1705 Ocean Avenue 501
Santa Monica, CA, 90401
$4,999,999
MLS: 26637507
Beds
3
Baths
3
Sq Ft
2,399
Lot
—
Year Built
—
MLS #
26637507
Days on Market
34
Listed
Jan 14, 2026
Description
Stunning crown jewel of the prestigious modern residences of The Waverly at Ocean Avenue, designed by world renowned Marmol Radziner. Luxurious west ocean facing 5th floor corner unit with panoramic 270 degrees of ocean views from every room, including breathtaking views from private showcase outdoor deck that wraps all the way around all three sides of one of the largest and finest residences in the building. Custom upgrades and move in ready, come enjoy the elegant design and fine finishes. Includes personal Tesla charging station in two side by side parking spaces. Unit has brand new windows and doors. Building amenities include 24 hour concierge, gym, pet spa, Starbucks, and 5th floor Sky Bridge Lounge- an entertainment retreat with kitchen, fireplace, BBQ & stunning ocean views. Located in the heart of Santa Monica, moments from Santa Monica Pier, Main St, 3rd Street Promenade. Also available for lease at $23,000 per month.
Location
Santa Monica, Los Angeles County, CA 90401
Open on Google Maps ↗Listed by: Antonia Mollica · The Agency
Payment estimate
$35,032
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $500,000 · Loan: $4,499,999
- Principal & Interest
- $27,649
- Property tax (1.25%)
- $5,208
- Homeowners insurance
- $300
- Mortgage insurance
- $1,875
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 $175,000 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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