
Long Beach, California 90803
This Luxury Waterfront Craftsman is a Strong Value Opportunity, listed at $5,000,000—positioned well below the $5,423,836 Fair Market Value by 7%. This valuation gap offers $423,836 in Instant Equity for the incoming owner. Maintaining a Good Condition Rating, the 2008-built residence features panoramic bay-to-ocean views, a 1,200-bottle wine cellar, and a gourmet chef’s kitchen. Located in the exclusive Peninsula community within the Long Beach Unified district, it balances high-end lifestyle perks with significant financial upside. This is an ideal acquisition for Owner-Occupants or Luxury Home Buyers seeking a move-in-ready coastal sanctuary with built-in wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5503 E Ocean Boulevard Subject | $5,000,000* List Price | 4 | 3 | 3,422 | $1,550 | - |
A 59 Rivo Alto Canal Sold | $5,250,000 | 5 | 5 | 3,420 | $1,535 | 0.3 mi |
B 85 Rivo Alto Canal Sold | $3,695,000 | 4 | 4 | 2,363 | $1,564 | 0.4 mi |
C 5537 E Seaside Walk Active | $3,895,000 List Price | 3 | 3 | 2,776 | $1,403 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, this property falls within the 10-20 year age range for a 'good' rating. The home is move-in ready and features high-quality finishes such as distressed hickory floors, custom cabinetry, and a gourmet kitchen with top-of-the-line appliances and an oversized island. While the property is exceptionally well-maintained with premium upgrades like a 1,200-bottle wine cellar and accordion doors, it does not meet the 'excellent' criteria of being built within the last 10 years or having a documented full renovation within the last 5 years.
Situated on a premier corner lot, this residence offers rare, sweeping vistas of Alamitos Bay, the Pacific Ocean, and Catalina Island from nearly every vantage point across all three levels.
Built in 2008, the home features superior finishes including distressed hickory floors, bespoke stained-glass entry doors, and a temperature-controlled 1,200-bottle wine cellar.
The open-concept second level utilizes expansive accordion doors that lead to a full-length bay-front terrace, perfectly designed for high-end coastal entertaining.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2572, living area = 3422.
The three-story layout, with the primary sanctuary located on the top floor, may be a drawback for buyers with mobility concerns as no elevator is mentioned.
While offering extensive terraces, the compact 2,572 sqft lot provides minimal traditional yard or garden space, which is common for the Peninsula but may limit some buyers.
A rare Peninsula masterpiece with commanding bay-to-ocean views, this exceptional 3 story California Craftsman is one of the most coveted waterfront offerings along the Peninsula. Built in 2008 on a premier corner lot, the residence captures sweeping panoramas of Alamitos Bay, the Pacific Ocean, the marina, Catalina Island, the Queen Mary & the surrounding mountains-an ever-changing coastal backdrop from nearly every vantage point. Rich in craftsmanship & refined finishes, the home showcases distressed hickory floors, custom cabinetry on every level, a dramatic foyer introduced by bespoke stained-glass entry doors, and more (See Supplements for list of extensive upgrades.) Designed for relaxed entertaining; the main floor features a spacious family room with custom built-ins & bar. French doors open to a bay-front patio, perfect for evening sunsets. This level also includes a temperature-controlled 1,200-bottle wine cellar, a charming guest suite, a secondary bedroom, & a beautifully finished full bath. The garage offers a 40-amp charging port. Second level maximizes the home’s extraordinary vistas, the open-concept living, dining, & kitchen areas unfold with sweeping views. Expansive accordion doors open to a full-length bay-front terrace, delivering seamless indoor-outdoor living. The dining room & convertible bedroom enjoy ocean & island views. The gourmet kitchen is a chef’s statement, featuring a suite of top-of-the-line appliances, dual sinks & an oversized island with cooktop. Light-filled living & informal dining areas offer built-in seating, custom cabinetry & a wood-burning fireplace, all flowing effortlessly to the terrace & built-in grill. A dedicated laundry room & a three-quarter bath complete this level. The entire third level is devoted to a luxurious primary sanctuary including a generous walk-in closet, spa-inspired bath, & a dedicated workout area overlooking the ocean. An expansive view deck invites sun-soaked afternoons & unforgettable sunsets across the bay, ocean, & mountains. This extraordinary waterfront residence is a masterclass in thoughtful design & timeless coastal elegance - where every floor reveals a new perspective, and every sunset feels like a private showing. Set in one of the coast’s most coveted and rarely available locations, this estate delivers the ultimate lifestyle with effortless access to the Yacht Club, canals, Belmont Shore’s shops & dining, and miles of scenic bike paths and boardwalk just outside your door.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,422 | 2,086 | 91% |
| Lot Size | 2,572 | 3,017 | 34% |
| Price | $5.00M | $1.88M | 94% |
| Price per sq ft | $1.5K | $917 | 90% |
| Built year | 2008 | 1948 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 186 | 10% |
Feb 19, 2026
$5,000,000
Initial Listing