Manhattan Beach’s Priciest Home Trade Fetches $24.5M

South Bay broker Bryn Stroyke represented the seller this week in Manhattan Beach’s priciest home sale. It’s his third time selling the beachfront property.

Ty Bergman, co-founder of the Bergman Properties team at Equity Union Real Estate, represented the buyer in the $24.5 million sale of 1800 The Strand.

Stroyke, co-founder and partner of Bayside Real Estate Partners and the Stroyke Properties Group team, described the seller as a Hong Kong-based real estate and finance executive. The buyer is retired attorney Patrick Rogan, according to Bergman.

The trade of the five-bedroom, six-bath home marks the largest residential home sale ever for Manhattan Beach, surpassing the last record set in 2017 when the corner-lot home at 1000 The Strand sold for $21 million.

“It’s interesting that the property has set the record every time it has been on the market,” Stroyke said of the three times 1800 The Strand has traded hands.

The property first sold in 1998 for $2.2 million and traded once again in 2011 for $12.3 million, according to records on Zillow. After 2011 it went on and off the market as a rental.

The current roughly 5,300 square-foot home on the prime lot was built in 2020 and has southern exposure, walkability to downtown and the pier — not to mention the view. The property reappeared on the market in 2022 for sale at $27M.

Bergman called the most recent sale an “unprecedented milestone” for the city.

The record-breaking deal is another benchmark for a submarket where Stroyke said activity is “incredibly segmented.” He noted Manhattan Beach has seen a general bounce back in activity over the past three years. This year, however, he said the Oct. 7 attacks in Israel impacted deal flow in the high-end market of properties over $8 million.

Before June 1, there were three high-end home sales, according to Stroyke. Since June 1, there have been four sales in the $8 million-plus tier, with Stroyke involved in three of them. In addition, another two homes went into contract.

“The story right now in Manhattan Beach is that the high-end market is waking up,” Stroyke said.