938 - 940 Palisades Beach Road
Santa Monica, CA, 90403
$33,000,000
MLS: 26846417
Beds
11
Baths
15
Sq Ft
9,899
Lot
0.25 ac
Year Built
2025
MLS #
26846417
Days on Market
0
Listed
Jun 12, 2026
Description
Rare oceanfront compound opportunity on Santa Monica's legendary Gold Coast: two brand-new, side-by-side modern beachfront masterpieces on two legal lots totaling 60 feet of prime oceanfront frontage, positioned directly on the sand of this prestigious shoreline, offered together for the ultimate multigenerational living, private family retreat, or sophisticated coastal investment. Each residence stands as a bold architectural statement with clean modern lines, effortless indoor-outdoor flow, and sweeping, unobstructed Pacific views through dramatic floor-to-ceiling glass. The first spans three levels with four en-suite bedrooms, including a spectacular primary suite featuring its own private balcony pool overlooking the ocean, a show-stopping chef's kitchen with sculptural island, generous living and dining areas, a temperature-controlled wine cellar, and a state-of-the-art home theater below, all connected by a private elevator. The second unfolds across three levels with seven bedrooms total including two luxurious primary suites and five en-suite bedrooms for exceptional flexibility and privacy, highlighted by an expansive main-level kitchen with massive island and banquet seating flowing into open living and dining areas warmed by a striking fireplace, all opening to oceanfront decks. Outdoors, both properties deliver private resort-style sanctuaries with sparkling pools, spas, cascading waterfalls, fire pits, and multiple lounging areas, just steps from a private gate to the beach. Finished to the highest standard with premium materials, smart-home automation, solar panels, dedicated elevators, showcase wine storage, and two separate two-car garages with mechanical turntables, these homes represent a singular and virtually impossible-to-replicate opportunity to secure one of California's most coveted coastal enclaves.
Location
Santa Monica, Los Angeles County, CA 90403
Open on Google Maps ↗Listed by: Sandro Dazzan · The Agency
Payment estimate
$235,165
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $3,300,000 · Loan: $29,700,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $188,115
- Property tax (1.25%)
- $34,375
- Homeowners insurance
- $300
- Mortgage insurance
- $12,375
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
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 $1,155,000 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 90403 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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