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5106 Pacific Avenue, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 5 bed, 6 bath

5106 Pacific Avenue, Marina Del Rey, California 90292 home-pic-0
ACTIVE$4,698,000
5106 Pacific Avenue, Marina Del Rey, California 90292
5Beds
6Baths
4,817Sqft
3,647Lot

Price Vs. Estimate

The estimated value ($4,385,278.66) is $312,721.34 (6%) lower than the list price ($4,698,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Waterfront Location: Direct canal access in Marina Peninsula, steps from a private beach, offering unparalleled coastal living and recreational opportunities.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3647, living area = 4817.

Compared to the nearby listings

Price:$4.70M vs avg $2.94M (+$1,763,000)82%
Size:4,817 sqft vs avg 3,296.5 sqft82%
Price/sqft:$975 vs avg $1.0K36%

More Insights

Built in 2003 (22 years old).
Condition: Despite being built in 2003, this property presents as a fully renovated, virtually new home. The images showcase a stunning, contemporary design with high-end finishes throughout. The kitchen features top-of-the-line, modern appliances (Sub-Zero, Wolf), sleek cabinetry, and pristine stone countertops. Bathrooms are equally impressive with modern vanities, contemporary fixtures, large walk-in showers, and current tile designs. Hardwood flooring, recessed lighting, and clean carpets contribute to an overall luxurious and move-in ready condition, indicating extensive renovation within the last 5-10 years, meeting current quality standards with no visible deferred maintenance.
Year Built
2003
Close
-
List price
$4.7M
Original List price
$4.7M
Price/Sqft
$975
HOA
-
Days on market
-
Sold On
-
MLS number
25504309
Home ConditionExcellent
Features
Excellent View: Canal, Water
Deck
Spa
ViewCanal, Water

About this home

Stunning architectural home on the canal in Marina Peninsula. Experience luxury living on the peaceful end of Grand Canal, steps from one of the most private beaches in Los Angeles. Featuring 5 spacious bedrooms, 5 full baths, and 1 half bath, this exceptional pride-of-ownership home is perfect for laid-back SoCal living. Step out onto your private deck for a quick kayak or SUP ride, walk one minute to the beach, or take a morning walk along the beautifully manicured path around lagoon. Imagine entertaining your guests at the dedicated living room bar with the fireplace roaring, flanked by floor-to-ceiling windows, showcasing the gorgeous Grand Canal. Take in breathtaking views on the expansive roof top deck, complete with a spa, outdoor shower, and a sunken living room with a pass-through window for serving guests, or enjoy a movie or gaming in the theater room. This four-story home has something for everyone and even has a three-car garage. Don't miss out on this waterfront gem!

Price History

Date
Event
Price
04/10/24
Sold
$3,475,000
Condition Rating
Excellent
Despite being built in 2003, this property presents as a fully renovated, virtually new home. The images showcase a stunning, contemporary design with high-end finishes throughout. The kitchen features top-of-the-line, modern appliances (Sub-Zero, Wolf), sleek cabinetry, and pristine stone countertops. Bathrooms are equally impressive with modern vanities, contemporary fixtures, large walk-in showers, and current tile designs. Hardwood flooring, recessed lighting, and clean carpets contribute to an overall luxurious and move-in ready condition, indicating extensive renovation within the last 5-10 years, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Exceptional Waterfront Location: Direct canal access in Marina Peninsula, steps from a private beach, offering unparalleled coastal living and recreational opportunities.
Luxury Entertainment Amenities: Boasts a dedicated living room bar, a private theater room, and an expansive rooftop deck with a spa, outdoor shower, and sunken living area, ideal for entertaining.
Stunning Architectural Design & Views: A 'stunning architectural home' featuring floor-to-ceiling windows that maximize picturesque Grand Canal views, complemented by breathtaking vistas from the rooftop.
Generous Living Space & High Bath Count: Offers 5 spacious bedrooms and 5.5 bathrooms, providing ample accommodation and comfort for residents and guests.
Ample Parking: Includes a valuable three-car garage, a significant advantage in a high-density coastal area.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3647, living area = 4817.
Absence of Mentioned Elevator: For a four-story luxury residence, the lack of an explicitly stated elevator (present in comparable properties) could be a notable inconvenience and accessibility concern.
Compact Lot Size: The 3,647 sqft lot is relatively small for a property of this caliber, potentially limiting additional outdoor ground-level space.
Potential Overpricing: The current list price of $4.698 million is approximately 7% higher than the estimated property value of $4.385 million, suggesting it may be priced above current market expectations.

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