
Santa Monica, California 90402
This Penthouse Condominium represents a Strong Value Opportunity, listed at $5,995,000—positioned well below the $5,974,948 Fair Market Value by a negligible margin, reflecting a stable, fair-market entry. With a Condition Rating of 4, the residence offers a solid foundation for modernization to reach its full luxury potential. Residents enjoy Panoramic Coastal Views, a Wraparound Balcony, and elite amenities like a Pool and Spa. Located near Top-Rated Schools like Roosevelt Elementary, this is an ideal acquisition for Luxury Homeowners or Discerning Investors seeking a prestigious Santa Monica address.
Luxury penthouse in Santa Monica Park Plaza. 2-bed, 4-bath with panoramic ocean views, wraparound balcony, and full-service amenities. Prime coastal living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Ocean Avenue Nph B Subject | $5,995,000* List Price | 2 | 4 | 3,175 | $1,882 | - |
A 603 Ocean Avenue 1east Sold | $4,800,000 | 3 | 3 | 2,474 | $1,940 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1976 and features a renovation that appears to be over 20 years old. While the unit is well-maintained and move-in ready, the kitchen is dated with older white appliances and cabinetry styles that would require updating to meet current luxury standards for this price point.
As a southwest-facing penthouse, this residence offers unparalleled, unobstructed views of the Pacific Ocean, coastline, and mountains through floor-to-ceiling glass walls and a wraparound balcony.
With over 3,100 square feet of living area, the property features a rare and versatile layout including a chef's kitchen, a library with a wet bar, and a bonus den, providing the scale of a single-family home.
Located in the prestigious Park Plaza, the property provides an elite lifestyle with 24-hour concierge and security, a fitness center, pool, and spa in a prime Ocean Avenue location.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3175, other record living area = 1865.
The monthly association fee of $4,766 is significantly high, which may be a deterrent for buyers concerned with ongoing overhead and total cost of ownership.
Built in 1976, the property and building infrastructure may lack the ultra-modern aesthetic and advanced smart-home integrations found in newer luxury developments in the area.
A rare penthouse offering on Ocean Avenue in the prestigious Park Plaza, this southwest-facing residence showcases breathtaking ocean, mountain, and city views. Natural light fills this expansive two-bedroom, four-bath residence, which also features a versatile bonus space currently configured as a den and bar.Designed for both comfort and entertaining, the open floor plan features floor-to-ceiling walls of glass and sliding doors, custom built-ins, and a private laundry room. The chef's kitchen flows seamlessly into the dining area, living room, and library with wet bar.Multiple doors open to a wraparound balcony that captures the essence of California coastal living, perfect for enjoying ocean breezes, sweeping views, and spectacular sunsets.Residents enjoy an exceptional collection of amenities, including 24-hour concierge and security, pool, spa, fitness center, and conference facilities. Ideally located near Ocean Avenue dining, Montana Avenue boutiques and restaurants, and Santa Monica's finest coastal attractions.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,175 | 1,332.636 |
| Lot Size | 67,427 | 8,171.182 |
| Price | $6.00M | $1.30M |
| Price per sq ft | $1.9K | $979 |
| Built year | 1976 | 1976 |
| HOA | $4766.0 | $553 |
| Days on market | 21 | 57 |
Aug 19, 2026
$5,995,000
Initial Listing