
515 Ocean Avenue, 307S, Santa Monica, CA 90402
515 Ocean Avenue, 307S, Santa Monica, CA 90402
Property 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
Features & Amenities
Property Details
Mortgage Calculator
Current Rates
Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Santa Monica · Condominium
Listed 123.8% above the median closed sale of $1,050,000. Price per sqft ($1,237) is a 23% premium to closed comps ($1,006). Closed comps sold at 100% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1755 Ocean Avenue | Santa Monica | 2014 | 3 | 4 | 2,000 | 37,919 | $1,498 | $3.00M | 186 | 65 |
| 1705 Ocean Ave | Santa Monica | 2014 | 2 | 2 | 1,439 | 40,870 | $903 | $1.30M | 313 | 65 |
| 922 14th Street | Santa Monica | 1974 | 2 | 3 | 1,294 | 0 | $966 | $1.25M | 216 | 63 |
| 1705 Ocean Avenue | Santa Monica | 2014 | 1 | 2 | 1,160 | 0 | $927 | $1.07M | 144 | 61 |
| 1755 Ocean Ave | Santa Monica | 2014 | 2 | 2 | 1,470 | 0 | $1,463 | $2.15M | 136 | 60 |
| Total: 5 · Average | 2.0 | 2.6 | 1,472.6 | 39,394.5 | $1,151.4 | $1.75M | 199 | |||
| Median | 1,439 | $1.30M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 101 Ocean Avenue | Santa Monica | 1963 | 09/29/2026 | 2 | 2 | 1,253 | 85,245 | $2.00M | $2.00M | $1,596 | 1.00 | 122 | 76 |
| 1127 10th St | Santa Monica | 1971 | 09/15/2026 | 2 | 2 | 1,124 | 0 | $999,999 | $1.05M | $934 | 1.05 | 72 | 75 |
| 2677 Centinela Avenue | Santa Monica | 1980 | 09/28/2026 | 2 | 3 | 1,777 | 34,122 | $950,000 | $955,000 | $537 | 1.00 | 34 | 65 |
| 1317 12th Street | Santa Monica | 1973 | 10/05/2026 | 3 | 2 | 1,158 | 7,510 | $949,000 | $940,000 | $812 | 0.99 | 37 | 58 |
| 201 Ocean Avenue | Santa Monica | 1971 | 10/02/2026 | 2 | 2 | 1,216 | 57,750 | $1.45M | $1.40M | $1,151 | 0.97 | 34 | 56 |
| Total: 5 · Average | 2.2 | 2.2 | 1,305.6 | 46,156.75 | $1.27M | $1.27M | $1,006 | — | 59.8 | ||||
| Median | 1,216 | $1.05M | $1.05M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.