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The Dirt on Redwood Grill and Water Woes

Posted by John Hathorn on February 20, 2015
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The Santa Monica Place shopping mall has experienced quite a few changes over the years when it comes to dining options. Sadly and recently a few great restaurants have closed their doors. The Redwood Grill is officially out of business after a little over a year with no news yet as to who will take over that huge space. Construction has started across the way for the upcoming Cheesecake Factory at the previous Zengo and La Sandia locations. The popular restaurant chain is on point with a large following. And did you know that the ultra-luxury Arclight Cinemas is coming soon and will be equipped with a full bar and café? Scheduled to launch this fall, I am sure the Arclight will be a big hit and hopefully bring more diners to the 3rd level restaurants. What would you like to see open up in Santa Monica next?

Water Woes

If 51% of Santa Monica property owners send a written letter to the City Council protesting the proposed 78% water rate increase, the City of Santa Monica cannot impose the increase. Emails do not count and the letters must be received at City Hall no later than February 24th. Letters must include the property owner’s name, address and must state that the writer opposes the proposed increase.

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Here is your real-time real estate market info:

There are 3 new listings in the flats north of Montana Ave in Santa Monica: 528 25th Street, 101 Foxtail Drive and 1036 San Vicente Boulevard. 1036 San Vicente was listed last year but did not sell. The owner took the house off the market and made some improvements to the property.

My team Pence Hathorn Silver, listed 101 Foxtail Drive for sale this week. It features a 16,900+ square feet lot and magnificent ocean, mountain and canyon views. Foxtail is a great property to upgrade, remodel or build new. One property went into escrow in less than two weeks – 424 11th Street. There were multiple offers on 11th. Year-to-date closed sales is 8.

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New Listings this Week

528 25th Street –   5 bedrooms + 6 baths.  $6,898,000.   Fully priced, custom built modern style home. Almost 6,000 square feet of interior space. Well-proportioned rooms, open floor plan, and a basement level for office/media area/bedroom. Garage is equipped for 2 electric car chargers.

101 Foxtail Drive –   4 bedrooms + 4 baths.  $3,995,000.   Stunning ocean, mountain and canyon views from almost all rooms. Approximately 17,000 square feet lot set back from the street. Secluded and tranquil. Rare opportunity to upgrade, remodel or build new. Call John Hathorn at 310-924-4014 for an appointment to see.

1036 San Vicente Boulevard –   3 bedrooms + 4 baths.  $3,800,000. Beautiful 1926 Spanish. Bright and light. Features grand foyer, coved ceilings, romantic archways, manicured gardens, Chef’s kitchen, covered patio, full detached full guest house, and more. Last sold in July 2011 for $2,380,000.

New Sales this Week

424 11th Street –   3 bedrooms + 2 baths.  $2,795,000.   Charming Spanish with modern day amenities. Features open floor plan with coved ceilings, hardwood floors, remodeled kitchen and baths. Spacious yard with a bonus/ exercise room.   Last sold in December 2007 for $2,105,000.

Closed Deals this Week

332 17th Street – 5 bedrooms + 3 baths – $2,711,000

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Pence Hathorn Silver Active Properties:

Call me for a couple of upcoming attractions, priced from $1.9 million to $6 million – they are not in the MLS.

345 21st St. – 6 bedrooms + 8 baths – $6,490,000

101 Foxtail Dr. – 4 bedrooms + 4 baths – $3,995,000

1754 Franklin Canyon Dr. – 5 bedrooms + 5.5 baths – $3,795,000

1023 S. Bundy Drive – 2 bedrooms + 2.5 baths – $2,195,000

2011 Idaho Ave. – 3 bedrooms + 2.5 baths – $1,895,000

1544 12th St. #104 – 1 bedrooms + 1.5 baths – $1,195,000

Search for more homes, see real time analytics and learn about the North Santa Monica / North of Montana Avenue community on our North of Montana blog.  Add your comments (scroll down to the “Add Your Comment” section) and read other blogs. And please call my mobile phone (310) 924-4014 with any questions.

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