515 Ocean Avenue 706s, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath

515 Ocean Avenue 706s, Santa Monica, California 90402 home-pic-0
ACTIVE$3,999,000
515 Ocean Avenue 706s, Santa Monica, California 90402
2Beds
2Baths
1,490Sqft
67,427Lot
Year Built
1976
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
$2,684
HOA
$1,950
Days on market
-
Sold On
-
MLS number
25551495
Home ConditionExcellent
Features
Good View: Mountain(s), Ocean, Pool, Water
Deck
ViewMountain(s), Ocean, Pool, Water

About this home

We found 3 Cons,5 Pros. Rank: price - $4.00M(93th), sqft - 1490(71th), beds - 2(50th), baths - 2(50th).

Elevated Coastal Living| 515 Ocean Avenue, Residence 706S, Santa Monica. Experience refined coastal luxury in this fully reimagined designer residence on iconic Ocean Avenue, in the coveted North of Montana enclave directly across from Palisades Park. With sweeping ocean and mountain views, this home offers walkability to Santa Monica's best dining, shopping, and beaches. The residence showcases curated craftsmanship and high-end finishes throughout: custom Italian cabinetry, French white oak floors, electronic shades, and a full Control4 smart home system. The chef's kitchen features Miele appliances including induction cooktop, steam and standard ovens- a Galley sink, and Dornbracht fixtures, all integrated into a clean modern design. Fleetwood floor-to-ceiling doors flood the space with natural light and open to a private balcony with direct access from the living room, second bedroom/office, and primary suite blurring the line between indoors and out. The primary suite offers dual Italian closets, balcony access, and a spa-inspired marble bathroom with an oversized shower, custom vanity and Toto bidets in both bathrooms. The second bedroom, currently configured as an office, is across from a luxurious bathroom featuring a deep soaking tub. Additional highlights include two garage parking spaces with an EV charging station, in-unit laundry, secure storage, and full-service building amenities: 24-hour concierge, valet, gym, pool, spa, and security. Earthquake retrofitting and building upgrades are underway, with all current assessments paid in full. Buyer to confirm. A rare opportunity to own a truly elevated coastal residence in one of Santa Monica's most desirable locations.

Nearby schools

8/10
Roosevelt Elementary School
Public,K-50.6mi
8/10
Lincoln Middle School
Public,6-81.2mi
8/10
Santa Monica High School
Public,9-121.7mi

Price History

Date
Event
Price
06/02/17
Sold
$2,130,000
Condition Rating
Excellent

This residence has been 'fully reimagined' with 'curated craftsmanship and high-end finishes throughout,' including custom Italian cabinetry, French white oak floors, and a full Control4 smart home system. The kitchen boasts Miele appliances, a Galley sink, and Dornbracht fixtures, all integrated into a clean modern design. Bathrooms are spa-inspired with marble, oversized showers, custom vanities, Toto bidets, and a luxurious deep soaking tub. Despite the building's 1976 construction, the unit itself presents as virtually new, meeting the highest current quality standards with no deferred maintenance visible in the images or described in the listing.
Pros & Cons

Pros

Prime Coastal Location: Situated on iconic Ocean Avenue in the coveted North of Montana enclave, directly across from Palisades Park, offering unparalleled walkability to Santa Monica's best amenities.
Panoramic Ocean & Mountain Views: Features sweeping ocean and mountain views from multiple rooms and a private balcony, enhancing the property's luxury appeal and lifestyle.
Luxurious & Smart Home Renovation: A fully reimagined designer residence boasting curated craftsmanship, high-end finishes (e.g., Italian cabinetry, French white oak floors), Miele appliances, and a full Control4 smart home system.
Full-Service Building Amenities: Residents benefit from comprehensive luxury building amenities including 24-hour concierge, valet, gym, pool, spa, and security.
Premium Parking & EV Charging: Includes two dedicated garage parking spaces with an EV charging station, a highly desirable and valuable feature in this urban coastal environment.

Cons

Substantial Monthly Association Fees: The $1,950 monthly association fee is notably high, adding a significant ongoing cost to ownership and potentially impacting long-term affordability.
High Price Point for Square Footage: Listed at nearly $4 million for 1,490 square feet, this property commands a premium price, targeting a very specific luxury buyer segment and potentially narrowing the market.
Building Age: Constructed in 1976, the building's age, despite recent renovations and paid assessments, may still raise concerns for some buyers regarding long-term maintenance or potential future capital expenditures.

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