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1 Spinnaker Street 2, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 2 bed, 3 bath

1 Spinnaker Street 2, Marina Del Rey, California 90292 home-pic-0
ACTIVE$3,595,000
1 Spinnaker Street 2, Marina Del Rey, California 90292
2Beds
3Baths
1,965Sqft
18,540Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unrivaled Oceanfront Location & Views: Boasts 30 feet of ocean frontage with breathtaking, unobstructed views from Malibu to Catalina, offering direct beach access via private steps and a secluded atmosphere.
Top Cons:
High HOA Fees: The association fee of $1,033.00 per month is substantial and could be a significant ongoing cost for potential buyers, despite the strong reserves.

Compared to the nearby listings

Price:$3.60M vs avg $1.16M (+$2,440,000)99%
Size:1,965 sqft vs avg 1,629 sqft81%
Price/sqft:$1.8K vs avg $73697%

More Insights

Built in 1974 (51 years old).
Condition: The property was built in 1974, making it 50 years old. While it features polished concrete floors and stainless steel kitchen appliances, the kitchen cabinets and granite countertops appear dated, likely from a renovation 15-25 years ago. The bathrooms also show signs of being outdated with older style vanities, fixtures, and lighting. The stone fireplace is a specific, older aesthetic. The home is functional and well-maintained, but key areas like the kitchen and bathrooms require minor updates to meet current quality and style standards.
Year Built
1974
Close
-
List price
$3.6M
Original List price
$3.6M
Price/Sqft
$1,830
HOA
$1,033
Days on market
-
Sold On
-
MLS number
25600451
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
05/10/21
Sold
$3,495,000
08/31/07
Sold
$2,200,000
Condition Rating
Fair
The property was built in 1974, making it 50 years old. While it features polished concrete floors and stainless steel kitchen appliances, the kitchen cabinets and granite countertops appear dated, likely from a renovation 15-25 years ago. The bathrooms also show signs of being outdated with older style vanities, fixtures, and lighting. The stone fireplace is a specific, older aesthetic. The home is functional and well-maintained, but key areas like the kitchen and bathrooms require minor updates to meet current quality and style standards.
Pros & Cons

Pros

Unrivaled Oceanfront Location & Views: Boasts 30 feet of ocean frontage with breathtaking, unobstructed views from Malibu to Catalina, offering direct beach access via private steps and a secluded atmosphere.
Strong HOA Financials: Part of a well-funded and managed HOA with nearly a million dollars in reserves, indicating financial stability and robust maintenance.
Seamless Indoor-Outdoor Living: Features floor-to-ceiling glass doors opening onto a spacious oceanfront balcony, designed for an immersive beach experience and year-round enjoyment.
Premium Parking & Furnishing Option: Includes three reserved parking spaces, a significant advantage in a beach community, with the added convenience of being available fully furnished.
Desirable Interior Features: Highlights include polished cement floors, a stone fireplace, an oceanfront great room with dining/office space, and a kitchen with ocean views, stainless steel appliances, and granite countertops.

Cons

High HOA Fees: The association fee of $1,033.00 per month is substantial and could be a significant ongoing cost for potential buyers, despite the strong reserves.
Building Age: Built in 1974, the property's age may imply potential for older systems (e.g., plumbing, electrical) or a need for updates beyond cosmetic finishes to meet modern standards.
Specific Interior Aesthetic: The polished cement floors and stone fireplace, while features, represent a specific design aesthetic that may not appeal to all potential buyers, potentially narrowing the market.

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