
Venice, California 90291
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $4,550,000—positioned well below the $4,811,479 Fair Market Value by 5%. This valuation gap offers $261,479 in Instant Equity for the buyer. Featuring a designer chef's kitchen, sparkling pool, and picturesque park views, the property boasts a Mint Condition Rating requiring zero maintenance. Its bold architectural design and prime Venice location offer a rare lifestyle. This is an ideal acquisition for discerning luxury buyers or owner-occupants seeking a sophisticated, turnkey coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1500 Louella Avenue Subject | $4,550,000* List Price | 5 | 5 | 3,817 | $1,215 | - |
A 2115 Walnut Avenue Sold | $4,350,000 | 5 | 6 | 3,870 | $1,124 | 0.5 mi |
B 2026 Louella Avenue Sold | $3,950,000 | 4 | 5 | 3,400 | $1,162 | 0.4 mi |
C 1531 Louella Avenue Sold | $3,900,000 | 3 | 4 | 3,209 | $1,215 | 0.1 mi |
D 752 Palms Boulevard Sold | $4,460,000 | 4 | 5 | 3,419 | $1,304 | 0.9 mi |
E 1385 Palms Boulevard Sold | $5,154,825 | 5 | 6 | 4,012 | $1,285 | 0.3 mi |
F 2000 Walnut Avenue Sold | $3,515,000 | 4 | 4 | 2,941 | $1,195 | 0.4 mi |
G 1000 Indiana Court Sold | $3,435,000 | 4 | 5 | 2,686 | $1,279 | 0.4 mi |
H 2214 Glencoe Avenue Sold | $3,750,000 | 4 | 4 | 2,785 | $1,346 | 0.6 mi |
I 1016 Palms Boulevard Active | $3,499,000 List Price | 4 | 5 | 3,655 | $957 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new 2026 custom construction in mint condition. It features a designer chef's kitchen with premium appliances, spa-inspired bathrooms, and entirely new HVAC and electrical systems, requiring zero maintenance.
As a brand-new 2026 custom build, 'Penmar Noir' offers a bold and sophisticated aesthetic with bespoke finishes and a dramatic black exterior that stands out in the Venice luxury market.
The property is uniquely positioned overlooking the lush fairways of Penmar Park, providing rare unobstructed green views and a sense of openness that is highly coveted in a dense urban coastal setting.
Expansive walls of glass and a resort-style courtyard with a sparkling pool create a perfect environment for entertaining, blending high-end interior craftsmanship with the quintessential California outdoor lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3817, other record living area = 1050. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The dramatic and bold 'Noir' architectural theme may be too specific for some buyers, potentially narrowing the pool of interested parties compared to more traditional contemporary designs.
With a 6,002 square foot lot supporting a large 3,817 square foot home plus a pool, the remaining private yard space is relatively compact for a property at this $4.55M price point.
Perched above the lush fairways and open green space of Penmar Park, Penmar Noir is a bold architectural statement that redefines modern luxury in the heart of Venice. Wrapped in a dramatic black exterior, this custom-designed five-bedroom, five-bathroom residence commands attention while offering a rare sense of sophistication. Every inch of the home has been meticulously crafted with bespoke finishes and uncompromising attention to detail. Expansive walls of glass flood the interiors with natural light and frame picturesque park views, while seamlessly connecting indoor and outdoor living spaces. The open-concept floor plan is anchored by a designer chef's kitchen featuring custom cabinetry, premium appliances, and handcrafted stone surfaces that blend functionality with refined elegance. The luxurious primary suite serves as a private retreat, complete with a spa-inspired bathroom, oversized walk-in closet, and tranquil views overlooking Penmar's iconic greenery. Four additional bedrooms offer exceptional comfort and flexibility for family, guests, or work-from-home living. Outside, a resort-style courtyard awaits. A sparkling pool and curated outdoor entertaining spaces create the perfect setting for sun-soaked afternoons, al fresco dining, and unforgettable evenings under the stars. Mature landscaping enhances the sense of seclusion while complementing the home's striking contemporary architecture. Located moments from Venice's renowned beaches, Abbot Kinney, Rose Avenue, and some of the Westside's finest dining and shopping, Penmar Noir offers a rare opportunity to own a truly one-of-a-kind custom residence where architectural design, luxury craftsmanship, and an unparalleled location come together effortlessly.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,817 | 1,496 |
| Lot Size | 6,002 | 5,391 |
| Price | $4.55M | $2.33M |
| Price per sq ft | $1.2K | $1.3K |
| Built year | 2026 | 1942 |
| HOA | $0 | $0 |
| Days on market | 41 | 64 |
Jun 11, 2026
$4,550,000
Initial Listing
Mar 3, 2025
$1,625,000
Public Record