Santa Monica Dirt by John Hathorn May 11th, 2012
I met with a homeowner last Sunday that said he has a friend that is in escrow to buy a home that had been on and off the market for several months. He says the purchase contract is for more than $30,000,000! The home is still under construction. It is located on a very large lot overlooking the Riviera Country Club. Of course, if this is true and the property actually closes escrow at a price anywhere near $30 million, it will blow away every residential sales record ever recorded in the 90402 zip code. Stay tuned!
Active/ Available New Listings
859 Woodacres Rd.– $8,995,000. Re-list. Almost an acre with stunning views of the Riviera Country Club.
514 9th St. – 5bd + 4.5ba. $3,195,000. New Listing. A very nice new listing last sold in 2002 for $1,750,000. Mostly nice upgrades but still a bit 1980’s in places. Good value based on the square footage.
408 10th St.– 5bd + 6ba. $3,050,000. Re-list. Apx. 5,600 sq. ft. Mediterranean redone in 2001. Has been in and out of escrow a few times in the past few months. Inspection problems probably now solved.
New Sales (Now In Escrow/ Sale Pending)
534 10th St.– 4bd + 3.75ba. $3,288,000. Sold in less than two weeks. My favorite new listing of the past few months. Had multiple purchase offers last week.
340 18th St.– 5bd + 3.5ba. $3,795,000. Sold exactly two weeks after MLS insertion. Restored and remodeled Monterey Colonial almost 5,000 sq. ft. Mostly pool in back.
220 12th St.– 2bd + 2ba. $2,495,000. Sold in a week. 50X 150 lot, livable land value included plans for a new home. Permits said to be ready-to-issue.
526 Adelaide Dr.– 7bd + 4.5ba. $5,995,000. A larger fixer upper on a large lot nearly half an acre. Trophy street. Apx. 6,000 sq. ft. Mediterranean home with sprawling lawns and magnificent views of the ocean.
Pence Hathorn Silver Active Properties:
101 17th St. – 6bd + 8.5ba – $6,995,000
145 Ocean Avenue Ext. – 5bd + 5.5ba – $5,549,000
635 20th St. – 4bd + 5.5ba – $4,395,000
509 21st Pl. – 6bd + 5.5ba – $3,995,000
401 18th St. – 4bd + 4.5ba – $3,325,000
307 21st St. – 5bd + 4.75ba – $3,295,000
551 Lincoln Blvd. – 5bd + 4.5ba – $2,998,000
2060 Benedict Canyon Dr – 3bd + 2.5ba – $1,199,000
122 N. Clark Dr. #401 – 2bd + 2.5ba – $969,000
2950 Neilson Way #310 – 2bd + 2ba – $749,500
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