Playa Vista Market Report: Playa Vista Market News And A Soon-To-Be-Favorite New Restaurant

August has, so far, been a very strong month with one of the highest number of closings in the Playa Vista resale market. With only 12 active listings and 17 pending sales, properties are entering into escrow as fast as water evaporates from the hot pavement.

Below are a few market updates from this week:

NEW PRICING! OPEN HOUSE – Saturday, 8/26, + Sunday, 8/27, from 2 to 5pm
5400 Playa Vista Drive #3 | 3 Bd + 1 Ofc Nook + 2.5 Ba + 3-car Garage
Approx. 1,920 SF 
| Total HOA for PVPAL & BWM is $690 | Offered at $1,208,000
Wow – A masterpiece with a $130,000 remodel from top to bottom. This home is an awe-inspiring, modernist townhouse in Silicon Beach with a sunny, coastal pallet. It is the epitome of SoCal beach living. The owner spared no expense in re-designing this dreamy, modern work of art. Exceptional features of this one-of-a-kind home include: lots of natural light flowing thru clerestory windows; volume ceilings; white oak colored floors; all white kitchen with SS built-ins & Ceasarstone counters; Master Retreat with soaring ceiling & luxurious bath with dual vanities, large soaking tub & frameless glass shower. On the same level, a loft has been transformed into a bona fide bedroom by the owners, and a 3rd bedroom with a rooftop deck is found on the top floor. There’s also a private, walk-up entrance, attached 3-car garage, and earthquake insurance. All in all, this is today’s contemporary lifestyle at its very best and will surely appeal to any buyer looking for something extraordinary!

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THIS ONE WILL GO QUICKLY! OPEN HOUSE – Sunday, 8/27, from 2 to 5pm
The Metro #215 – 5625 Crescent Park West | 2 Bd + 2 Ba
Approx. 1,230 SF 
| Total HOA for PVPAL & Metro is $683 | Offered at $838,000

Come home and relax in the peace and quiet of this tranquil ‘ZEN’ floor plan at The Metro. This perfectly upgraded, single level home clearly exudes true style and grace. There’s a laid-back flow from the front entrance, through the welcoming foyer and into the great room with opulent wood floors, cozy fireplace, custom-built media nook, and a glass paned door that leads you onto a patio surrounded by lush greenery. Stop and admire the gourmet kitchen with granite countertops, designer backsplash and maple hued cabinetry. At the end of the hall you’ll find the Master bedroom with a door to the patio, his and her closets, and a spa-like bath with double sinks and a soothing, soaking tub. The second bedroom has a full bathroom across the hall with an oversized, glass enclosed shower. Also worth mentioning are the plantation shutters; a secured, private storage room right outside the front door; and SxS parking. This one definitely is a must see, and we promise you won’t be disappointed!

Just Sold for $13,000 over asking at $825,000!
The Lofts #213 – 13020 Pacific Promenade | 2 Bd + 2 Ba + Large Balcony
Approx. 1,090 SF | Total HOA for PVPAL & Lofts is $670 | Offered at $812,000
This past week, I went to Tocaya Organica located at the east side of Playa Vista. What a treat! New to the community, it is a fantastic modern Mexican restaurant, with delicious dishes using only the highest quality organic ingredients. Their menu includes salads, tacos, bowls and burritos – check out its menu here.

For more information about any of the new homes or other properties featured in this newsletter or this week’s open house schedule, please feel free to contact me. I will be happy to offer you information about the community, Playa Vista Elementary School and the dynamic marketplace.

Have a remarkable weekend!

Winnie Licht
Broker, Realtor ®
CalBRE #01272501
Palm Realty Boutique
Phone: 310-745-7468
Email: winnie@winnielicht.com
www.PlayaVistaHomeSales.com
THE PLAYA VISTA SPECIALISTS

 


Featured Homes

IN ESCROW!
13077 Bluff Creek Drive in Icon | 4 Bd + 2 Ofc + 3 Full Ba + 2 Powder + 2 Balconies
Approx. 3,860 SF | Total HOA for PVPAL & Icon is $481 | Offered at $2,360,000

1JUST SOLD FOR $13,000 OVER ASKING!
The Lofts #213 – 13020 Pacific Promenade | 2 Bd + 2 Ba + Large Balcony
Approx. 1,090 SF | Total HOA for PVPAL & The Lofts is $670 | Offered at $812,000

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SOLD AS THE HIGHEST PRICED PLAN 3 IN BRIDGEWAY MILLS!
Bridgeway Mills #19 – 5400 Playa Vista Dr. 
| 2 Bd + Loft +2.5 Ba + 3 Patios + 3-car garage Approx. 2,050 SF | Total HOA for PVPAL &  BWM is $690 | Sold at $1,240,000

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LEASED!
6315 Para Way | 3 Bd+Den+3 Full Ba+2 Powder+3-Car Garage
Approx. 3,585 SF | Offered at $8,300 per month

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IN ESCROW IN JUST 1 WEEK AND SOLD FOR $35,000 ABOVE ASKING!
Serenade #128 – 13031 VIllosa Place #128 
| 2 Bd + Office +2.5 Ba + 2 Patios + Storage cage
Approx. 2,020 SF | 
Total HOA for PVPAL & Serenade is $759 | Sold at $1,225,000

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IN ESCROW WITHIN 3 DAYS AFTER DEBUTING & SOLD AT ASKING!
Tapestry II #3 – 6020 Celedon Creek 
| 3 Bd + Large Room of Garage + 2.5 Ba + 2-car garage Approx. 2,140 SF | Total HOA for PVPAL & Tapestry II is $630 | Sold at $1,376,500

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SOLD FOR $123,000 OVER ASKING AND CLOSED IN 21 DAYS!
Esplanade #309 – 13080 Pacific Promenade | 2 Bd + Office + Alcove + 2.5 Ba + 2 Balconies Approx. 1,653 SF | Total HOA for PVPAL & Esplanade is $572 | Sold at $1,108,000

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SOLD FOR $20,000+ OVER ASKING IN 1 WEEK!
Carabela #336 – 12975 Agustin Pl 
| 2 Bd + 2.5 Ba + Patio | Approx. 1,640 SF
Total HOA for PVPAL & Carabela is $650 | Sold at $950,00 

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