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

627 17th Street, Santa Monica, California 90402 home-pic-0

627 17th Street

Santa Monica, California 90402

ACTIVE
CONDITION: EXCELLENT
7Beds
8Baths
6,000Sq Ft
8,951Lot Size

Property Price

LIST PRICE$14,999,000
EST. MARKET VALUE
$15,937,773
5% BelowMARKET VALUE

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

$15,937,773 +$938,773 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
627 17th Street
Subject
$14,999,000*
List Price
786,000$2,656-
A
416 21st Place
Active
$13,995,000
List Price
686,370$2,1970.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

9/10

Roosevelt Elementary School

Grades K-5 • 0.7 mi

8/10

Brentwood Science School

Grades K-5 • 1.5 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds7.04.0
96%
Baths8.04.0
96%
Square foot6,0003,163
93%
Lot Size8,9518,693
60%
Price$15.00M$5.10M
93%
Price per sq ft$2.5K$1.8K
84%
Built year20261948
98%
HOA$0$0
50%
Days on market39182
2%

Pricing History

Listed for Sale

Jan 26, 2026

$14,999,000

Initial Listing

Sold

Jun 30, 2025

$5,200,000

Public Record

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