This is actually a question that comes up quite often on Trulia as they pull some of their listing information from a company called Realty Trac. Realty Trac is a company that tracks foreclosures and homes with a notice of default posted against them. Unfortunately they do not filter out any of the information and the home then shows up with a price such as the one you're seeing on Duncan. The reality is that the $14,500 is most likely the amount of payment that the seller is behind on....not the sales price. The home is actually for sale at $3,699,000 which is only a couple million dollars off. Unfortunately there aren't any deals in the Beach Cities that are too good to be true, and if there were, they would have multiple offers and the home would eventually end up selling for something near market price. Bottom line is that if it's too good to be true.....it usually is. See the link below for the actual short sales and foreclosures in Manhattan Beach. I hope that the information helps.