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A truly extraordinary and rare offering - 702 and 706 Navy Street present a once-in-a-generation opportunity to acquire two beautiful side by side properties creating a premier two-lot luxury beach compound in the heart of Santa Monica's coveted Ocean Park neighborhood. Spanning two separate legal parcels totaling 5,556 square feet (most lot sizes in the area are 2,500 sq ft), these two exceptional properties combine architectural charm, refined living, and a spectacular yard, just seven blocks from the beach and moments from the vibrant community and energy of Rose Avenue and Main Street | At 706 Navy Street, a reimagined Craftsman residence, thoughtfully remodeled and expanded in 2023 with an investment of approximately $1 million. The 2,317-square-foot home offers three bedrooms and two-and-a-half baths plus a home office, meticulously 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 flow leads to curated exterior spaces featuring a spacious patio for al fresco dining, built-in barbecue, and an outdoor shower, perfectly suited for coastal living | Complementing the residence, 702 Navy Street unfolds as a beautifully landscaped, 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, including potential for an ADU (schematics are available). Together, these two properties form a one-of-a-kind luxury residence, blending lifestyle, location, and long-term value.