A truly rare and extraordinary offering, 702 & 706 Navy Street present a once-in-a-generation opportunity to acquire a premier two-parcel beach compound in the heart of Santa Monica's coveted Ocean Park neighborhood. Offered together, these two distinct properties span an impressive 5,556 square feet across separate lots, more than double the typical size of a typical Ocean Park lot. An exceptional lifestyle estate just moments from the sand.. At the center of the compound is 706 NAVY STREET, an architecturally significant Modern Craftsman that was meticulously reimagined and expanded in 2023 with approximately $1 million in improvements. Encompassing 2,317 square feet, the residence offers three bedrooms, two-and-a-half baths, and a flexible office or fourth bedroom. Rich architectural details, bespoke finishes, spa-inspired bathrooms, and a beautifully appointed chef's kitchen create an atmosphere of understated luxury. Designed for seamless indoor-outdoor living, the home opens effortlessly to curated outdoor spaces featuring a spacious entertaining patio, built-in barbecue, outdoor shower, and a breathtaking landscaped yard anchored by a magnificent mature climbing tree and sophisticated architectural lighting that transforms the property into an enchanting evening retreat.. Complementing the main residence, 702 NAVY STREET provides an expansive grassy oasis offering both tranquility and future potential. The converted 400-square-foot two-car garage and generous storage area present exciting possibilities for a guest house, creative studio, wellness space, or future ADU. The substantial lot offers ample room for outdoor recreation, entertaining, a pool, or other lifestyle amenities rarely found this close to the beach. Perfectly positioned just seven blocks from the ocean and only moments from Rose Avenue, Main Street, Farmer's Market, renowned dining, neighborhood cafes, boutique shopping, yoga studios, and beloved community gatherings, this remarkable compound embodies the very best of coastal California living.. Together, these two exceptional properties offer a rare combination of architectural significance, land, flexibility, walkability, and lifestyle creating one of Ocean Park's most compelling ownership opportunities.