$8,950,000

The elevator doors open and there is no hallway, no shared landing, no neighbor's door across the way. There is only light, and past it, the Pacific. This is the top of 101 California: the sole residence on the roof, a true one-of-one penthouse standing at Ocean Avenue and the California Incline, an intersection so photographed it has become shorthand for the California coast itself. Approximately 3,000 square feet sit above the coastline, three bedrooms and two baths, and every room faces the water. Not most of them. Every one. The residence is composed of distinct rooms rather than one long open plan, and each has been given its own piece of the view, so the ocean finds you wherever you happen to be standing. Morning light comes in clean off the water. By afternoon the sailboats are out past the Pier. At six the western wall turns amber, and after dark the coastline runs north toward Malibu in a thin necklace of light while the basin behind you switches on all at once. But the terrace is what people will remember. Nearly 7,000 square feet of private outdoor space wraps the residence a full 360 degrees, the largest of any penthouse on Ocean Avenue. This is not a balcony. It is an entire floor of open sky, and it is where this home truly entertains, large enough to host at genuine scale on one side and still leave you a quiet corner with coffee and nothing in front of you but horizon on the other. From up here the view does not point, it rotates: Malibu and the open Pacific to the west, the Pier and the long sweep toward Palos Verdes to the south, Century City and the downtown towers to the east, and on the clearest winter mornings, snow on the mountains at the far edge of the basin. Ground level is Santa Monica at its best. Palisades Park runs the length of the block directly across Ocean Avenue, its bluff path leading south toward the Pier. The Fairmont next door. Montana Avenue's boutiques and cafes are a short walk away, and Downtown Santa Monica and the Third Street Promenade are minutes away. The California Incline, at your doorstep, puts you on Pacific Coast Highway and the sand in about a minute, with Malibu straight up the coast from there. A residence of this caliber truly comes along once every decade or two and now is your chance to grab it as it could become a lifetime of waiting to ever find something even half as good.