NOT LISTED FOR SALE

Ocean Plaza 531 Esplanade Unit 716 Redondo Beach, CA 90277

Estimated Value: $2,362,000 - $2,646,940

3 Beds
3 Baths
1,627 Sq Ft
$706/ mo HOA Fee

Last Sold October 16, 2023

Last sale price $2,595,000 $1,595 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $16,373/month

4 Days on Market

Highlights

  • Ocean View
  • Fitness Center
  • In Ground Pool
  • Alta Vista Elementary School Rated A+
  • 24-Hour Security
  • Primary Bedroom Suite

About This Home

As of October 2023

Come experience breathtaking views of the Pacific Ocean from your luxurious 3 bedroom condo in South Redondo Beach. Enjoy the convenience of being steps from the ocean, restaurants and Redondo Beach Pier. Our tallest building in South Redondo Beach features a penthouse-style condo with one of the largest floor plans at Ocean Plaza. Every room in the condo features a Pacific Ocean view as a backdrop. The updated kitchen includes top-of-the-line Sub Zero and Viking range appliances. The primary suite upstairs features a spa-like bathroom. Ocean Plaza offers controlled access, two parking spots, storage, a gym, a pool, and direct access from the garage to the beach and bike path. Make your home in this exclusive and classy unit! *Some photos have been virtually staged*

Last Agent to Sell the Property

Dominic Kennedy

Real Brokerage Technologies License #02083855 Listed on: 09/27/2023

Co-Listed By

Kirby Gillon

Christie's International Real Estate SoCal License #01960253

Last Buyer's Agent

Christine Anderson

Strand Hill Properties License #02025722

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • 0.55

HOA Fees

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • Mountain

Home Design

  • Traditional Architecture
  • Entry on the 7th floor

Interior Spaces

  • 1,627 Sq Ft Home
  • 2-Story Property
  • Living Room Balcony
  • Den
  • Library

Kitchen

  • Breakfast Bar
  • Convection Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Powder Room
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on upper level
  • Stacked Washer and Dryer Hookup

Parking

  • Tandem Parking
  • Automatic Gate

Pool

  • In Ground Pool
  • Spa

Utilities

  • Space Heater

Listing and Financial Details

  • Assessor Parcel Number 7508-027-057

Community Details

Overview

  • 80 Units
  • Association Phone (310) 878-8789

Amenities

  • Sundeck
  • Community Barbecue Grill
  • Clubhouse
  • Banquet Facilities
  • Billiard Room
  • Meeting Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Card or Code Access

Property Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

0.55 Acres

HOA Fees

$706 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Complex Name: 531 Esplanade HOA
  • Entry Floor: 7
  • Entry Location: Foyer
  • Exclusions: Chandeliers (other light fixtures will be installed)
  • Living Area: 1627
  • Lot Acreage: 0.5548
  • Planned Urban Dev: 0
  • Year Built: 1974
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Laundry - Closet Stacked
  • Flooring: Hardwood, Carpet
  • Appliances: Convection Oven, Range
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Master Suite, WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Counter / Bar
  • Laundry: Laundry Closet Stacked, On Upper Level
  • Total Bathrooms: 3.00
  • Equipment: Garbage Disposal, Microwave, Dishwasher, Refrigerator, Range/Oven, Stackable W/D Hookup
  • Inclusions: W/D, Appliances
  • Price Per S Q F T: 1594.96

Exterior Features

  • Patio: Living Room Balcony
  • Pool Description: In Ground, Association Pool
  • Pool: Yes
  • Spa: Association Spa, Community
  • Spa Yn: Yes
  • View: Coastline, Panoramic, Mountains, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Community Garage, Tandem

Utilities

  • Heating: Electric, Space Heater
  • Security: Automatic Gate, Card/Code Access

Association/Amenities

  • Amenities: Assoc Barbecue, Banquet, Billiard Room, Clubhouse, Exercise Room, Fitness Center, Pool, Security, Spa, Sun Deck, Meeting Room
  • Pet Rules: Call, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Annually
  • HOA Fees: 665.00
  • Phone: 3108788789|
  • HOA Fees: 495.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 7508-027-057
  • Lot Size Area: 24169

Multi Family

  • Number Of Units: 80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2023
Closed on
Oct 5, 2023
Sold by
Buchanan Lori Anne
Bought by
Salvator Terry R
Seller's Agent
Dominic Kennedy
Real Brokerage Technologies
Buyer's Agent
Christine Anderson
Strand Hill Properties
List Price
$2,595,000
Sold Price
$2,595,000
Views
34
Current Estimated Value
$2,521,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$73,515
Avg. Annual Appreciation
-1.17%

Purchase Details

Closed on
Jul 8, 2005
Sold by
Buchanan Lori Anne and Segall Lori Buchana
Bought by
Buchanan Lori Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2000
Sold by
Ewen Elaine S and William H Hannon 1983 Trust
Bought by
Segall Lori Buchanan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Salvator Terry R $2,595,000 California Best Title
Salvator Terry R -- California Best Title
Buchanan Lori Anne -- --
Segall Lori Buchanan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buchanan Lori Anne $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2023 10/16/23 Sold $2,595,000 0.0% $1,595 / Sq Ft
10/01/2023 10/01/23 Pending -- -- --
09/27/2023 09/27/23 For Sale $2,595,000 -- $1,595 / Sq Ft
Source: The MLS

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 $28,837 $2,646,900 $2,303,874 $343,026
2024 $28,837 $2,595,000 $2,258,700 $336,300
2023 $10,002 $883,963 $357,757 $526,206
2022 $9,868 $866,632 $350,743 $515,889
2021 $9,671 $849,640 $343,866 $505,774
2019 $9,482 $824,441 $333,668 $490,773
2018 $9,275 $808,276 $327,126 $481,150
2016 $8,983 $776,891 $314,424 $462,467
2015 $8,816 $765,223 $309,702 $455,521
2014 $8,697 $750,234 $303,636 $446,598
Source: Public Records

Agents Affiliated with this Home

  • Dominic Kennedy

    Seller's Agent in 2023

    Dominic Kennedy

    Real Brokerage Technologies

    (310) 871-6089

    1 in this area

    30 Total Sales

    Dominic Kennedy
    Section Image
  • Kirby Gillon

    Seller Co-Listing Agent in 2023

    Kirby Gillon

    Christie's International Real Estate SoCal

    (310) 729-9977

    1 in this area

    68 Total Sales

    Kirby Gillon
    Section Image
  • Christine Anderson

    Buyer's Agent in 2023

    Christine Anderson

    Strand Hill Properties

    (310) 750-5614

    1 in this area

    17 Total Sales

    Christine Anderson
    Section Image
See All Agents

About Ocean Plaza

Map

Source: The MLS

MLS Number: 23-313509

The MLS

APN: 7508-027-057

California Los Angeles County Redondo Beach 90277

531 Esplanade Unit 716, Redondo Beach, CA

Not Listed for Sale

Condos

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