2940 Neilson Way 103
Santa Monica, CA, 90405
$1,398,000
MLS: 26701935
Beds
2
Baths
2
Sq Ft
1,229
Lot
3.08 ac
Year Built
1980
MLS #
26701935
Days on Market
8
Listed
Apr 10, 2026
Description
Experience the best of Santa Monica beachside living in this beautifully updated 2-bedroom, 2-bath condo with private, oversized patio in the prestigious Sea Colony II. This full-service, guard-gated community offers resort-style amenities, including a pool, three spas, a fully-equipped gym, a ping pong room, and private storage in a prime coastal location. Inside, the light-filled living and dining areas extend effortlessly to the large patio via floor-to-ceiling sliding glass doors providing an indoor/outdoor living retreat with the feel of an extra 200 sq ft of living space - also accessible from the primary suite. The spacious primary suite boasts a large walk-in closet and a spa-inspired bathroom with a soaking tub, walk-in shower, and dual vanity. The chef's kitchen is designed for both style and function, featuring sleek stainless steel appliances and ample counter space. This unit also includes two designated side-by-side parking spaces with plenty of visitor and guest parking available to the community. Located in a more secluded section of the complex, this unit offers bother privacy and convenient access to the beach, ocean walk, tennis courts, basketball courts, dining, shopping and everything Main Street has to offer.
Location
Santa Monica, Los Angeles County, CA 90405
Open on Google Maps ↗Listed by: Shelton Wilder · Christie's International Real Estate SoCal
Payment estimate
$10,011
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $139,800 · Loan: $1,258,200
- Principal & Interest
- $7,731
- Property tax (1.25%)
- $1,456
- Homeowners insurance
- $300
- Mortgage insurance
- $524
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 $48,930 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.
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Local Market Stats
See Santa Monica, CA 90405 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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