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1 Spinnaker Street 2, Marina Del Rey, California 90292, Marina Del Rey, - bed, bath

home-pic
ACTIVE$3,500,000
1 Spinnaker Street 2, Marina Del Rey, California 90292
2Beds
3Baths
1,965Sqft
18,540Lot
Year Built
1974
Close
-
List price
$3.5M
Original List price
$3.65M
Price/Sqft
-
HOA
$1,033
Days on market
-
Sold On
-
MLS number
25476125
Home ConditionFair
Features
Excellent View: Bay, Ocean
Deck
ViewBay, Ocean

About this home

Welcome to your oceanfront paradise in one of the best funded/managed HOA's in the area (close to a million in reserves!). Enjoy 30 feet of ocean frontage with breathtaking, unobstructed views stretching from Malibu to Catalina. Floor-to-ceiling glass doors open onto a spacious oceanfront balcony, offering direct beach access via private steps to the sand. The absence of continuous sidewalks and nearby parking ensures a peaceful, secluded atmosphere.Designed for seamless indoor-outdoor living, the home features polished cement floors throughout, a step-down living room with a stone fireplace, and a versatile oceanfront great room with space for dining and an office. The kitchen showcases ocean views, stainless steel appliances, and granite countertops.Additional highlights include 2 large en-suite bedrooms, a laundry room, powder room and 3 reserved parking spaces. Perfectly situated for year-round beach walks,dolphin watching, and spectacular sunsets. FULLY FURNISHED AVAILABLE.

Price History

Date
Event
Price
09/04/25
Price Change
$3,500,000
01/06/25
Listing
$3,650,000
05/10/21
Sold
$3,495,000
08/31/07
Sold
$2,200,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (81 Listings)
Beds22
50%
Baths32
65%
Square foot1,9651,620
84%
Lot Size18,540122,529
17%
Price$3.5M$1.15M
98%
Price per square foot$1,781$744
99%
Built year19749900990
34%
HOA$1,033
24%
Days on market303169
96%
Condition Rating
Fair
The property, built in 1974, is well-maintained and boasts desirable features like polished concrete floors and expansive ocean views. While the living areas appear updated with modern elements like large glass doors and contemporary lighting, the kitchen and bathrooms show signs of being outdated. The kitchen features stainless steel appliances and granite, but the cabinet style and integrated range hood appear to be from an older renovation (likely 15-25 years ago). The master bathroom vanity is distinctly dated, and the guest bathroom also has older fixtures. The home is functional and move-in ready, but key areas like the kitchen and bathrooms would require minor cosmetic updates to align with current design trends and justify the luxury price point, fitting the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Oceanfront Location & Panoramic Views: Offers direct 30 feet of ocean frontage with private beach access and breathtaking, unobstructed views stretching from Malibu to Catalina, a truly rare and highly desirable feature.
Financially Robust HOA: The HOA is exceptionally well-funded and managed, boasting nearly $1 million in reserves, providing significant financial stability and peace of mind for homeowners.
Exclusive Privacy & Seclusion: The unique absence of continuous sidewalks and nearby public parking ensures a peaceful, private, and secluded oceanfront living experience.
Thoughtful Design & Modern Amenities: Features floor-to-ceiling glass doors, an updated kitchen with stainless steel appliances and granite countertops, and a versatile oceanfront great room designed for seamless indoor-outdoor living.
Valuable Reserved Parking: Includes three dedicated reserved parking spaces, a significant and highly sought-after convenience in a dense coastal area like Marina Del Rey.

Cons

Building Age: Constructed in 1974, the property is 50 years old, which may lead to concerns about the age of underlying building systems and potential for future maintenance beyond HOA coverage.
Substantial Monthly HOA Dues: The $1,033 monthly association fee is considerable, adding a significant recurring cost to ownership that could impact affordability for some buyers.
Limited Bedroom Count: With only two bedrooms, the property's functionality may be limited for larger families or those requiring additional guest rooms or dedicated office spaces, especially at this luxury price point.

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