1705 Ocean Avenue 311, Santa Monica, California 90401, Santa Monica, 90401 - 2 bed, 2 bath
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1705 Ocean Avenue 311
Santa Monica, California 90401
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,574Sq Ft
40,870Lot Size
Property Price
LIST PRICE$2,195,000
EST. MARKET VALUE
$2,318,474
5% BelowMARKET VALUE
SUMMARY
This Luxury Coastal Residence at The Waverly represents a Strong Value Opportunity, listed at $2,195,000—positioned well below the $2,318,475 Fair Market Value by 5%. This valuation gap provides $123,475 in Instant Equity. Featuring an Excellent Condition Rating and designer finishes by Marmol Radziner, this home offers a turnkey lifestyle with Ocean Views and a private Deck. Its prestigious pedigree and full-service amenities make it an ideal acquisition for Owner-Occupants seeking a premier lifestyle or Sophisticated Investors targeting high-demand coastal assets.
Estimated Market Value
$2,318,474+$123,474 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1705 Ocean Avenue 311 Subject | $2,195,000* List Price | 2 | 2 | 1,574 | $1,473 | - |
A 1705 Ocean Avenue 307 Active | $2,749,000 List Price | 2 | 2 | 1,660 | $1,656 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This luxury residence in The Waverly (built circa 2014) is approximately 10 years old and maintains a mint, move-in-ready condition. It features high-end designer finishes by Marmol Radziner, including a gourmet kitchen with premium stainless steel appliances, contemporary flat-panel cabinetry, and marble-clad bathrooms with modern fixtures. The systems and overall structure reflect high-quality modern construction with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated on prestigious Ocean Avenue, the property offers direct access to the Pacific Ocean, Tongva Park, and world-class dining, complemented by desirable ocean views.
- Architectural Pedigree & Amenities
Designed by renowned architects Marmol Radziner, The Waverly provides elite full-service amenities including a concierge and an Equinox-designed fitness center.
- Unique Celebrity Provenance
The residence boasts a distinguished history as the former home of two Academy Award winners, adding significant prestige and marketing allure to the property.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $1,776.92 is substantial, which may impact the overall affordability and investment yield for some buyers.
- Premium Pricing
With a list price of nearly $2.2 million for a 1,574-square-foot unit, the high price-per-square-foot reflects a significant premium for the location and building brand.
About 1705 Ocean Avenue 311
Experience elevated coastal living in this beautifully designed 2-bedroom, 2-bathroom residence offering at The Waverly, Santa Monica's premier luxury condominium designed by acclaimed architects Marmol Radziner. Thoughtfully appointed with designer finishes, expansive light-filled interiors, and an open floor plan, this exceptional home seamlessly blends contemporary elegance with effortless comfort. Adding to its unique appeal, two Academy Award winners have called this residence home. Residents enjoy full-service concierge amenities, an Equinox-designed fitness center, resident lounge, and dog grooming facility. Ideally located across from the Pacific Ocean and Tongva Park, and just moments from the Santa Monica Pier, Third Street Promenade, Shutters on the Beach, acclaimed dining, shopping, and the best of Santa Monica's vibrant coastal lifestyle.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 0
- Lot Size
- 40,870 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1776.92 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,574 | 1,332.636 |
| Lot Size | 40,870 | 8,171.182 |
| Price | $2.19M | $1.30M |
| Price per sq ft | $1.4K | $979 |
| Built year | 0 | 1976 |
| HOA | $1776.92 | $553 |
| Days on market | 47 | 57 |
Pricing History
Listed for Sale
Jul 24, 2026
$2,195,000
Initial Listing