706 Navy Street, Santa Monica, California 90405, Santa Monica, 90405 - 3 bed, 3 bath
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Santa Monica, California 90405
This Rare Luxury Beach Compound is listed at $4,475,000, representing a premier offering in the Santa Monica-Malibu Unified district. Boasting an Excellent Condition Rating following a meticulous $1 million renovation in 2023, the property features a state-of-the-art kitchen, bespoke finishes, and a lushly landscaped double lot. While the $3,838,240 Fair Market Value reflects standard area parcels, this unique two-lot estate offers unparalleled privacy and expansion potential just seven blocks from the beach. It is a premier coastal sanctuary for Luxury Home Seekers or Owner-Occupants desiring a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 706 Navy Street Subject | $4,395,000* List Price | 3 | 3 | 2,317 | $1,646 | - |
A 2016 Ashland Avenue Sold | $3,450,000 | 4 | 3 | 2,420 | $1,426 | 0.9 mi |
B 2933 Glenn Avenue Sold | $3,200,000 | 3 | 4 | 1,512 | $2,116 | 0.3 mi |
C 132 Wadsworth Avenue Active Under Contract | $4,850,000 List Price | 3 | 4 | 2,555 | $1,898 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive $1 million renovation in 2023, featuring a state-of-the-art kitchen with high-end Wolf appliances, bespoke cabinetry, and modern spa-inspired bathrooms. The interior boasts new wide-plank hardwood flooring, updated recessed lighting, and high-quality architectural details, while the exterior shows meticulous landscaping and new systems, meeting the criteria for a recently fully renovated home.
The offering includes two side-by-side legal parcels totaling 5,556 square feet, providing more than double the typical lot size for the Ocean Park area and exceptional privacy.
A meticulous $1 million remodel in 2023 updated this 1908 Craftsman with bespoke finishes, a state-of-the-art kitchen, and seamless indoor-outdoor flow for a luxury beach lifestyle.
Situated in a highly coveted neighborhood, the property is just seven blocks from the beach and walking distance to the vibrant dining and shopping on Rose Avenue and Main Street.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5556, other record lot size in square feet = 2795. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2317, other record living area = 1780.
At a list price of $4.475 million for a 2,317-square-foot main residence, the property commands a significant premium that may be difficult to justify for buyers not prioritizing the extra land.
While the second lot offers immense potential, the current garage structure requires further investment and permitting to be converted into a functional ADU or living space.
A truly rare and extraordinary offering - 702 & 706 Navy Street, being offered together, present a once-in-a-generation opportunity to acquire two beautiful side by side luxury properties creating a premier two - lot luxury beach compound in the heart of Santa Monica's coveted Ocean Park beach neighborhood. Spanning two separate legal parcels totaling 5,556 square feet (average lot size in the area is 2,500 sq ft), these two exceptional properties combine an architecturally significant Modern Craftsman, refined coastal living, and a spectacular yard with the best climbing tree and state-of-the-art exterior lighting throughout, creating a rich ambiance for a perfect evening. Great location, just 7 blocks to the beach and a few blocks to Rose Avenue in Venice and Main Street in Santa Monica for great dining, cafes, shopping, yoga, Pilates and fun | At 706 Navy Street, a meticulously reimagined Craftsman residence, thoughtfully remodeled and expanded in 2023 with an investment of approx $1 million. The 2,317-square-foot home (true cost psf is $1,413 for 706 Navy parcel) offers three bedrooms upstairs and two-and-a-half baths plus a home office/4th bedroom on the main floor, curated with bespoke finishes and rich architectural details. The state-of-the-art kitchen and spa-inspired bathrooms are designed with both beauty and functionality, while seamless indoor-outdoor living flows through the living room, dining area, and kitchen into curated exterior spaces featuring a spacious patio for al fresco dining, built-in barbecue, outdoor shower and the breathtaking lushly landscaped yard, perfectly suited for beach living | Complementing the 706 residence, 702 Navy Street unfolds as an expansive grassy retreat, an oasis of tranquility and possibility. The converted 400-square-foot two-car garage, along with a generous storage room, provides flexibility for creative use, while the sizable lot invites endless opportunities for outdoor entertaining, recreation and a pool. Down the road the garage can transform into a 2 story ADU, pool house, offices, art studios (schematics are available). Because it's a separate parcel you have endless possibilities. Together, these two magical properties form a one-of-a-kind opportunity to own a luxury beach property in one of Santa Monica's most popular and valued locations, blending healthy lifestyles, less use of a car, a great community, and fantastic walkability.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 2,317 | 2,082 | 63% |
| Lot Size | 5,556 | 6,401 | 34% |
| Price | $4.39M | $2.77M | 83% |
| Price per sq ft | $1.9K | $1.4K | 74% |
| Built year | 1908 | 1944 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 140 | 3% |
Apr 21, 2026
$4,395,000
$4,475,000
-2% Price Drop
Initial Listing
Apr 9, 2026
$4,475,000
Initial Listing
Jun 22, 2018
$3,400,000
Public Record
Jul 10, 2015
$3,400,000
Public Record