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Santa Monica

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Santa Monica

Situated on the Santa Monica Bay, the city of Santa Monica is bordered on three sides by different

neighborhoods of the City of Los Angeles and by the Pacific Ocean on the west. Santa Monica is home to many Hollywood celebrities and executives, and is a mixture of affluent single-family neighborhoods, condominiums, and apartment buildings housing mainly professionals or students. Partly because of its agreeable climate, Santa Monica became a famed resort town by the early 20th century. The city has experienced a boom since the late 1980s through the revitalization of its downtown core, significant job growth, and increased tourism.


With scarcity of land to build and the city’s desirability to live and work, the residential real estate market is a very stable one. Home prices continue to experience an overall combined average annual growth rate of approximately six percent per year over the last decade, have experienced minimal decreases during the most recent economic downturn.


Santa Monica is comprised of several neighborhoods. The most notable residential neighborhoods include:
North of Montana, Wilshire-Montana, Ocean Avenue, Ocean Park, Sunset Park, Midtown, and the Santa Monica Canyon. The following is a residential real estate market performance report for the first quarter of 2016, as well as the last ten years for each of these neighborhoods.

Santa Monica

595 E Channel Rd Santa Monica, CA

$18,500,000 €15,685,854

Residential, Single Family

  • 8 Beds
  • 10 Baths
  • 9,422 SqFt
  •  

Tucked behind gates and hedges on the exclusive East Channel Road in Santa Monica Canyon, this Marmol Radziner design is an architectural masterpiece on a 40,000 square foot lot. This sun-filled two-story home has a double-height living room ancho...

671 Latimer Rd Santa Monica, CA

$18,000,000 €15,261,912

Residential, Single Family

  • 5 Beds
  • 7 Baths
  • 5,655 SqFt
  •  

This Architectural Masterpiece by Chu + Gooding Architects in SM Canyon is an exceptionally well designed home on an expansive private, serene lot. Perfectly positioned to capture light throughout the day w/ views of mature sycamores & redwoods th...

617 Georgina Ave Santa Monica, CA

$12,495,000 €10,594,311

Residential, Single Family

  • 5 Beds
  • 10 Baths
  • 10,114 SqFt
  •  

OPEN HOUSE: Sunday, Dec 17th, 2017, 1:00pm - 4:00pm - Situated near the ocean, this contemporary gem has been impeccably redesigned as the ultimate entertainer's dream. The prominent and extraordinarily stylish fa~ade instantly mesmerizes guests upon entering the home. Inside, the interiors are reple...

OPEN HOUSE

110 Larkin Pl Santa Monica, CA

$11,000,000 €9,326,724

Residential, Single Family

  • 4 Beds
  • 5 Baths
  • 3,697 SqFt
  •  

Ocean view home with estate sized lot overlooking Santa Monica Canyon (sold for land value). Remodel or build new on a private, gated property located on quiet cul-de-sac within short distance to beach and shopping. This rim-side ocean view home's...

435 Georgina Ave Santa Monica, CA

$9,995,000 €8,474,601

Residential, Single Family

  • 5 Beds
  • 5 Baths
  • 3,701 SqFt
  •  

Once in a lifetime... A Storybook Home on Approximately ~ acre. An opportunity to own one of the few remaining historic estate properties in Santa Monica. This home is located on one of the most prestigious streets in Santa Monica presents a timel...

1610 Broadway Santa Monica, CA

$8,950,000 €7,588,562

Residential Income, Apartment Building

  • 15 Beds
  • 16 Baths
  • 11,211 SqFt
  •  

1427 Georgina Ave Santa Monica, CA

$7,395,000 €6,270,102

Residential, Single Family

  • 4 Beds
  • 4 Baths
  • 5,243 SqFt
  •  

This architectural masterpiece is a triumph in home design, function, and environmental sustainability. Its iconic presence is defined by a sophisticated facade, pitched-roof, walls of glass, and seamless flow of indoor-outdoor space. Designed b...

353 20th St Santa Monica, CA

$7,350,000 €6,231,947

Residential, Single Family

  • 6 Beds
  • 10 Baths
  • 7,385 SqFt
  •  

Elegant 3 Level Modern Mediterranean Estate Situated North of Montana in the Gillette Regent Square and Franklin School district of Santa Monica. This newer home features 6 bedrooms and 10 baths within approx. 7,385 sq.ft. of living space on 60 x ...

653 Palisades Beach Rd Santa Monica, CA

$6,995,000 €5,930,949

Residential, Single Family

  • 6 Beds
  • 3 Baths
  • 2,431 SqFt
  •  

Located on the Golden Coast of Santa Monica with direct sandy beach access this California bungalow is an incredibly rare opportunity to remodel the existing home or build your dream home. The property currently boasts 2 large separate structures ...

NEW TO MARKET

323 21st Place Santa Monica, CA

$6,950,000 €5,892,794

Residential, Single Family

  • 5 Beds
  • 8 Baths
  • 8,180 SqFt
  •  

*** Price Reduction, buy your dream home at the lowest price listed in the area *** Elegant 3 story home built in 1994. First time on the market in 23 years! Proudly presenting 323 21st Pl Santa Monica situated on an expensive super exclusive prem...

1628 Georgina Ave Santa Monica, CA

$6,500,000 €5,511,246

Lot-Land

  •  

Rare double corner lot on quiet location. Current plans available to build 3 level 7688 square feet designed by Patrick Tighe. Permits ready...just need to pay fee. Landscape architectural package available as well.

631 15th St Santa Monica, CA

$6,499,000 €5,510,398

Residential, Single Family

  • 5 Beds
  • 6 Baths
  • 6,671 SqFt
  •  

Imagine seeing your new home built before your very eyes w/ the rare opportunity to buy this property w/ the design team acting as a concierge service to complete this luxury high-end, high performance residence. Impeccably designed for modern tec...

Welcome to

Market Snapshot

Median sale price as of December 2017

$3,797,000

Median rental price as of December 2017

$6,700

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In Santa Monica