Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

15 The Colonnade

Long Beach, CA, 90803

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$10,250,000

MLS: PW25228431

Beds

5

Baths

6

Sq Ft

6,182

Lot

0.28 ac

Year Built

1948

MLS #

PW25228431

Days on Market

181

Listed

Oct 2, 2025

Description

Among California’s most distinctive waterfront residences, this iconic Mid-Century Modern estate on Naples Island stands as both an architectural treasure and a piece of Long Beach history. Designed by acclaimed architect George M. Montierth, the home was originally commissioned as an executive retreat, created to entertain corporate guests drawn to Long Beach during the city’s thriving mid-century era. Its grand scale, dramatic design, and commanding waterfront presence reflect that legacy of hospitality and prestige. Perfectly sited at the convergence of Naples Canal, Rivo Alto Canal, and The Colonnade Canal, the residence captures sweeping views of Alamitos Bay and The Peninsula from one of the island’s most sought-after locations. A private marina spans 135 feet of open-water frontage and includes a 35-foot U-shaped slip with a 13-foot beam—an extraordinary amenity for yachtsmen and water enthusiasts alike. The 6,182-square-foot home is centered around a serene courtyard with a swimming pool, offering seamless indoor-outdoor living. A soaring 20-foot entry sets the stage for dramatic entertaining, leading to a paneled formal living room with marble fireplace and walls of glass overlooking the water. A full walk-in wet bar, elegant dining room, and expansive gathering spaces recall the home’s original purpose as a setting for distinguished entertaining. Two generous primary suites provide luxurious retreats—one with its own marble fireplace—both with walk-in closets, vanity rooms, and spa-inspired baths. Additional highlights include a private guest house with full bath, a workshop, and a motor court accommodating up to 6 cars. Positioned across five legal lots, including three waterfront parcels, the estate offers 112 feet of water frontage and exceptional versatility. Whether preserved as a Mid-Century showpiece, reimagined as a contemporary masterpiece, or developed anew, it represents one of the rarest opportunities on Naples Islands. Recent updates include a new roof, fresh paint, resurfaced upper deck, and a newly completed seawall, ensuring both beauty and structural integrity for years to come. A true legacy estate, this home embodies the elegance of its mid-century origins while offering unmatched potential on one of Southern California’s most prestigious waterfronts.

Location

Long Beach, Los Angeles County, CA 90803

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Listed by: Ben Fisher · California Real Estate Company

Payment estimate

$71,501

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $1,025,000 · Loan: $9,225,000

%
Principal & Interest
$56,680
Property tax (1.25%)
$10,677
Homeowners insurance
$300
Mortgage insurance
$3,844
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $358,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Long Beach, CA 90803 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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