1385 Palms Boulevard, Venice, California 90291, Venice, 90291 - 5 bed, 6 bath
1385 Palms Boulevard
Venice, California 90291
Property Price
SUMMARY
Analysis of 1385 Palms Boulevard, Venice, California 90291 reveals a Fairly Priced Property with a current list price of $5,350,000 aligned with the estimated $5,350,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1385 Palms Boulevard Subject | $5,350,000* List Price | 5 | 6 | 4,012 | $1,333 | - |
A 2307 Louella Avenue Sold | $4,600,000 | 6 | 6 | 4,070 | $1,130 | 0.4 mi |
B 2115 Walnut Avenue Active | $4,599,000 List Price | 5 | 6 | 3,870 | $1,188 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2016, this property is practically new and features a modern luxury design throughout. The kitchen boasts custom wood cabinetry, high-end integrated appliances, and contemporary concrete countertops. Bathrooms are lavish with vessel sinks, modern vanities, glass-enclosed showers, and a freestanding tub in the primary suite. Flooring is a mix of pristine oak hardwood and polished concrete. All systems, finishes, and features are current, high-quality, and show no signs of wear or deferred maintenance, aligning perfectly with 'Excellent' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Architectural Design & Finishes
Built in 2016, this estate boasts a modern design with seamless indoor-outdoor living, high ceilings, expansive windows, and elegant finishes including concrete and oak flooring, plastered walls, and custom cabinetry.
- Resort-Style Outdoor Living
The property features a heated in-ground pool and spa, a fire pit, and a barbecue area, creating an ideal environment for relaxation and entertaining in true California style.
- Prime Venice Location
Situated in a vibrant Venice neighborhood, the home offers convenient access to dining, attractions, and entertainment, blending indulgence with urban convenience.
CONSRISKS & DEFICIENCIES
- Significant Price Reductions
Multiple price drops from the initial listing price (from $5.92M to $5.35M) may indicate potential overpricing or market resistance, which could impact buyer perception and negotiation.
- Potential for High Operating Costs
The extensive luxury amenities, including a heated pool, spa, and high-end finishes, suggest substantial ongoing maintenance, utility, and insurance expenses.
- Limited Traditional Yard Space
While outdoor amenities are abundant, the focus on pool, spa, and barbecue areas may mean less traditional green space, which could be a drawback for buyers preferring a larger grassy yard.
About 1385 Palms Boulevard
This stunning Venice estate masterfully combines the perfect balance of modern luxury, comfort and privacy. Built in 2016, this spacious home was designed for seamless indoor-outdoor living, featuring high ceilings, expansive windows, and floor-to-ceiling sliding glass doors that welcome the exterior spaces and fill the home with natural light. Elegant finishes, including concrete and oak flooring, plastered walls, and custom cabinetry, add to the sophisticated ambiance. The primary suite is a private retreat with a walk-in closet, a lavish bathroom, and its own private deck. Outside, enjoy California living at its finest with a heated in-ground pool and spa, a fire pit, and a barbecue area, perfect for relaxation and entertaining. There are three additional generously-sized bedrooms, each with their own en-suite bathroom. The home also features a two-car detached garage and modern security features. A guesthouse with its own bath and private deck above the garage offers additional space for living, work, or leisure. Situated in the vibrant Venice neighborhood, close to dining, attractions, and entertainment, this home is ultimate blend of indulgence and convenience.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2016
- Lot Size
- 8,174 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 6.0 | 3.0 | 96% |
| Square foot | 4,012 | 1,779 | 95% |
| Lot Size | 8,174 | 4,296 | 94% |
| Price | $5.35M | $2.45M | 99% |
| Price per sq ft | $1.3K | $1.3K | 54% |
| Built year | 2016 | 1947 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 123 | 162 | 29% |
Pricing History
Listed for Sale
Feb 3, 2026
$5,350,000
$5,650,000
-5% Price Drop
Initial Listing
Price Change
Jan 3, 2026
$5,650,000
$5,750,000
-2% Price Drop
Initial Listing
Price Change
Dec 12, 2025
$5,750,000
$5,920,000
-3% Price Drop
Initial Listing
Price Change
Nov 3, 2025
$5,920,000
Initial Listing
Sold
Jul 24, 2024
$4,671,000
Public Record
Sold
Oct 25, 2016
$3,625,000
Public Record
Sold
Apr 17, 2015
$1,150,000
Public Record
Sold
Oct 21, 1993
$157,500
Public Record