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603 Ocean Ave Unit 5S, Santa Monica, CA, 90402

$9,500,000

2 Bedrooms
2 Full Baths, 1 Partial
3,070 SqFt
$3,094/SqFt
Condo
Schools Nearby

Location

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Property Highlights

Home TypeCondominium
ParkingDoor-Multi, Garage, Garage Door Opener, Guest, Oversized, Private
Garage3 spaces
Year Built1996
HeatingCentral, Forced Air
CoolingCentral Air
FireplaceGas Starter, Living Room, Primary Bedroom, Wood Burning
ViewIsland, City Lights, Other, Mountain(s), Ocean, Pier
MLS #24358455
Lot Size0.62 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 603 Ocean Ave Unit 5S

Originally built in 1928 and meticulously reconstructed in 1996, the historic El Tovar By The Sea seamlessly blends three distinct architectural periods: Classical Revival, Streamline Moderne, and Modified Classical Mediterranean. Nestled on the upper central end of Ocean Avenue, this full-service luxury building remains one of the most coveted addresses, and its 22 residences are among the most exclusive. Sitting above them all is the coveted jewel of the property - Penthouse South. Upon entering the exquisitely appointed foyer, the elevator will take you directly to a silk wallpaper-lined vestibule where your front door awaits. Step inside to be greeted by breathtaking ocean vistas and a sun-drenched living room bathed in southern light. French doors open onto a sweeping wrap-around balcony to take in the ocean air and watch the palm trees sway in serene privacy.The high ceilings and designer details complement this striking space that is as suitable for entertaining as it is for a quiet night at home by the wood burning fire. The formal dining room boasts Zuber hand-painted wallpaper, gold leaf ceiling, and views of the coast through the kumquat trees on the patio. The spacious kitchen with a generous island features top-of-the-line appliances, a separate butlers pantry providing ample storage, and a large adjacent laundry room. An elegant powder room with an antique vanity completes the first floor. Venture upstairs to discover the secluded sleeping quarters. The en-suite guest room features stunning views of the snow-capped mountains and two large closets. Down the hall, the spectacular primary suite beckons - here, you will feel transported as you look out from Palos Verdes to Point Dume and hear the gentle roar of waves as the sound cascades from the ocean. Step out onto the large balcony with separate sitting areas for sunny afternoon reading. Drift back inside and envision yourself immersed in another world as you enjoy the bedroom's fireplace before turning in for the night. The spa-like primary bath features Venetian plaster walls, soaking tub, and steam shower. A separate office space with views and balcony provides the ideal setting for your virtual work or a private space for study. Solid oak hardwood floors throughout underscore the grandeur of every detail. The home includes private 3 plus car garage with custom built-in storage cabinets. The building's state-of-the-art fitness center, pool, spa, and lush landscaping rival those of 5 star hotels. Situated along the bluffs of Palisades Park and just a short stroll from shops and restaurants - this is California living at it's finest and steeped in the history of iconic Ocean Avenue. When you are here, you are truly home

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean
  • Year Built: 1996
  • Stories: 6
  • Living Area: 3,070 SqFt

Listing Office:

  • Office Name: Sotheby's International Realty
  • Office Phone: (310) 481-6262
  • Listing Agent: Simon Beardmore

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Oven, Refrigerator, Vented Exhaust Fan, Dryer
  • Flooring Type: Wood
  • Interior: Balcony, Living Room Deck Attached, Recessed Lighting, Walk-In Pantry, Walk-In Closet(s)
  • Fireplace: Gas Starter, Living Room, Primary Bedroom, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Island, City Lights, Other, Mountain(s), Ocean, Pier

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Door-Multi, Garage, Garage Door Opener, Guest, Oversized, Private

Virtual/3D Tour

  • 3D Tour: 603 Ocean Ave Unit 5S

3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.62 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Santa Monica High School, Public District Grades 9-12
  • Lincoln Middle School, Public District Grades 6-8
  • Roosevelt Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Ocean Ave. between Alta and Palisades Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $9,500,000
  • Price Per SqFt: $3,094/SqFt

HOA Fees:

  • Amount: $4500
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $71,480
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Santa Monica, CA.

Med. Sold Price

$1.7M

Med. Price/SqFt

$1,109

Avg. Days On Market

45

# of Sold Homes

35

603 Ocean Ave Unit 5S vs Santa Monica

71 DAYS ON ROCKET

+26 Days

$9,500,000

+$7.7M More

$3,094/SqFt

+$1.9K More

KEY TAKEAWAY

This property is $7.7M more than the Median Sold Price and $1.9K/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: #24358455

Listing Office:

  • Office Name: Sotheby's International Realty
  • Office Phone: (310) 481-6262
  • Listing Agent: Simon Beardmore

IDX 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: 4/28/2024, 2:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 11, 1998Home Sold
$2,300,000
Mar 22, 1991Home Sold
$2,400,000

Tax History

YEARPROP. TAXASSESSMENT
2021$71,480$6,088,086
2020$70,314$6,025,662
2019$66,174$5,907,513
2018$65,929$5,791,681
2017$65,929$5,678,119

History based on county public records data.

Payment Calculator

$51.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$28.5K

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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.

Elementary School

school-card-donut-2306826
8
/10
  • Roosevelt Elementary School

  • 801 Montana Ave

  • 0.53 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2306827
9
/10
  • Lincoln Middle School

  • 1501 California Ave

  • 1.12 miles

  • Public District Grades 6-8

High School

school-card-donut-2306828
9
/10
  • Santa Monica High School

  • 601 Pico Blvd

  • 1.62 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $89,052. Most Santa Monica, CA residents have annual incomes between $35k-100k. The most common type of family 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 603 Ocean Ave Unit 5S

What is the listing price of this property?

The listing price of 603 Ocean Ave Unit 5S property is $9,500,000.

What type of property is this?

The property 603 Ocean Ave Unit 5S is a condo located in Santa Monica, California, 90402.

Is this property for sale now?

Accepting Backup Offers: 603 Ocean Ave Unit 5S is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 603 Ocean Ave Unit 5S are:
Roosevelt Elementary School: GreatSchools Rating 8/10
Lincoln Middle School: GreatSchools Rating 9/10
Santa Monica High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $71,480 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 11, 1998 for $2,300,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 603 Ocean Ave Unit 5S has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 603 Ocean Ave Unit 5S is 3,070 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 603 Ocean Ave Unit 5S is 1996.
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Rocket HomesCaliforniaLos Angeles CountySanta Monica90402603 Ocean Ave Unit 5S

This home is located at 603 Ocean Ave Unit 5S in Santa Monica, CA and zip code 90402 in the North of Montana neighborhood. This 3,070 square foot home, which was built in 1996, sits on a 0.62 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 17, 2024 and is currently priced at $9,500,000.

While more than 13 listings in Santa Monica, CA in March 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 19 were sold below. The number of listings in Santa Monica, CA increased by 22.3% between February 2024 and March 2024. In March 2024 median list price was $1,790,666 and the average listing age was 45 days.

From Rocket Homes Real Estate and based on county public records data.

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