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2950 Neilson Way, 408, Santa Monica, CA 90405

$1.38M2bd · 2ba · 1,305 sqft
Lot 134,148 sqft•HOA $1685/mo•Condominium•
Active
•6d on market•MLS# 00-26998801

Property Description

Elevated coastal living just steps from the sand at Sea Colony II. This sophisticated 2-bedroom, 2-bath residence offers an exceptional Santa Monica lifestyle, complete with ocean views and a private balcony ideal for taking in the coastal breeze and spectacular sunsets. Set within a full-service building, the residence pairs effortless beachside living with an impressive collection of amenities, including 24-hour security, guest parking, a fitness center, and spa. The coveted location places you moments from the beach and within easy walking distance of Main Street's acclaimed restaurants, cafs, boutiques, and vibrant neighborhood scene. Whether enjoying a morning walk along the shoreline, an afternoon by the ocean, or dinner just blocks from home, this residence offers the rare opportunity to experience Santa Monica at its best. An exceptional blend of coastal sophistication, convenience, and quintessential Southern California living - all in one of the Westside's most desirable beachside settings.

Features & Amenities

FeeBuilt 1980

Property Details

Land Type
Fee
Year Built
1980
Property Type
Residential
Property Subtype
Condominium
Heating
Central
Cooling
Central Air
View
Ocean
City
Santa Monica
Zip Code
90405
County
Los Angeles
Listed byUnknown Office, Navin Megji

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,952.75
Principal & Interest
Loan Amount
$1,100,000
Total Interest
$1,402,989
Total Payment Over 30 Years
$2,502,989
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

2950 Neilson Way, 408, Santa Monica, CA 90405

Santa Monica · Condominium

$1.38M
Affordable Tier
Beds
2
Baths
2
Sqft
1,305
Lot
3.08 ac
Year
1980
$/Sqft
$1054
Pool: Yes✓
Spa: Yes✓
View: water✓

Listed in line with the median closed sale of $1,395,000. Closed comps sold at 103% of list — strong seller's market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $1.38M· $1,054/sqft
Total list price
Closed comps
vs closed median $1.40M
−$20K (−1.4%)
Active comps
vs active median $1.10M
+$277K (+25.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $938
+$116 (+12.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
951 16th StreetSanta Monica1974221,2217,513$899$1.10M1084
415 Montana AvenueSanta Monica1973221,08715,014$1,140$1.24M3284
1314 17th StreetSanta Monica1973231,20937,484$889$1.07M5983
1252 11th StreetSanta Monica1973221,10115,000$762$839,0002181
1314 17th StreetSanta Monica1973231,22737,484$998$1.23M7280
Total: 5 · Average2.02.41,16922,499$937.6$1.10M38.8
Median1,209$1.10M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2960 Neilson WaySanta Monica198009/24/2026221,305134,148$999,000$999,000$7661.004094
2930 Neilson WaySanta Monica198010/02/2026221,426134,148$1.50M$1.68M$1,1751.125291
1127 10th StSanta Monica197109/15/2026221,1240$999,999$1.05M$9341.057289
101 Ocean AvenueSanta Monica196309/29/2026221,25385,245$2.00M$2.00M$1,5961.0012288
2222 5th StreetSanta Monica199009/11/2026221,41211,231$1.40M$1.40M$9881.004485
Total: 5 · Average2.02.01,30491,193$1.42M$1.42M$1,091.8—66
Median1,305$1.40M$1.40M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.