As I was walking into my condo on the coast, I saw a bouncing/hovering, slow-moving, star like object off the coast of Redondo Beach.For approximately ten minutes off the coast of the Pacific, a strange bright orb was hovering in the night sky. At first I thought it was a star, then it started to bounce/hover closer to the coast. My next guess was that it was some sort of satellite? But what type of large, bright, satellite would be that close to LAX? It would be a danger to the planes coming and going. I am not sure what it was, all I know is what I saw. What I saw was not a star, not a plane/chopper, not a satellite, nor was it a flare, as I have seen flares in the past. After about ten minutes of observation, and the orb backtracking away from the coast, it disappeared. I remain confused and astounded.