NOT LISTED FOR SALE

81 Morningside Dr Manhattan Beach, CA 90266

Estimated Value: $8,041,096 - $9,383,000

5 Beds
6 Baths
4,261 Sq Ft
$2,028/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $5,499,000 $1,291 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $48,533/month

36 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Primary Bedroom Suite
  • Opal Robinson Elementary School Rated A
  • Built in 2018 | Newly Remodeled
  • Ocean Side of Highway 1

About This Home

As of April 2019

Southern California’s version of a coastal brownstone manor, this stately property strikes an iconic presence from a rare corner lot location. With single story Robinson elementary across the way, this particular NW corner lot is situated to offer more open space than most others do; a rarity in the densely populated Sand Section. Ideally located within walking distance of Downtown and the beach. Developed by Balios Capital and expertly built by LuAnn Development, this brand new luxury residence is flooded with natural light while capturing ocean views as well as views of the Peninsula beyond. Designer window treatments, zoned AC, and a complete Sonos AV system are installed throughout; including TV's and built-in speakers. A tremendous amount of consideration has gone into the design of this unique property, fitting it with the finest details and materials that invite a new owner to move in without having to invest further into luxury amenities. The entry level features a large entertainment room with a built-in bar, a guest suite, home office, mud room and three-car garage. The 2nd level showcases high ceilings, a great room with fireplace, a gourmet kitchen with built in dining nook, top of the line Wolf and Sub-Zero appliances and two decks that extend the living spaces outside by way of accordion doors. The top floor offers a total of 4 bedrooms. An exquisite master suite features an open balcony with ocean views, a massive walk-in closet and spa-like master bath.

Last Agent to Sell the Property

Shawn Dugan

Strand Hill Properties License #01749343 Listed on: 02/06/2019

Co-Listed By

David Caskey

eXp Realty of California Inc License #01198999

Last Buyer's Agent

Rachel Ezra

Vista Sotheby’s International Realty License #01396863

Vista Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 2,709 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Level Lot
  • Property is zoned MNRM

Parking

  • 3 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Side by Side Parking
  • Two Garage Doors
  • Driveway

Property Views

  • Ocean
  • City Lights
  • Neighborhood

Interior Spaces

  • 4,261 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Bar
  • Dry Bar
  • Wainscoting
  • Beamed Ceilings
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Double Pane Windows
  • Custom Window Coverings
  • French Mullion Window
  • Wood Frame Window
  • Entrance Foyer
  • Wine Cellar
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Formal Dining Room
  • Home Office
  • Game Room
  • Storage
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Pots and Pans Drawers
  • Built-In Trash or Recycling Cabinet
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Stone Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Low Flow Toliet
  • Soaking Tub
  • Bathtub with Shower
  • Multiple Shower Heads
  • Separate Shower
  • Low Flow Shower
  • Exhaust Fan In Bathroom

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Zoned Heating and Cooling

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 11 / 80
  • Assessor Parcel Number 4181013011

Home Details

Home Type

Single Family

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Zoning: MNRM
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4181013011
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4261.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Dry Bar, Elevator, High Ceilings, Living Room Deck Attached, Pantry, Recessed Lighting, Stone Counters, Storage, Unfurnished, Wainscoting, Wet Bar, Wired for Data, Wired for Sound
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Stone, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room, Separated
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1290.54
  • Room Type: Family Room, Foyer, Game Room, Kitchen, Laundry, Living Room, Master Suite, Multi-Level Bedroom, Office, Separate Family Room, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Window Features: Custom Covering, Double Pane Windows, French/Mullioned, Skylight(s), Wood Frames
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Exhaust Fan(s), Granite Counters, Privacy Toilet Door, Separate Tub And Shower, Soaking Tub, Stone Counters, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Built-In Trash/Recycling, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Lighting, Rain Gutters
  • View: City Lights, Neighborhood, Ocean
  • Patio And Porch Features: Covered, Deck, Patio, Patio Open
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Direct Garage Access, Driveway, Garage, Garage - Two Door, Side by Side
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Gas Range, Microwave, Range Hood, Refrigerator
  • Heating Type: Zoned
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Level with Street, Near Public Transit
  • Lot Size Sq Ft: 2709.00
  • Lot Size Acres: 0.0622

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2709.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Block: 80
  • Tax Census Tract: 6209.04
  • Tax Lot: 11
  • Tax Tract Number: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2019
Closed on
Mar 22, 2019
Sold by
The Michael Greenberg Trust
Bought by
The Boordicharern Children S Trust
Seller's Agent
Shawn Dugan
Strand Hill Properties
Buyer's Agent
Rachel Ezra
Vista Sotheby’s International Realty
List Price
$5,499,000
Sold Price
$5,499,000
Current Estimated Value
$8,197,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,698,067
Avg. Annual Appreciation
6.95%

Purchase Details

Listed on
Sep 16, 2017
Closed on
Feb 22, 2018
Sold by
Balios 81 Morningside Drive Mb Llc
Bought by
Greenberg Michael and The Michael Greenberg Trust
Seller's Agent
Roy Bolling
West Shores Realty, Inc.
Buyer's Agent
Roy Bolling
West Shores Realty, Inc.
List Price
$5,975,000
Sold Price
$5,650,000
Premium/Discount to List
-$325,000
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.31%

Purchase Details

Closed on
Sep 16, 2016
Sold by
Balios 81 Morningside Drive Mb Llc
Bought by
Ballos 81 Morningside Drive Mb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,330,000
Interest Rate
3.43%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 7, 2016
Sold by
Shin Thomas
Bought by
Balios 333 Homer Street Mb Llc

Purchase Details

Closed on
Feb 19, 2016
Sold by
Shin Gina Matsuyama
Bought by
Shin Thomas

Purchase Details

Closed on
Nov 19, 2015
Sold by
Stones Richard E
Bought by
Shin Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2004
Sold by
Stones Richard E
Bought by
Stones Richard E and The Lillian Stones Decedent Trust

Purchase Details

Closed on
Jun 13, 2000
Sold by
Stones Richard E
Bought by
Stones Richard E and Stones Lillian

Purchase Details

Closed on
Sep 24, 1998
Sold by
Stones Lillian I
Bought by
Stones Richard E and Stones Lillian I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.88%
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
The Boordicharern Children S Trust $5,499,000 Fidelity National Title
Greenberg Michael $5,650,000 Old Republic Title Company
Ballos 81 Morningside Drive Mb Llc -- Old Republic Title
Balios 333 Homer Street Mb Llc -- None Available
Shin Thomas -- Lawyers Title
Shin Thomas $2,400,000 Lawyers Title
Stones Richard E -- --
Stones Richard E -- --
Stones Richard E -- --
Stones Richard E -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ballos 81 Morningside Drive Mb Llc $3,330,000
Previous Owner Shin Thomas $1,600,000
Previous Owner Stones Richard E $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2019 04/30/19 Sold $5,499,000 0.0% $1,291 / Sq Ft
03/14/2019 03/14/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $5,499,000 -2.7% $1,291 / Sq Ft
03/02/2018 03/02/18 Sold $5,650,000 -5.4% $1,326 / Sq Ft View Prior Sale
02/19/2018 02/19/18 Pending -- -- --
09/16/2017 09/16/17 For Sale $5,975,000 -- $1,402 / 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 $68,043 $6,134,235 $2,788,796 $3,345,439
2024 $68,043 $6,013,957 $2,734,114 $3,279,843
2023 $66,333 $5,896,037 $2,680,504 $3,215,533
2022 $65,175 $5,780,430 $2,627,946 $3,152,484
2021 $63,938 $5,667,089 $2,576,418 $3,090,671
2020 $63,344 $5,608,980 $2,550,000 $3,058,980
2019 $65,152 $5,763,000 $2,550,000 $3,213,000
2018 $28,393 $2,496,960 $2,496,960 $0
2016 $4,128 $349,872 $178,507 $171,365
2015 $4,046 $344,617 $175,826 $168,791
2014 $4,004 $337,867 $172,382 $165,485
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19028604

California Regional Multiple Listing Service (CRMLS)

APN: 4181-013-011