Manhattan Beach home tops LA County luxury contracts

A Manhattan Beach home located at 1204 The Strand asking $24.5 million was the priciest residential house to go into contract last week in Los Angeles County.

The roughly 5,400-square-foot home topped all other contracts — based on a report compiled by Marcy Roth of Douglas Elliman’s Eklund Gomes team. The Eklund Weekly Luxury Report Los Angeles rounds up single-family homes and condominiums listed in the Multiple Listing Service for $4 million or more and lists the top contracts based on asking price.

Designed by KAA Design Group, the contemporary coastal property first hit the market in mid-April. The 2014-built three-story home last traded in 2018 for $17.4 million.

Michael Pennings with Estate Properties holds the listing for the oceanfront four-bedroom residence. Amenities include an elevator, outdoor shower and built-in barbecue. Based on documents from the California Coastal Commission, the current owner is a trust tied to philanthropists James and Janis Borroughs.

The home along The Strand was one of 22 luxury properties to go into contract last week with a total asking volume of $181.7 million. That’s down by about 35 percent compared to the week prior, which was carried by two major contracts of homes each asking more than $40 million. Looking at the same week last year, however, asking volume for homes going under contract was up by nearly 42 percent last week.

“While activity slowed against the pre-holiday week, the top of the market remains well ahead of where it was a year ago,” Roth said in her report.

The second priciest home to go into contract was at 1220 Hillcrest Avenue in Pasadena with an asking price just shy of $20 million.

The 1928-built Monterey Colonial home has only been owned by two families in its nearly century-long history. Known as the Bauer/Cannell Estate & Gardens, the home was the longtime residence of Stephen J. Cannell — the screenwriter behind “The Greatest American Hero,” “The A-Team, “Wiseguy” and “21 Jump Street.” Cannell died in 2010, and his wife Marcia Cannell died in 2024, leaving the estate with their children, Robb Report previously reported.

Compass’ Ted Clark and Heather Lillard hold the listing. The home briefly hit the market in 2025 for $22 million before being relisted in February.

The five-bedroom, 15,500-square-foot estate property was selected as the Pasadena Showcase House of Design in 2025. Sitting on a 5-acre lot, the home features a pool, spa, tennis court, guest house, library and a motor court with a 10-car garage.