NOT LISTED FOR SALE

721 Esplanade Unit 307 Redondo Beach, CA 90277

Estimated Value: $1,950,000 - $2,247,860

2 Beds
2 Baths
1,231 Sq Ft
$452/mo HOA Fee

Last Sold February 01, 2024

Last sale price $2,200,000 $1,787 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $13,127/month

19 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Fitness Center
  • Alta Vista Elementary School Rated A+
  • Property has ocean access
  • Primary Bedroom Suite

About This Home

As of February 2024

THE WAIT IS FINALLY OVER!
The big debut of this stunning Unicorn is finally here and it is ready to strut its stuff!

Welcome to the very coveted Oceania building at 721 Esplanade. This is a once-in-a-lifetime chance to own a very rare and private 2-bedroom west corner unit with the very best views in town! Providing you total privacy with no nearby condos peeking in! I'm talking panoramic white water, jaw-dropping ocean views that reach far beyond Point Vicente Lighthouse to Catalina Island and up the coast to Malibu and beyond.

This gorgeous Stud is trotting down the runway showing off his complete makeover! Completely remodeled with top-of-the-line everything! We're talking engineered hardwood floors throughout, a gleaming new kitchen with top-of-the-line appliances, an updated primary ensuite, and huge Fleetwood sliding doors that open the entire west-facing wall, providing you with your very own private oasis. The large private patio provides you with your very own front-row VIP seats to all that the South Bay coastline has to offer. Ranging from stunning sunsets year-round to the 4th of July Redondo Beach fireworks extravaganza to whales cruising, dolphins flipping, birds soaring, surfers surfing, and the tranquil sound of the waves crashing!

Also included are 2 side by side parking spots located next to the elevator with extra storage! Direct beach access and minutes from the very hip Riviera and the Redondo Pier & of course the bi-yearly Beach Life Festival which is a quick 5-minute bike ride away. The Oceania has very low hoa fees and all your fur babies are welcomed here!

Please take note that the Oceania interior courtyard is currently undergoing a complete remodel, which is estimated to be completed within the next 8 weeks, so please be mindful to take caution when walking into the building. The seller will also be installing brand-new windows in the 2 bathrooms and the 2nd bedroom within the next 2 weeks.

It is extremely rare for a 2 bedroom corner unit in this building to be available for sale to the public. The owner waited 3 years to be able to purchase this unit and once obtained, they poured their heart and soul into customizing it to their highest standards. So for them to have to sell their studly Unicorn has not been an easy choice for them. Guaranteed it will not stand still for very long, do not make haste! Check it out before it turns into a Pegasus & flies out of reach.

Last Agent to Sell the Property

Lisa Moule

Vista Sotheby’s International Realty License #01870856 Listed on: 11/25/2023

Last Buyer's Agent

Fei Li

Latitude 33 Real Estate License #02075610

Latitude 33 Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • Beach Front
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • West Facing Home

HOA Fees

  • $452 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Attached Carport
  • Parking Available
  • Automatic Gate
  • Assigned Parking
  • Controlled Entrance

Property Views

  • White Water Ocean
  • Marina
  • Catalina
  • Panoramic

Home Design

  • Entry on the 2nd floor
  • Turnkey

Interior Spaces

  • 1,231 Sq Ft Home
  • Bar
  • Dry Bar
  • Recessed Lighting
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Wood Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Self-Cleaning Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Makeup or Vanity Space
  • Low Flow Toliet
  • Bathtub with Shower
  • Closet In Bathroom

Home Security

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Balcony
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating
  • Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 24942
  • Assessor Parcel Number 7508001061
  • $362 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 28 Units
  • Oceania Association, Phone Number (310) 316-5885
  • Classic Mgmt HOA
  • 6-Story Property

Amenities

  • Sauna
  • Recreation Room
  • Laundry Facilities

Recreation

  • Fitness Center
  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1971 | Remodeled

Lot Details

0

HOA Fees

$452 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Unicorn
  • Property Attached: Yes
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Smoke Detector(s)
  • View: Yes
  • Zoning: RBMDR*
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7508001061
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1231.00 Square Feet
  • Interior Amenities: Balcony, Bar, Dry Bar, Living Room Deck Attached, Recessed Lighting
  • Stories: 6
  • Common Walls: 1 Common Wall, End Unit, No One Below
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1787.16
  • Room Type: Kitchen, Living Room, Primary Suite, Walk-In Closet
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower In Tub, Closet In Bathroom, Remodeled, Upgraded, Vanity Area
  • Room Kitchen Features: Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • View: Catalina, Marina, Ocean, Panoramic, White Water
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Controlled Entrance, Direct Garage Access, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Refrigerator, Self Cleaning Oven, Water Heater
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Sauna, Gym/Ex Room, Recreation Room, Insurance, Trash, Sewer, Water, Pets Permitted, Controlled Access
  • Association Fee: 452.00
  • Association Fee Frequency: Monthly
  • Association Name: Oceania
  • Phone: 310-316-5885
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Sidewalks, Street Lights
  • Association Management: Classic MGMT

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 17808.00
  • Lot Size Acres: 0.4088
  • Latitude Manual: 33.83033000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 17808.0000 Square Feet
  • Number Of Units In Community: 28
  • Number Of Units Total: 28
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 6213.24
  • Tax Lot: 1
  • Tax Tract Number: 24942
  • TaxOtherAnnualAssessmentAmount: 362.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2023
Closed on
Jan 2, 2024
Sold by
Lu Dah Kae
Bought by
Lin Xuan
Seller's Agent
Lisa Moule
Vista Sotheby’s International Realty
Buyer's Agent
Fei Li
Latitude 33 Real Estate
List Price
$1,895,000
Sold Price
$2,200,000
Premium/Discount to List
$305,000
16.09%
Views
44
Current Estimated Value
$2,111,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$88,035
Avg. Annual Appreciation
-2.04%

Purchase Details

Listed on
Nov 25, 2023
Closed on
Dec 27, 2023
Sold by
Sas Beach Llc
Bought by
Lin Xuan
Seller's Agent
Lisa Moule
Vista Sotheby’s International Realty
Buyer's Agent
Fei Li
Latitude 33 Real Estate
List Price
$1,895,000
Sold Price
$2,200,000
Premium/Discount to List
$305,000
16.09%
Views
44

Purchase Details

Closed on
Dec 6, 2022
Sold by
Sunny Sherman Trust
Bought by
Sas Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2013
Sold by
Gamble Martha E and The Martha E Gamble Family Tru
Bought by
Sherman Sunny and Sunny Sherman Trust

Purchase Details

Closed on
Dec 20, 2012
Sold by
Gamble Martha E
Bought by
Sherman Sunny and Sunny Sherman Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lin Xuan -- Progressive Title
Lin Xuan $2,200,000 Progressive Title Company
Sas Beach Llc $1,800,000 Progressive Title
Sherman Sunny -- None Available
Sherman Sunny -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sas Beach Llc $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2024 02/01/24 Sold $2,200,000 0.0% $1,787 / Sq Ft
12/26/2023 12/26/23 Pending -- -- --
12/19/2023 12/19/23 Off Market $2,200,000 -- --
12/06/2023 12/06/23 Price Changed $1,895,000 0.0% $1,539 / Sq Ft
12/06/2023 12/06/23 For Sale $1,895,000 -13.9% $1,539 / Sq Ft
11/10/2023 11/10/23 Off Market $2,200,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,494 $2,244,000 $2,106,708 $137,292
2024 $20,494 $1,836,000 $1,285,200 $550,800
2023 $8,530 $744,587 $590,827 $153,760
2022 $8,418 $729,989 $579,243 $150,746
2021 $8,261 $715,677 $567,886 $147,791
2019 $8,102 $694,452 $551,044 $143,408
2018 $7,922 $680,837 $540,240 $140,597
2016 $7,677 $654,402 $519,263 $135,139
2015 $7,537 $644,574 $511,464 $133,110
2014 $7,438 $631,949 $501,446 $130,503
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23197655

California Regional Multiple Listing Service (CRMLS)

APN: 7508-001-061