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Santa Monica Dirt | Real Estate News and Community Events

Posted by John Hathorn on April 6, 2017
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For the past few years, I have been hearing people ask for a “done, move-in condition, new or nearly new”  home but that they don’t care about a basement and “don’t want or need huge.” We finally have it! In fact we have two Beautiful, 4,900 square foot homes on 60X149 Gillette’s lots for only $6.5M! We expect both homes to be ready within the next few weeks but I can show them now to serious parties.

Houses in LA are going to be 20% smaller than last year. After much discussion and debate, the new building codes took effect a few weeks ago. This does not apply to Santa Monica only for homes in the City of Los Angeles. The value of the land might see some price drop as developers are rewarded, in most cases, based on the size of their homes. This may mean they will want to pay less for development sites.

It seems like it was just Christmas but Easter is right around the corner.  If you are looking for something to do, here are a few ideas.

Work up and appetite! Sign up for the Easter Fun 5k, 10k, 15k or Half Marathon sponsored by Active. All participants will receive a medal and will have their free downloadable picture taken at the finish line. Register online!

Bring your kids to the 25th Annual Peter Rabbit Day presented by the Santa Monica Jaycees hosted at Douglas Park Saturday April 15TH from 9-12pm. Kids can participate in numerous activities including dying Easter eggs, an egg hunt, face painting and sack races. The event is free for the community.

Treat your kids to the Bugs Bunny Cartoon Classics Matinee on Easter Sunday at the Aero Theatre. All kids will receive free candy! Showtime is at 2pm and is approximately 90 minutes long.

The always fantastic Fig Restaurant at the Fairmont Miramar is offering an a la carte menu by Chef Yousef Ghalaini. Kids won’t be disappointed with two Easter egg hunts, one for children under 4 and the other for kids over 5. Call to make a reservation!

Experience fine dining at Catch American Seafood restaurant. A fixed three-course menu starts with either the Dungeness crab crostini or roasted beets salad. For the main course choices include filet mignon, lobster cake eggs benedict or grilled lobster. Dessert options are just as wonderful choose carrot cake, banana cream pie or special chocolate Easter eggs.

One Pico has a gourmet fixed brunch menu from 10-4pm in addition to an Easter dinner menu from 4-10pm. Brunch options include Maine lobster soup, oak smoked salmon, organic egg frittata, or a roasted diver scallop. Dinner options include New Zealand lamb chop and a prime bone-in New York strip. Save room for dessert!

Indulge at the Shangri –La for a tempting brunch buffet, including a carving station, seafood bar, omelet station, dessert station and a complimentary glass of champagne. Reserve your table, $69 for adults, $35 for kids. Stick around for the 1pm egg hunt in the courtyard!

Cast at the Viceroy also has an amazing brunch buffet including a salad station, traditional breakfast dishes, carving station, tartines, omelet bar and a kids buffet with waffle sticks and chicken fingers. $75 per person, kids are $25.

Del Frisco’s Grille, is adding a carving station to their brunch menu and a cold brew cocktail. The Penthouse, Ivy at the Shore and The Misfit all are open Easter Sunday and serving their traditional brunch menu options.


Three new* listings came on the market:

 715 San Vicente– Small 3 bedroom and 3 bath home set back from the street. Large 8,233 sqft lot. Built in 1951, builder opportunity.  Listed for $2,589,000. Last sold back in 1974.

 444 25th Street– Brand new Traditional home with 5 bedrooms and 6.5 baths on an 8,701 sqft lot. Property has lots of upgrades including a temperature controlled wine room, pool and spa. Listed for $6,495,000. Last sold January 12, 2016 for $3,500,000.

 463 18th Street– *This is not new to the market but a change in price and partial change in brokerage companies. 5 bedrooms and 4.5 baths, Mediterranean home was designed by Jay Charles and built in 1999, was listed for $5,900,000 and now $5,300,000. Great floor plan, beautiful street and large back yard. Last sold in 1999 for $4,264,000.

Two homes went under contract last week:

457 19thth Street– 5 bedroom and 5.75 baths, $4,979,000.  Updated Spanish house with lots of original character, private courtyard and backyard with a pool & spa .  Last sold December 16, 2013 for $3,495,000.

 609 10th Street– 5 bedroom and 4.5 baths, $4,995,000.  Property remodeled in 2003, Mediterranean home with gated front courtyard, nicely landscaped with a lap pool in the back.  Last sold March 13, 1987 for $405,000.


One closed sales to report:

402 Alta Avenue– 4 bedrooms and 5.5 baths. Sold for $3,900,000.


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:

1024 Palisades Beach Road – 6 bedrooms and 7.5 baths $8,995,000

323 Adelaide Drive – 4 bedrooms and 6 baths $6,750,000

1338 Longworth Drive – 6 bedrooms and 7.5 baths $6,395,000

1023 S. Bundy Drive – 2 bedrooms and 2.5 baths $2,049,000

435 Arnaz Drive #101 – 2 bedrooms and 2.5 baths $890,000

11616 Chenault Avenue #6– 2 bedrooms, 1.75 baths $829,00

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