515 Ocean Avenue 307S
Santa Monica, CA, 90402
$2,350,000
MLS: 26995647
Beds
3
Baths
3
Sq Ft
1,900
Lot
1.55 ac
Year Built
1976
MLS #
26995647
Days on Market
16
Listed
Oct 1, 2026
Description
Set in one of Santa Monica's most coveted locations, just north of Montana Avenue and directly across from Palisades Park, 515 Ocean Avenue offers an exceptional coastal lifestyle in the prestigious Park Plaza. With the Pacific Ocean and the expansive beauty of Palisades Park just outside your door, this is a rare opportunity to own a spacious, single-level residence in one of the city's most sought-after oceanfront addresses. Residence 307S is an elegant and beautifully maintained three-bedroom, two-and-a-half-bath home, with the flexibility to live as a generous two-bedroom plus den. The 1,900-square-foot floor plan provides a spacious sense of scale, complemented by beautiful maple hardwood floors, an updated kitchen, and an oversized private patio directly off the living room, an ideal setting for entertaining, or simply enjoying the remarkable coastal surroundings. The residence is located within Park Plaza, a highly regarded full-service building known for its attentive staff, controlled access, and extensive amenities. Residents enjoy 24-hour security, doorman, and concierge services, valet parking, a fitness center, pool and spa, conference room, side-by-side parking and generous guest parking. Beyond the exceptional services of the building, the location is what truly distinguishes this property. Step outside to Palisades Park, stroll along Ocean Avenue, walk to Montana Avenue, or continue toward the beach, restaurants and the best of what Santa Monica has to offer. The building also boasts beautiful ocean views from its common areas, adding to the unmistakable sense of living above the Pacific. Spacious, private and exceptionally well located, 307S combines the comfort of a substantial single-level home with the service and security of a premier Santa Monica residential building. A rare offering in one of the city's most desirable coastal settings. This one won't last, come see for yourself! Disclosure: Agent has dual capacity as both the real estate agent and the trust owner/trustee. No court approval needed. 24 hour notice. Call or Txt LA1. All offers due Monday 10/19 by 5:00pm
Location
Santa Monica, Los Angeles County, CA 90402
Open on Google Maps ↗Listed by: Christina Graziano · Keller Williams Beverly Hills
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$20,904
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $235,000 · Loan: $2,115,000
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $14,644
- Property tax (1.25%)
- $2,448
- Homeowners insurance
- $300
- Mortgage insurance
- $881
- HOA dues
- $2,631
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 Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $82,250 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
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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