938 -940 Palisades Beach Road, Santa Monica, California 90403, Santa Monica, 90403 - 11 bed, 15 bath

938 -940 Palisades Beach Road, Santa Monica, California 90403 home-pic-0

938 -940 Palisades Beach Road

Santa Monica, California 90403

ACTIVE
CONDITION: EXCELLENT
11Beds
15Baths
9,899Sq Ft
11,045Lot Size

Property Price

LIST PRICE$34,950,000
EST. MARKET VALUE
$37,074,444
5% BelowMARKET VALUE

SUMMARY

Analysis of 938 -940 Palisades Beach Road, Santa Monica, California 90403 reveals a Prime Investment Opportunity with a current list price of $34,950,000—significantly undercutting the $37,074,444 Fair Market Value by 5%. This valuation gap indicates a +$2,124,444 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

$37,074,444 +$2,124,444 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
938 -940 Palisades Beach Road
Subject
$34,950,000*
List Price
11159,899$3,745-
A
938 940 Palisades Beach Road
Active
$34,950,000
List Price
11159,899$3,5310.0 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 is a brand-new 2025 construction consisting of two ultra-luxury beachfront residences. The property features state-of-the-art gourmet chef's kitchens with sculptural islands, high-end modern finishes, advanced smart-home technology, solar panels, and premium amenities including elevators and mechanical car turntables, representing the highest standard of contemporary quality.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Gold Coast Location

    Situated on Santa Monica's prestigious 'Gold Coast,' these adjacent brand-new residences offer rare direct beach access and a level of exclusivity that is nearly impossible to replicate in this market.

  • Versatile Compound Layout

    The offering includes two distinct modern homes with a total of 11 bedrooms, providing unparalleled flexibility for multi-generational living, a private guest retreat, or a high-end investment opportunity.

  • State-of-the-Art Amenities

    Equipped with cutting-edge smart technology, solar panels, mechanical car turntables, and private elevators, these 2025-built homes represent the pinnacle of modern luxury and functional design.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11045, other record lot size in square feet = 5519. Living area discrepancy between mls listing and other public or private record. mls listing living area = 9899, other record living area = 1416. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 11, other record bedroom count = 3.

  • High Maintenance Complexity

    With two separate structures, multiple pools, cascading waterfalls, and advanced mechanical systems, the property will demand significant ongoing maintenance and high carrying costs.

  • Privacy Concerns

    While the property is gated, its location on a highly popular stretch of Santa Monica beach may result in limited privacy due to significant public foot traffic on the sand directly in front of the residences.

About 938 -940 Palisades Beach Road

Rare Opportunity: Two Modern Beachfront Homes on the Gold Coast. A truly exceptional offering two brand-new, trophy modern beachfront residences, side by side, right on the sand of Santa Monica's prestigious "Gold Coast." Available together, this is the ultimate compound opportunity or a chance to own one of the most coveted stretches of coastline with flexibility for multi-generational living, investment, or private retreat. Each home is a modern masterpiece, showcasing bold architectural design and serene coastal elegance. Spanning three and four levels respectively, both properties have been meticulously crafted to define contemporary oceanfront living at its finest. Floor-to-ceiling glass walls frame sweeping Pacific views, seamlessly blending indoor and outdoor spaces. The first residence offers four en-suite bedrooms, including a stunning primary suite with its own private pool on the balcony overlooking the ocean. The main level is designed for entertaining, featuring a gourmet chef's kitchen with sculptural island, expansive living and dining areas, and a showcase wine cellar. The lower level houses a state-of-the-art theater, completing a perfect combination of luxury and functionality. An elevator provides seamless access to the three main floors. The second residence offers seven bedrooms, including six en-suite bedrooms and an additional bedroom and bath on the main level, providing flexibility for guests or staff. Two of the en-suite bedrooms are luxurious primary suites, an ideal arrangement for multi-generational living. The main level features a spectacular kitchen with a huge island and banquet seating, flowing into living and dining areas anchored by a beautiful fireplace, all opening to oceanfront decks. Generous en-suite bedrooms throughout ensure privacy and comfort for family and guests. Outdoors, each property offers a private resort-style retreat with pools, spas, cascading waterfalls, firepits, and multiple lounge areas, all with a private gate providing direct access to the sand and beach. With exquisite architectural details, high-end finishes, advanced smart-home technology, solar panels on the roofs, an elevator serving the main floors, showcase wine storage, and two separate two-car garages with mechanical car turntables, these residences set a new benchmark for luxury beachfront living. Opportunities to acquire two adjacent modern homes on this stretch of sand are virtually nonexistent and impossible to replicate.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2025
Lot Size
11,045 Sq. Ft.

Interior

Total Bedrooms
11
Total Bathrooms
15 (15 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds11.04.0
93%
Baths15.04.0
93%
Square foot9,8991,955
93%
Lot Size11,0457,854
80%
Price$34.95M$3.33M
93%
Price per sq ft$3.5K$1.7K
93%
Built year20251939
87%
HOA$0$0
50%
Days on market5175
7%

Pricing History

Listed for Sale

Mar 1, 2026

$34,950,000

Initial Listing

Sold

Jul 20, 2012

$3,720,037

Public Record

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