Is El Segundo Ready for $2.0M+ homes?

By Keith Kyle840_Center_Street

El Segundo is a fantastic little town that has a small town feel that most areas can’t duplicate.  While there are an abundance of townhomes and condos, the bulk of the homes are some version of the original beach bungalow.  Many have been nicely updated and expanded while some are in fairly original condition.

Unlike neighboring Manhattan Beach, El Segundo hasn’t seen quite the same building boom creating oversized luxury homes and there are several reasons.  The primary reason is that values, while having gone up considerably in the past 2 years, haven’t rocketed upwards to the same extent and builders eager to build high end luxury properties may not see the margins and are searching elsewhere.

View the current homes for sale in El Segundo priced over $2,000,000

So will El Segundo see an increase in luxury $2,000,000 homes?  It still appears unlikely other than the rare case of a truly special home on an oversized lot in an A+ location.  There will be a limited amount of homeowners that simply love El Segundo that build their dream house and at some point those homes will be sold, but it’s very unlikely we’ll see too many luxury spec homes built as the cost of lots/tear down homes, plus the cost of building makes for a challenging investment.

Oceanfront homes in the South Bay

Spectacular Point Fermin Oceanfront Home for Sale

Located at 4020 Bluff Place on the Palos Verdes Peninsula in the city of San Pedro, this magnificent oceanfront home is perched on the bluffs high above the Pacific Ocean and Cabrillo Beach.  For the buyer priced out of the Strand in Manhattan Beach, or the cliffs of Palos Verdes this is an incredible opportunity at a fraction of the cost.  Compare this to oceanfront prices starting at $5.0M in Palos Verdes,  $4.5M price in Redondo Beach, and  $13.0M in Hermosa and Manhattan Beach.


The dynamic views are completely unobstructed and extend to Dana Point and even north San Diego on especially clear days. The surf is literally in your backyard where you’ll hear the crashing waves, watch as kite surfers an sailboats ply the waters and enjoy the harbor lights in the evening.    The beautiful custom home was built in 2000 and was extensively remodeled  in 2011. It is one of a kind and offers the feel of a luxury hotel….with unparalleled views.  Surrounded by mature landscaping and a very limited number of neighboring properties, the home affords a sense of privacy and seclusion not often found in the South Bay.

Oceanfront homes in the South Bay  The ground floor offers a spacious and open floor plan with lovely new hardwood floors, marble fireplace, and spacious living and dining rooms…all with spectacular views. The open kitchen has all new stainless steel appliances, custom white wash cabinets, and new Italian marble countertops. The 30 foot wide floor to ceiling sliding glass doors open onto the expansive entertainment deck and the ocean beyond.  The ground floor also offers a sizable bedroom with it’s own bathroom which is perfect for guest or owners needing a ground floor bedroom.  The entire second floor is divided into two huge, finely appointed master suites with a kitchenette in between.   Imagine being greeted every morning with an ocean view that will leave you breathless.  The upper floor also enjoys an oversized balcony perfect for sitting and relaxing.  With over 1000 sq ft of decks enjoy one of the most beautiful stretches of So Cal coastline!  Cabrillo Beach is in full view and just a short walk from the house.  For additional photos visit www.OceanfrontExecutiveRetreat.com

Call or text listing agent Keith Kyle for information or a private showing.  310-251-2344 & Keith@KeithKyleHomes.com

Master-Bedroom Exterior-Gate

Home Details:

  • Priced at $2,000,000
  • 3 bedrooms, 3 baths
  • Built in 2000
  • 2,389 square feet
  • 8,912 foot lot
  • 2 car garage

 

stairs_pictureKeith Kyle – Realtor

South Bay Brokers Top Producer

310-251-2344, 310-546-7611 x366 (office)

Keith@KeithKyleHomes.com

2501 N Sepulveda, Manhattan Beach, CA 90266

Where did all the homes in Fusion go?

By Keith KyleFusion South Bay

It seems that nobody is selling in Fusion these days which is a bit unusual as so many owners in the complex weathered some tough years and homes are once again nearing the peak.  As a realtor who frequently sells homes in this great community, it’s always a challenge when the inventory is this low as there’s simply nothing to sell.  Fusion has always been a very unique market as there are often either too many homes on the market, and they all sit until the first one sells (and then they seem to go like dominoes) or there’s no homes on the market.  The appeal of Fusion is the combination of price, location, and age which makes them a great value.  Built in 2006 and 2007, they sit just east of Manhattan Beach but at dramatically lower prices.  Most buyers often start their searches in Redondo Beach or El Segundo, but after looking at what $550,000 or so gets them in those towns, they opt for the very new, very well located Fusion townhomes.

So what’s an interested buyer to do?

  • The first aspect is to find an agent that frequently sells in Fusion as they may have the inside track into upcoming and off market possibilities.  There are 4 or 5 realtors that work fairly extensively in this gated community.
  • Be patient.  As I mentioned above Fusion is a unique market that seems to go in waves.  It won’t be too long before there are several listings
  • Consider the condos, townhomes, and single family homes at 360.  Another alternative is the community known as 360 which is just a bit north.  Contact us for more information as there are new homes as well as resale listings.

 

El Segundo MLS logo

Stunning home offered at 840 Center Street in El Segundo

El Segundo is primarily a community of beach bungalows and remodeled homes with a very casual feel. Every once in a while a stunning luxury estate property comes on the market and 840 Center Street certainly fits that description. According to listing agent Raju Chhabria:

“Completed in 2010, this custom home designed by Tomaro Design Group is warm and inviting, yet privately secluded. Upon entering the Portico, you will find a secluded courtyard with fire pit, tranquil water feature, detailed architectural lighting, and detached private office. Dramatic 2 story living room with 22ft ceilings, surrounded by windows. See-thru fireplace shared with the open family room. Formal dining room looks out to one of the 3 water features that occupy the property. The gourmet kitchen consists of Thermador appliances, imported marble and granite countertops, large center island with built-in wine and beverage refrigerators, a sizable pantry and a Butler Pantry. The breakfast nook and open family room both lead out to the backyard which features a built-in BBQ, gas fireplace and tranquil water feature, perfect for entertaining! Master suite with fireplace, a concealed in-ceiling TV, balcony, his and hers walk-in closets, en-suite bath with vanity and spa tub. The west wing includes a laundry room and 3 additional bedroom suites, each complete with private baths, walk-in closets and individually controlled climate. 3-car garage with ample professional storage cabinets and a custom motorized bike rack.”

El Segundo open houses

A number of El Segundo Open House for Sept 20th and 21st

El Segundo doesn’t generally see too many open houses as home inventory isEl Segundo open houses down and it’s a fairly small town with few homes for sale in the best of markets.  This weekend sees more than usual with several advertised open houses.  See the list below for El Segundo and the South Bay.  If you’re seeing this post after the September dates please visit our South Bay open houses site for updated homes for sale and schedules.

 

12 New Townhomes in El Segundo in High Demand

By Keith Kyle

Last month we wrote a market update and explained how the number of homes available for sale in El Segundo had jumped a bit due to the recent completion of 12 new townhome units on the corner of Pepper and Walnut.  The demand for these new units was in full force as all but 3 of the units are now in escrow or under contract.  The townhomes ranged in price between $789,000 to $849,000.  All were 3 bedroom 2.5 bath estimated at 1900 square feet. and fairly ideally located near Main Street and downtown El Segundo.

 See the MLS information for the new townhomes in El Segundo

 

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Welcome to real estate in the South Bay and El Segundo.  We hope that we are your one source for everything real estate in El Segundo.  From free home search, to MLS access to information on this charming city.

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2501 N Sepulveda Blvd, Manhattan Beach CA, 90266

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keith kyle

Top Producing Realtor

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El Segundo Real Estate. All information deemed reliable but not guaranteed. The agent providing the information contained herein may not have been a buyer’s and/or seller’s agent. This information is based on data pulled from CRMLS