An Ocean Park Luxury Compound$4,395,000New Listing

A truly rare and extraordinary offering - 702 & 706 Navy Street, being offered together, present a once-in-a-generation opportunity to acquire two beautiful side by side luxury properties creating a premier two - lot luxury beach compound in the heart of Santa Monica's coveted Ocean Park beach neighborhood. Spanning two separate legal parcels totaling 5,556 square feet (average lot size in the area is 2,500 sq ft), these two exceptional properties combine an architecturally significant Modern Craftsman, refined coastal living, and a spectacular yard with the best climbing tree and state-of-the-art exterior lighting throughout, creating a rich ambiance for a perfect evening. Great location, just 7 blocks to the beach and a few blocks to Rose Avenue in Venice and Main Street in Santa Monica for great dining, cafes, shopping, yoga, Pilates and fun | At 706 Navy Street, a meticulously reimagined Craftsman residence, thoughtfully remodeled and expanded in 2023 with an investment of approx $1 million. The 2,317-square-foot home (true cost psf is $1,413 for 706 Navy parcel) offers three bedrooms upstairs and two-and-a-half baths plus a home office/4th bedroom on the main floor, curated with bespoke finishes and rich architectural details. The state-of-the-art kitchen and spa-inspired bathrooms are designed with both beauty and functionality, while seamless indoor-outdoor living flows through the living room, dining area, and kitchen into curated exterior spaces featuring a spacious patio for al fresco dining, built-in barbecue, outdoor shower and the breathtaking lushly landscaped yard, perfectly suited for beach living | Complementing the 706 residence, 702 Navy Street unfolds as an expansive grassy retreat, an oasis of tranquility and possibility. The converted 400-square-foot two-car garage, along with a generous storage room, provides flexibility for creative use, while the sizable lot invites endless opportunities for outdoor entertaining, recreation and a pool. Down the road the garage can transform into a 2 story ADU, pool house, offices, art studios (schematics are available). Because it's a separate parcel you have endless possibilities. Together, these two magical properties form a one-of-a-kind opportunity to own a luxury beach property in one of Santa Monica's most popular and valued locations, blending healthy lifestyles, less use of a car, a great community, and fantastic walkability.