
Santa Monica, California 90405
This Architectural Coastal Residence is a Strong Value Opportunity, listed at $5,995,000—positioned well below the $6,230,532 Fair Market Value by 3%. This valuation gap offers $235,532 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home offers a lap pool, spa, and panoramic ocean views from private roof decks. Its versatile layout, including a detached guest house, makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2502 7th Street Subject | $5,995,000* List Price | 5 | 5 | 4,815 | $1,284 | - |
A 1724 Pine Street Sold | $4,868,000 | 4 | 5 | 3,324 | $1,465 | 0.8 mi |
B 2402 11th Street Active | $4,299,000 List Price | 5 | 5 | 3,562 | $1,207 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, the property is approximately 18-20 years old, placing it squarely in the 'Good' category. The architectural design remains functional and move-in ready, featuring high-end materials like stone and wood, well-maintained systems including solar panels, and no visible signs of deferred maintenance.
Designed by award-winning architect Jesse Bornstein and featured in Dwell and the LA Times, this home showcases exceptional contemporary design and high-end material craftsmanship.
Situated on one of Ocean Park's highest hillsides, the property features expansive roof decks offering unobstructed, 360-degree views of the Pacific Ocean, city skyline, and mountains.
The floor plan includes a private primary retreat, a detached guest house, and a media room, providing flexible options for multi-generational living, staff quarters, or a creative studio.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4815, other record living area = 4655.
The multi-level architectural design, while maximizing views, may pose accessibility challenges for buyers seeking a more traditional or single-level living experience.
The intricate combination of specialized materials (wood, metal, glass) and extensive water features like the koi pond and lap pool may require higher-than-average ongoing maintenance.
The Panorama House. Perched atop one of the highest hillsides in Ocean Park, this architectural work by award winning architect Jesse Bornstein is a study in form, material, and horizon. A gated entry introduces the residence, while a lap pool, spa, spacious backyard, and koi pond blend seamlessly with the landscape. The primary suite, occupying its own level, functions as a private retreat with an adjoining office. A separate wing houses two secondary bedrooms and a media room, balancing privacy with connection. A detached guest house extends this sense of flexibility, serving as visitor quarters, staff residence, or creative studio. Above it all, the roof decks frame panoramic views of the ocean, city, and mountains. The interiors reveal a palette of wood, metal, stone, and glass -- their craftsmanship expressed in precise detailing and tactile richness. Additional features include a two-car garage and gated parking for two cars. As featured in Dwell and the LA Times, Panorama House embodies the clarity and ambition of contemporary coastal architecture. Its setting is equally compelling: just a half-mile walk from Main Street and the beach, with a brand-new K8 school nearing completion down the street, further anchoring the home in a vibrant, evolving community.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.1 |
| Baths | 5.0 | 2.9 |
| Square foot | 4,815 | 1,967.643 |
| Lot Size | 8,009 | 6,981.625 |
| Price | $6.00M | $3.73M |
| Price per sq ft | $1.2K | $1.7K |
| Built year | 2006 | 1940 |
| HOA | $0 | $0 |
| Days on market | 65 | 58 |
Jul 6, 2026
$5,995,000
Initial Listing
Jul 2, 2010
$2,725,000
Public Record
Apr 30, 2004
$915,000
Public Record