1705 Ocean Ave 508
Santa Monica, CA, 90401
$2,295,000
MLS: 26672967
Beds
2
Baths
2
Sq Ft
1,460
Lot
—
Year Built
2014
MLS #
26672967
Days on Market
13
Listed
Apr 3, 2026
Description
Perched on the fifth floor of the iconic Waverly, this sophisticated 2-bedroom, 2-bath residence captures the essence of modern coastal living. Designed by the renowned architectural firm Marmol Radziner, the building and residence reflect a thoughtful blend of architecture, light, and livability. Inside, floor to ceiling windows and high ceilings flood the home with natural light while framing sweeping views of the Pacific Ocean, the iconic Santa Monica Ferris wheel, and Tongva Park. The open living and dining areas flow seamlessly to a generous balcony, accessible from both the living room and the primary bedroom creating an exceptional indoor-outdoor lifestyle. The kitchen is equipped with top-of-the-line stainless steel appliances, offering both refined design and everyday functionality. The primary suite is a tranquil retreat, featuring direct balcony access and a Carrera marble ensuite bathroom designed for relaxation. Additional highlights include an in-unit washer and dryer, brand new windows and sliding doors recently installed communitywide, walnut built-ins and an EV charger installed by the current owner. The Waverly is one of Santa Monica's few full-service concierge buildings, offering unparalleled personal service and 24-hour front desk security. Residents enjoy access to an Equinox style fitness center and the spectacular fifth floor Skybridge Lounge,a premier amenity with indoor and outdoor seating, sweeping ocean views, a full kitchen, BBQ, and fireplace, ideal for hosting memorable gatherings. Perfectly positioned amid Santa Monica's most celebrated dining, cafes, and shopping--- and just one block from the beach---this residence delivers an unparalleled blend of convenience and coastal elegance.
Location
Santa Monica, Los Angeles County, CA 90401
Open on Google Maps ↗Listed by: Joy Lizabeth Kelly · Sotheby's International Realty
Payment estimate
$16,242
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $229,500 · Loan: $2,065,500
- Principal & Interest
- $12,691
- Property tax (1.25%)
- $2,391
- Homeowners insurance
- $300
- Mortgage insurance
- $861
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 Santa Monica home with as little as 3.5% down using an FHA loan — roughly $80,325 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 Santa Monica, CA 90401 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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