ParkingDirect Access, Driveway, Garage, Oversized, See Remarks
Attached Garage4 spaces
Year Built2003
HeatingCentral
CoolingCentral Air
BasementYes
FireplaceDen, Living Room, Primary Bedroom, Outside, Recreation Room
Private PoolYes
MLS #SB24070858
Lot Size0.34 Acres
StatusActive
About 1240 5th St
Rarely does an opportunity come available to own a home on this highly sought after private road in East Manhattan Beach. This sprawling estate offers over 10,000 square feet of lavish living space, including 7 bedrooms and 7.5 bathrooms, set on a premier 15,000 square foot lot. Step into grandeur through the majestic foyer, featuring an imperial staircase that sets the tone for comfortable elegance. The home is exquisitely designed with a careful balance of form and function that make this oasis RARE. Step outside and be greeted by the equally impressive exterior of the property, boasting lush landscaping and mature trees that offer both privacy and seclusion. Whether you're entertaining guests or seeking a quiet retreat, the seamless indoor/outdoor living spaces provide the perfect setting. The primary retreat is incredibly spacious with lavish amenities including a spa-like bath, walk-in closet with separate walk-in shoe closet and dressing room. Other notable highlights include an executive home office, sports bar with entertaining room, in-home theater, fitness studio, wine cellar speakeasy, convenient gift wrapping/storage room, dual-sided garages, sparkling pool and spa, outdoor shower, outdoor firepit & BBQ area. This is the epitome of luxury living in Manhattan Beach and minutes to everything this incredible beach town has to offer!
This property is $9.7M more than the Median Sold Price and $53/SqFt less than other homes in Manhattan Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24070858
Listing Office:
Office Name: Compass
Office Phone: (310) 809-4875
Listing Agent: Nicholas Schneider
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 8:20:25 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 15, 2017
Mar 15, 2017Home Sold
$7,200,000
May 31, 2006
May 31, 2006Home Sold
$5,860,000
Apr 14, 1998
Apr 14, 1998Home Sold
$1,220,000
Nov 24, 1993
Nov 24, 1993Home Sold
$750,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$87,681
$7,719,854
2020
$85,309
$7,640,697
2019
$83,577
$7,490,880
2018
$77,988
$7,344,000
2017
$77,988
$6,900,130
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Aurelia Pennekamp Elementary School
110 S Rowell Ave
Distance between this listing and this school0.29 miles
Public District Grades KG-5
Middle School
9
/10
Manhattan Beach Middle School
1501 N Redondo Ave
Distance between this listing and this school0.75 miles
Public District Grades 6-8
High School
9
/10
Mira Costa High School
1401 Artesia Blvd
Distance between this listing and this school0.57 miles
Public District Grades 9-12
Assigned Schools
9
/10
Aurelia Pennekamp Elementary School
110 S Rowell Ave
Distance between this listing and this school0.29 miles
Public District Grades KG-5
Nearby Schools
9
/10
Meadows Avenue Elementary School
1200 N Meadows Ave
Distance between this listing and this school0.46 miles
Public District Grades KG-5
9
/10
Opal Robinson Elementary School
80 Morningside Dr
Distance between this listing and this school0.70 miles
Public District Grades KG-5
Assigned Schools
9
/10
Manhattan Beach Middle School
1501 N Redondo Ave
Distance between this listing and this school0.75 miles
Public District Grades 6-8
Nearby Schools
9
/10
Hermosa Valley Elementary School
1645 Valley Dr
Distance between this listing and this school1.04 miles
Public District Grades 3-8
8
/10
Adams Middle School
2600 Ripley Ave
Distance between this listing and this school1.94 miles
Public District Grades 6-8
Assigned Schools
9
/10
Mira Costa High School
1401 Artesia Blvd
Distance between this listing and this school0.57 miles
Public District Grades 9-12
Nearby Schools
2
/10
Family First Charter
4953 Marine Ave
Distance between this listing and this school1.80 miles
Public Charter Grades 9-12
4
/10
Lawndale High School
14901 Inglewood Ave
Distance between this listing and this school1.98 miles
The neighbors living near this home have an average income of $137,731. Most Manhattan Beach, CA residents have annual incomes between $100k-200k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1240 5th St
What is the listing price of this property?
The listing price of 1240 5th St property is $12,499,000.
What type of property is this?
The property 1240 5th St is a house located in Manhattan Beach, California, 90266.
Is this property for sale now?
Active Listing: 1240 5th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1240 5th St are: Aurelia Pennekamp Elementary School: GreatSchools Rating 9/10Manhattan Beach Middle School: GreatSchools Rating 9/10Mira Costa High School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $87,681 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 15, 2017 for $7,200,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1240 5th St has 7 bedrooms and 7 full and 1 half bathrooms.
What is the square footage of this property?
The property 1240 5th St is 10,009 SqFt (source: MLS/tax record).
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This home is located at 1240 5th St in Manhattan Beach, CA and zip code 90266 in the Manhattan Beach Mira Costa neighborhood. This 10,009 square foot home, which was built in 2003, sits on a 0.34 acre lot. Features: 7 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $12,499,000.
While more than 5 listings in Manhattan Beach, CA in March 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 17 were sold below. The number of homes for sale in Manhattan Beach, CA increased by 3.5% between February 2024 and March 2024. Listings spent 50 days on the market in March 2024, and had a median list price of $2,787,500 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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