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515 Ocean Avenue, 307S, Santa Monica, CA 90402

$2.35M3bd · 3ba · 1,900 sqft
Lot 67,427 sqft•HOA $2631.02/mo•Condominium•
Active
•6d on market•MLS# 00-26995647

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

FeeBuilt 1976

Property Details

Land Type
Fee
Year Built
1976
Property Type
Residential
Property Subtype
Condominium
Heating
Central
Cooling
Central Air
View
Ocean, Peek-A-Boo, Pool
Flooring
Carpet, Wood
Roof
Stone
City
Santa Monica
Zip Code
90402
County
Los Angeles
Listed byUnknown Office, Christina Graziano

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$11,882.88
Principal & Interest
Loan Amount
$1,880,000
Total Interest
$2,397,836
Total Payment Over 30 Years
$4,277,836
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

Luxury Tier · 5 active · 5 closed

515 Ocean Avenue, 307S, Santa Monica, CA 90402

Santa Monica · Condominium

$2.35M
Luxury Tier
Beds
3
Baths
3
Sqft
1,900
Lot
1.55 ac
Year
1976
$/Sqft
$1237
Pool: Yes✓
Spa: Yes✓
View: water✓

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.

Premium
Subject listed at $2.35M· $1,237/sqft
Total list price
Closed comps
vs closed median $1.05M
+$1.30M (+123.8%)
Active comps
vs active median $1.30M
+$1.05M (+80.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,151
+$86 (+7.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1755 Ocean AvenueSanta Monica2014342,00037,919$1,498$3.00M18665
1705 Ocean AveSanta Monica2014221,43940,870$903$1.30M31365
922 14th StreetSanta Monica1974231,2940$966$1.25M21663
1705 Ocean AvenueSanta Monica2014121,1600$927$1.07M14461
1755 Ocean AveSanta Monica2014221,4700$1,463$2.15M13660
Total: 5 · Average2.02.61,472.639,394.5$1,151.4$1.75M199
Median1,439$1.30M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
101 Ocean AvenueSanta Monica196309/29/2026221,25385,245$2.00M$2.00M$1,5961.0012276
1127 10th StSanta Monica197109/15/2026221,1240$999,999$1.05M$9341.057275
2677 Centinela AvenueSanta Monica198009/28/2026231,77734,122$950,000$955,000$5371.003465
1317 12th StreetSanta Monica197310/05/2026321,1587,510$949,000$940,000$8120.993758
201 Ocean AvenueSanta Monica197110/02/2026221,21657,750$1.45M$1.40M$1,1510.973456
Total: 5 · Average2.22.21,305.646,156.75$1.27M$1.27M$1,006—59.8
Median1,216$1.05M$1.05M

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.