In Long Beach real estate, $ 4 million is the new $ 1 million • Long Beach Post News



And then they can turn their lives around and buy a home for a million dollars. Again, big deal. The entire eastern section of the city, from Belmont Shore to the Hawaiian Gardens border, is covered in million dollar homes, or homes that cost between $ 1 million and $ 1.25 million.

Many of these are three-bedroom, two-bathroom homes and could possibly be improved a little to take them north, between $ 800,000 and $ 900,000, a price range that is alarmingly typical for homes in such places. like Los Altos and the Plaza neighborhoods – homes that were never meant to drop your jaw or save money on a down payment. They were built and acquired by single-income middle-class families back in the middle-class days of Long Beach, thanks to fairly paid work in shipyards and in the aerospace industry.

Today, $ 4 million is a new $ 1 million, as that is how much it takes to buy a house that will arouse admiration, if not outright greed, by passers-by.

It has been about 40 years since a million dollars could have bought luxury in Long Beach. Realtor Keith Moorhead, now at Compass, specializes in real estate in Naples and the peninsula, and he recalls the first time he heard about the sale of a home in Long Beach for a million dollars. “It was right in the sand on a huge piece of land on Ocean Boulevard in Balboa Place on the peninsula. My tennis coach told me about it and it was big news: a million dollar house. ” How much will real estate cost today? “My God, it must be at least $ 5 million,” he said.

Today, Long Beach has only five single-family homes worth over $ 4 million. Long Beach luxury homes.

You go to Los Angeles, $ 4 million is nothing. This is their equivalent of a $ 20 bill. You give $ 4 million to a homeowner in Los Angeles and he buys a car with it or gives it to his kids. I recently saw an ad for a mansion in Los Angeles where the salesman lowered the price by $ 100 million… Reduced!

But Long Beach buys the best for $ 4 million or more, which is why realtors always say Long Beach is the most affordable seaside settlement. You will never see real estate in this city where the price is reduced by $ 100 million.

However, you can see a decline in prices per million. The owners of what may still be the most expensive home sold in Long Beach, a mansion on the banks of the Giralda, 93 in Naples, recently dropped a million dollars from their list price of nearly $ 9 million, so they now think of almost $ 8 million. …

You can buy the most expensive home in Long Beach on Giralda Street for $ 8 million and save a million as well. Listing photos.

This is an awfully luxurious home, definitely not what you would consider a laid-back beach area. You would feel like a mess if you were dressed in something more shabby than a top hat and coattails when you enter the marble-floored lobby with its high ceiling, glittering chandelier and grand staircase leading to the second floor. I was drooling over it previous column and it has definitely not deteriorated in the 134 days since the listing agent entered the market. Josh Reef Douglas Elliman, Beverly Hills.

The large 7,730 square foot home sits on a massive 8,960 square foot plot and includes five en suite and 7.5 en suite bedrooms, a couple of fireplaces, an exercise pool and a host of other amenities. I still don’t understand why this is the most expensive home in Long Beach, given that it’s not on the water, but it just goes to show that you cannot have everything, no matter how much money you spend.

Free Falling Couple Million Dollars – A glitzy $ 5 million Mediterranean mansion on the peninsula’s boardwalk in 5601 E. Seaside walk… Enumerated Spencer SnyderThe, three-story, four-bedroom, seven-bathroom waterfront home has nearly 6,000 square feet of living space topped with an open floor on the third floor with a large vaulted room and a spacious dining room with wooden sliders that open. to a balcony with a built-in barbecue and stunning views of the Pacific Ocean and the coast.

This peninsula sand house is on sale for $ 5 million. Listing photos.

The main suite on the second floor is as large as the ballroom and has its own balcony, again with endless views.

Amenities include a gym, a five-car garage and an elevator that reaches all three floors.

At that price, the house doesn’t move that fast. On the market for about 10 months.

House # 3 on our scorecard is another seaside house on the peninsula at 2 Laguna Place, listed Kate Muirheadwho entered the market for a million dollars with the sale of a house on the Rivo Alto Canal in 1998 for $ 1.2 million. Muirhead’s commission of about $ 25,000 allowed him to take his family on three weeks of vacation to England, Denmark and France.

Designed by Ed Killingsworth, this 2 Laguna Place beach house is on sale for a $ 4.979 million discount. Listing photos.

When I first wrote about this ad In February last year, the sale price was $ 5.18 million. You can now pick it up for $ 4.979 million. Designed by the famous Long Beach architect. Ed Killingsworth In 1956, this is appropriately mid-century modernity, with Killingsworth’s trademarks such as the floating wooden staircase, Catalina stone walls, and the lavish use of glass bringing the Pacific Ocean right into your living room. Four bedrooms and four bathrooms are on a corner plot and have a living area of ​​3,375 square feet.

The new kid at the over $ 4 million club – the last house on the peninsula, a stone’s throw from Seal Beach, not far from a 72-car parking lot – so there is plenty of parking for guests, as well as a five-car garage.

Enumerated Shannon Jones The $ 4.5 million contemporary-designed home at 7023 E. Seaside Walk is bright and airy, with lots of windows (can we just stipulate that houses on the water will have lots of windows?) And stunning views of the Alamitos Bay and the Pacific Ocean from six windows. balconies.

A new home on the outskirts of the peninsula is estimated at $ 4.5 million. Listing photos.

An important feature of this three-storey house, built in 1969 and renovated in 1975, is its rooftop terrace, which is ideal for entertaining with views of the surroundings, as well as a summer kitchen and barbecue.

The five-bedroom, four-bathroom home just hit the market last week.

And so we come to the most affordable over $ 4 million home in Long Beach, which is hard to believe has been on the market for a year. Another $ 4.2 million listing by Keith Muirhead: a four-bedroom, four-bathroom home on Rivo Alto Canal 220, ideally located at the junction of the Colonnade, Naples and Rivo Alto canals and overlooking the Alamitos Bay and scenic views. sunsets.

This home in Naples on the Rivo Alto canal is valued at $ 4.2 million. Add another $ 4 million and you have a neighboring lot. Listing photos.

The home includes a 45-foot open water dock with no bridges to hide under for direct access to the bay and open water.

Add another $ 4 million and you can pick up large plot next door, the last undeveloped plot in Naples, for your own private park or for doubling the size of your house.


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