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Manhattan Beach: Manhattan Village... The $500,000 Price Difference

By
Real Estate Agent with Real Estate West BRE# 701315
Pool Area Manhattan Village

For those of you not familiar with Manhattan Village it is the only gated community in the South Bay/Beach Cities. The Village is a mix of single family homes, Court homes(townhomes) and Patio homes ( townhomes) and is located behind the Manhattan Village Mall. The Village is home to a number of celebrities who travel a great deal because they can lock the house, take off and know it will be secure from fans who want to see where Joe and Jenny Famous live. The Village is also home to a wide variety of residents from young singles to older residents who wanted to downsize but stay in Manhattan Beach.

 For the purpose of our tale I'm only going to talk about the two bedroom plans. We'll save the story about the village as a whole for another post.. The townhomes (Court and Patio styles) range in size from about 1450 to 2100 square feet. Prices vary greatly according to unit size and view. Homes that overlook the golf course are more expensive then those that do not have a view. The Plan I, Plan II and Plan 5 are the two bedroom models. They are 1450 -1583 square feet and range in price from $775,000 to $1,300,000. Now that's a rather large price differential.. so what's the deal? 

 
 Plans I, II, III and 4 Court Homes Manhattan Village    
  Plan 5 Patio Home Manhattan Village


For those of you who are curious about why there is such a big difference in prices for similar square feet... $500,000+   >>> Please read the rest of the story>>>   I think you will be surprised...

 

 

 

All content copyright © 2007   Kaye Thomas  

 

Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Kaye,

O.k., you've got me (only because it's you, lol) I'll go on to the "rest of the story"...sounds like Paul Harvey, doesn't it?

Jun 28, 2007 04:29 PM
Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA
Lynda- I thought it would be fun...
Jun 28, 2007 04:34 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Kaye,

Been there, you are so right on this one. I couldn't agree more!

Jun 28, 2007 04:37 PM
Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA
Lynda-You missed  some of the post as Blogger decided to be weird.. but I think there is money to be made if builders would build nice 55+ homes in the beach cities instead of moving them inland and making the look like bad apartment buildings.. 
Jun 28, 2007 05:08 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Great points, Kaye. As the population changes demographically and the seniors bracket continues to growing faster than any other age group, this is an issue more communities (and builders) will need to recognize. It also presents some terrific opportunities. The issue for some  in this group, particularly as some of the boomers age, is affordability.

Thanks for sharing your thoughts on a timely subject. I think there are some communities that are better off in terms of 55+ housing that MB is.

Jeff

Jun 28, 2007 06:17 PM
Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA
Jeff- I think most places have better plans for 55+ housing then LA County..and certainly better then the beach cities.. it's a very lucrative market and I am always surprised at how many builders don't think about capitalizing on it..
Jun 28, 2007 07:32 PM
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate
Kay - Loved this post.  I seldom click to read "the rest of the story".  I did this time because you had given so much valuable information on this post I was compelled to learn more.  Great post.  And great info. You've made all the BGHS alums proud!
Jun 29, 2007 04:25 AM
Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA
Marlene- I'm always torn about the link posts but I do it periodically as I don't want to get caught by Google with too many duplicate pages and often don't have time to rewrite blogs to post to AR and my other blog..  Speaking og BGHS.. I wonder how the mini reunion was...
Jun 29, 2007 04:34 AM