The Manhattan Beach price diet: Reduced by $800,000
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A quickie from Manhattan Beach Confidential about the pressures on builders of high-end custom spec homes: 560 36th St., pictured at left, has been reduced in price by $800,000 since March, from $2.99 million to $2.19 million.
MB Confidential actually likes the house: ‘It’s big – 4br/4ba and 3800 sq. ft., a good 500+ sq. ft. larger than the typical Tree Section newbie. And though it’s sharply modern in style, we’ve always liked the warmth of some of the materials and the overall flow of the house.... Though the builder thought $3m to start was reasonable, just 2 months later, the price was already down $500k/-17% and the listing was screaming ‘please submit all reasonable offers!’(Listing price history taken from Redfin.)’
-- Peter Viles
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