East MB New Construction Prices Jump

In only the past few months, we have seen 3 of the top 7 sale prices ever in East Manhattan Beach for new homes on typical, 7500 sq. ft. lots.

Yes, there's a new construction boom all over Manhattan Beach, and the areas east of Sepulveda are more than keeping up.

Those three high-ranking sales:

1626 1st (5br/5ba, 4950 sq. ft.) (pictured) at $3.200M;

1421 18th (6br/6ba, 4430 sq. ft.) at $2.700M; and

1200 10th (5br/6ba, 4600 sq. ft.) at $2.729M.

Of those, the last (10th St.) posted in September 2013, while the others finished up just last week.

The posted sale at 1626 1st hits a new high, by $100K, for the east side. (Specifically on 7500 sq. ft. lots.)

In June 2007, 1622 Gates (5br/6ba, 4850 sq. ft.) sold new in June 2007 for $3.1m. And for nearly 7 years, that price was never beaten.

As we said in a recent review as the home debuted, this one "rebuts a notion we've had for a while: No one is building Mediterraneans anymore."

They listed this one for $2.649M, which seemed bold for the style and location, pretty far east. But they had a deal in a week.

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For a little more on these recent sales, see MB Confidential's "New Construx in East MB Rocking."

A rundown of some other East MB highs – including those on larger lots – can be found in this MBC post from July 2012.