A truly rare offering in the heart of Ocean Park, this exceptional luxury compound spans two parcels and represents one of Santa Monica's most coveted residential opportunities. Offered together, 702 Navy Street ($1,350,000) and 706 Navy Street ($3,400,000) create a private, resort-like estate unlike anything else in the area. At its center is 706 Navy, a meticulously remodeled 2,300 SF Craftsman residence of extraordinary character and warmth - an iconic home widely regarded as one of the most enchanting properties in all of Santa Monica. Thoughtfully curated with refined finishes and timeless architectural details for a truly turnkey experience. Complementing the main residence, 702 Navy features lushly landscaped grounds and a converted 400 SF two-car garage with a separate expansive storage area, offering exceptional flexibility and future potential. The parcel presents an ideal opportunity to add an ADU or construct additional living space above the garage perfect for a guest residence, private office, wellness studio, gym, or creative retreat. Set moments from the best of coastal living, the property is surrounded by acclaimed restaurants, cafes, and boutiques of Rose Avenue, Main Street, and Lincoln Boulevard, blocks from the beach, and a short bike ride to Abbot Kinney. A once-in-a-generation opportunity, this singular compound offers privacy, prestige, and endless possibility - an irreplaceable estate and one of the most extraordinary properties in Santa Monica's highly coveted Ocean Park beach neighborhood.