Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

500 N Poinsettia Avenue

Manhattan Beach, CA, 90266

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$18,900,000

MLS: SB26022712

Beds

5

Baths

8

Sq Ft

8,389

Lot

0.23 ac

Year Built

2009

MLS #

SB26022712

Days on Market

5

Listed

Apr 3, 2026

Description

Take this opportunity to preview a custom-built home in the Hill section of Manhattan Beach. Its vantage point sitting atop a “T” street with a 75ft (approx.) wide frontage and oversized lot presents this home with expansive views from Palos Verdes Peninsula to Malibu. Exquisite details abound in this elegant French-styled tri-level home, featuring imported materials and fine finishes that add an element of luxury and sophistication. The first level includes a billiards room with a coffered ceiling, wet bar, three TV’s, and a built-in humidor cabinet with lighted cigar display. This level also includes a wine cellar with tasting room, a home theater, a guest bedroom, and access to a large garage that can accommodate up to 8 cars with an automated vehicle turntable for ease of parking. The garage has floor-to-ceiling cabinetry, a storage room and a workbench area. The next level encompasses the main floor with a formal entry, a grand spiral staircase and four bedrooms. The primary suite offers a split-level space with adjoining sitting room, two fireplaces, separate walk-in closets and a private outdoor terrace with a water fountain and gym room. This level also includes a laundry room, a computer alcove, and a family room that opens up to an outdoor pool deck surrounded by lush greenery with a heated, salt-water pool and fountain feature, a spa, outdoor shower, basketball half-court and outdoor fireplace. The upper floor of the home with beautifully drawn light throughout showcases grand-scale living spaces including the formal living room and upper family room, two fireplaces and outdoor decks with sunset views of the ocean. This level also includes an office/bedroom, dining room, a chef’s kitchen equipped with an imported La Cornue French gas range, high-end appliances, and a butler’s pantry. French doors open up to an outdoor covered lanai overlooking the backyard pool area below with a fireplace, TV, built-in BBQ and ample room for seating. Ideally located just minutes from the ocean and Manhattan Beach Pier, this home has easy access to downtown boutiques, casual and fine dining, and vibrant coastal living. Outdoor enthusiasts can enjoy the nearby greenbelt and The Strand bike path for jogging, biking or walking. Close proximity to LAX airport also provides convenience for those who travel.

Location

Manhattan Beach, Los Angeles County, CA 90266

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Listed by: Kristi Frey · Strand Hill Properties

Payment estimate

$131,587

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $1,890,000 · Loan: $17,010,000

%
Principal & Interest
$104,512
Property tax (1.25%)
$19,688
Homeowners insurance
$300
Mortgage insurance
$7,088
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Manhattan Beach home with as little as 3.5% down using an FHA loan — roughly $661,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Manhattan Beach, CA 90266 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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