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In 1863, a Scottish immigrant, Sir Robert Burnett, purchased [[Rancho Sausal Redondo]] and [[Rancho Aguaje de la Centinela]] from [[Cornelio Avila#Antonio Ygnacio Avila|Avila]]'s heirs for $33,000. Ten years later in 1873, Burnett leased the ranch to a Canadian, Daniel Freeman (not the American [[Daniel Freeman|of the same name]], who was the first to file a claim under the [[Homestead Act]] of 1862). Burnett returned to Scotland. Freeman moved his wife and three children onto the ranch and started growing various crops. On May 4, 1885, Freeman bought the ranch from Burnett for $140,000. At some point after this the location was informally called "Shore Acres." Shortly thereafter, in 1888 the area's first freight and passenger railroad tracks were built by the Santa Fe Railroad company. The tracks ran through Manhattan Beach and spanned all the way to Redondo Beach with a substation constructed in later years at Center Street, which today is Manhattan Beach Boulevard.<ref>{{cite web|url=https://brianpetruzzelli.com/history-of-manhattan-beach-california/|title=The History of Manhattan Beach|date=November 8, 2022 |access-date=2023-03-02}}</ref>
[[George H. Peck (1856-1940)|George H. Peck]] owned the land that became part of the north section of Manhattan Beach. A coin flip decided the town's name. Around 1902, the beach suburb was named "Manhattan" after developer Stewart Merrill's home, the [[New York City]] borough of [[Manhattan]].<ref name=":0" /> "Beach" was appended to the city's name, in 1927, at the behest of the postmaster.<ref name=":0">{{cite web|title=Capsule History of Manhattan Beach, 1912 - 1975|author=Judson Grenier|url=http://manhattanbeachhistorical.org/history/|access-date=December 27, 2017|archive-date=July 4, 2020|archive-url=https://web.archive.org/web/20200704101548/https://manhattanbeachhistorical.org/history/|url-status=dead}}</ref>
Incorporation of the City of Manhattan Beach won in a vote held on November 26, 1912.<ref name= togs>"[https://www.newspapers.com/image/380219491/ Manhattan Beach Dons New Municipal Togs]". ''The Los Angeles Times''. November 27, 1912. p. 26.</ref> {{cn span |text=Peck himself was opposed to incorporation. |date=August 2023}}
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Residential prices in Manhattan Beach are among the highest in the state of California. In 2013, the Dataquick study reported that more homes exceeding $1 million were sold in Manhattan Beach than any other city in California. [[Pacific Palisades, Los Angeles|Pacific Palisades]], [[Beverly Hills]], [[La Jolla]], Malibu, Bel-Air, Orinda, Atherton, Montecito, and other high end cities in California ranked behind Manhattan Beach. The Higley 100 Census survey found that The Hill Section of Manhattan Beach is the second highest mean household income neighborhood in Los Angeles County, with [[Beverly Park]] ranking first and Beverly Hills (the 90210 section) ranking third, respectively.<ref>{{cite web|url=http://www.dqnews.com/Articles/2014/News/California/MDCA140130.aspx|title=Configurable Real Estate Data Reports|publisher=[[CoreLogic]]|access-date=December 27, 2017|archive-date=February 8, 2014|archive-url=https://web.archive.org/web/20140208063843/http://dqnews.com/Articles/2014/News/California/MDCA140130.aspx|url-status=dead}}</ref> The current median residential home price is $2.2 million according to a November 23, 2014, ''Los Angeles Times'' article, and land values in Manhattan Beach rank among the highest per square foot in the nation.<ref name=patch/> Land values on the Manhattan Beach "Strand" are routinely around $10 million for a {{Convert|3,000|ft2|m2|adj=on}} piece of land.
==Parks and recreation==
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