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15 Reef Street, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 6 bed, 5 bath

15 Reef Street, Marina Del Rey, California 90292 home-pic-0
ACTIVE UNDER CONTRACT$5,499,000$5,029/sqft
Est. Value: $4,870,269
-11%
AboveEstimate
15 Reef Street, Marina Del Rey, California 90292
6Beds
5Baths
5,029Sqft
3,149Lot

Price Vs. Estimate

The estimated value ($4,870,268.82) is $628,731.18 (11%) lower than the list price ($5,499,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Coastal Location & Access: The property boasts unparalleled access to both the beach and marina in the highly desirable Marina Peninsula, offering a coveted coastal lifestyle.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3149, living area = 5029.

Compared to the nearby listings

Price:$5.50M vs avg $3.09M (+$2,409,000)84%
Size:5,029 sqft vs avg 3,256 sqft84%
Price/sqft:$1.1K vs avg $1.0K58%

More Insights

Built in 1989 (37 years old).
Condition: This property was 'newly remodeled in Summer 2024,' which means it was extensively renovated within the last year. The images confirm this, showcasing a 'chef's dream kitchen' with integrated, high-end appliances, custom cabinetry, and luxurious marble-look countertops. The bathrooms are 'spa-like' with modern fixtures, dual vanities, and a large walk-in shower, all appearing brand new. Throughout the home, modern concrete-look flooring, contemporary light fixtures, and pristine finishes indicate a complete, high-quality renovation meeting current standards. All major systems, including a private elevator, are implied to be new or virtually new, aligning perfectly with the 'Excellent' condition criteria.
Year Built
1989
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
$1,093
HOA
-
Days on market
-
Sold On
-
MLS number
25557665
Home ConditionExcellent
Features
Excellent View: Ocean
Deck
Spa
Patio
ViewOcean

About this home

Coastal Luxury Meets Tulum Tranquility. Welcome to the Marina Peninsula's most refined offering. A custom-designed beachside sanctuary newly remodeled in Summer 2024. This exquisite residence blends warmth, sophistication, and wellness effortlessly. An expansive permitted addition features a private elevator servicing all four levels, soaring ceilings, and over 1,300 additional square feet of outdoor space, including a stunning 1,000-square-foot rooftop deck complete with a spa and fireplace. Enjoy the 300-square-foot main-level lounge framed by oversized sliding glass walls, creating a seamless transition between indoor and outdoor living.The heart of the home boasts luminous, open-concept living spaces with rich natural wood accents and curated textures, anchored by a chef's dream kitchen featuring custom cabinetry and integrated appliances. Spa-like bathrooms provide a daily retreat, while the primary suite impresses with barrel-vaulted ceilings and breathtaking ocean views.The separate guest suite on the lower level includes a kitchenette, bathroom, and closetideal for visitors seeking privacy. Additional highlights include a rare subterranean 4-car garage. With unparalleled access to both the beach and marina, this property is a turnkey coastal escape that redefines luxury living.

T
Ty Bergman
Listing Agent

Price History

Date
Event
Price
10/28/21
Sold
$3,050,000
02/19/21
Sold
$2,900,500
02/18/15
Sold
$3,839,500
06/28/02
Sold
$1,875,000
Condition Rating
Excellent
This property was 'newly remodeled in Summer 2024,' which means it was extensively renovated within the last year. The images confirm this, showcasing a 'chef's dream kitchen' with integrated, high-end appliances, custom cabinetry, and luxurious marble-look countertops. The bathrooms are 'spa-like' with modern fixtures, dual vanities, and a large walk-in shower, all appearing brand new. Throughout the home, modern concrete-look flooring, contemporary light fixtures, and pristine finishes indicate a complete, high-quality renovation meeting current standards. All major systems, including a private elevator, are implied to be new or virtually new, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Prime Coastal Location & Access: The property boasts unparalleled access to both the beach and marina in the highly desirable Marina Peninsula, offering a coveted coastal lifestyle.
Extensive Recent Remodel & Expansion: Newly remodeled in Summer 2024 with a permitted addition, the residence offers modern luxury, expanded living space, and a turnkey experience.
Exceptional Outdoor Living & Rooftop Deck: Features over 1,300 sqft of outdoor space, including a stunning 1,000 sqft rooftop deck complete with a spa and fireplace, ideal for entertaining and relaxation with ocean views.
Luxury Amenities & Features: Equipped with a private elevator servicing all four levels, a chef's dream kitchen with custom cabinetry, spa-like bathrooms, and a rare subterranean 4-car garage.
Versatile Guest Accommodations: A separate lower-level guest suite with a kitchenette and bathroom provides privacy and flexibility, perfect for visitors or multi-generational living.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3149, living area = 5029.
Compact Lot Size: The 3,149 sqft lot is relatively small for a luxury home of this square footage, offering limited ground-level outdoor space beyond the main lounge area.
High Price Point: With a list price of $5.499 million, the property targets a very specific luxury buyer segment, which may limit the pool of potential purchasers.
Ongoing Maintenance Costs: The extensive luxury features, including a private elevator, rooftop spa, and high-end integrated appliances, will likely incur significant ongoing maintenance and operational expenses.
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