Second-home buyers heat up luxury Marina del Rey condo market

The second-home market in Los Angeles is as strong as ever, and the trend is showing up on the Westside as more and more buyers seek out a luxury Marina del Rey condo. High-end communities like X67 Lofts are now in their final phase, with only a handful of penthouse units left, due in part to second-home buyers who are looking for a low-maintenance, high-style place in a top location. Pricing for the penthouses is from the $900s to the mid $1 millions.

“Across the country, a trend is happening for the comfortably off to buy second (or third) homes in the same metro area…for a weekend away in another part of town with no chores to worry about,” said Inman. “Just a change of scene and no traffic hassles. They are typically only driving around half an hour or 40 minutes away—with busy working lives, many don’t have the tolerance for the traffic grind heading out of these big cities on weekends. And flying to get away is also losing its appeal, with airport security measures and the hassle of getting to and fro. If there’s an area nearby with a totally different vibe, why not?”

On-site amenities draw second-home buyers to communities like X67 Lofts when looking for a luxury Marina del Rey condo

On-site amenities draw second-home buyers to communities like X67 Lofts when looking for a luxury Marina del Rey condo

Inman notes a recent WalletHub report that found Los Angeles to be among the top cities for second-home buyers. Whether those buyers are looking for a place by the beach they can escape to on weekends or a luxury Marina del Rey condo for their children who are students at Loyola Marymount or UCLA, communities like X67 Lofts are increasingly the answer.

“We have seen a number of buyers who are looking for a second home, and they’re coming from all over Southern California,” said Patrice Quishenberry, Vice President of Sales for etco HOMES, builder of X67 Lofts. “The location is often what first attracts them because they want to be on the Westside near the beach and walkable to restaurants and nightlife. Once they get a look at the unique floorplans, upscale features, and array of community amenities, it’s an easy decision to buy here. “

X67 Lofts’ appeal for second-home buyers looking for a luxury Marina del Rey condo is multi-faceted:

  • It has all the allure and access to hotspots and activities as next-door neighbor Venice without the extreme tourist crunch.
  • It’s close enough to LMU and UCLA to make for an easy drive yet is far enough removed to provide a separation.
  • The open, loft-inspired floorplans offer up to 1,906 square feet with all the high-end features luxury buyers want, including designer-selected wood- and concrete-style flooring and private terraces and outdoor spaces.
  • Gourmet kitchens feature center islands and eating bar (per plan), KitchenAid® stainless steel appliances, frameless European-style cabinetry, and Caesarstone® countertops.

Community amenities are another reason second-home buyers on the Westside are drawn to X67 Lofts. The opportunity to entertain friends or mingle with neighbors in the community event and recreation room and in the outdoor courtyard with BBQs and firepit; or rejuvenate in the dipping pool, lounge in one of the cabana-style pods, or spend some time in the community fitness room is tempting, especially on a staycation weekend. And should owners ever need assistance with reservations or other services, all they need to do is reach out to the residential services attendant. Want to explore the town? X67 Lofts is within walking distance of the beach, Abbott Kinney, and tons of trendy shopping and dining opportunities.

X67 Lofts’ final few luxury condos feature penthouse units with some of the best views and locations in the community. Pricing is from the $900s to the mid $1 millions. For more information about buying a new luxury Marina del Rey condo and to secure one of the final homes, visit X67 Lofts today or call 866-387-6115.