627 17th Street, Santa Monica, California 90402, Santa Monica, 90402 - 7 bed, 8 bath

627 17th Street
Santa Monica, California 90402
Property Price
SUMMARY
Analysis of 627 17th Street, Santa Monica, California 90402 reveals a Prime Investment Opportunity with a current list price of $14,999,000—significantly undercutting the $15,937,773 Fair Market Value by 5%. This valuation gap indicates a +$938,773 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 627 17th Street Subject | $14,999,000* List Price | 7 | 8 | 6,000 | $2,656 | - |
A 416 21st Place Active | $13,995,000 List Price | 6 | 8 | 6,370 | $2,197 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is a brand new construction, expected to be completed in 2026. The description highlights a modern design, state-of-the-art appliances in the double-island kitchen, and world-class amenities throughout. The provided images, which are renderings, showcase sleek, contemporary finishes, new flooring, and modern lighting. As a new build, all components will be new, meeting current quality standards with no deferred maintenance, perfectly aligning with the 'Excellent' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Unrivaled Location & Panoramic Views
Situated in the prestigious 90402 zip code, north of Montana Avenue, offering striking Pacific Ocean vistas, calming ocean breezes, and proximity to prime Santa Monica dining and shopping.
- Brand New, Modern Luxury Construction
A masterfully crafted, resort-inspired new build by esteemed Tar Legacy Corp, featuring chic, modern design and expected completion in 2026.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6000, other record living area = 8200.
- Recently Sold Property
The property was recently sold within the past year on 2025-06-30. The sold price is $5,200,000.00.
- Exceedingly High Price Point
The $14.999 million list price targets a very niche market, potentially limiting the pool of prospective buyers.
About 627 17th Street
This exciting new build is expected to be completed later this year, designed and constructed by esteemed Tar Legacy Corp! Presenting the prestigious and modern MIRAGE, a masterfully crafted residence offering a resort-inspired lifestyle, situated in one of the most renowned zip codes in Southern California, 90402, north of Montana Avenue. From this highly coveted 17th Street location, behold striking vistas of the Pacific and discover calming ocean breezes amidst prime shopping and fine dining. This serene sanctuary affords absolute luxury, offering a unique design with an open floor plan and world-class amenities. There are seven bedrooms, seven bathrooms, a powder room, elevator, double-island kitchen fitted with state-of-the-art appliances, two wet bars, four fireplaces, and folding doors that open to invite gentle ocean winds within. Experience a life rich in comfort and leisure with an expansive rooftop deck, standalone 1,000-square-foot two-story ADU, and meditation room. The rear grounds are an entertainer's dream, including a pool and spa with eight-jet water feature and LED lighting, outdoor fireplace, grassy play areas, and multiple spaces for lounging. The home's elegant form is constructed while keeping openness and clarity top of mind, allowing its light-filled interiors to seamlessly converge with the lush exteriors enveloped by soothing ocean breezes. Three levels comprise a rooftop, upper level, and lobby with a two-car garage and separate ADU. Welcome to this exquisite property offering the ultimate in resort living at the very forefront of chic, modern design. Renderings are of a similar build.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 8,951 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 8 (8 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Monica Unified Schools
Franklin Elementary School
Grades PK-5 • 0.5 mi
Roosevelt Elementary School
Grades K-5 • 0.7 mi
Brentwood Science School
Grades K-5 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 96% |
| Baths | 8.0 | 4.0 | 96% |
| Square foot | 6,000 | 3,163 | 93% |
| Lot Size | 8,951 | 8,693 | 60% |
| Price | $15.00M | $5.10M | 93% |
| Price per sq ft | $2.5K | $1.8K | 84% |
| Built year | 2026 | 1948 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 182 | 2% |
Pricing History
Listed for Sale
Jan 26, 2026
$14,999,000
Initial Listing
Sold
Jun 30, 2025
$5,200,000
Public Record



