515 Ocean Avenue 706s, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath
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Santa Monica, California 90402
This Luxury Coastal Residence is a fully reimagined sanctuary listed at $3,800,000—positioned above the $3,166,619 Fair Market Value to reflect its ultra-high-end designer upgrades and prime high-floor position. Boasting a Condition Rating of 2, the home features Miele appliances, custom Italian cabinetry, and Fleetwood doors framing sweeping ocean and mountain views. Residents benefit from a $17M building retrofit and proximity to top-rated schools like Roosevelt Elementary and Lincoln Middle School. This move-in-ready home is an ideal match for Luxury Owner-Occupants or Coastal Lifestyle Enthusiasts.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Ocean Avenue 706s Subject | $3,800,000* List Price | 2 | 2 | 1,490 | $2,125 | - |
A 515 Ocean Avenue 402n Sold | $3,500,000 | 2 | 3 | 1,865 | $1,877 | - |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a fully reimagined designer residence that has undergone an extensive high-end renovation. It features premium materials such as French white oak flooring and custom Italian cabinetry, alongside top-of-the-line Miele appliances and a Control4 smart home system. The bathrooms are spa-inspired with marble finishes and Toto bidets, and the installation of Fleetwood floor-to-ceiling doors indicates a complete modernization that meets the highest current quality standards.
Situated in the prestigious North of Montana enclave on Ocean Avenue, this residence offers unobstructed ocean and mountain views directly across from Palisades Park, providing an elite coastal lifestyle.
The home features a complete high-end reimagining with Miele appliances, custom Italian cabinetry, Fleetwood floor-to-ceiling doors, and a comprehensive Control4 smart home system for modern convenience.
Residents benefit from a full-service lifestyle including 24-hour concierge, valet parking, a fitness center, pool, spa, and dedicated EV charging stations in a secure environment.
The building is currently undergoing earthquake retrofitting and various upgrades, which may result in temporary noise, dust, or restricted access to certain common areas during the project.
At $1,950 per month, the association fees are substantial, which may impact the overall affordability and investment yield for some buyers compared to other luxury units.
Elevated Coastal Living | 515 Ocean Avenue, Residence 706S | Santa Monica Discover refined coastal luxury in this fully reimagined designer residence on iconic Ocean Avenue, ideally situated in Santa Monica's coveted North of Montana enclave directly across from Palisades Park. Enjoy sweeping ocean and mountain views along with effortless walkability to the city's premier dining, shopping, and beaches. Thoughtfully curated with exceptional craftsmanship and high-end finishes, the home features custom Italian cabinetry, French white oak flooring, electronic shades, and a comprehensive Control4 smart home system. The chef's kitchen is equipped with top-tier Miele appliances including an induction cooktop, steam and conventional ovens alongside a Galley sink and Dornbracht fixtures, seamlessly integrated into a clean, modern aesthetic.Fleetwood floor-to-ceiling doors bathe the interiors in natural light and open to a private balcony accessible from the living room, second bedroom/office, and primary suite creating a seamless indoor-outdoor flow.The primary suite offers dual custom Italian closets, direct balcony access, and a spa-inspired marble bath with an oversized shower, custom vanity, and Toto bidets in both bathrooms. The second bedroom, currently styled as an office, is positioned across from a beautifully appointed bath featuring a deep soaking tub.Additional amenities include two garage parking spaces with EV charging, in-unit laundry, secure storage, and access to full-service building offerings: 24-hour concierge, valet, fitness center, pool, spa, and security. Earthquake retrofitting and building upgrades are in progress, with all current assessments paid in full (buyer to verify). A rare opportunity to own an exceptional coastal residence in one of Santa Monica's most sought-after locations.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,490 | 1,568 | 39% |
| Lot Size | 67,427 | 38,613.5 | 61% |
| Price | $3.80M | $2.13M | 83% |
| Price per sq ft | $2.6K | $1.4K | 94% |
| Built year | 1976 | 1976 | 50% |
| HOA | $1950.0 | $2.2K | 39% |
| Days on market | 57 | 206 | 11% |
Apr 21, 2026
$3,800,000
$3,895,000
-2% Price Drop
Initial Listing
Feb 24, 2026
$3,895,000
Initial Listing
Jun 2, 2017
$2,130,000
Public Record