2223 Mcrae Drive, San Pedro, California 90732, San Pedro, 90732 - 4 bed, 3 bath

2223 Mcrae Drive, San Pedro, California 90732 home-pic-0
ACTIVE UNDER CONTRACT$1,350,000
2223 Mcrae Drive, San Pedro, California 90732
4Beds
3Baths
2,531Sqft
6,572Lot

Price Vs. Estimate

The estimated value ($1,350,000) is $0 (0%) lower than the list price ($1,350,000). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Ocean Views: Offers breathtaking, expansive ocean views including Catalina Island from nearly every southwest-facing room, significantly enhancing property appeal and value.
Top Cons:
History of Price Reductions: Multiple significant price drops from the original list price and an explicit 'motivated seller' indicate potential challenges in market valuation or buyer perception.

Compared to the nearby listings

Price:$1.35M vs avg $1.13M (+$220,000)78%
Size:2,531 sqft vs avg 1,693 sqft89%
Price/sqft:$533 vs avg $66213%

More Insights

Built in 1964 (61 years old).
Condition: The property was built in 1964, making it 60 years old. While the home appears well-maintained with some cosmetic updates like paint and some flooring, the kitchen and bathrooms are significantly dated. The kitchen features older wood cabinets, tile countertops, and dated appliances (except for a newer refrigerator), along with an old fluorescent light fixture. The bathrooms also show older vanities, tile countertops, and dated light fixtures. These key areas suggest renovations that are likely 15-30+ years old, rather than recent. The overall condition indicates that while the home is functional and livable, it requires minor to moderate updates, particularly in the kitchen and bathrooms, to meet current aesthetic and functional standards.
Year Built
1964
Close
-
List price
$1.35M
Original List price
$1.5M
Price/Sqft
$533
HOA
-
Days on market
-
Sold On
-
MLS number
25561877
Home ConditionFair
Features
Excellent View: Ocean, Panoramic
Patio
ViewOcean, Panoramic

About this home

Bring us an offer!!!! New Price- Motivated seller of four bedroom three baths home with fantastic ocean view. South Shores Residence just a block from PV. Expansive ocean views where every day feels like a seaside getaway! Wake up to the beauty that songwriters dream about - endless blue horizons, shimmering Pacific waters, and on most days, the magical outline of Catalina Island. From nearly every southwest-facing room, the ocean is your daily backdrop, bringing peace, inspiration, and a sense of escape. The main floor welcomes you with a warm family room, a powder room, and a formal dining room - ideal for memorable gatherings with friends and family. The entry opens to a bright, airy living room, complete with a stylish bar that can double as a coffee station. The spacious kitchen invites culinary creativity, whether you're cooking indoors or enjoying alfresco meals on the ocean-view patio. Upstairs, the master suite offers breathtaking water views, an ensuite bath, and a generous walk-in closet. Two additional bedrooms and a full bath complete the upper level, connected by a hallway with ample linen storage. Laundry is conveniently located in the attached garage. A truly unique highlight is the inspiring Music Studio, perfect for capturing the rhythm and grandeur of the sea in your own creations. The backyard seamlessly blends indoor comfort with outdoor serenity, offering an additional space to relax, entertain, and savor the fresh sea air. We're here to answer your questions and can't wait to show you this rare coastal retreat - where every sunrise and sunset belongs to you.

Nearby schools

7/10
South Shores/Csudh Visual And Performing Arts
Public,K-50.4mi
4/10
Seventh Street Elementary School
Public,K-51.1mi
4/10
Richard Henry Dana Middle School
Public,6-81.7mi
6/10
San Pedro Senior High School
Public,9-121.5mi

Price History

Date
Event
Price
04/18/23
Sold
$1,365,000
08/22/22
Sold
$1,250,000
Condition Rating
Fair

The property was built in 1964, making it 60 years old. While the home appears well-maintained with some cosmetic updates like paint and some flooring, the kitchen and bathrooms are significantly dated. The kitchen features older wood cabinets, tile countertops, and dated appliances (except for a newer refrigerator), along with an old fluorescent light fixture. The bathrooms also show older vanities, tile countertops, and dated light fixtures. These key areas suggest renovations that are likely 15-30+ years old, rather than recent. The overall condition indicates that while the home is functional and livable, it requires minor to moderate updates, particularly in the kitchen and bathrooms, to meet current aesthetic and functional standards.
Pros & Cons

Pros

Panoramic Ocean Views: Offers breathtaking, expansive ocean views including Catalina Island from nearly every southwest-facing room, significantly enhancing property appeal and value.
Prime Coastal Location: Situated in the desirable South Shores area, just a block from Palos Verdes, providing excellent access to coastal amenities and a prestigious neighborhood.
Generous Living Space & Layout: Features 4 bedrooms, 3 bathrooms, and 2531 sqft with a functional layout including a family room, formal dining, and a master suite with an ensuite.
Unique Dedicated Studio Space: Includes an 'inspiring Music Studio,' offering a distinct and versatile amenity for creative pursuits or a specialized home office.
Inviting Outdoor Entertainment Area: The backyard provides a serene space for relaxation and entertaining, seamlessly extending indoor comfort to outdoor living.

Cons

History of Price Reductions: Multiple significant price drops from the original list price and an explicit 'motivated seller' indicate potential challenges in market valuation or buyer perception.
Potential for Dated Systems/Finishes: Built in 1964, the description lacks specific mention of comprehensive modern updates to major systems or finishes, which may imply a need for future renovations for some buyers.
Absence of Central Cooling: No cooling system is mentioned in the property details, which could be a significant comfort concern and a costly upgrade for prospective buyers, especially during warmer periods.

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