NOT LISTED FOR SALE

508 The Strand Manhattan Beach, CA 90266

Estimated Value: $20,497,484

5 Beds
5.5 Baths
4,325 Sq Ft
$4,739/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $19,200,000 $4,439 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $127,782/month

153 Days on Market

Highlights

  • White Water Ocean Views
  • Open Floorplan
  • Wood Flooring
  • Opal Robinson Elementary School Rated A
  • Outdoor Fireplace
  • Living Room with Attached Deck

About This Home

As of October 2021

Modern luxury meets cutting edge architecture and exquisite quality at Manhattan Beach’s most coveted “Center of the Bullseye” Strand location. This three story beachfront oasis was created w/ a commitment to a modern, hearty exterior designed to withstand the oceanfront environment. This stunning residence blends in alluring reclaimed wood beams, antique French doors, blackened steel railings, doors & windows, floor-to-ceiling glass, imported natural stone & rustic Bastide Collection wood flooring. Each floor offers panoramic beach & ocean views. Perhaps most appealing of its charms, is the home’s placement, steps away from marvelous downtown MB. Designed by Jon Starr & custom built by Steve Larkin, this home offers the opportunity to literally live the dream. The gourmet kitchen features an imported Viking Tuscany Series 66” super-sized range, custom-made riveted hood, Subzero fridge, Bosch dishwasher & Hoshizaki ice maker. The living room features an inviting painted brick fireplace, sitting area & sliding ink-black steel doors offering captivating marine life viewing. One can chillax while watching life go by or utilize the expertly placed built-in BBQ counter bar to grill up a meal on the attached deck. At the top floor, one finds a breathtaking master suite, w/ spa-like marble encased master bath w/ soaking tub, ample shower, a custom built master closet, a relaxing nook & a private deck. The Strand level consists of 2 beds/2 baths, a laundry room & a joyous beach room w/ TnG walls & ceilings. Designed by Jon Starr of Starr Design and built by Steve Larkin of SRL Construction, this gorgeous home was meticulously built new - utilizing just the concrete slabs, and some framing. Come by for a look and you will appreciation the custom design choices made by the Owners, and the attention to detail that went into completing this luxurious home.

Last Agent to Sell the Property

Robb Stroyke

Bayside License #00940891 Listed on: 03/18/2021

Last Buyer's Agent

Rob Depaoli

Compass License #01918925

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $224,175

Year Built

  • Built in 2021

Lot Details

  • 3,337 Sq Ft Lot
  • Level Lot
  • Property is zoned MNRM

Parking

  • 4 Car Attached Garage

Property Views

  • White Water Ocean
  • Views of a pier

Interior Spaces

  • 4,325 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Bar
  • Beamed Ceilings
  • High Ceiling
  • Family Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Office
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Six Burner Stove
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Self-Closing Drawers and Cabinet Doors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Balcony
  • Outdoor Fireplace

Utilities

  • Cooling Available
  • Heating Available
  • Septic Type Unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 4 / 6
  • Tax Tract Number 6209
  • Assessor Parcel Number 4180026004

Home Details

Home Type

Single Family

Est. Annual Taxes

$224,175

Year Built

Built in 2021

Lot Details

0

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: MNRM
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4180026004
  • Year Built: 2021
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 4325.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Built-in Features, Elevator, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Family Room, Outside
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 4439.31
  • Room Type: Family Room, Kitchen, Laundry, Office, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Bathtub, Double Sinks In Master Bath, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Self-Closing Cabinet Doors, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • View: Ocean, Pier, Water, White Water
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Ice Maker, Microwave
  • Laundry Features: Individual Room, Upper Level
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Manhattan Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 3337.00
  • Lot Size Acres: 0.0766

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3337.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 6209.04
  • Tax Lot: 4
  • Tax Tract Number: 6209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
Oct 14, 2021
Sold by
Sunshine Daydream Trust and Hepper Kellie A
Bought by
Spectrum Investments I Llc
Seller's Agent
Robb Stroyke
Bayside
Buyer's Agent
Rob Depaoli
Compass
List Price
$19,900,000
Sold Price
$19,200,000
Premium/Discount to List
-$700,000
-3.52%
Current Estimated Value
$20,497,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,297,484
Avg. Annual Appreciation
1.66%
Original Mortgage
$9,600,000
Outstanding Balance
$8,754,305
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$11,743,179

Purchase Details

Closed on
Apr 5, 2007
Sold by
Natter Michael J and Natter James F
Bought by
Hepper Jeffrey K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2006
Sold by
Natter Michael J and Natter James F
Bought by
Natter Michael J

Purchase Details

Closed on
Sep 26, 2001
Sold by
Natter Joseph and Natter Anna J
Bought by
Natter Joseph

Purchase Details

Closed on
Oct 28, 1993
Sold by
Natter Joseph and Natter Anna J
Bought by
Natter Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
6.95%
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
Spectrum Investments I Llc $19,200,000 Lawyers Title
Hepper Jeffrey K $8,250,000 Chicago Title Co
Natter Michael J -- None Available
Natter Michael J -- None Available
Natter Joseph -- --
Natter Joseph -- --
Natter Joseph -- Continental Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spectrum Investments I Llc $9,600,000
Previous Owner Hepper Jeffrey K $1,000,000
Previous Owner Natter Joseph $990,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $19,200,000 -3.5% $4,439 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $19,900,000 -- $4,601 / Sq Ft
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 $224,175 $20,375,193 $17,191,569 $3,183,624
2024 $224,175 $19,975,680 $16,854,480 $3,121,200
2023 $218,624 $19,584,000 $16,524,000 $3,060,000
2022 $214,785 $19,200,000 $16,200,000 $3,000,000
2021 $121,574 $10,838,330 $8,169,219 $2,669,111
2019 $111,468 $9,908,940 $7,926,916 $1,982,024
2018 $109,363 $9,714,654 $7,771,487 $1,943,167
2016 $102,571 $9,337,135 $7,469,711 $1,867,424
2015 $100,428 $9,196,883 $7,357,509 $1,839,374
2014 $94,185 $8,580,000 $6,864,000 $1,716,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21056858

California Regional Multiple Listing Service (CRMLS)

APN: 4180-026-004