389 Upper Mesa Road, Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 3 bath

389 Upper Mesa Road, Santa Monica, California 90402 home-pic-0
ACTIVE$4,200,000
389 Upper Mesa Road, Santa Monica, California 90402
3Beds
3Baths
2,094Sqft
8,064Lot
Year Built
1923
Close
-
List price
$4.2M
Original List price
$4.5M
Price/Sqft
$2,006
HOA
-
Days on market
-
Sold On
-
MLS number
25534103
Home ConditionPoor
Features
Excellent View: Canyon, Mountain(s), Ocean, Panoramic
Deck
ViewCanyon, Mountain(s), Ocean, Panoramic

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.20M(25th), sqft - 2094(24th), beds - 3(38th), baths - 3(40th).

Perched atop the coveted upper Santa Monica Canyon hillside, this extraordinary home offers an unrivaled opportunity to own a truly one-of-a-kind ocean-view property. Set on a private promontory, the site commands breathtaking 270-degree panoramic views encompassing the Pacific Ocean, Downtown Los Angeles, and the verdant expanse of Santa Monica Canyon.The existing residencea charming 3-bedroom, 3-bathroom homepresents the option for a stylish and immediate move-in remodel. Alternatively, realize the full potential of this rare site with a visionary new build, fully designed by the acclaimed Empire Group Design Build. In-progress plans and architectural renderings are available and included with the sale. Huge plus, the property falls under LA Building and Safety and not Santa Monica.The new design concept is a cutting-edge, fire-resilient estate thoughtfully crafted with cutting-edge fireproof SCIP concrete walls, triple-glazed fiberglass doors, and windows, a standing seam metal roof, fireproof insulation, and an advanced wildfire suppression system with a defensible landscape design. A signature Lautner-style zero-edge pool serves as both a design focal point and an auxiliary water source. The proposed residence will feature 4 bedrooms, 5 bathrooms, a state-of-the-art home theater, wine cellar, dual walk-in closets, a primary suite with incredible balconies and ocean views from 3 levels, elevator, parking for 4 vehicles, including a car carousel, a luxurious Italian Boffi kitchen, and a full wellness center/gym.Located minutes from State Beach, World-renowned Riviera Golf Club, Canyon Elementary, Rustic Canyon Park, and Canyon Square, this rare offering promises a tranquil and intentional lifestyle in one of Santa Monica's most sought-after enclaves. Whether as a stunning remodel or a legacy new construction, this property is a singular opportunity to create something truly exceptional.

Price History

Date
Event
Price
12/07/23
Sold
$3,150,000
12/23/02
Sold
$853,000
Condition Rating
Poor

The property, built in 1923, is explicitly presented as a candidate for a 'stylish and immediate move-in remodel' or a 'visionary new build,' indicating its current condition is far from modern or well-maintained. Images reveal a severely outdated kitchen with old white cabinetry and basic appliances, and a bathroom with an older vanity and tile, suggesting renovations, if any, occurred 30-50+ years ago. The exterior shows significant peeling paint and general disrepair. While not explicitly 'unlivable,' the home requires substantial repairs and rehabilitation to meet current standards, with its primary value clearly residing in the land and its redevelopment potential.
Pros & Cons

Pros

Panoramic Ocean & City Views: Offers breathtaking 270-degree panoramic views encompassing the Pacific Ocean, Downtown Los Angeles, and the verdant Santa Monica Canyon.
Exclusive Promontory Location: Situated on a private promontory in the highly coveted Upper Santa Monica Canyon hillside, providing unparalleled privacy and prestige.
Pre-Approved Development Plans: Includes in-progress architectural plans and renderings for a visionary, fire-resilient luxury estate, significantly streamlining the new build process.
Favorable Building Jurisdiction: The property falls under LA Building and Safety, potentially offering more flexibility and faster approvals compared to Santa Monica's stricter regulations.
Luxury New Build Potential: The proposed design features cutting-edge fire-resilient construction and high-end amenities such as a Lautner-style zero-edge pool, home theater, wine cellar, and car carousel.

Cons

Significant Additional Investment Required: The property necessitates either a substantial remodel of the existing 1923 home or a complete new build, incurring considerable costs beyond the initial purchase price.
Outdated Existing Structure: The current 1923 residence, while described as charming, is likely outdated and does not fully leverage the site's luxury potential without extensive renovation or demolition.
Perceived Overpricing: The current list price of $4.2M is notably higher than the property's estimated value ($3.56M) and its recent 2023 sale price ($3.15M), potentially indicating a premium for the development opportunity that may not align with all buyer expectations.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state