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SANTA MONICA - NEW CONDOS BY THE OCEAN

By Jodi Summers

Real Estate Broker/Owner with Sotheby's International Realty

August 08, 2014 10:18 AM

by Jodi Summers

We are all lucky here in Santa Monica. A large part of the world’s population dreams of living by the beach in Southern California, where life is a mix of reality, sunshine and fun. Just think of how nice it is to be living along Ocean Ave and Neilson Way where you can hear the waves dance with the shore…30 of those desirable properties sold between January 1 and July 24, 2014 in Santa Monica. As per the MLS, the median sold price was $2,030,000. By and large, those buildings were not constructed in this millennium, except for the Waverly and the Seychelle – Santa Monica’s new luxury condos near Tongva Park and our promised light rail terminus.

If you’re spending a couple of million on a condo in Santa Monica, why not go with brand new? Called Ocean Avenue South, these luxury midrise units offer unparalleled coastal and city living. The Seychelle’s ninety-three exclusive residences at 1755 Ocean Avenue, Santa Monica 90401, are nestled along our iconic shore. The units promise private balconies with “dazzling vistas” and “an ever-shifting palette of infinite blue…”

When this article was written, there is one suite at the Seychelle start at just under $900,000, and one next doorat the Waverly for just under $1,000,000. Prices climb with size, height and view. The Seychelle suites feature Zen-harmonious interiors by Clodagh Design International. Your new home at the Seychelle is accented by dramatic walls of glass open to breathtaking ocean panoramas. Spacious living areas blend contemporary style and organic features like custom oak flooring, polished quartzite, honed marbles and warm wood tones.

Well-designed and serene, one-bedroom units are usually 1,100+ sq.ft. Included are appliances by Thermador featuring integrated paneling. Management fees approach $1.20sq.ft./month – a bit higher than the Sea Colony but nowhere near as dear as 101 Ocean Ave.

Additional amenities include the building’s attended lobby with concierge and doorman, and the exclusive, residents-only rooftop pool and sky lounge, a delightful accent to the indoor/outdoor California lifestyle. The inviting pool and sauna are is accent by furnished cabanas, allowing for old-Hollywood intimacy. The sky lounge offers a gourmet kitchen and open-air barbeque areas complimented by panoramic ocean vistas. The fitness center is on the third floor and is complimented by a dedicated yoga studio overlooking the peacefully landscaped terrace. Restaurants and coffee shops are downstairs. Additional amenities include a business center, a pet spa and private storage lockers.

The Waverly is the name of the collection of 65 exclusive residences adjacent to Tongva Park at 1705 Ocean Ave. Featuring verdant vistas of rolling meadows of native grasses and wildflowers, lush pathways and ocean panoramas, the Waverly is the epitome of urban beach living. Inspired by the natural palette of the surrounding Santa Monica landscape, thoughtfully designed interiors by award-winning Marmol Radziner & Associates reflect a warm and serene aesthetic.

Modern spaces are infused with rich wood tones, highlighted by custom bleached oak flooring, polished marblesand textured handcrafted materials. The kitchens are desired for their exquisite details, including polished Sea Pearl quartzite counters and full-height backsplash, complimented by custom oak cabinetry and state-of-the-art stainless steel appliances by Thermador. The master bath and powder room is appointed with Imperial White marble flooring and counters, finely crafted walnut vanity and well-appointed detailing.

Pricing-wise, a 1-bedroom + 1.5 bathroom residence will cost more than $1,300,000 with prices capping at just under $8million > hurry only one 3-bed + 3.5 bath penthouse remains.

Maintenance fees are on parallel with the Seychelle…but instead of the pool, you get the Waverly’s floor-to-ceiling window walls which open to stunning views that span across six acres of park from the Santa Monica Mountains to the Pacific Ocean. The Waverly’s light-filled lobby seamlessly connects interior and exterior spaces. The around-the-clock concierge can be found in the lobby, which is adorned with honed quartzite flooring and walls of rich teak and floor-to-ceiling glass windows.

On the fifth floor there is the Skybridge Lounge, which overlooks Tongva P ark. This is a great setting forentertaining with a gourmet kitchen and barbeque and a glowing fireplace. There is a fully equipped fitness center, pet spa and Related Signature Services are available.

Outside, residents enjoy convenient access to downtown Santa Monica. Restaurants that are right downstairs include Starbucks, Joan’s On Third and Searsucker, while the Promenade and the light rail are both within walking distance.

“We don’t have to drive as much anymore,” notes Waverly resident Rob Evanko. “We’re able to walk everywhere.”

For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.