
Santa Monica, California 90402
This Turnkey Mediterranean Estate is a Strong Value Opportunity, listed at $9,500,000—positioned well below the $9,571,596 Fair Market Value by 0.75%. This pricing offers $71,596 in Instant Equity for the discerning buyer. Featuring a Good Condition Rating, the home includes a private guest house, sparkling pool and spa, and oak hardwood floors. Located in a premier coastal enclave near Franklin Elementary (9/10), this property is an ideal sanctuary for luxury homeowners or sophisticated families seeking an immediate, high-end lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 424 Marguerita Avenue Subject | $9,500,000* List Price | 4 | 5 | 5,796 | $1,651 | - |
A 541 11th Street Sold | $7,550,000 | 5 | 6 | 4,314 | $1,750 | 0.5 mi |
B 721 Adelaide Place Sold | $9,490,000 | 4 | 5 | 4,796 | $1,979 | 0.4 mi |
C 415 Mesa Road Sold | $8,550,000 | 5 | 5 | 4,287 | $1,994 | 0.7 mi |
D 1202 San Vicente Boulevard Active | $8,595,000 List Price | 6 | 7 | 6,000 | $1,433 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1990, the property is 36 years old but qualifies as 'Good' due to being well-maintained and move-in ready. It features a recent cosmetic refresh (less than 5 years) including designer paint, refinished oak hardwood floors, new carpeting, and reimagined landscaping. While the kitchen and baths are not described as newly remodeled, the overall condition and high-end maintenance of this Mediterranean estate suggest functional, quality systems.
Elementary School: Franklin Elementary School (9/10).
Located on one of Santa Monica's most prestigious streets, this estate offers an elite lifestyle with immediate proximity to the beach and top-tier public schools like Roosevelt Elementary.
The property includes a separate guest house, a dedicated office, and a library/media room, providing exceptional flexibility for multi-generational living and remote professional work.
Despite its prime location near the coast and the $9.5M price point, the property does not offer the ocean or city views often expected in this luxury bracket.
Built in 1990, the Mediterranean floor plan may feel more traditional and segmented compared to the ultra-modern, open-concept layouts found in newer luxury constructions.
Situated in a coveted Santa Monica enclave, on one of the most desired streets in the city, this timeless Mediterranean estate offers elegant coastal living just moments from the ocean. Step into a sumptuous living room with soaring two-story ceilings, a dramatic fireplace, and abundant natural light. The formal dining room exudes classic sophistication ideal for refined entertaining. The expansive primary suite is a true retreat, featuring a cozy sitting area and its own fireplace. Two additional en-suite bedrooms offer privacy and comfort, while a separate guest house is its own private suite perfect for visitors or extended stays. A warm and inviting library /media room with custom built-ins and a fireplace adds to the home's charm. There is also a dedicated office room for work or study. The kitchen is complete with a sunlit breakfast area, center island, and a well-appointed butler's pantry. Additional highlights include a bonus room, oak hardwood floors, and a total of three fireplaces. Outside, a tranquil patio which overlooks a lush garden, sparkling pool and spa with cascading waterfalls is your idyllic setting for both relaxation and entertaining. The interiors have been thoughtfully refreshed with designer-selected paint, refinished hardwood floors, and luxurious new carpeting, while the grounds have been completely reimagined with all-new, professional landscaping. Indulge in this rare blend of refined living and an unbeatable location, where the scent of salt air greets you with every dawn. Just moments from the beach, mornings here are marked by gentle ocean breezes, the distant sound of waves, and refreshing coastal light that fills the home bringing a sense of serenity that only near seaside living can offer.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades PK-5 • 1.5 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 5.0 | 4.0 | 63% |
| Square foot | 5,796 | 2,739 | 93% |
| Lot Size | 11,377 | 8,691.5 | 78% |
| Price | $9.50M | $5.10M | 89% |
| Price per sq ft | $1.6K | $1.9K | 30% |
| Built year | 1990 | 1944 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 113 | 2% |
May 16, 2026
$9,500,000
Initial Listing
Feb 28, 2019
$6,500,000
Public Record
Jul 18, 2017
$650,000
Public Record
Feb 15, 2006
$4,500,000
Public Record