2222 Neilson Way 102, Santa Monica, California 90405, Santa Monica, 90405 - 3 bed, 3 bath
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2222 Neilson Way 102
Santa Monica, California 90405
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,805Sq Ft
8,426Lot Size
Property Price
LIST PRICE$2,100,000
EST. MARKET VALUE
$1,971,043
6% AboveMARKET VALUE
SUMMARY
This Spacious Coastal Condominium is a Strong Value Opportunity, listed at $2,100,000—positioned well above the $1,971,043 Fair Market Value by 6%. While priced at a premium, the property offers a Condition Rating of 3, featuring a Granite Kitchen and modern wide-plank flooring. Its prime location one block from the beach and an Expansive Private Terrace provide a high-end lifestyle. This residence is an ideal acquisition for Luxury Homebuyers or Owner-Occupants seeking a move-in ready coastal sanctuary in Santa Monica.
Estimated Market Value
$1,971,043
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 |
|---|---|---|---|---|---|---|
★ 2222 Neilson Way 102 Subject | $2,100,000* List Price | 3 | 3 | 1,805 | $1,092 | - |
A 2622 2nd Street 2 Sold | $1,725,000 | 3 | 3 | 1,884 | $916 | 0.3 mi |
B 235 Ocean Park Boulevard 1 Sold | $2,540,000 | 3 | 3 | 1,904 | $1,334 | 0.3 mi |
C 611 Pacific Street Sold | $2,266,000 | 3 | 3 | 2,306 | $983 | 0.4 mi |
D 2807 3rd Street 6 Sold | $1,729,000 | 2 | 3 | 1,441 | $1,200 | 0.5 mi |
E 3002 3rd Street 203 Sold | $1,955,000 | 2 | 3 | 1,914 | $1,021 | 0.6 mi |
F 212 Marine Street 203 Sold | $1,700,000 | 2 | 2 | 1,730 | $983 | 0.7 mi |
G 3002 3rd Street 304 Sold | $1,599,000 | 2 | 3 | 1,470 | $1,088 | 0.6 mi |
H 508 Pier Avenue 4 Sold | $2,200,000 | 2 | 3 | 1,753 | $1,255 | 0.7 mi |
I 245 Hollister Avenue 1 Active | $1,595,000 List Price | 3 | 3 | 1,586 | $1,006 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building was constructed in 1991, the unit has undergone significant renovations. The kitchen features high-end stainless steel appliances and granite countertops consistent with a 10-15 year old renovation, and the living areas have been updated with modern wide-plank flooring. The property is well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just one block from both the Pacific Ocean and the vibrant Main Street, this property offers unparalleled access to Santa Monica's premier dining, shopping, and beach lifestyle.
- Spacious & Versatile Layout
At 1,800 square feet with three full bathrooms and a flexible den, this residence provides the scale and functional utility rarely found in standard condominium offerings.
- Expansive Private Terrace
The large private terrace offers a significant outdoor living component with direct primary bedroom access, perfect for enjoying the coastal climate and entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- High Association Fees
The $900 monthly HOA fee adds a substantial carrying cost to the property, which may be a consideration for buyers evaluating long-term ownership expenses.
- Lack of Scenic Views
Despite the premium price point and beachside location, the unit does not offer the ocean or panoramic views typically sought after in luxury Santa Monica real estate.
About 2222 Neilson Way 102
This ideally located, spacious 1,800-square-foot, condominium on Neilson Way offers the best of Santa Monica living. This sophisticated residence offers two bedrooms, three bathrooms, and a versatile den currently configured as a third bedroom. Location, location, location - just one block from the vibrant Main Street and one block from the sandy beaches of the Pacific, this residence puts you at the heart of one of the most desirable neighborhoods in Southern California. As you enter the condo, you're welcomed into an expansive living and dining area that sets the tone for this inviting home. The large primary bedroom is a standout, offering serene views of the expansive private terrace and easy access to this outdoor retreat - perfect for soaking in the coastal breeze. The terrace itself is ideal for outdoor dining, entertaining, or simply relaxing in your own slice of paradise. The apartment also includes two underground parking spots for added convenience. With the beach and Main Street just a block away, you'll enjoy effortless access to boutique shops, award-winning restaurants, and the lively energy of the Santa Monica community. Whether you're catching a sunset by the shore, exploring the local farmer's market, or indulging in the nearby nightlife, this location offers endless opportunities for entertainment and relaxation. It's more than a residence it's a gateway to the ultimate coastal lifestyle.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1991
- Lot Size
- 8,426 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $900.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,805 | 1,332.636 |
| Lot Size | 8,426 | 8,171.182 |
| Price | $2.10M | $1.30M |
| Price per sq ft | $1.2K | $979 |
| Built year | 1991 | 1976 |
| HOA | $900.0 | $553 |
| Days on market | 20 | 57 |
Pricing History
Listed for Sale
Aug 20, 2026
$2,100,000
Initial Listing
Sold
Jun 18, 2007
$1,000,000
Public Record
Sold
Oct 21, 2004
$839,500
Public Record