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1705 Ocean Avenue 311, Santa Monica, California 90401, Santa Monica, 90401 - 2 bed, 2 bath

1705 Ocean Avenue 311, Santa Monica, California 90401 home-pic-0
ACTIVE$2,195,000
1705 Ocean Avenue 311, Santa Monica, California 90401
2Beds
2Baths
1,574Sqft
40,870Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: The property boasts an unparalleled location directly across from the ocean and newly renovated Tongva Park, with immediate access to the Santa Monica Pier, Third Street Promenade, Shutters Hotel, and numerous renowned dining and shopping options.
Top Cons:
High Monthly Association Fees: The substantial monthly association fee of $1,754.79 significantly adds to the overall cost of ownership, which could be a deterrent for some potential buyers.

Compared to the nearby listings

Price:$2.19M vs avg $1.52M (+$677,500)83%
Size:1,574 sqft vs avg 1,464.5 sqft83%
Price/sqft:$1.4K vs avg $1.0K67%

More Insights

Built in 2014 (11 years old).
Condition: Built in 2014, this property is only 10 years old, fitting the 'Excellent' criteria for age. The images showcase a meticulously maintained, custom-designed condo with high-end designer finishes throughout. The kitchen features sleek, modern cabinetry, top-of-the-line stainless steel appliances, and contemporary countertops. Bathrooms are equally impressive with modern vanities, natural stone-like finishes, and updated fixtures. All flooring, lighting, and visible components appear virtually new, reflecting minimal physical depreciation and meeting current quality standards.
Year Built
2014
Close
-
List price
$2.19M
Original List price
$2.5M
Price/Sqft
$1,395
HOA
$1,754.79
Days on market
-
Sold On
-
MLS number
24465983
Home ConditionExcellent
Features
Good View: Ocean
Deck
ViewOcean

About this home

Enjoy luxurious coastal living in this custom designed 2-bedroom, 2-bathroom condo spanning 1,574 square feet, located in The Waverly, a prestigious development in Santa Monica, CA designed by the remarkable architects, Marmol Radziner. This residence offers designer finishes and spacious interiors and the building is equipped with an Equinox designed fitness center, community room, and dog grooming facility. Its prime location provides stunning views and convenient access to Santa Monica's vibrant coastal lifestyle. Located around the corner from the iconic Santa Monica Pier, Third Street Promenade and Shutters Hotel, with renowned coffee shops and restaurants right under your feet. Walk out of your full service, concierge building across the street from the ocean, and the newly renovated Tongva Park, a beautiful, modern urban park stretching over six acres with unique structures, art sculptures, diverse and sustainable plants and trees, play structures and plenty of amenities for everyone to enjoy.

Condition Rating
Excellent
Built in 2014, this property is only 10 years old, fitting the 'Excellent' criteria for age. The images showcase a meticulously maintained, custom-designed condo with high-end designer finishes throughout. The kitchen features sleek, modern cabinetry, top-of-the-line stainless steel appliances, and contemporary countertops. Bathrooms are equally impressive with modern vanities, natural stone-like finishes, and updated fixtures. All flooring, lighting, and visible components appear virtually new, reflecting minimal physical depreciation and meeting current quality standards.
Pros & Cons

Pros

Prime Coastal Location: The property boasts an unparalleled location directly across from the ocean and newly renovated Tongva Park, with immediate access to the Santa Monica Pier, Third Street Promenade, Shutters Hotel, and numerous renowned dining and shopping options.
Luxury Building & Amenities: Located in 'The Waverly,' a prestigious development designed by Marmol Radziner, the building offers a full-service concierge, an Equinox-designed fitness center, a community room, and a dog grooming facility, providing a high-end lifestyle.
Ocean Views: The residence offers stunning views, confirmed by its direct proximity to the ocean and the property details, enhancing its desirability and value.
Modern Construction & Designer Finishes: Built in 2014, this custom-designed condo features contemporary architecture and high-quality designer finishes throughout, ensuring a modern aesthetic and reduced immediate maintenance needs.
Spacious Interiors: With 1,574 square feet for a 2-bedroom, 2-bathroom layout, the condo offers generous living spaces, providing comfort and functionality often sought in luxury urban residences.

Cons

High Monthly Association Fees: The substantial monthly association fee of $1,754.79 significantly adds to the overall cost of ownership, which could be a deterrent for some potential buyers.
Significant Price Reduction: The property has undergone a notable price reduction from its original list price of $2,500,000 to $2,195,000, which may suggest initial overpricing or a longer time on market, potentially raising questions for buyers.
Limited Private Outdoor Space: As a luxury condominium unit, it likely offers limited private outdoor space, such as a small balcony, which may not appeal to buyers desiring a private yard or more expansive outdoor living areas.

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