515 Ocean Avenue 706S
Santa Monica, CA, 90402
$3,800,000
MLS: 26655565
Beds
2
Baths
2
Sq Ft
1,490
Lot
1.55 ac
Year Built
1976
MLS #
26655565
Days on Market
55
Listed
Feb 24, 2026
Description
Elevated Coastal Living | 515 Ocean Avenue, Residence 706S | Santa Monica Discover refined coastal luxury in this fully reimagined designer residence on iconic Ocean Avenue, ideally situated in Santa Monica's coveted North of Montana enclave directly across from Palisades Park. Enjoy sweeping ocean and mountain views along with effortless walkability to the city's premier dining, shopping, and beaches. Thoughtfully curated with exceptional craftsmanship and high-end finishes, the home features custom Italian cabinetry, French white oak flooring, electronic shades, and a comprehensive Control4 smart home system. The chef's kitchen is equipped with top-tier Miele appliances including an induction cooktop, steam and conventional ovens alongside a Galley sink and Dornbracht fixtures, seamlessly integrated into a clean, modern aesthetic.Fleetwood floor-to-ceiling doors bathe the interiors in natural light and open to a private balcony accessible from the living room, second bedroom/office, and primary suite creating a seamless indoor-outdoor flow.The primary suite offers dual custom Italian closets, direct balcony access, and a spa-inspired marble bath with an oversized shower, custom vanity, and Toto bidets in both bathrooms. The second bedroom, currently styled as an office, is positioned across from a beautifully appointed bath featuring a deep soaking tub.Additional amenities include two garage parking spaces with EV charging, in-unit laundry, secure storage, and access to full-service building offerings: 24-hour concierge, valet, fitness center, pool, spa, and security. Earthquake retrofitting and building upgrades are in progress, with all current assessments paid in full (buyer to verify). A rare opportunity to own an exceptional coastal residence in one of Santa Monica's most sought-after locations.
Location
Santa Monica, Los Angeles County, CA 90402
Open on Google Maps ↗Listed by: Cindy Leight · Sotheby's International Realty
Payment estimate
$26,696
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $380,000 · Loan: $3,420,000
- Principal & Interest
- $21,013
- Property tax (1.25%)
- $3,958
- Homeowners insurance
- $300
- Mortgage insurance
- $1,425
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 $133,000 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.
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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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