1705 Ocean Avenue 501, Santa Monica, California 90401, Santa Monica, 90401 - 3 bed, 3 bath
1705 Ocean Avenue 501
Santa Monica, California 90401
Property Price
SUMMARY
Analysis of 1705 Ocean Avenue 501, Santa Monica, California 90401 is currently available with a list price of $4,999,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Santa Monica 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This luxury residence features high-end modern design by Marmol Radziner, brand new windows and doors, and custom upgrades throughout. The property is in pristine, move-in-ready condition with premium kitchen appliances, designer light fixtures, and contemporary finishes that meet the highest quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Ocean Views
This rare corner unit offers breathtaking 270-degree ocean views from every room, complemented by an expansive wrap-around private deck that is among the largest in the building.
- Architectural Pedigree
Designed by the world-renowned firm Marmol Radziner, the residence showcases high-end modern design, custom upgrades, and elegant finishes throughout.
- Prime Coastal Location
Situated in the heart of Santa Monica, the property is moments away from the Santa Monica Pier, Main Street, and the 3rd Street Promenade, offering an unparalleled urban-coastal lifestyle.
CONSRISKS & DEFICIENCIES
- High Carrying Costs
The monthly association fee of $1,901 is substantial, which may impact the overall affordability and appeal for some luxury buyers.
- Urban Noise and Traffic
Being located in a high-density tourist area near the Santa Monica Pier can result in significant foot traffic and noise levels during peak seasons.
- Market Positioning
A recent price reduction from the original $5.5 million listing suggests the property may have faced challenges with its initial valuation in the current market.
About 1705 Ocean Avenue 501
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- -
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1901.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 86% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 2,399 | 1,400 | 86% |
| Lot Size | - | 11,228 | 29% |
| Price | $5.00M | $1.30M | 86% |
| Price per sq ft | $2.1K | $1.0K | 86% |
| Built year | - | 1989 | 14% |
| HOA | $1901.0 | $1.7K | 86% |
| Days on market | 51 | 176 | 29% |
Pricing History
Listed for Sale
Feb 7, 2026
$4,999,999
$5,500,000
-9% Price Drop
Initial Listing
Price Change
Jan 14, 2026
$5,500,000
Initial Listing