Buy waterfront on the Westside with up to 1% of the price back at closing. Local know-how of MdR's condo market, the crucial ground-lease nuance, and full-service representation.
Buying in Marina del Rey, eligible buyers get up to 1% of the purchase price back at closing — about $11,000 on a $1.1M condo. MdR is the Westside's waterfront condo community, with single-family homes on the Silver Strand and Marina Peninsula. The key local nuance: much of MdR sits on County ground leases, so verify whether a property is leasehold or fee-simple, as it affects price and financing. Full service plus the rebate, at no extra cost.
Marina del Rey is the Westside's waterfront condo capital — a boater's community wrapped around the largest man-made small-craft harbor in the country, dominated by condos and townhomes with a pocket of single-family homes on the Silver Strand and Marina Peninsula.
The rebate applies here just the same: up to 1% back at closing, roughly $10,000 on a $1M condo. Below: how MdR's waterfront living works, the crucial ground-lease nuance many buyers miss, and how to buy smart in a condo-heavy market. Full model on the rebate pillar.
MdR offers waterfront living minutes from Venice, Santa Monica, and LAX — harbor views, boat slips, walk-and-bike paths, and a resort-like feel. It's popular with professionals, downsizers, and second-home buyers who want the water and the Westside location without a beach-city house price, thanks to a deep condo market.
| Neighborhood | Character | Rough price band |
|---|---|---|
| Waterfront high-rises | Harbor-view condos, amenities, walkable | $800K–$3M+ |
| Marina Peninsula | SFR & condos between marina and beach | $1.5M–$5M |
| Silver Strand | Single-family, beach-and-marina, sought-after | $2M–$6M+ |
| Mid-rise & townhome communities | Gated, pools, marina-close | $700K–$2M |
| Del Rey border areas | More attainable, inland-adjacent | $700K–$1.5M |
Broad general ranges; waterfront position and views drive premiums. Note ground-lease status (below).
MdR pricing runs on water proximity, views, and — critically — land tenure. Much of Marina del Rey sits on County-owned land under long-term ground leases, so some condos are leasehold rather than fee-simple. That affects price, financing, and long-term cost, and it's the single most important thing to verify here. Waterfront high-rises and the Silver Strand anchor the market; townhome communities offer value. A local agent who knows which buildings are fee vs. leasehold is essential.
| Purchase price | Up to 1% rebate | Typical fit |
|---|---|---|
| $800,000 | ~$8,000 | Townhomes, mid-rise condos |
| $1,100,000 | ~$11,000 | Waterfront condos |
| $2,000,000 | ~$20,000 | Marina Peninsula |
| $4,000,000 | ~$40,000 | Silver Strand SFR |
Up to 1% of price, no cap. Estimates only; subject to lender approval and the seller offering buyer-agent compensation. Run yours on the rebate calculator.
Versus Santa Monica, MdR is more waterfront-condo and often more attainable per unit. Compared with Culver City, MdR is water-focused while Culver is inland tech-hub. Neighboring Venice and Playa del Rey round out the Westside coastal options.
Tell us your building or area and budget. We'll show your rebate and confirm ground-lease, HOA, and slip details.
Disclaimer: Portfolio Home Realty is a licensed California real estate brokerage (DRE #02232009) serving Los Angeles County and Orange County. The buyer rebate is a portion of the buyer-side commission returned to eligible buyers at closing and is generally up to 1% of the purchase price, subject to lender approval and the seller offering buyer-agent compensation. Dollar figures on this page are illustrative estimates, not guarantees. This page is general information, not legal, tax, or lending advice — consult your CPA, attorney, or lender about your situation. Equal Housing Opportunity.