Big Sale in Hermosa But Below the Prior Sale Price
730 24th Place Place, Hermosa Beach - Sold for $4,950,000
The beautiful ocean view home at 730 24th Place in Hermosa Beach just sold at an impressive price of $4,950,000 but is proof that home values in this coastal town don’t ALWAYS go up.
The home was built in 2021 and sold, to the recent sellers, at $5,400,000 in August of 2022. The home came back on the market about a year later listed at $5,799,000. The agents and sellers dramatically lowered the price to $4,999,995 a few months later and then it was relisted in early 2024 at that same $4,999,995 price. It just recently closed escrow at $4,950,000 which is certainly an impressive price, but the $450,000 decrease in value over the 18 months of ownership was unusual in today’s market.
The home featured 6 bedrooms and over 4,700 square feet on multiple ocean view levels.
730 24th Place Facts and Features
- 6 bedrooms
- 6 bathrooms
- 4,725 square feet* (approx)
- 4,060 oceanview lot
- Built in 2021
- Sold for $4,950,000
- Listed by Andrea Don & Greg Geilman – DOMO Real Estate – 310-788-0700