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1705 Ocean Avenue 501, Santa Monica, California 90401, Santa Monica, 90401 - 3 bed, 3 bath

1705 Ocean Avenue 501, Santa Monica, California 90401 home-pic-0
ACTIVE$5,500,000$2,399/sqft
1705 Ocean Avenue 501, Santa Monica, California 90401
3Beds
3Baths
2,399Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unparalleled Panoramic Views: Offers breathtaking 270-degree panoramic ocean, city lights, and mountain views from every room, complemented by an expansive private wrap-around outdoor deck.
Top Cons:
Premium Price Point: The $5.5 million asking price places it in the ultra-luxury market, appealing to a highly specific and limited buyer pool.

Compared to the nearby listings

Price:$5.50M vs avg $1.52M (+$3,982,500)83%
Size:2,399 sqft vs avg 1,464.5 sqft83%
Price/sqft:$2.3K vs avg $1.1K83%

More Insights

Condition: This property is in excellent condition, featuring a modern, high-end design with custom upgrades and fine finishes throughout. The kitchen boasts sleek flat-panel cabinetry, top-of-the-line stainless steel appliances, and marble countertops, all appearing virtually new. Bathrooms are equally luxurious with extensive marble tiling, modern vanities, and contemporary fixtures. The description explicitly states 'brand new windows and doors,' and the overall aesthetic, including hardwood flooring and modern lighting, indicates a very recent build or extensive renovation, meeting current quality standards with no visible deferred maintenance.
Year Built
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
$2,293
HOA
$1,901
Days on market
-
Sold On
-
MLS number
26637507
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Ocean, Water
Deck
ViewCity Lights,Mountain(s),Ocean,Water

About this home

Stunning crown jewel of the prestigious modern residences of The Waverly at Ocean Avenue, designed by world renowned Marmol Radziner. Luxurious west ocean facing 5th floor corner unit with panoramic 270 degrees of ocean views from every room, including breathtaking views from private showcase outdoor deck that wraps all the way around all three sides of one of the largest and finest residences in the building. Custom upgrades and move in ready, come enjoy the elegant design and fine finishes. Includes personal Tesla charging station in two side by side parking spaces. Unit has brand new windows and doors. Building amenities include 24 hour concierge, gym, pet spa, Starbucks, and 5th floor Sky Bridge Lounge- an entertainment retreat with kitchen, fireplace, BBQ & stunning ocean views. Located in the heart of Santa Monica, moments from Santa Monica Pier, Main St, 3rd Street Promenade. Also available for lease at $23,000 per month.

A
Antonia Mollica
Listing Agent
Condition Rating
Excellent
This property is in excellent condition, featuring a modern, high-end design with custom upgrades and fine finishes throughout. The kitchen boasts sleek flat-panel cabinetry, top-of-the-line stainless steel appliances, and marble countertops, all appearing virtually new. Bathrooms are equally luxurious with extensive marble tiling, modern vanities, and contemporary fixtures. The description explicitly states 'brand new windows and doors,' and the overall aesthetic, including hardwood flooring and modern lighting, indicates a very recent build or extensive renovation, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Unparalleled Panoramic Views: Offers breathtaking 270-degree panoramic ocean, city lights, and mountain views from every room, complemented by an expansive private wrap-around outdoor deck.
Prestigious Building & Design: Located in 'The Waverly at Ocean Avenue,' a crown jewel residence designed by world-renowned Marmol Radziner, signifying architectural excellence and luxury.
Extensive Luxury Amenities: Features a 24-hour concierge, gym, pet spa, Starbucks, and a 5th-floor Sky Bridge Lounge with kitchen, fireplace, and BBQ, providing a resort-like living experience.
Prime Coastal Location: Situated in the heart of Santa Monica, moments from the Santa Monica Pier, Main Street, and 3rd Street Promenade, offering exceptional walkability and access to attractions.
Luxurious & Turnkey Condition: Boasts custom upgrades, elegant design, fine finishes, brand new windows/doors, and a personal Tesla charging station, making it move-in ready with modern conveniences.

Cons

Premium Price Point: The $5.5 million asking price places it in the ultra-luxury market, appealing to a highly specific and limited buyer pool.
Substantial Monthly HOA Dues: The $1,901 monthly association fee represents a significant ongoing financial commitment in addition to the purchase price.
Condominium Lifestyle Limitations: As a condominium, it inherently lacks the private outdoor space and autonomy typically associated with single-family luxury homes, which may not suit all high-end buyers.
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