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Marina Del Rey

Marina Del Rey is the place to be if you love boating. The area is as well known for its affluence and beautiful seaside views.  The community is on the Venice Beach border and is a prime location for a relaxing vacation, even if you live close by. Marina Del Rey is home to the biggest man-made small craft harbor, which is home to over 6,000 boats. The Los Angeles Times even referred to Marina Del Rey as possibly the “most valuable resource” in the U.S.

The city is in a great location with Venice to the north and Playa del Rey to the south. Marina del Rey is also only four miles from LAX. This is a definite plus if you travel often for work. The area houses a number of reputable companies, so if you’re looking to further your business or technology career, there is a wealth of opportunities.

The 1.5 square mile unincorporated city is also home to a number of restaurants that sit along the water, so you can enjoy a quality meal while taking in the beautiful Southern Californian seaside. If you want to create your own meal to prepare, Fisherman’s Village is an appealing attraction, and provides a great excuse for you to spend even more time boating.

Celebrities who live or have lived in the area include actress AnnaLynne McCord and stars of The Hills Lauren Conrad and Whitney Port.

The boating activities are part of what makes Marina Del Rey so appealing. You can choose real estate that overlooks the harbor, and there are also properties that are walking distance from Venice Beach. There are varying types of real estate in the area as well including condos, high-rise apartments, and houses. When you want a vacation-style environment surrounded by quality restaurants and museums, a Marina Del Rey home could be just right for you.

Home Values

The median home value in Marina Del Rey is $3,124,500. Marina Del Rey home values have declined -3.3% over the past year and Zillow predicts they will fall -1.0% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Marina Del Rey 4.5 homes are foreclosed (per 10,000). This is greater than the Los Angeles value of 2.1 and also greater than the national value of 3.2