
Venice, California 90291
This Architectural New Construction is a Strong Value Opportunity, listed at $4,295,000—positioned well below the $4,574,642 Fair Market Value by 6%. This valuation gap offers $279,642 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this residence offers a designer chef's kitchen, a private pool, and unobstructed park views. Its bold, modern aesthetic and prime Venice location make it an ideal sanctuary for Luxury Homeowners or Discerning Investors seeking a turnkey, high-end asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1500 Louella Avenue Subject 5 bd · 5 ba · 3,817 sqft · $1,198 | $4,295,000* List Price | 5 | 5 | 3,817 | $1,198 | - |
A 1016 Palms Boulevard Sold 4 bd · 5 ba · 3,655 sqft · $903 · 0.6 mi | $3,300,000 | 4 | 5 | 3,655 | $903 | 0.6 mi |
B 2040 Glencoe Avenue Sold 4 bd · 5 ba · 3,800 sqft · $1,237 · 0.5 mi | $4,700,000 | 4 | 5 | 3,800 | $1,237 | 0.5 mi |
C 2026 Louella Avenue Sold 4 bd · 5 ba · 3,400 sqft · $1,162 · 0.4 mi | $3,950,000 | 4 | 5 | 3,400 | $1,162 | 0.4 mi |
D 1531 Louella Avenue Sold 3 bd · 4 ba · 3,209 sqft · $1,215 · 0.1 mi | $3,900,000 | 3 | 4 | 3,209 | $1,215 | 0.1 mi |
E 752 Palms Boulevard Sold 4 bd · 5 ba · 3,419 sqft · $1,304 · 0.9 mi | $4,460,000 | 4 | 5 | 3,419 | $1,304 | 0.9 mi |
F 2214 Glencoe Avenue Sold 5 bd · 5 ba · 2,785 sqft · $1,346 · 0.6 mi | $3,750,000 | 5 | 5 | 2,785 | $1,346 | 0.6 mi |
G 1531 Glencoe Avenue Active 3 bd · 5 ba · 3,240 sqft · $1,204 · 0.1 mi | $3,900,000 List Price | 3 | 5 | 3,240 | $1,204 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new 2026 construction in mint condition. It features a designer chef's kitchen with bespoke cabinetry and stone surfaces, spa-inspired bathrooms, and new high-efficiency systems. As a new build, it requires zero maintenance and meets the highest modern luxury standards.
Situated directly above Penmar Park, the property offers rare, unobstructed views of lush fairways and green space, providing a sense of openness and tranquility seldom found in dense Venice neighborhoods.
As a 2026 custom build, 'Penmar Noir' features a bold, modern aesthetic with high-end bespoke finishes, a designer chef’s kitchen, and a seamless indoor-outdoor flow designed for contemporary luxury living.
The residence includes a private courtyard with a sparkling pool and curated entertaining spaces, offering a secluded, high-end oasis that is highly desirable for the Southern California 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.
At a $4.295M price point, the lot size of under 6,000 square feet may be perceived as restrictive for buyers seeking more expansive private grounds or traditional backyard space.
The dramatic black exterior and bold architectural statement of Penmar Noir may limit its appeal to a specific subset of buyers, potentially excluding those preferring traditional or light coastal designs.
Perched above the lush fairways and open green space of Penmar Park, Penmar Noir, a New Construction, 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 | 2.4 |
| Square foot | 3,817 | 1,674.03 |
| Lot Size | 5,963 | 4,310.258 |
| Price | $4.29M | $2.32M |
| Price per sq ft | $1.1K | $1.4K |
| Built year | 2026 | 1944 |
| HOA | $0 | $401 |
| Days on market | 23 | 61 |
Oct 1, 2026
$4,295,000
Initial Listing
Mar 3, 2025
$1,625,000
Public Record