tomo logo

$7,495,000

Beds
2
Baths
3.0
sq ft
2,847

110 Ocean Park Blvd Unit 505, Santa Monica, CA 90405

110 Ocean Park Blvd Unit 505

Santa Monica, CA 90405

  • 52 days on market
Just moments away from the beach, this luxurious, one-of-a-kind penthouse retreat in Santa Monica, boasts panoramic ocean views; the epitome of California living. Surrounded by palm trees and nestled between Ocean Park Beach and Main Street, this sun-filled two-level condo features dual primary suites with ensuite bathrooms, plus spacious loft that can function as a den and office, as well as two additional partial baths. The gourmet kitchen with a sleek modern aesthetic, features stainless steel Miele appliances and custom cabinetry throughout. Enjoy ample outdoor space with five balconies totaling over 500 square feet, each with spectacular ocean views offering daily sunsets over the Pacific. The condo includes in-unit Miele washer and dryer, four parking spaces, and two storage lockers. In the coveted guard-gated Sea Colony III community, enjoy resort-like amenities that include a pool, gym, lounge, security, bike storage, and on-site property management. Modern comfort and seaside charm provide an unparalleled living experience all within close proximity to the glistening shores, bike paths, parks, eclectic boutiques, and world-renowned dining of Santa Monica.

Details

Property type

Condominium

Est. home value

$7,832,216

Property condition

Updated/Remodeled

Lot size

4.5047 acres

Price per sq ft

$2,633

Year built

1987

Monthly HOA fee

$1,574

Price History

05/15/2024
CLAW

CLAW #24388535

Listed
$7,495,000
04/03/2024
CLAW

CLAW #23306167

Removed
$7,495,000
01/17/2024
CLAW

CLAW #23306167

Listed
$7,495,000

Schools & Community

Neighborhood: 

Santa Monica Pier Area/Ocean Avenue

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Nextres Llc

Loan start date

November 2023

Original loan amount

$2,015,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Commercial, 1 year

Seller

Robert Abrams

Lender

Bank Of America National Assn

Loan start date

December 2002

Original loan amount

$535,000

Est. remaining balance

$0

Interest rate

5.51%

Loan type

Not Provided, 16 year

Seller

Robert Abrams

Lender

The Richland Group

Loan start date

November 1998

Original loan amount

$560,000

Est. remaining balance

Not provided

Interest rate

7%

Loan type

Not Provided, 30 year

Seller

Robert Abrams

Lender

Washington Mutual Bank Fa

Loan start date

May 1998

Original loan amount

$560,000

Est. remaining balance

Not provided

Interest rate

7.37%

Loan type

Not Provided, 30 year

Seller

Robert Abrams

Lender

Oakmont Mtg Company Inc

Loan start date

February 1998

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

6.55%

Loan type

Credit Line (Revolving), 15 year

Seller

Robert S Abrams

Lender

American Svg Bank

Loan start date

April 1997

Original loan amount

$460,000

Est. remaining balance

Not provided

Interest rate

4.95%

Loan type

Not Provided, 30 year

Seller

Robert S Abrams

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/05/2024 at 9:30 PM

Listing updated: 06/28/2024 at 8:33 AM

Listed by: Nathaniel Solis, Sotheby's International Realty Phone #: (310) 454-0080

MLS: CLAW #24388535

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