A beachfront residential compound comprising two parcels in Redondo Beach, California, was sold earlier this week for $22.65 million, the highest sales price in the entire South Bay from Manhattan Beach to Palos Verdes, according to agents and Multiple Listing Service records.
The compound was listed for $25 million in September and went into contract in January. The sale closed Tuesday with a final price of $22.65 million, according to records on listing site Redfin.
“This is one of the most beautiful and unique beach properties to ever hit the market in any of the local beach cities,” said Matt Altman of Douglas Elliman, said Matt Altman of Douglas Elliman, who represented the buyer with his brother Josh Altman.
“This trophy property would be almost impossible to recreate. It’s a double lot with no neighbor to the north, which allows for unobstructed views forever,” he said.
Mr. Altman declined to disclose the identity of the buyer, only pointing out he is an international businessman.
The buyer intends to use it as a summer home, according to listing agent Chris Adlam of Vista Sotheby’s International Realty. The seller, whose identity is shielded by a trust, “had multiple homes and felt it was time for someone else to enjoy the property,” Mr. Adlam said.
The main residence has over 10,000 square feet of living space, while the “companion house” has over 5,500 square feet. Both are located behind gated entrances and have direct access to the sandy beach, a pool with spa, a private sand volleyball court, a yard and parking garages, according to the previous listing with Mr. Adlam.
Other features of the homes include a movie theater, a gym, wine cellar, game room, library, pizza oven, smart home automation, lighting and air conditioning systems.