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2950 Neilson Way, 209, Santa Monica, CA 90405

$1.38M2bd · 2ba · 1,305 sqft
Lot 134,148 sqft•HOA $1685/mo•Condominium•
Active
•22d on market•MLS# 00-26999403

Property Description

In seeking to create an expansive gallery-like space within Sea Colony II, no details were deemed too small for consideration. The owners undertook a full scale renovation that came to include taking down an entryway wall and removing an overbearing fireplace. Polished concrete was laid throughout the unit, and all baseboards and trim were eliminated. Every door was made flush, with slimline doors and custom hardware. In the kitchen- Corian countertops form an integrated sink and continue seamlessly up the surrounding walls as backsplash. Custom cabinetry surrounds a Bertazzoni range, Bosch refrigerator and dishwasher. Tankless reverse osmosis filter for drinking water was added at the kitchen sink. A maple pegboard wall with moveable shelves enlivens the entry and hallway. HVAC and electrical wiring have been updated, with recessed LED lighting placed throughout. In the bathrooms- floating maple cabinetry is topped with Corian countertops, and walls are all floor-to-ceiling large-format Italian tiles. In the primary suite- a large custom maple wall unit provides an entire wall of storage. Full-size laundry is located in the guest bath. Cabinetry is made with formaldehyde-free and soy-based glue, paint is zero VOC, and natural wool insulation has been added for sound isolation. The unit is situated such that it enjoys both morning sun from its east facing and afternoon/evening sunlight from the west. Sliding doors open to an uncommonly spacious private patio- shielded by both an exterior hedge and custom planter boxes that hug the interior terrace perimeter. An incredibly quiet and secure complex, with amenities that include 24-hour security, a large pool with ocean view patio, multiple spas, fitness center, sauna, guest parking, and EV car charging. Located just steps from the ocean and boardwalk, restaurants and shops of Main Street, tennis and pickleball courts, and only a few short blocks from Abbot Kinney. Property includes two underground parking spaces as well as an individual storage room. A rare and refined minimalist space in Santa Monica's idyllic Ocean Park.

Features & Amenities

FeeBuilt 1981

Property Details

Land Type
Fee
Year Built
1981
Property Type
Residential
Property Subtype
Condominium
Heating
Central, Forced Air
Cooling
Central Air
View
Pool
City
Santa Monica
Zip Code
90405
County
Los Angeles
Listed byModern California House, Nate Cole

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,952.75
Principal & Interest
Loan Amount
$1,100,000
Total Interest
$1,402,989
Total Payment Over 30 Years
$2,502,989
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

2950 Neilson Way, 209, Santa Monica, CA 90405

Santa Monica · Condominium

$1.38M
Affordable Tier
Beds
2
Baths
2
Sqft
1,305
Lot
3.08 ac
Year
1981
$/Sqft
$1054
Pool: No✓
Spa: No✓
View: water✓

Listed in line with the median closed sale of $1,351,000.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $1.38M· $1,054/sqft
Total list price
Closed comps
vs closed median $1.35M
+$24K (+1.8%)
Active comps
vs active median $1.55M
−$175K (−11.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,092
−$38 (−3.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2960 Neilson WaySanta Monica1980221,229134,148$1,220$1.50M24389
2913 3rd StreetSanta Monica1991221,07230,977$1,199$1.28M4681
235 Main StreetLos Angeles1989231,62273,400$956$1.55M5381
2806 6th StreetSanta Monica1988231,3797,497$1,146$1.58M5281
235 Main StreetVenice1989331,67873,400$939$1.57M14975
Total: 5 · Average2.22.61,39663,884.4$1,092$1.50M108.6
Median1,379$1.55M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2910 Neilson WaySanta Monica198007/10/2026221,305134,165$1.20M$1.20M$9201.006693
2910 Neilson WaySanta Monica198005/01/2026221,513134,148$1.60M$1.51M$1,0010.9521291
245 Main StreetLos Angeles198910/01/2026221,39973,400$1.20M$1.20M$8571.007088
235 Main StreetVenice198911/14/2025221,36673,400$1.39M$1.35M$9890.979283
2431 3rd StreetSanta Monica196409/28/2026221,2657,737$1.40M$1.39M$1,0950.997180
Total: 5 · Average2.02.01,369.684,570$1.33M$1.33M$972.4—102.2
Median1,366$1.35M$1.35M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.