Tracking Manhattan Beach 90266: Dodger Derek Lowe looks to sell
Manhattan Beach Confidential reports that there is a mini-glut of super-high-end homes for sale in the pricey "walk streets" of Manhattan Beach:
If you love the area, suddenly there's a lot to choose from. The walkstreet inventory west of Highland at this writing includes 15 SFRs.... A year ago, there was just one single home in this category on the market.... Six months ago, in April, there were 4.... So, is west of Highland desirable? Yes. Is it selling? Not really.
Among the sellers, according to the reliable and reliably entertaining Real Estalker, is Dodger right-hander Derek Lowe (pictured), who is looking to unload his Mediterranean-style 4-bedroom home for $5.7 million.
More about the 90266 from Redfin.com:
Date Oct. 16
--Listed for sale 224
(home and condos)
--Foreclosures for sale 1
--Median list price $1.799 m.
--Median sales price* $1.508 m.
--Median price/sf $703
--Median days listed 72
--% reduced in price 46.1%
--Median total reduction 5.9%
*Based on homes sold or taken off the market in the previous 90 days
Once again: I'd like to monitor other Zip Codes. I'm still looking for one in the West Valley. Nominations? Thoughts?
-- Peter Viles
Photo credit: Getty Images
The collapse of the stock market is probably the end of these super expensive homes.
Posted by: syscom3 | October 16, 2008 at 10:59 AM
Peter,
West Valley $700,000-1M zips:
91367 , 91364 or 91356
Posted by: Laker | October 16, 2008 at 11:19 AM
Speaking of the Dodgers, in baseball, one of the worst things that can happen to spoil your celebration is being told that you back into something, as in, backing into the playoffs, backing into the World Series. You want to have it because you have earned it, and not because your opponents fell apart. You get that $5 million house because you have earned it, not because your bank failed to check your income. You won an election because you really were the one and not because your opponent stumbled.
Posted by: MyLessThanPrimeBeef | October 16, 2008 at 11:56 AM
hey I have a estate 40,000 sqft
5 acres of land
price ?
500 million
what no takers ?
this is a once in a lifetime opportunity !!!!!!!!!!!!
please !!!!!
okay tell you what I will reduce it by ...........
40MM
still no takers ?
okay today only 200 MM
come on people I just offered you over 50% off
okay
final asking
30MM
look I spent 100 MM on construction alone
okay okay okay I have to unload this place
200k
anyone ? anyone ?
Posted by: zach | October 16, 2008 at 11:59 AM
Sherman Oaks. My son is looking to buy in that area next year.
Posted by: anonymous | October 16, 2008 at 12:04 PM
Well you can't get much further West than Woodland Hills / West Hills unless you want to piss off the Calabasonians and Hidden Hillsians by telling them they're vals too.
Posted by: Uncle Billy Now Owns Banks | October 16, 2008 at 02:55 PM
MLTPB: Well you certainly have not back into the status of wittiest of LaLand commenters.
(LaLand -- why do I think of farmland when that phrase tumbles around in my noggin?)
Posted by: Uncle Billy Now Owns Banks | October 16, 2008 at 02:58 PM
Uncle Billy, I don't want to be too cocky, but after I have officially been certified winner, you and McCain can be my assistants....
Hmmm, wait, I hope that doesn't sound too presumptious.
Well, what the heck, that rule only applies to my followers.
Posted by: MyLessThanPrimeBeef | October 16, 2008 at 04:40 PM
Hey Peter, what happened to all the "Death of Suburbia" stories?
Posted by: Giacomo | October 17, 2008 at 08:41 AM