
Santa Monica, California 90402
This newly completed North of Montana Luxury Estate is a Strong Value Opportunity, listed at $14,895,000—positioned well below the $16,497,827 Fair Market Value by 9%. This valuation gap provides $1,602,827 in Instant Equity. Boasting a Condition Rating of 2, the residence features a Taj Mahal quartzite kitchen, a private elevator, and a 1,050-square-foot ADU. With panoramic ocean views and proximity to the 9/10 rated Franklin Elementary, it offers elite lifestyle security. This is a premier acquisition for Luxury Owner-Occupants or High-Net-Worth Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 615 23rd Street Subject | $12,995,000* List Price | 7 | 9 | 7,452 | $1,999 | - |
A 328 21st Place Active | $15,995,000 List Price | 8 | 9 | 7,497 | $2,134 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a newly completed (2025) luxury residence following an extensive renovation. It features high-end modern architecture, a double-island chef's kitchen with Taj Mahal quartzite and top-tier appliances, wide-plank flooring, and premium finishes throughout. With amenities like a private elevator, movie theater, gym, and a new 1,050-square-foot ADU, the home meets the highest standards of quality with no deferred maintenance.
Elementary School: Franklin Elementary School (9/10).
Situated in the highly coveted 'North of Montana' neighborhood, the property is just 0.17 miles from the top-rated Franklin Elementary School, offering elite educational access and long-term investment stability.
The residence features a comprehensive luxury suite including a private elevator, a 1,050-square-foot two-story ADU, a movie theater, a gym, and a rooftop deck with panoramic ocean and coastline views.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7452, other record living area = 2721. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
The property was recently sold within the past year on 2025-04-29. The sold price is $14,000,000.00.
With 7,452 square feet of living space on an 8,700-square-foot lot, the building footprint is quite large relative to the land, which may limit the expansive yard space some buyers expect at this price point.
Newly completed following an extensive six-month renovation and offered for the first time, this North of Montana residence pairs disciplined modern architecture with a fully realized amenity program and exceptional indooroutdoor flow. The home spans three thoughtfully planned levels with private elevator access, delivering scale, privacy, and seamless functionality for both daily living and large-format entertaining. The main residence includes five bedrooms and seven bathrooms with expansive open-concept living and dining areas framed by oversized glazing and folding glass walls. Light moves through the home from multiple exposures, enhanced by clean ceiling lines, skylights, and wide-plank flooring that carries a consistent, warm modern palette throughout. At the center, a double-island chef's kitchen is finished in Taj Mahal quartzite with top-tier appliances and integrated storage, opening directly to the primary living spaces and exterior terraces for effortless hosting. Interiors are defined by refined material continuity and architectural restraint, including four limestone fireplaces, a newly executed primary bath, a custom-designed closet, and a redesigned powder room. Large picture windows capture garden views and mature greenery with beautiful olive trees, creating a calm, gallery-like backdrop across living areas and bedrooms. A comprehensive lower level includes a private movie theater, fully equipped gym, wine cellar and meditation room forming a true at-home retreat across multiple levels. The exterior is designed as a direct extension of the interior program: folding glass doors open to landscaped grounds with a pool and spa, an eight-jet water feature, integrated LED lighting, an outdoor fireplace, multiple lounge zones, and grassy play areas. Newly installed landscaping and mature olive trees provide structure and privacy, while the overall plan supports both relaxed daily use and entertaining at scale. Additional highlights include an expansive rooftop deck with ocean views and a 1,050-square-foot two-story ADU complete with two bedrooms, one and a half bathrooms, with living room, kitchen, and in-unit washer/dryer ideal for extended stays, guests, staff, or flexible work-from-home living. A newly completed, design-forward offering in one Santa Monica's most established and sought-after neighborhood.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 95% |
| Baths | 9.0 | 4.0 | 98% |
| Square foot | 7,452 | 2,972.5 | 98% |
| Lot Size | 8,700 | 8,690.5 | 55% |
| Price | $12.99M | $5.10M | 91% |
| Price per sq ft | $1.7K | $2.0K | 41% |
| Built year | 2025 | 1948 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 187 | 5% |
Apr 16, 2026
$12,995,000
$14,895,000
-13% Price Drop
Initial Listing
Mar 5, 2026
$14,895,000
Initial Listing
Apr 29, 2025
$14,000,000
Public Record
Mar 22, 2021
$3,430,000
Public Record