Lots going on in Santa Monica! Topics that I wrote about before have circled back, some with major updates and others, not so major.
Santa Monica airport- The FAA and the City have an agreement to close the airport officially in 2028. The City originally wanted to cut the runway to only 2,000 ft but have settled with shortening it to 3,500 ft. The National Business Aviation Association filed a lawsuit to stop these changes and leave the runway and airport as-is until it closes in 2028. However, this was denied in court. The Aircraft Owners and Pilot Association (AOPA) and other aviation enthusiasts are still hoping to take legal action to halt the closing of the airport.
Water Neutrality – The drought in California may be lifted by the State however Santa Monica wants to enforce better water habits and is creating ordinances for new residential and commercial developments including anyone wanting to add a swimming pool, spa or water feature. They don’t want our water usage to rise with all the new living spaces being created. More housing means more people using and needing water. The City is creating a water calculator to determine the amount of water that is necessary. If you purchase a property and build a new one, you are only allowed to use the same amount of water that the previous property was utilizing. According to the Santa Monica Daily Press, “the fees could potentially be substantial for a developer replacing a one-story structure with a multi-story complex.” Expect this to become the next hotly debated topic, and as I learn more I will write about it here.
Goop opened new headquarters – the very popular online company started by Gwyneth Paltrow has its first office headquarters here in Santa Monica. The company has taken over an old warehouse and is featured in Architectural Digest.
Are you a bird watcher? If so, you will be happy to know that snowy plover nests have been discovered on the Santa Monica and Malibu state beaches again. It has been close to 70 years since they have nested here. The City is doing their best to protect these nests and figure out a way to preserve wildlife while maintaining access to beachgoers.
Have you had a chance to check out the new Tallula’s in Santa Monica Canyon? It just opened this week. Located on Entrada in the old Marix Tex Mex space and operated by the Rustic Canyon people, it’s got a beachy vibe and looks like it is going to be a popular new dining spot. Mexican cuisine by Chef Jeremy Fox, open for dinner only at this point.
One new listing has come to the market:
444 21st Street – Newly built and designed by Ken Unger. Three story Cape Cod Traditional with 6 bedrooms and 7.5 bathrooms, approximately 7,311 sqft. Property has a gym, media room and wine cellar. Listed at $7,895,000. Last sold September 17, 2014 for $3,061,500.
No homes went under contract last week.
One closed sale to report:
715 San Vicente– Small 3 bedrooms and 3 baths, listed, sold and closed in 35 days! Sold for $2,500,000. Fixer property built in 1951. Large 8,233 sqft lot.
Call me for a couple of upcoming attractions that are not yet listed in the MLS, priced from $1.9 million to $16 million. And….here are a few that we have listed in the MLS:
920 Alta Avenue – 6 bedrooms and 6.5 baths $6,395,000
323 Adelaide Drive – 4 bedrooms and 6 baths $6,195,000
426 Mesa Road – Vacant Land, $1,440,000
1238 12th Street #4 – 2 bedrooms and 2.5 baths $899,000
435 Arnaz Drive #101 – 2 bedrooms and 2.5 baths $877,000