531 531 Esplanade 903, Redondo Beach, California 90277, Redondo Beach, 90277 - 1 bed, 2 bath

531 531 Esplanade 903, Redondo Beach, California 90277 home-pic-0
ACTIVE$1,325,000
531 531 Esplanade 903, Redondo Beach, California 90277
1Bed
2Baths
982Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Top Cons:
Single Bedroom Configuration: The property's one-bedroom layout significantly limits its appeal to a narrower demographic, potentially impacting resale value and buyer interest.

Compared to the nearby listings

Price:$1.32M vs avg $1.18M (+$150,000)68%
Size:982 sqft vs avg 1,290 sqft30%
Price/sqft:$1.3K vs avg $90196%

More Insights

Built in 1974 (51 years old).
Condition: Despite the building's 1974 construction, the unit has undergone an extensive and high-quality contemporary renovation. The kitchen features modern dark cabinetry, quartz countertops, stainless steel appliances (including a wine fridge), and recessed lighting. Both bathrooms are beautifully updated with modern vanities, fixtures, and large-format tiling. The living areas boast laminate wood flooring and a stylish light fixture, indicating virtually new components throughout the interior, meeting current quality standards.
Year Built
1974
Close
-
List price
$1.32M
Original List price
$1.38M
Price/Sqft
$1,349
HOA
$788
Days on market
-
Sold On
-
MLS number
SB25228478
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Park/Greenbelt, Marina, Mountain(s), Neighborhood, Ocean, Pier, Water
Deck
Pool
Spa
ViewCity Lights,Coastline,Park/Greenbelt,Marina,Mountain(s),Neighborhood,Ocean,Pier,Water

About this home

Experience coastal living at its finest in this top-floor penthouse, offering sweeping ocean, park, and city views. This spacious 1-bedroom, 1.5-bath residence has been tastefully updated in a contemporary style, offering comfort and sophistication. The open living and dining area features laminate wood flooring and flows seamlessly to two balconies, perfect for enjoying sunsets, sparkling ocean views stretching along the sandy beaches of South Redondo, all the way to Malibu, and the dramatic backdrop of DTLA and the Mountains. The kitchen is appointed with quartz counters, stainless steel appliances, wine fridge and modern finishes, while the convenience of an in-unit stackable washer and dryer makes daily living effortless. The generous bedroom suite includes direct balcony access, a beautifully updated bath, and an immense walk-in closet that provides exceptional storage. A guest powder room completes the floor plan. Amenities include a clubhouse, swimming pool, hot tub, fitness center, and secure gated entry. Two-car tandem parking plus additional storage offer plenty of room for vehicles and coastal gear. Residents enjoy direct access from the garage to the beach and bike path, and the home is just steps to the weekly Farmers Market, Veterans Park, and minutes to shopping and fine dining in the Riviera Village. This penthouse combines convenience, style, and panoramic views for the ultimate South Bay beach city lifestyle.

Nearby schools

9/10
Alta Vista Elementary School
Public,K-50.8mi
9/10
Tulita Elementary School
Public,K-51.2mi
9/10
Anza Elementary School
Public,K-51.4mi
8/10
Towers Elementary School
Public,K-51.5mi
8/10
Victor Elementary School
Public,K-51.6mi
9/10
Seaside Elementary School
Public,K-51.8mi
8/10
Riviera Elementary School
Public,K-52.1mi
8/10
Jefferson Middle School
Public,6-81.9mi
8/10
Bert M. Lynn Middle School
Public,6-81.9mi
7/10
Calle Mayor Middle School
Public,6-82.0mi
8/10
Edward J. Richardson Middle School
Public,6-82.1mi
9/10
West High School
Public,9-121.5mi
9/10
South High School
Public,9-122.2mi

Price History

Date
Event
Price
03/03/00
Sold
$310,000
06/10/97
Sold
$173,000
11/23/20
Sold
$1,200,000
10/02/15
Sold
$624,000
Condition Rating
Excellent

Despite the building's 1974 construction, the unit has undergone an extensive and high-quality contemporary renovation. The kitchen features modern dark cabinetry, quartz countertops, stainless steel appliances (including a wine fridge), and recessed lighting. Both bathrooms are beautifully updated with modern vanities, fixtures, and large-format tiling. The living areas boast laminate wood flooring and a stylish light fixture, indicating virtually new components throughout the interior, meeting current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Unparalleled Panoramic Views: Offers sweeping ocean, park, city, Malibu, DTLA, and mountain views from its top-floor penthouse position and two private balconies.
Prime Coastal Location & Direct Access: Provides direct access to the beach and bike path, and is steps away from the Farmers Market, Veterans Park, and minutes from Riviera Village.
Modern & Tasteful Interior Updates: Features a contemporary design with laminate wood flooring, a fully updated kitchen with quartz counters and stainless steel appliances, and renovated bathrooms.
Extensive Community Amenities: Residents benefit from a clubhouse, swimming pool, hot tub, fitness center, secure gated entry, two-car tandem parking, and additional storage.
Penthouse Exclusivity & Convenience: As a top-floor penthouse, it offers enhanced privacy and includes practical features like an in-unit stackable washer and dryer.

Cons

Single Bedroom Configuration: The property's one-bedroom layout significantly limits its appeal to a narrower demographic, potentially impacting resale value and buyer interest.
Substantial Monthly Association Fees: A monthly association fee of $788 is notably high, adding a considerable recurring cost to ownership.
Building Age: Constructed in 1974, the building's age, despite interior renovations, may raise concerns about potential future building-wide maintenance or special assessments.

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