homes next to ocean topped priciest sales

But total for 5 most expensive trades in LA last week was still 18% below previous week’s tally

TRD LOS ANGELES /
Jun.June 29, 2020 01:10 PM
6156 Ramirez Canyon Road and 20 37th Place (Credit: Redfin)
6156 Ramirez Canyon Road in Malibu and 20 37th Place in Long Beach. (Credit: Redfin)

Coastal living appears to be on the minds of many wealthy Los Angeles homebuyers.

All but one of the five most expensive sales last week involved properties within walking distance of the water. But proximity to the beach did not translate to sky-high prices. The five sales totaled $37.9 million, far below the $46.2 million from the week before.

Four of the homes on the list were recently-built. They are in Malibu — the priciest on the list — Santa Monica, Manhattan Beach and Ranchos Palos Verdes. The only one constructed before 2010 is in Long Beach. It was built in 1927.
The list was compiled with data from Redfin and other sources for deals closing between June 23 and June 29.

6156 Ramirez Canyon Road | Malibu | $14.5M

This new construction home is on 4.4 acres. The 10,000-square-foot main home has six bedrooms, eight bathrooms, and a wine cellar. The sale comes out to $1,445 per square foot. The home was built in 2018 and immediately listed; the sale was its first. There is a separate guest house on the property with a kitchen. The backyard had a pool and the usual amenities, like a patio and fire pit. There’s also direct beach access. Eytan Levin of The Address had the listing. H. Blair Chang with the Agency represented the buyer.

20 37th Place | Long Beach | $7.3M

This Spanish-style compound sits on 1.3 acres behind a gated entrance near the Belmont Veterans Memorial Pier on the southeast side of Long Beach. The home was built in 1927 and spans just under 7,700 square feet with three bedrooms and five bathrooms. There’s also a separate pool house. The sale came out to $943 per square foot. Jordan Cohen with RE/MAX One represented the seller, while Kevin Cordasco with Core Real Estate Group brought the buyer.

718 10th Street | Santa Monica | $6.9M

This recently-built home squeezes 6,327 square feet of living space onto a lot just over 7,500 square feet. There are six bedrooms and six bathrooms. The kitchen and living room on the ground floor link to the backyard through a wide floor-to-ceiling entrance. The lower level has a home theater and a yoga room. The sale came out to $1,084 per square foot. Matthew and Joshua Altman of Douglas Elliman had the listing, while Dean Mandile with Sotheby’s International Realty represented the buyer.

328 19th Street | Manhattan Beach | $4.9M

This 4,107-square-foot home was designed by local architect Jon Starr and completed in 2010. The five-bedroom and five-bathroom house sits on a lot under 2,700 square feet so the floor plates are small, but it makes up some of that space vertically, rising three stories. The sale figured out to $1,199 per square foot. The beach is less than a thousand feet away. Christina Brown and John Brown of Vista Sotheby’s International Realty shared the listing. Lynn Range, also of Vista Sotheby’s, represented the buyer.

32009 Cape Point Drive | Rancho Palos Verdes | $4.3M

This newly-built 6,149-square-foot home is on the south side of the Palos Verdes peninsula. The home is part of a neighborhood of new construction properties just outside the Trump National Golf Club. The sale comes out to $699 a foot. Joe Alessi with RE/MAX Estate Properties had the listing. Veronica Topete with Realty Masters & Associates represented the buyer.


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