Three Sixty At South Bay

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

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

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

See the Homes in 360 That Have Sold So Far in 2019

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2019 has started off strong in the gated community of 360 South Bay with a number of home sales along with the current homes for sale. Through March 13 there have already been 6 closed escrows.  The highest price so far for the year was 5542 Palm Drive which was a 4 bedroom single family style detached home in the Terraces which closed at $1,215,000 early in January.  The lowest sale so far has been a 2 bedroom in the Court which closed at $765,000 on March 3rd.  See all of the closed sales below.

360 Home Sales in 2019 through March 13th

**The listings below may be represented by other realtors. We are providing this information as a service to our clients.

Click any MLS number above for details and photos of the home.

*Information deemed reliable but not guaranteed.  All information to be verified.

Inventory on the Uptick – 5 Homes Currently on the Market With Two Off Market Listings Coming

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2019 is finally seeing a bit of an increase in the number of homes for sale in Three Sixty South Bay.  As of 3/5/19 there are now 5 current listings with 2 additional homes soon to come on the market.  The current homes for sale offer a very nice variety of styles and floorplans with the newest listing being a single family style Terrace home at 5564 Palm.  The 4 other homes for sale run the gamut from a 1 bedroom in the “Lofts” (which is quite rare), a 2 bedroom in the Flats, a second Terrace single family and a very large townhome in the Row.  The homes soon to come on the market are a 3 bedroom in the Townes and a 2 bedroom in the Flats

For more information on any of the homes for sale let us know about your home search and we’ll send you email updates whenever a new listing comes on the market or contact us.

Current homes for sale in Three Sixty at South Bay**

Click any MLS number above for details and photos of the home.

**The listings above may be represented by other realtors. We are providing this information as a service to our clients.

Currently 3 Very Different Layouts for Sale in 360 South Bay

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**See updated information on the current 360 South Bay homes for sale**As of this post (2/23) there are three active homes for sale in 360 South Bay.  That’s not all that uncommon but the current listings are all quite a bit different.  Here’s what we currently have:

    • 5550 Boardwalk Dr  Unit#105 – This 1 bedroom is in the Lofts which is very rare.  The builder decided not to build more than one of the “Lofts” buildings so there are only a few units and they are, by far, the most unique in the complex.  This unit is currently listed at $695,000 and offers 1 loft style bedroom, 1 1/2 baths and approximately 1,149 square feet*.  HOA dues for the unit are $350 a month*  and is listed with Shoshana Shamoeil with SGE Real Estate.  Ironically another very similar unit, which is again very rare to see, just recently sold at $690,000
    • The newest listing is at 5441 Ocean Dr #101 and is a corner unit in the “Row”.  With high ceilings and a balcony, this residence 3  floorplan offers a very different feel from most of the middle units in the row.  Featuring 2,040 square feet* with 3 beds and 3 baths the home is currently listed at $1,099,000.  HOA fees for this unit are $421 a month* and is listed with David Brizendine of Compass.
    • The third home currently on the market is a single family style home in the “Terraces” at 5240 Pacific Terrace.  This freestanding home offers 4 bedrooms, 3 baths, and is one of the largest layouts in the Terraces with 2,423 square feet*  HOA dues for the home are currently $204 a month*.  Home is listed with Latasha O’Keith of Lamarc Realty

Current homes for sale in Three Sixty at South Bay

**The listings below may be represented by other realtors. We are providing this information as a service to our clients.

Click any MLS number above for details and photos of the home.

*Information deemed reliable but not guaranteed.  All information to be verified.