
Hermosa Beach, California 90254
This Luxury Coastal Development Site is listed at $3,499,000, positioned near its $3,398,417 Fair Market Value to reflect the extreme scarcity of oversized land in North Hermosa. Currently holding a Condition Rating of 5, the 1951 structure is a prime candidate for a teardown to maximize the massive 8,444 sq ft lot. Featuring Unobstructed Ocean Views and proximity to 10/10 Rated Hermosa View Elementary and 9/10 Mira Costa High, the property offers significant long-term appreciation potential. This is an elite acquisition for Custom Home Builders or Visionary Owner-Users.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 649 Gould Terrace Subject | $3,499,000* List Price | 4 | 3 | 2,288 | $1,485 | - |
A 2900 Hermosa View Drive Sold | $3,750,000 | 3 | 3 | 2,613 | $1,435 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951, the home is in a highly dated condition with popcorn ceilings, original-style windows, and a heavily cracked driveway. While the listing mentions a 'live now' option, the property is primarily marketed for its land value and the potential to build a new legacy estate, indicating that the existing structure and systems are at the end of their functional lifespan and require substantial rehabilitation.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
The oversized 8,444 sq ft lot is a rare find in Hermosa Beach, offering the unique flexibility to build a massive legacy estate with a pool and large yard.
The property's elevated position provides permanent, sweeping views of Catalina Island and the Pacific Ocean, a premium feature that significantly drives long-term valuation.
Built in 1951, the existing home likely requires significant renovation or a complete teardown to align with the luxury standards of the surrounding neighborhood.
The $3.5M price point is primarily for land value, meaning a buyer must have substantial additional capital to realize the property's full potential as a custom estate.
Perched on an extraordinary 67 x 125 lot (8,444 sq ft) in coveted North Hermosa Beach, 649 Gould Terrace presents a rare opportunity to create a true unobstructed ocean view estate in one of the South Bay’s most sought-after neighborhoods. Set on a quiet cul-de-sac street of just 12 homes, the property offers a level of privacy and exclusivity that is nearly impossible to find this close to the beach. The oversized parcel enhances that feeling even further—providing a sense of space and openness far removed from the tight, crowded feel of many Hermosa Beach properties. Enjoy sweeping ocean views of Catalina Island and unforgettable sunset panoramas, creating the perfect backdrop for a custom-built residence. With this much land, you have the flexibility to design a true estate-style home—complete with a large yard, pool, and expansive indoor-outdoor living spaces. For an owner-user, the property also offers a compelling “live now, build later” opportunity—enjoy the home and its exceptional setting today while planning your future dream estate. Complete with a 6 car parking driveway. Ideally located just 1 block from Valley Park, award-winning Hermosa and Manhattan Beach schools, and an easy jaunt to the beach, this property offers the best of coastal living with a rare sense of tranquility. Opportunities like this are exceptionally rare. This is more than just a lot—it’s a chance to build a legacy estate on one of the most desirable and private streets in North Hermosa Beach.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-3 • 0.5 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 56% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 2,288 | 2,288 | 50% |
| Lot Size | 8,444 | 3,318 | 95% |
| Price | $3.50M | $2.40M | 60% |
| Price per sq ft | $1.5K | $1.3K | 60% |
| Built year | 1951 | 1967 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 142 | 5% |
Apr 9, 2026
$3,499,000
Initial Listing