507 Faye Lane, Redondo Beach, California 90277, Redondo Beach, 90277 - 4 bed, 3 bath
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Redondo Beach, California 90277
This property presents a High-Potential Investment Opportunity with a List Price of $1,725,000—positioned well above the $1,465,999 Fair Market Value by -17%. While the pricing reflects a premium, the 4-bedroom, 3-bath layout and 5,938 sqft lot in the prestigious Redondo Heights Estates provide a rare foundation for value-add renovation. With a Condition Rating of 5, the home requires significant modernization, yet benefits from proximity to 9-rated schools like Alta Vista Elementary. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a custom coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 Faye Lane Subject | $1,725,000* List Price | 4 | 3 | 2,148 | $682 | - |
A 312 N Prospect Avenue Sold | $1,450,000 | 4 | 3 | 2,388 | $607 | 0.8 mi |
B 1062 Palos Verdes Blvd Sold | $1,875,000 | 4 | 3 | 2,824 | $664 | 0.8 mi |
C 909 Garnet Active | $1,699,999 List Price | 5 | 3 | 1,660 | $1,024 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1969 and described as a 'blank canvas,' the home is over 50 years old and appears largely original. While it features newer windows, the interior shows dated popcorn ceilings, worn carpeting, and vintage fixtures, indicating a need for a full rehab of the kitchen and bathrooms.
Situated in a highly sought-after South Redondo Beach neighborhood, the property offers exceptional proximity to award-winning schools, local dining, and the world-renowned beach lifestyle.
With 4 bedrooms, 3 baths, and over 2,100 square feet of living space, this home provides a generous footprint that is increasingly rare to find in this competitive coastal market.
The property features 'outstanding bones' and newer energy-efficient windows, serving as a high-quality blank canvas for buyers looking to create a custom dream home.
As a 'blank canvas' offering, the home likely requires significant cosmetic updates and interior renovations to meet modern luxury standards.
The property does not offer the ocean or city light views often sought after in the 90277 zip code, which may impact its competitive edge against view-oriented listings.
A rare offering in 90277! Nestled in one of South Redondo Beach’s most desirable neighborhoods - Redondo Heights Estates - 507 Faye Lane offers spacious coastal living with 4 bedrooms, 3 baths, and over 2,100 square feet of thoughtfully designed space. Outstanding bones with newer e-Efficient windows makes this the blank canvas for the home of your dreams. Set on a generous lot, this property blends comfort, functionality, and timeless appeal just moments from award-winning schools, local dining & entertainment, shopping and the world renowned beach lifestyle. Homes rarley come availble in this community so plan your visit today!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,148 | 1,576 |
| Lot Size | 5,938 | 5,929 |
| Price | $1.73M | $1.80M |
| Price per sq ft | $803 | $1.0K |
| Built year | 1969 | 1963 |
| HOA | $0 | $0 |
| Days on market | 0 | 45 |
Jun 20, 2026
$1,725,000
Initial Listing