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1240 5th St, Manhattan Beach, CA 90266

Sale Price: $10,300,000
Apr 10, 202410,009 sqft7 beds8 baths
Listed by: Nicholas Schneider
License #: 01867363
Phone #: 310-241-3038
Compass
Source:
CRMLS Logo
MLS #: SB24070858

Property Description

Rarely does an opportunity come available to own a home on this highly sought after private road in East Manhattan Beach. This sprawling estate offers over 10,000 square feet of lavish living space, including 7 bedrooms and 7.5 bathrooms, set on a premier 15,000 square foot lot. Step into grandeur through the majestic foyer, featuring an imperial staircase that sets the tone for comfortable elegance. The home is exquisitely designed with a careful balance of form and function that make this oasis RARE. Step outside and be greeted by the equally impressive exterior of the property, boasting lush landscaping and mature trees that offer both privacy and seclusion. Whether you're entertaining guests or seeking a quiet retreat, the seamless indoor/outdoor living spaces provide the perfect setting. The primary retreat is incredibly spacious with lavish amenities including a spa-like bath, walk-in closet with separate walk-in shoe closet and dressing room. Other notable highlights include an executive home office, sports bar with entertaining room, in-home theater, fitness studio, wine cellar speakeasy, convenient gift wrapping/storage room, dual-sided garages, sparkling pool and spa, outdoor shower, outdoor firepit & BBQ area. This is the epitome of luxury living in Manhattan Beach and minutes to everything this incredible beach town has to offer!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$155,763

TurboHome Estimated Value

$10,841,600

$1,083 sqft

High Valuation
$11,383,680
$1137/sqft
Normal Valuation
$10,841,600
$1083/sqft
Low Valuation
$10,299,520
$1029/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1083/sqft$10,841,600

Neighborhood

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Comparative Value

$10.30M

$11.00M

$11.30M

$11.97M

1240 5th St, Manhattan Beach, CA 90266

Sale Price: $10,300,000

Selected Comparable

2965 La Carlita St, Hermosa Beach, CA 90254

Sale Price: $11,000,000

Selected Comparable

1240 5th St, Manhattan Beach, CA 90266

List Price: $11,299,000

Subject Property

1156 6th St, Manhattan Beach, CA 90266

Sale Price: $11,975,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1240 5th St, Manhattan Beach, CA 90266

1240 5th St, Manhattan Beach, CA 90266

List: $11,299,000

Listed: 4/10/2024

Area:10,009 sqft
Price/sqft:$1,129
Beds:7
Baths:8
Year Built:
Lot Size:15,006

Comparable Properties

COMPARABLE
Choose comps
1240 5th St, Manhattan Beach, CA 90266

1240 5th St, Manhattan Beach, CA 90266

Sale: $10,300,000

10/16/20240.00 mi

Area:10,009 sqft
Price/sqft:$1,029
Beds:7
Baths:8
Year Built:
Weight:42.3%
2965 La Carlita St, Hermosa Beach, CA 90254

2965 La Carlita St, Hermosa Beach, CA 90254

Sale: $11,000,000

11/8/20240.50 mi

Area:7,832 sqft
Price/sqft:$1,404
Beds:7
Baths:8
Year Built:
Weight:33.7%
1156 6th St, Manhattan Beach, CA 90266

1156 6th St, Manhattan Beach, CA 90266

Sale: $11,975,000

9/20/20240.12 mi

Area:8,100 sqft
Price/sqft:$1,478
Beds:8
Baths:9
Year Built:
Weight:24.0%

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