Asking Price: $5,500,000

Now priced close to lot value with over $2M in foundation and structure in place. If you are a buyer wanting to build a world class custom Hill Section estate, investor, or developer looking for a top-of-line build project priced approximately 30% under market value, YOU NEED TO TAKE A LOOK AT THIS incredible Manhattan Beach Hill Section opportunity. As the recent price reduction reflects, the project known as the ‘Frame House’ at 600 Eighth Street is now valued significantly under current replacement/project value. The 2 year head start on the build adds significant financial value as well as the reduction of the frustrating new construction planning and approval process..This rare corner lot, build-in-progress project can be purchased with available KAA plans for a best-in-class custom home (see renderings and supplements) OR a foundation up re-design utilizing the existing foundation and footprint. The availability of a large, developable corner lot in this location is basically non-existent. The large lot size (7,624 sq ft) is perfectly oriented to show off the astounding 94’ X 138’ of lot/street frontage! The western orientation gives the new home an incredible amount of natural light for most of the day all year round. Despite being on an open corner, the lot and future home can have incredible amount of privacy...Directly west and across the street is the popular Green Belt, an outdoor walking trail, that lends the property a buffer from the urban life at the beach.. A SHORT comfortable walk takes you to the famous Downtown District, the centerpiece of our beach community filled with great shopping, world class dining, the Strand, and the iconic Manhattan Beach pier. One more cool thing....This home has a Geothermal heat system under construction. Please have your representative reach out to the listing agent for more information including current budget and financial details, floor plans, renderings, scope, photos, and more valuable information. ***This property has NOT been completed. Sale price includes the lot, transferrable plans, and what is currently built (foundation, pool, Geothermal system, etc). The renderings and description are conceptual.***