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Tim Draper Sells Hermosa Beach Mansion For $18.5M

Property Image
SOLD
$18,590,000

California

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Single Family Residence7,946 SF
Sold 05/05/2023
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Property Image
SOLD

Tim Draper Sells Hermosa Beach Mansion For $18.5M

2826 The Strand, Hermosa Beach, CA 90254

See Similar Deals
Single Family Residence7,946 SF
Sold 05/05/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2,339
Total Square Footage:7,946 SF
Transaction Type:Sale

Billionaire venture capitalist Tim Draper has sold his 7,900 square-foot beachfront mansion in Hermosa Beach for $18.5 million. The property, located at 2826 The Strand, is a single-family home. The sale price of $18.5 million sets a potential record for the priciest home sold in the area. The average price per square foot for this property is $2,340.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $18,590,000
  • Address: 2826 The Strand
  • Market: Hermosa Beach

The deal was facilitated by Tad Thormodsgaard from Palm Realty Boutique, who acted as the broker representing Tim Draper in the sale. The sale of the beachfront mansion comes amidst a surge in luxury home sales in Hermosa Beach and neighboring Manhattan Beach, despite a slight decrease in median home prices in both areas compared to the previous year.

Players

Tad Thormodsgaard
Palm Realty Boutique
Tad Thormodsgaard
1 deal$18.6M volume(310) 308-9772
BROKER
Tad Thormodsgaard
Palm Realty Boutique
Tad Thormodsgaard
1 deal$18.6M volume(310) 308-9772
BROKER

Details

SOLD
IMAGE: Tad Thormodsgaard DATE: 05/05/2023 ADDRESS: 2826 The Strand MARKET: Hermosa Beach ASSET TYPE: Single Family SELLER: Tim Draper BROKER: Tad Thormodsgaard (@310BeachHomes) - Palm Realty Boutique (@Palm_Realty_Boutique) SALE PRICE: $18,590,000 SF: 7,946 ~ PPSF: $2,340 NOTE: Billionaire venture capitalist Tim Draper has sold his 7,900 square-foot beachfront mansion in Hermosa Beach for $18.5 million, potentially setting a record for the priciest home sold in the area. The sale comes amid a surge in luxury home sales in Hermosa Beach and neighboring Manhattan Beach, despite a slight decrease in median home prices in both areas compared to the previous year.

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