One by one the older, historic beach homes are being sold and changing hands at prices seemingly justify a tear down and rebuild. Recently the 753 sq/ft beach bungalow located at 320 8th in Seal Beach street sold amongst it’s towering neighbor properties for $600,000. While that price may seem “spendy”, consider the homes on either side have a market value more then twice that.
So then, does is make sense for the buyer of a property such as 320 8th St to maintain the current residence as a beach cottage, or tear it down to build a trophy home? Consider the well maintained interior condition of this quaint beach residence. It brings charm to one of the more redeveloped neighborhoods in town. Should that be taken into consideration for preservation?
Of course the neighbors surely have an opinion of how an aging and arguably, functionally obsolete, bungalow effects the value of their million dollar investments. You’ve heard people postulate about it over coffee at Main Street cafes, the “old home” in the neighborhood hurting the value of their remodeled masterpiece.
It’s no secret that the lower prices are attracting buyers that want to scoop up a slice of beach paradise at a bargain. Since June 1st, three other homes similar in size and price have sold bringing with them improvements and change. Dare we guess at what this will mean for the landscape of our seaside community in the next five years?
Preserving our “Mayberry by the Sea” way of life is unquestionably what distinguishes Seal Beach from it’s northern & southern beach city neighbors. The beach cottage way of life that still persists in Old Town possesses nostalgia that lures people in that wish for it to remain that way.
I’m interested to know how you feel about preserving these pieces of Seal Beach history? Leave your thoughts to this question below…