May 14, 2008

Sold For Over A Million In Playa Vista

It seems like it’s been a while since I’ve taken a look at the real estate in Playa Vista. So for today’s post, I thought we could see what higher end property has sold in the area. 6632 Para Way, #25 sold for $1,130,000 in February of this year. It’s hard to tell by the aerial map, exactly where the home is located.

So, I thought I’d check with the Playa Vista Guest House to see which development this one belongs to. Apparently, it’s a Matisse, which starts in the low million-dollar range. This Para Way property (newly built in 2006) is middle of the road in terms of square footage among its counterparts. This one has 2,310 square feet of space with two bedrooms and four bathrooms. The Matisse homes range from 2,100 to 2,700 square feet. They also have floor plans with up to four bedrooms.

Incidentally, the rest of Playa Vista hasn’t seen much action in terms of sales since my April 10th post. I found just one property has sold in the last month. (It’s 5800 Sea Walk Drive, #8 and it sold for $658,750, in case you were wondering.) The current average days on the market is 69. Redfin currently shows 14 properties listed for sale in Playa Vista.