2940 Neilson Way 302
Santa Monica, CA, 90405
$1,049,000
MLS: SR26025930
Beds
1
Baths
2
Sq Ft
1,081
Lot
3.08 ac
Year Built
1980
MLS #
SR26025930
Days on Market
73
Listed
Feb 5, 2026
Description
Welcome to the epitome of Westside living in the coveted Sea Colony II condominium complex. This newly remodeled, turnkey 1-bedroom, 2-bath residence offers 1,081 square feet of bright, modern living designed for effortless coastal comfort. Featuring quartz countertops, top of the line appliances, en suite bathroom, walk in closet, an expansive ocean-facing balcony invites morning coffee, sunset wine, and everything in between, with the soothing sound of the waves just moments from the sand. Sea Colony II features resort-style amenities and 24-hour guard-gated security, creating a private coastal retreat in the heart of Santa Monica. Ideally located, you’re just a short stroll to boutique shopping, wellness studios, top-tier dining, vibrant nightlife, Venice Beach, and the iconic Santa Monica Pier. An exceptional blend of luxury, lifestyle, and location.
Location
Santa Monica, Los Angeles County, CA 90405
Open on Google Maps ↗Listed by: Vincent Salemno · Equity Union
Payment estimate
$7,587
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $104,900 · Loan: $944,100
- Principal & Interest
- $5,801
- Property tax (1.25%)
- $1,093
- Homeowners insurance
- $300
- Mortgage insurance
- $393
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 $36,715 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.
Similar Homes Nearby
Active and pending listings in ZIP 90405 (Santa Monica) within ±10% of this home's price and size.
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.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.