It May Be a Leisure World, But the Real Estate Is Serious Business

Responding to a recent request that we take a look at Leisure World in Seal Beach, here goes.  For those who may not know, Leisure World is a 55 and over seniors community with a secure main entrance on Seal Beach Boulevard between Westminster Boulevard and the 405.  Loaded with structured activities, the community is a popular destination for those looking to downsize.

Leisure World properties are primarily part of a stock cooperative, although there are some “traditional” condo opportunities available.  In the stock cooperative, properties are part of “mutuals” and ownership is in the form of stock rather than the grant-deed process many are accustomed to.  Check with the Golden Rain Foundation for more detailed information.

Currently, there are 188 active property listings in Leisure World with prices ranging from $63,500 for a fairly original one-bedroom, one-bath unit to $409,000 for a very nicely remodeled two-bedroom end unit. Prices can be reflective of unit size, location within the community and condition.

Looking for a one-bedroom place?  There are 43 available starting at the noted $63,500 and running to $104,000 (the average is $78,520).  Average time on the market for these listings is 137 days.

There are 145 two-bedroom units on the market with an average asking price of $172,173 and 128 days looking for a buyer.  Thirty-one of those are between $150,000 and $199,000 while 29 are between $200,000 and $300,000.  Eleven are above $300,000.

Many of the more expensive units have been nicely expanded and completely remodeled with new windows, granite counter tops and other highly desirable amenities. 

If you’ve been thinking that Leisure World might be an option, it’s worth taking a look at what the community has to offer.  You might be pleasantly surprised.