Los Angeles Living

The Santa Monica real estate market remains steady. All categories are a healthy sellers' market except in the the over $2M single family niche. 6 months inventory represents a balanced market.

The median price remains steady.

Data provided by MLS CLAW deemed reliable, but not guaranteed.

There is a new listing at 101 Ocean Ave., a Santa Monica Ocean Front Home. 

This is a 2 bed 2.5 bath, 2,902 sq. ft. condo listed for $3,200,000.  The unit is serviced by a private elevator. The HOA dues are $2,295 per month.

Amenities include, concierge, valet, pool, spa, sun deck and exercise room.

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There is a new Santa Monica ocean front listing at The Oceanaire, 535 Ocean Ave.

This is a 2 bed 2 bath, 1,541 sq. ft. condo for $2,995,000 on the 7th floor.  HOA dues are $1,318.

This would seem to be grossly overpriced so we will watch the progression of this listing closely.

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There is a new Santa Monica Ocean Front property listing at 101 Ocean Ave..

The unit is on the 7th floor and is a 2 bed 1.75 bath, 1,385 sq. ft. unit listed at $1,695,000.  There is also a bonus room that could function as an office.  The HOA dues are $1,188 per month.

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The Santa Monica Place mall is now open and they have done a great job of taking advantage of its location near Santa Monica beach.

The mall has been completely opened up and has attracted some upscale boutiques and the only Bloomingdales loft-style store outside Manhattan.  This Bloomies is truly exciting and itself has an open feeling.

For the foodies there are plenty of great restaurants on the rooftop deck.  Two standouts are Sandia, upscale Mexican cuisine and Ozumo, contemporary Japanese.  Both restaurants are enormous and if today is any indication they, and the other dining places are going to do stellar business.

They also took advantage of the existing popular Third Street Promenade with one entrance to the Mall being a continuation of that street.

The ocean view from the rooftop deck is somewhat limited but the feeling is still there.

Today was way too crowded, but I am definitely going to go back and check out all the stores.

There are two new listings in Santa Monica ocean front properties this week:

Oceanaire, 535 Ocean Ave. has a new unit for sale.  2 bed 2 bath, 1,585 sq. ft. on the 9th floor for $1,975,000.  HOA dues are $1,333.

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Park Plaza, 515 Ocean Ave. has a 1 bed 2 bath, 1,490 sq. ft. unit on the 5th floor for $1,250,000.  HOA dues are $920.

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101 Ocean Avenue in Santa Monica is a luxury ocean front condominium unit.  Turnover in this luxury building is very low, not surprisingly, with its spectacular views. 

Amenities include, concierge, valet, pool, sun deck, spa, fitness room and more.

Only one property has sold in the past year, a 2 bed 2 bath, 1,396 sq. ft. unit for $1,014,000 after 28 days on the market. The sales price was 92% of the list.

There are presently two units on the market, one 2 bed 2.5 bath, 2,902 sq. ft. unit for $2,350,000, 91 days on the market, and one 2 bed 2 bath, 1,396 sq. ft. unit for $1,860,000, 44 days on the market.  

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1033 Ocean Ave. in Santa Monica is one of the best ocean front locations in Santa Monica.  Minutes from 3rd St. Promenade and the new Santa Monica Place mall with trendy restaurants and upscale dining.

There are presently 2 units for sale, both 2 bed 2 bath, 1,396 sq. ft., one  the 4th floor penthouse for $1, 699,000 and one on the 1st floor for $1,350,000.  Both have spectacular ocean views.

There is one unit for lease.  The same size for $5,950.

There have been no sales in the building over the past year.

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Pacific Plaza at 515 Ocean Ave. in Santa Monica is a full service building with some spectacular ocean views. 

Amenities include, 24/7 concierge and valet, pool, sun deck, spa and fitness center.

3 units have sold over the past year for an average price of $1,221,667.  Average days on the market were 143.

There is one 2 bed 2 bath, 1,490 sq. ft. unit on the market now for $1,395,000. Days on the market are 140.

There is a same-sized unit for lease at $5,900.

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701 Ocean Ave is a luxury ocean front property in Santa Monica.  Many of the 32 units have been upgraded and have ocean views.  Amenities include, 24 hour concierge, rooftop pool, spa, exercise room and banquet facilities.

One 2 bed 2.5 bath 2,049 sq. ft. unit sold in the past year for $1,650.00.  Days on the market were 29.

There is presently one 3 bed 2.5 bath, 3,134 sq. ft. unit for sale at $3,340,000.  Days on the market are 120.

There are no units for lease.

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