With a truly irreplaceable ocean view, landmark designation, and an extraordinary Mills Act property tax incentive, 401 Ocean presents a rare opportunity to own a piece of Santa Monica's coastal legacy. Rich in local history, this Craftsman-style residence was originally built in 1930 by renowned architect Robert Farquhar and thoughtfully restored and modernized in 2021. As a designated historic landmark, the home benefits from an active and transferable Mills Act contract, offering a significant property tax reduction of up to approximately 80% annually -- an exceptional advantage in today's market. One of only two townhouse-style residences, the home lives with the privacy and presence of a single-family retreat, complete with a private entrance, side yard, multiple terraces, a two-car garage, and integrated home automation with surround sound throughout. Set just beyond the bluff, unobstructed views of the Pacific Ocean and Santa Monica Mountains unfold across the main and upper levels, all just moments from the beach, promenade, and pier. Inside, radiant natural light pours through expansive windows, illuminating exquisite millwork, wide-plank white oak floors, and refined modern finishes that elevate the home's timeless coastal character. The open-concept main level flows effortlessly from a sophisticated living room to an airy dining space and out to a private, hedge-lined terrace, the ideal setting for relaxed mornings or evenings dining al fresco. At the heart of the home, the gourmet kitchen is as beautiful as it is functional, featuring custom Axis cabinetry, a substantial seated island, premium built-in appliances including temperature-controlled wine storage, and a generous butler's pantry with wet bar. A charming powder room, laundry room, and bedroom suite complete the main floor. Upstairs, three additional bedroom suites await, including one with access to the upper terrace and the impressive primary suite. Positioned at the front of the home beneath soaring vaulted ceilings, the primary offers an awe-inspiring ocean-front vantage, a private balcony, expansive walk-in closet, and a spa-like en-suite bath with gas fireplace, dual vanity, soaking tub, and glass-enclosed shower. The lower level reveals an expansive brick-lined family room and full bathroom, ideal for a media lounge, gym, playroom, or private creative studio. Supremely located in the heart of Santa Monica with effortless access to world-class dining, boutiques, and Westside amenities, 401 Ocean is a one-of-a-kind heritage residence that honors California's past while defining the future of luxury coastal living.