ParkingControlled Entrance, Covered, Community Structure, Side By Side
HeatingCentral
CoolingCentral Air
FireplaceLiving Room
ViewCity Lights, Mountain(s), Ocean, Water
MLS #24405240
StatusActive
About 1705 Ocean Ave Unit 501
Stunning crown jewel of the prestigious modern residences of The Waverly at Ocean Avenue, designed by world renowned Marmol Radziner. Luxurious west ocean facing 5th floor corner unit with panoramic 270 degrees of ocean views from every room, including breathtaking views from private showcase outdoor deck that wraps all the way around all three sides of one of the largest and finest residences in the building. Custom upgrades and move in ready, come enjoy the elegant design and fine finishes. Includes personal Tesla charging station in two side by side parking spaces. Building amenities include 24 hour concierge, gym, pet spa, Starbucks, and 5th floor Sky Bridge Lounge- an entertainment retreat with kitchen, fireplace, BBQ & stunning ocean views. Located in the heart of Santa Monica, moments from Santa Monica Pier, Main St, 3rd Street Promenade. Also available for lease at $18,000 per month.
This property is $3.4M more than the Median Sold Price and $1.1K/SqFt more than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24405240
Listing Office:
Office Name: The Agency
Office Phone: (424) 325-5000
Listing Agent: Antonia Mollica
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/3/2024, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$61,794
$5,351,758
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$28.3K
Per Month
Principal & Interest
$26.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$1,826
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$15.9K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Will Rogers Learning Community
2401 14th St
Distance between this listing and this school1.19 miles
Public District Grades KG-5
7
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school1.36 miles
Public District Grades KG-5
7
/10
McKinley Elementary School
2401 Santa Monica Blvd
Distance between this listing and this school1.71 miles
Public District Grades KG-5
Nearby Schools
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school0.71 miles
Public District Grades KG-8
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school1.29 miles
Public District Grades 6-8
8
/10
Lincoln Middle School
1501 CA Ave
Distance between this listing and this school1.31 miles
Public District Grades 6-8
Nearby Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school0.34 miles
Public District Grades 9-12
2
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school0.85 miles
Public District Grades 9-12
6
/10
Animo Venice Charter High School
820 Broadway St
Distance between this listing and this school1.91 miles
The neighbors living near this home have an average income of $31,154. Most Santa Monica, CA residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1705 Ocean Ave Unit 501
What is the listing price of this property?
The listing price of 1705 Ocean Ave Unit 501 property is $5,299,000.
What type of property is this?
The property 1705 Ocean Ave Unit 501 is a condo located in Santa Monica, California, 90401.
Is this property for sale now?
Active Listing: 1705 Ocean Ave Unit 501 is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $61,794 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1705 Ocean Ave Unit 501 has 3 bedrooms and 3 bathrooms.
What is the square footage of this property?
The property 1705 Ocean Ave Unit 501 is 2,399 SqFt (source: MLS/tax record).
Interested in 1705 Ocean Ave Unit 501? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1705 Ocean Ave Unit 501 in Santa Monica, CA and zip code 90401 in the Downtown Santa Monica neighborhood. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 22, 2024 and is currently priced at $5,299,000.
While more than 12 listings in Santa Monica, CA in November 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 24 were sold below. In November 2024 in Santa Monica, CA there were 4.4% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $1,898,147, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.