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706 Navy Street, Santa Monica, California 90405, Santa Monica, 90405 - 3 bed, 3 bath

706 Navy Street, Santa Monica, California 90405 home-pic-0
ACTIVE$4,750,000$2,300/sqft
Est. Value: $4,650,957
-2%
FairlyEstimate
706 Navy Street, Santa Monica, California 90405
3Beds
3Baths
2,300Sqft
5,556Lot

Price Vs. Estimate

The estimated value ($4,650,957.04) is $99,042.96 (2%) lower than the list price ($4,750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Coastal Location: Situated in the highly coveted Ocean Park neighborhood of Santa Monica, offering exceptional walkability to the beach, acclaimed restaurants, cafes, boutiques, and a short bike ride to Abbot Kinney.
Top Cons:
MLS Listing Discrepancy: 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 = 2300, other record living area = 1780.

Compared to the nearby listings

Price:$4.75M vs avg $2.48M (+$2,268,000)89%
Size:2,300 sqft vs avg 1,569.5 sqft72%
Price/sqft:$2.1K vs avg $1.3K92%

More Insights

Built in 1908 (118 years old).
Condition: Despite its 1908 build year, the property has been meticulously and extensively remodeled, presenting a virtually new and turnkey living experience. The kitchen features high-end, modern appliances (Sub-Zero, Viking), contemporary cabinetry, and stylish countertops. All bathrooms are fully updated with modern fixtures, vanities, and tiling, including a luxurious master bath with a freestanding tub and walk-in shower. The entire interior showcases new flooring, updated lighting, and refined finishes, meeting current quality standards with no visible deferred maintenance.
Year Built
1908
Close
-
List price
$4.75M
Original List price
$4.75M
Price/Sqft
$2,065
HOA
-
Days on market
-
Sold On
-
MLS number
25628717
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

A truly rare offering in the heart of Ocean Park, this exceptional luxury compound spans two parcels and represents one of Santa Monica's most coveted residential opportunities. Offered together, 702 Navy Street ($1,350,000) and 706 Navy Street ($3,400,000) create a private, resort-like estate unlike anything else in the area. At its center is 706 Navy, a meticulously remodeled 2,300 SF Craftsman residence of extraordinary character and warmth - an iconic home widely regarded as one of the most enchanting properties in all of Santa Monica. Thoughtfully curated with refined finishes and timeless architectural details for a truly turnkey experience. Complementing the main residence, 702 Navy features lushly landscaped grounds and a converted 400 SF two-car garage with a separate expansive storage area, offering exceptional flexibility and future potential. The parcel presents an ideal opportunity to add an ADU or construct additional living space above the garage perfect for a guest residence, private office, wellness studio, gym, or creative retreat. Set moments from the best of coastal living, the property is surrounded by acclaimed restaurants, cafes, and boutiques of Rose Avenue, Main Street, and Lincoln Boulevard, blocks from the beach, and a short bike ride to Abbot Kinney. A once-in-a-generation opportunity, this singular compound offers privacy, prestige, and endless possibility - an irreplaceable estate and one of the most extraordinary properties in Santa Monica's highly coveted Ocean Park beach neighborhood.

S
Stace Valnes
Listing Agent

Price History

Date
Event
Price
06/22/18
Sold
$3,400,000
07/10/15
Sold
$3,400,000
Condition Rating
Excellent
Despite its 1908 build year, the property has been meticulously and extensively remodeled, presenting a virtually new and turnkey living experience. The kitchen features high-end, modern appliances (Sub-Zero, Viking), contemporary cabinetry, and stylish countertops. All bathrooms are fully updated with modern fixtures, vanities, and tiling, including a luxurious master bath with a freestanding tub and walk-in shower. The entire interior showcases new flooring, updated lighting, and refined finishes, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Prime Coastal Location: Situated in the highly coveted Ocean Park neighborhood of Santa Monica, offering exceptional walkability to the beach, acclaimed restaurants, cafes, boutiques, and a short bike ride to Abbot Kinney.
Rare Two-Parcel Luxury Compound: An exceptional offering spanning two parcels, creating a private, resort-like estate with significant privacy and exclusivity in a dense urban environment.
Meticulously Remodeled Historic Craftsman: The main residence is a 1908 Craftsman, meticulously remodeled with refined finishes and timeless architectural details, offering a turnkey luxury living experience with extraordinary character.
Significant Development & Flexibility Potential: The second parcel (702 Navy) provides exceptional future potential for adding an ADU, guest residence, private office, or wellness studio, enhancing the property's utility and value.
Irreplaceable Prestige & Character: Widely regarded as an iconic and enchanting property, this singular compound offers a unique blend of prestige, warmth, and architectural significance, making it a once-in-a-generation opportunity.

Cons

MLS Listing Discrepancy: 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 = 2300, other record living area = 1780.
Premium Price Point: The combined list price of $4.75 million represents a substantial investment, targeting a very specific luxury buyer demographic.
Age of Original Construction: Despite extensive remodeling, the 1908 original build year may imply ongoing maintenance considerations inherent to historic properties, even with modern upgrades.
Lack of Stated Views: For a luxury property in a coastal Santa Monica location, the absence of panoramic ocean or city views could be a missed amenity for some high-end buyers.
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