Purchasing a condominium is an excellent housing option in Santa Monica. There are numerous options available from luxury high rises on the beach to single story residences. In a city that continues to grow, and where the demand for real estate continues to increase, purchasing a condo is a sound choice for a wide range of buyers. Not only is can this be a sound personal financial investment decision, but there are opportunities that are not generally found in single-family home ownership.
Condos are often very attractive for busy professionals. Property management and maintenance, great amenities like landscape design, concierge service, business and fitness centers and hotel-like properties can all be found at Santa Monica condo complexes. With the recent increase in real-estate value in the area, the condominium market is becoming increasingly popular for vacation properties, primary residences and income properties.
There is a long list of reasons to choose to live in Santa Monica. This is an active city with many great community activities. Picture a weekend spent enjoying the Farmer’s Market on Saturday morning followed by a hike in the Santa Monica Mountains in the afternoon. Or a Sunday spent at the 3.5 mile long Santa Monica Beach and shopping at Santa Monica Place. Also, the convenience of living in Santa Monica is increasing with the proposed expansion of the Metro Expo Line. This is great news for greater ease of travel throughout the city and far less traffic.
The condo market in Santa Monica encompasses a wide range of styles and prices. It is possible to find a one bedroom unit for as low as $400,000 in the Midtown and Pico neighborhoods or as high as $900,000 in a luxury unit North of Wilshire, or as much as $9 million for a penthouse overlooking Palisades Park and the Ocean.
Condos in Santa Monica can be found in numerous different floor plans and styles of buildings that reflect the unique architectural style of the city. It is possible to find condos created from older, redesigned homes or units in luxury high-rises. Following a fascinating trend, there are charming cottages being remodeled as condos that provide the privacy of a single-family home with the ease of condo living.
Neighborhoods in Santa Monica that are known for their number of available condos are Midtown, Pico, North of Montana and Ocean Avenue. Condominium complexes along Ocean Ave are typically modern townhomes with spectacular ocean views and access to the sandy beach. A few blocks back from Ocean Avenue, the condos are generally multi-level townhomes with increased amounts of private, outdoor space that still have ocean views. One of the more notable locations to purchase a condo in Santa Monica is North of Montana. Here, it is possible to find designs by notable architects that often feature environmentally friendly construction and peek-a-boo views of the Pacific from beautiful roof decks.
Do not hesitate to call Hartman Cole for advice on the Santa Monica condo market and how to find your next new home.Their team is always just a phone call away and looks forward to sharing their knowledge and experience with you. Connect today!