Santa Monica is already one of the most expensive areas in California, but there are specific neighborhoods within it that have particularly high property values. The area known as 'North of Montana,' located north of Montana Avenue, is a prime example, featuring many single-family homes on large lots within walking distance to the beach, with median home prices reaching between $3.5 million and $4 million.

Santa Monica Canyon is another frequently mentioned area. This small community, developed along a canyon landscape, highlights the ability to enjoy natural scenery even in an urban setting, with median prices around $3 million.

Thirdly, the coastal area west of Santa Monica, adjacent to Pacific Palisades, can be noted. Condos and mansions lined along Ocean Avenue often command prices in the millions per unit due to their direct oceanfront locations.

The background for these neighborhoods becoming affluent is attributed to beach accessibility, a mild climate, and the establishment of commercial areas and infrastructure following the influx of entertainment industry professionals since the 1990s. Considering that the overall median price in Santa Monica is around $1.8 million, the North of Montana area maintains property values nearly double the city average.

The school district also contributes to the premium in this area. The Santa Monica-Malibu Unified School District has long been regarded as an excellent school district, leading families that prioritize education to pay a premium to move here compared to other areas.

For Korean affluent families, it is common to compare Santa Monica with nearby Pacific Palisades or Brentwood. However, due to the unique convenience of Santa Monica, where one can walk to the beach and commercial areas, there are increasing cases of families choosing to downsize to Santa Monica condos after their children become independent, according to local real estate agents.

Since Santa Monica is already in a high price range overall, it would be helpful to decide in advance whether to aim for top-tier areas like North of Montana or choose relatively more affordable areas in the southern part of the city based on budget.