Torrance Oceanfront Home at 529 Paseo De La Playa Sells for $5,650,000
While the homes in the Hollywood Riviera have a Redondo Beach mailing address they’re actually residing in the city of Torrance….which means Torrance has beachfront homes (and a beach….but that’s another topic)
One notable sale was the oceanfront home located at 529 Paseo De La Playa. This oceanfront “project” home just closed escrow at $5,650,000 and has all the makings of a real legacy type property. It’s likely to get a major overhaul but it’s a special property for sure.
View the current houses for sale in the Hollywood Riviera
The two story single family home was a very clean but still fairly original with popcorn ceiling, wood paneling and more. It had clearly been well maintained and had a great, and fairly rare flat yard overlooking the ocean and they had recently done a major project to shore up the hill and had created a trail to the beach which is no small task and approval from the California Coastal Commission can take years and years if approved at all.
Listing courtesy of Hal Licht & Howard Wood – Vista Sotheby’s International
single family homes. The median list price for the closed sales was $1,200,000 with the median sales price of $1,177,500 indicating that it is still a solid seller’s market. That does seem to be shifting somewhat with the playing field leveling just a bit. The least expensive home sale during October was $820,000 for a 3 bedroom, 2 1/2 bath single family home at 4414 Highgrove and the most expenseive sale of the month was a Louis Tomaro designed home at 
