15 The Colonnade, Long Beach, California 90803, Long Beach, 90803 - 5 bed, 5 bath

15 The Colonnade
Long Beach, California 90803
Property Price
SUMMARY
Analysis of 15 The Colonnade, Long Beach, California 90803 reveals a Fairly Priced Property with a current list price of $10,250,000 aligned with the estimated $10,250,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This iconic Mid-Century Modern estate, built in 1948, is exceptionally well-maintained with recent structural updates including a new roof, fresh paint, resurfaced deck, and seawall. However, the interior, particularly the kitchen and bathrooms, largely retains its original Mid-Century aesthetic. While clean and functional, the kitchen features dated wood cabinetry and countertops, despite some newer appliances. Several bathrooms show significantly outdated styles and fixtures (e.g., pink/yellow tiling). The flooring throughout is a mix of well-preserved parquet and older tiles. The property is move-in ready and in good structural condition, but its interior design and finishes are aged and would require substantial aesthetic updates to meet current contemporary standards, aligning with the 'fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Naples Elementary School (10/10).
- Architectural Significance & Historical Value
An iconic Mid-Century Modern estate designed by acclaimed architect George M. Montierth, representing an architectural treasure and a significant piece of Long Beach history.
- Unrivaled Waterfront Location & Panoramic Views
Perfectly sited at the convergence of three canals, offering sweeping views of Alamitos Bay, The Peninsula, and the ocean from one of Naples Island's most sought-after locations.
CONSRISKS & DEFICIENCIES
- High Price Point & Limited Buyer Pool
The multi-million dollar asking price (currently $10.25M) positions this property in an ultra-luxury niche, significantly narrowing the potential buyer demographic.
- Specific Mid-Century Modern Aesthetic
While a strength for enthusiasts, the distinct Mid-Century Modern design may not universally appeal to all luxury buyers, potentially limiting market reach compared to more contemporary styles.
- Potential for Extensive Ongoing Maintenance
A large 6,182 sqft estate with a swimming pool, extensive grounds, and private marina implies substantial ongoing maintenance and operational expenses, despite recent structural updates.
About 15 The Colonnade
Among California’s most distinctive waterfront residences, this iconic Mid-Century Modern estate on Naples Island stands as both an architectural treasure and a piece of Long Beach history. Designed by acclaimed architect George M. Montierth, the home was originally commissioned as an executive retreat, created to entertain corporate guests drawn to Long Beach during the city’s thriving mid-century era. Its grand scale, dramatic design, and commanding waterfront presence reflect that legacy of hospitality and prestige. Perfectly sited at the convergence of Naples Canal, Rivo Alto Canal, and The Colonnade Canal, the residence captures sweeping views of Alamitos Bay and The Peninsula from one of the island’s most sought-after locations. A private marina spans 135 feet of open-water frontage and includes a 35-foot U-shaped slip with a 13-foot beam—an extraordinary amenity for yachtsmen and water enthusiasts alike. The 6,182-square-foot home is centered around a serene courtyard with a swimming pool, offering seamless indoor-outdoor living. A soaring 20-foot entry sets the stage for dramatic entertaining, leading to a paneled formal living room with marble fireplace and walls of glass overlooking the water. A full walk-in wet bar, elegant dining room, and expansive gathering spaces recall the home’s original purpose as a setting for distinguished entertaining. Two generous primary suites provide luxurious retreats—one with its own marble fireplace—both with walk-in closets, vanity rooms, and spa-inspired baths. Additional highlights include a private guest house with full bath, a workshop, and a motor court accommodating up to 6 cars. Positioned across five legal lots, including three waterfront parcels, the estate offers 112 feet of water frontage and exceptional versatility. Whether preserved as a Mid-Century showpiece, reimagined as a contemporary masterpiece, or developed anew, it represents one of the rarest opportunities on Naples Islands. Recent updates include a new roof, fresh paint, resurfaced upper deck, and a newly completed seawall, ensuring both beauty and structural integrity for years to come. A true legacy estate, this home embodies the elegance of its mid-century origins while offering unmatched potential on one of Southern California’s most prestigious waterfronts.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 12,143 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Naples Elementary School
Grades K-5 • 0.2 mi
Rogers Middle School
Grades 6-8 • 1.0 mi
Wilson High School
Grades 9-12 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 5.0 | 3.0 | 97% |
| Square foot | 6,182 | 2,226 | 99% |
| Lot Size | 12,143 | 3,179.5 | 99% |
| Price | $10.25M | $1.74M | 99% |
| Price per sq ft | $1.7K | $882 | 97% |
| Built year | 1948 | 1946 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 155 | 192 | 31% |
Pricing History
Listed for Sale
Jan 17, 2026
$10,250,000
$10,750,000
-5% Price Drop
Initial Listing
Price Change
Oct 2, 2025
$10,750,000
Initial Listing
Sold
Aug 2, 2022
$8,400,000
Public Record
















































