131 Galleon Street 2, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 3 bed, 4 bath

131 Galleon Street 2, Marina Del Rey, California 90292 home-pic-0
ACTIVE UNDER CONTRACT$1,750,000
131 Galleon Street 2, Marina Del Rey, California 90292
3Beds
4Baths
2,121Sqft
2,393Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: Situated just 3 blocks from the beach on the coveted Marina del Rey Peninsula, offering exceptional proximity to local restaurants, shops, theaters, and the highly-rated Coeur D'Alene primary school district.
Top Cons:
Significant Price Reductions: The property has undergone multiple price reductions from its original list price of $1,949,000 down to $1,750,000, potentially indicating an extended market time or initial overpricing.

Compared to the nearby listings

Price:$1.75M vs avg $1.16M (+$595,000)86%
Size:2,121 sqft vs avg 1,629 sqft85%
Price/sqft:$825 vs avg $73661%

More Insights

Built in 1988 (37 years old).
Condition: This property has undergone an extensive and elegant remodel by a Santa Monica-based interior designer, bringing it to a virtually new condition. The gourmet kitchen features modern light blue custom cabinetry, Calcutta quartz countertops, stainless steel appliances, and recessed lighting, all appearing brand new. Bathrooms are described with dual vanities and oversized showers, consistent with high-end, recent updates. The overall aesthetic, including flooring, light fixtures, and finishes throughout, is contemporary and pristine. While the original structure dates to 1988, the comprehensive renovation ensures all visible components meet current quality standards, making it move-in ready with no deferred maintenance.
Year Built
1988
Close
-
List price
$1.75M
Original List price
$1.95M
Price/Sqft
$825
HOA
$157
Days on market
-
Sold On
-
MLS number
25586713
Home ConditionExcellent
Features
Good View: City Lights, Marina, Mountain(s), Ocean
Deck
ViewCity Lights,Marina,Mountain(s),Ocean

About this home

Located just 3 blocks from the beach, this elegantly remodeled 3-bedroom front facing unit, designed by Santa Monica based interior designer Christine Markatos, is located on the coveted Marina del Rey Peninsula. Contained in a boutique 2-unit building and boasting low HOA dues, coastal breezes, ocean views, and an abundance of natural light. The focal point of the home lies within its spacious dining area and generously sized living room complete with a gas fireplace, balcony and high vaulted ceilings throughout. The updated gourmet kitchen features calcutta quartz countertops, stainless steel appliances, custom cabinetry, and a generous center island. Ascend the elegant spiral staircase to find a versatile study/ media room with access to a private two-level outdoor deck, perfect for soaking in the coastal ambiance or watching the sunset. The primary bedroom offers a generous walk-in closet, glass sliding doors opening onto a balcony, en-suite bathroom with dual vanity sinks, oversized shower and ample storage. Two additional suites well-appointed for a guest-room or home office. The lower level features a private two-car garage with direct access to a versatile flex space. This multifunctional area is thoughtfully equipped with a convenient kitchenette and a well-appointed bathroom, enhancing both comfort and functionality. Outside, the gated front courtyard presents an inviting atmosphere, complete with an outdoor shower and abundant seating arrangements, ensuring ample space for relaxation and socializing. Exceptional location with incredible proximity to local restaurants, shops, theaters, and the beach. A true gem in the heart of one of L.A.'s most dynamic enclaves. Within the excellent Coeur D'Alene primary school district.

Price History

Date
Event
Price
10/25/21
Sold
$1,725,000
03/01/02
Sold
$1,005,000
Condition Rating
Excellent

This property has undergone an extensive and elegant remodel by a Santa Monica-based interior designer, bringing it to a virtually new condition. The gourmet kitchen features modern light blue custom cabinetry, Calcutta quartz countertops, stainless steel appliances, and recessed lighting, all appearing brand new. Bathrooms are described with dual vanities and oversized showers, consistent with high-end, recent updates. The overall aesthetic, including flooring, light fixtures, and finishes throughout, is contemporary and pristine. While the original structure dates to 1988, the comprehensive renovation ensures all visible components meet current quality standards, making it move-in ready with no deferred maintenance.
Pros & Cons

Pros

Prime Coastal Location: Situated just 3 blocks from the beach on the coveted Marina del Rey Peninsula, offering exceptional proximity to local restaurants, shops, theaters, and the highly-rated Coeur D'Alene primary school district.
Designer Remodel & High-End Finishes: Elegantly remodeled by a Santa Monica-based interior designer, featuring a gourmet kitchen with Calcutta quartz countertops, stainless steel appliances, custom cabinetry, and high vaulted ceilings throughout.
Ocean Views & Coastal Ambiance: Boasts desirable ocean views, coastal breezes, and additional views of city lights, the marina, and mountains, enhancing the property's appeal and living experience.
Versatile Living Spaces & Amenities: Includes a private two-car garage with direct access to a flex space equipped with a kitchenette and bathroom, a private two-level outdoor deck, a versatile study/media room, and a gated front courtyard with an outdoor shower.
Low HOA Dues & Boutique Building: Located in an exclusive 2-unit building with exceptionally low HOA dues of $157 per month, offering a more private and cost-effective ownership experience compared to larger complexes.

Cons

Significant Price Reductions: The property has undergone multiple price reductions from its original list price of $1,949,000 down to $1,750,000, potentially indicating an extended market time or initial overpricing.
Age of Building (1988): While extensively remodeled, the core structure dates back to 1988, which may raise concerns about the age and condition of unseen building systems (e.g., plumbing, electrical, roof) not explicitly covered by the recent renovations.
Limited Shared Amenities/Small HOA: As a 2-unit building, while offering exclusivity, it means fewer owners to share the financial burden of major building-wide repairs or upgrades, and potentially less formal governance compared to larger condominium associations.

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