Three Sixty At South Bay

360 Real Estate and Homes for Sale in Three Sixty at South Bay, of of the premier gated communities

Our Newest Listing – 5553 Coral Drive #105

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**Update.  Please note that this is an older post and this home sold in 2019.   Click here to see the current homes for sale in Three Sixty South Bay

We are proud to announce the listing of this beautiful townhome in Three Sixty South Bay.   5553 Coral Drive #105 is a plan 1 in the Townes with perhaps the best location of all of the Townes units.  Offering 1,630 *square feet and an extremely flexible layout that offers several multi use rooms to work for any lifestyle.  Enter to the front door to a bright and open room perfect as a den, office, library, formal dining room or even a spare bedroom.  Just beyond be dazzled by the spacious and open kitchen with gleaming cabinetry, stainless appliances and beautiful countertops.  The kitchen island is perfect for entertaining and the rows of additional cabinets make for ample storage.  The open living room with direct access to the outdoor deck offers an abundance of natural light with large windows and the overisized room can adapt to a multitude of layouts.  The large deck offers the perfect place to sit back, relax and enjoy the cool ocean breezes.

Details

Head up the elegant staircase to dual master suites plus a spacious bonus room.  Unlike the 3 bedroom Townes units, the plan 1 offers a much larger master suite with large windows, his and her walk in closets, great light and plenty of space.  The master bathroom is a delight with dual sinks, brushed nickel fixtures, spacious shower and more.  Seperating the two bedrooms is a area perfect for tv room, play room, office, den or just about anything that fits your lifestyle.  The 2nd master suite is open and bright  with a spacious layout and walk in closet.

All of this located in Three Sixty……the premier gated community in the South Bay.  This fantastic community offers a resort lifestyle with multiple pools, spa, social area and firepit, poolside cabanas, wine room, incredible club house, parks, playgrounds, dog park, sports court and a state of the art fitness center.  The community resides in the Hollyglen area and is part of the award winning Wiseburn School District.

keithkyle

Keith Kyle


Top Producing Realtor
DRE# 01712785

310-251-2344 cell/text
Keith@KeithKyleHomes.com

An Abundance Of Options – New Listings this Week in 360

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360 Market update

Although the housing inventory in Three Sixty South Bay remains low, this has definitely been a big week as there were several homes to come on the market this week.

Current Active Homes for Sale (as of 6/6/19)

  • 13024 Union Ave #403 – $690,000 – 1 bed /1.5 bath condo in the Flats – 1,160 sq feet (per assessor records)
  • 5535 Ocean #105 – $799,999  – 2 bed/2.5 bath townhome in the Courts –  1,320 sq feet (per assessor records)
  • 5565 Ocean #106 – $899,000 – 3 bed/3 bath townhome in the Courts  – 1,942 sq feet (per original builder specs)
  • 5560 Boardwalk #105 – $899,000 – 3 bed/2.5 bath townhome in the Townes – 1,629 sq feet (per original builder specs)
  • 5550 Strand #107 – $910,000 – 3bed/ 3 bath townhome in the Townes –  1,668 sq feet (per original builder specs)
  • 5254 Pacific Terrace – $1,115,000 – 3 bed/2.5bath single family style in the Terraces –  1,861/P
  • 5557 Palm Drive – $1,195,000 – 3 bed/ 2.5 bath single family style in the Terraces – 2,064 sq feet (per original builder specs)

Single Level Flats Condos Don’t Last Long on the Market

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The real estate market in 360 South Bay has been white hot for over 2 years now.  The few times homes seem to stay on the market for long they are either overpriced or they have the unfortunately timing of listing when several others hit the market as well.    While the beginning of  the year showed signs of a slow down that was short lived and just about everything on the market went into escrow.

While some townhomes and single family style Terrace homes have lingered without quickly selling, that’s certainly not the case with the single level Flats condos.  Of the four that have sold this year only one was on the market double digits….and even that home sold for almost full price! Of the 4 Flats sales one was on the market 7 days, 5 days, 8 days and 55 days before selling.

As of this writing on 5/14 there are no active condos for sale in the Flats but check the current Three Sixty homes for sale to see the latest update on what’s for sale in this gated community.

2019 Condo Sales in Three Sixty

Update on the 360 Condo Market

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Although the market is a bit slower at the moment, one element that hasn’t slowed is the condos in the Flats.  We haven’t seen many condos on the market in 2019 but the last 2 were only on the market for 8 and 5 days respectively.  Prices have been fairly steady ranging between $765,000 – $795,000 depending on the floorplan, layout and location.  Visit our Three Sixty recent sales page for the latest updated information.

See the current homes on the market in 360 South Bay

Recent Sales in the One Level Condos in The Flats

**this post is older…for an updated list of recent closed escrows see our recent 360 home sales page.

 

Price Drops in 360 South Bay?

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It wasn’t long ago that homes in 360 South Bay and “price drops” didn’t seem to go together.  In 2018 it seemed that almost every listing sold over list price, at list price or pretty darn quickly.  Either way homes didn’t sit on the market long enough to see list price decreases.  With the recent major uptick in available homes for sale, that has depressed demand a bit which has left some homes, especially the ones overpricced to begin with, in an unusual situation.

Of the 8 current homes for sale in Three Sixty South Bay, 3 of them have reduced the original list price.  What makes it even more interesting is that the price reductions haven’t seemed to have much of an impact as the three homes (as of 4/7) are still on the market.  Some of it is due to homes simply coming out priced too high as sellers want to exceed the previous high water mark and some is clearly due to a lessening of demand.  Only time will tell if this is a temporary blip or the start of a trend in 2019

Address Style List Price – Original
List Price		 $/Sqft Bed/Bath Sqare Feet*
5550 Boardwalk #105 Lofts $649,999 –  $695,000 $566 1/1,0,1,0 1149/SEE
5535 Ocean #105 Court – Townhome $799,999 –  $819,000 $606 2/2,0,1,0 1320/A
5429 Strand #103 Row – Townhome $879,000 $513 2/3,0,0,0 1714/B
5565 Ocean #106 Court – Townhome $900,000 $463 3/2,0,1,0 1942/B
5441 Ocean #101 Row – Townhome $1,099,000 $539 3/3,0,0,0 2040/
5565 Palm DR Terrace $1,129,000 $598 3/2,0,1,0 1887/T
5523 Palm DR Terrace $1,279,000 $585 4/2,0,1,0 2187/A
5240Pacific Terrace Terrace $1,349,000 –  $1,399,000 $557 4/3,0,0,0 2423/A

Three Sixty South Bay 2019 1st Quarter Update – Active Listings and Sold Homes

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We’ve definitely seen a big jump in home inventory and a pretty obvious drop in demand as there are a number of homes now sitting on the market that never would have a year ago.  The homes that are currently on the market represent just about every home type in 360 with a 1 bedroom in the Lofts, a few townhomes in the Court and several single family Terrace homes.

See the current homes for sale and active MLS listings in 360

Active Homes on the Market in 360

Type   Address Price $/Sqft Br/Ba Sqft Date
CONDO 5550 Boardwalk DR #105 $649,999 $565.71 1/1,0,1,0 1149/SEE 3/29/2019
CONDO/A 5535 Ocean #105 $819,000 $620.45 2/2,0,1,0 1320/A 3/21/2019
TWNHS/A 5565 Ocean #106 $900,000 $463.44 3/2,0,1,0 1942/B 3/16/2019
TWNHS 5441 OCEAN #101 $1,099,000 $538.73 3/3,0,0,0 2040/ 2/7/2019
SFR/D 5565 Palm DR $1,129,000 $598.30 3/2,0,1,0 1887/T 3/14/2019
TWNHS/D 5523 Palm DR $1,279,000 $584.82 4/2,0,1,0 2187/A 3/11/2019
SFR/D 5240 Pacific Terrace $1,349,000 $556.75 4/3,0,0,0 2423/A 2/20/2019

Current Pending Sales and Homes in Escrow

CONDO – The Flats 5450 Strand #202 $780,000 $545.84 2/2,0,0,0 1429/B 3/19/2019

Home Sales and Sold Homes in 2019 (up to 4/3/19) – see the recent 360 Home Sales

Type   Address Sold Price – List Price $ Per Sq Ft Bed/Bath Sq Feet Date Closed
SFR/D 5542 Palm Drive $1,215,000 –  $1,225,000 $555.56 4/2,0,1,0 2187/A 1/10/2019
TWNHS/A 13023 Union AVE #106 $897,000 –  $889,000 $550.31 2/2,0,1,0 1630/B 1/18/2019
TWNHS/A 5565 Ocean #106 $817,000 –  $899,000 $441.62 3/2,0,1,0 1850/A 2/4/2019
TWNHS/A 5537 Strand #101 $1,125,000 $529.91 3/3,0,0,0 2123/B 2/8/2019
TWNHS/A 12913 Mission Ave #105 $874,000 $571.24 2/2,0,1,0 1530/A 2/26/2019
CONDO/A 13022 Central Ave #203 $765,000 –  $769,000 $570.90 2/2,0,0,0 1340/A 3/4/2019
SFR/A 5227 Pacific Terrace $1,145,000 –  $1,149,000 $554.75 3/1,1,1,0 2064/A 3/18/2019
CONDO/A 13029 Central Ave #303 $779,000 $577.04 2/2,0,0,0 1350/A 3/29/2019
SFR/D 5564 Palm Dr $1,090,000 –  $1,099,000 $585.71 3/3,0,0,0 1861/A 3/30/2019