Rubbing elbows with the Southern California coastline cities of Redondo Beach and Manhattan Beach is the more relaxed community of Hermosa Beach. With a laid-back beach town vibe and an active nightlife scene, the city offers 94 acres of public beach along nearly 2 miles of oceanfront.

Sharing this strip of sand with swimmers, surfers and volleyball players are highly sought-after luxury homes that command a premium.

Among the prized properties currently on the market is 2340 The Strand. Priced at close to $12.6 million, this Mediterranean sits on an oversized corner lot with both front and side yards―a rarity for the area.

The richly landscaped lot is accessed by a wrought-iron gate set into a stone wall. A walkway bridge crosses over a boulder-surrounded water element to reach the wooden double front door. Adjoining the lawn, extensive patio space accommodates a sunken fire pit seating area sheltered by a windbreak, outdoor kitchen and ocean-facing lounging deck.

Arch-topped windows, balconies and a red tile roof underscore the villa-inspired design. The theme continues inside the 3,615 square feet of living space with spiraling wrought-iron staircases, dark wood trim and built-ins and an elegant center island kitchen. The stainless-steel appliances include two ovens, a six-burner stove and under-counter wine fridge.

A wood-paneled ceiling tops the two-tier home theater on the home’s lower level, which also contains a minibar.

The primary suite features a rounded bank of wood-trimmed windows, French doors that open to a balcony, raised hearth fireplace and wide-plank wood floors. The ensuite bathroom has dual vanities with vessel sinks, a stand-alone soaking tub and glass-enclosed shower. In all, there are five bedrooms and five bathrooms—three full and two half.

The home is ideally suited for a primary residence or an investor seeking to lease to long-term tenants. The current rent is $30,000 a month. Short-term rentals are not permitted in the city of Hermosa Beach.

Chris Corr of Strand Hill Properties is the listing agent for the ocean- and beach-view home. Downtown Hermosa and the Manhattan Pier are a 10-minute walk away.

Strand Hill Properties is an exclusive member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.