NOT LISTED FOR SALE

1535 Nelson Ave Manhattan Beach, CA 90266

Estimated Value: $5,296,000 - $6,010,000

5 Beds
5.5 Baths
4,750 Sq Ft
$1,193/Sq Ft Est. Value

Last Sold October 19, 2022

Last sale price $4,650,000 $979 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $34,277/month

105 Days on Market

Highlights

  • Golf Course Community
  • Infinity Pool
  • Fishing
  • Aurelia Pennekamp Elementary School Rated A
  • New Construction
  • Primary Bedroom Suite

About This Home

As of October 2022

The stunning appeal begins at the curb of this highly desirable address. Your lasting first impression continues through custom Dutch doors into the discerning collaboration of timeless style and thoughtful function. As the coastal sun shines through the luxurious casement windows, you are guided along wide plank, wire brushed, French hardwood floors into the spacious, open floor plan. Impeccable craftsmanship, extraordinary attention to detail. elegant moldings and impressive millwork add to the memorable ambience.
The first level Living room is anchored with a designer fireplace and opens to the lush landscaping via a traditional patio. The spacious main floor bedroom is properly suited to pamper overnight guests or serve as a home office/den. A toast worthy open bar that hosts wine storage and an ice maker coordinates perfectly with the formal dining area. Showcased in the highly credentialed gourmet kitchen are custom edged natural quartzite countertops, finely crafted cabinetry, premium appliances, built-in coffee service station, and a notable walk-in pantry, The picturesque back yard view serves as the ideal backdrop for the convenient island seating and casual dining nook.
The inviting family room has bifold doors that disappear to present the awe inspired outdoor retreat. A glistening infinity pool with built in lounge seating, an elevated waterfall spa, a fully equipped outdoor kitchen with granite counters, BBQ rotisserie, custom pizza oven and bar seating take center stage. Solidifying this forever homes is a private spa/ fitness center - all of which rival a destination vacation.
The beautifully handcrafted stairway leads to the second level with four additional bedrooms and an oversized, versatile family/bonus area. The stylish master bedroom is fashioned after a deluxe hotel suite and has an extending balcony that overlooks the remarkable back yard. Emphasizing the luxury of the master suite are Separate vanities, designer fixtures and finishes, custom built-in shelving, a decadent soaking tub, premium shower systems and an enviable walk-in boutique style closet.
This home exemplifies a commitment to excellence and is brimming with the authentic luxury and coastal elegance of Manhattan Beach. Welcome to this coveted neighborhood, where prestigious, award-winning schools, unifying community events, acclaimed dining scenes, unique shopping experiences, delightful sunsets and beach strolls are all included.

Last Agent to Sell the Property

Joseph Nuzzolo

Thompson Team Real Estate, Inc. License #01853418 Listed on: 06/02/2022

Last Buyer's Agent

Joseph Nuzzolo

Thompson Team Real Estate, Inc. License #01853418 Listed on: 06/02/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,733

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 7,494 Sq Ft Lot
  • South Facing Home
  • Fenced
  • New Fence
  • Density is up to 1 Unit/Acre
  • Property is zoned MNRS

Parking

  • 3 Car Attached Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Tandem Garage
  • Two Garage Doors

Property Views

  • Neighborhood
  • Courtyard

Home Design

  • Turnkey

Interior Spaces

  • 4,750 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Central Vacuum
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Bar
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Casement Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Self-Closing Drawers and Cabinet Doors

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Quartz Bathroom Countertops
  • Dual Sinks
  • Soaking Tub
  • Multiple Shower Heads

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Infinity Pool
  • Waterfall Pool Feature

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Terrace
  • Exterior Lighting

Schools

  • Pennekamp Elementary School
  • Manhattan Beach Middle School
  • Mira Costa High School

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Tankless Water Heater

Listing and Financial Details

  • Legal Lot and Block 21 / 92
  • Assessor Parcel Number 4163022019
  • $641 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,733

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: Yes
  • Zoning: MNRS
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4163022019
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 4750.00 Square Feet
  • Interior Amenities: Balcony, Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Vacuum Central, Wet Bar, Wired for Data, Wired for Sound
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 978.95
  • Room Type: Bonus Room, Den, Family Room, Foyer, Main Floor Bedroom, Master Suite, Office, Walk-In Closet, Walk-In Pantry
  • Window Features: Casement Windows, Skylight(s)
  • Bathroom Features: Double Sinks In Bath(s), Dual Shower Heads (or Multiple), Hollywood Bathroom (Jack&Jill), Quartz Counters, Soaking Tub
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Exterior Features: Lighting
  • View: Courtyard, Neighborhood
  • Fence: Yes
  • Fencing: New Condition
  • Patio And Porch Features: Covered, Patio, Terrace
  • Pool Features: Private, Infinity, Waterfall
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Two Door, Tandem Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Ice Maker, Microwave, Tankless Water Heater
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Park, Watersports, Sidewalks, Street Lights

Schools

  • Elementary School: Pennekamp
  • High School: Mira Costa
  • Middle Or Junior School: Manhattan Beach
  • Elementary School #2: PENNEK
  • High School2: MIRCOS

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7494.00
  • Lot Size Acres: 0.1720

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7494.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 92
  • Tax Census Tract: 6208.01
  • Tax Lot: 21
  • Tax Tract Number: B
  • TaxOtherAnnualAssessmentAmount: 641.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2020
Sold by
Despot Dana A
Bought by
Despot Dana A and The Despot Living Trust
Current Estimated Value
$5,665,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,900
Outstanding Balance
$286,896
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$5,378,195

Purchase Details

Closed on
Mar 21, 2008
Sold by
Despot Dana A
Bought by
Despot Dana A and Despot Living Trust

Purchase Details

Closed on
Jan 7, 2008
Sold by
Staggs Diane and Despot Family Living Trust
Bought by
Despot Dana A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
6.07%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Despot Dana A -- Lawyers Title
Despot Dana A -- Lawyers Title Sd
Despot Dana A -- None Available
Despot Dana A -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Despot Dana A $325,900
Closed Despot Dana A $365,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2022 10/19/22 Sold $4,650,000 -7.0% $979 / Sq Ft
08/02/2022 08/02/22 Price Changed $4,999,999 -9.1% $1,053 / Sq Ft
06/02/2022 06/02/22 For Sale $5,499,000 0.0% $1,158 / Sq Ft
05/25/2018 05/25/18 Rented $3,900 0.0% --
05/01/2018 05/01/18 For Rent $3,900 0.0% --
05/14/2017 05/14/17 Rented $3,900 0.0% --
05/14/2017 05/14/17 For Rent $3,900 +11.4% --
09/22/2012 09/22/12 Rented $3,500 0.0% --
08/25/2012 08/25/12 Under Contract -- -- --
08/22/2012 08/22/12 For Rent $3,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $53,733 $4,837,860 $2,392,920 $2,444,940
2024 $53,733 $4,743,000 $2,346,000 $2,397,000
2023 $52,320 $4,650,000 $2,300,000 $2,350,000
2022 $19,915 $1,734,000 $1,387,200 $346,800
2021 $10,789 $910,551 $727,773 $182,778
2020 $10,692 $901,215 $720,311 $180,904
2019 $10,508 $883,545 $706,188 $177,357
2018 $10,204 $866,222 $692,342 $173,880
2016 $9,376 $832,587 $665,458 $167,129
2015 $9,183 $820,082 $655,463 $164,619
2014 $9,060 $804,019 $642,624 $161,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22102283

California Regional Multiple Listing Service (CRMLS)

APN: 4163-022-019