1813 Penmar, Venice, California 90291, Venice, 90291 - 1 bed, 2 bath

1813 Penmar, Venice, California 90291 home-pic-0
ACTIVE$1,545,000
1813 Penmar, Venice, California 90291
1Bed
2Baths
978Sqft
1,342Lot
Year Built
Close
-
List price
$1.54M
Original List price
$1.65M
Price/Sqft
$1,580
HOA
$401
Days on market
-
Sold On
-
MLS number
25478423
Home ConditionExcellent
Features
Good View: Hills, Mountain(s)
Deck
ViewHills, Mountain(s)

About this home

Fairly Priced:The estimated price is in line with the list price. We found 4 Cons,5 Pros. Rank: price - $1.54M(7th), sqft - 978(12th), beds - 1(2th), baths - 2(37th).

Introducing The Penmar Palms, a distinguished collection of seven architectural courtyard residences in Venice. These two-story homes redefine California living, blending Nordic and American design influences with the finest materials and sophisticated finishes. Upon entry, you're greeted by a light-filled, skylit living area, enhanced by rich European Oak floors throughout. The chef's kitchen is a culinary masterpiece, featuring premium Wolf and Sub-Zero appliances and a wine fridge, while a stylish powder room with Kelly Wearstler tile provides a tasteful touch next to the kitchen. Upstairs, the master suite offers a vaulted ceiling that creates an open, airy feel, leading to a luxurious bathroom with flamed granite floors, a skylit marble shower, a Toto Neorest toilet, a Kohler soaking tub with digital controls, and a Carrara marble vanity. Every home is equipped with cutting-edge Control4 home automation and a fully integrated sound system with speakers and 5.1 stereo surround, Cat6 wiring, fiber internet/cable ready, designed for ultimate comfort, security, and entertainment. At the heart of the property, a serene garden courtyard offers a peaceful escape, adorned with California native pollinator plants, fountains, and inviting benches. Each home also includes a ~189 SF detached flex space, featuring 18-foot ceilings, two skylights, and soundproofed walls perfect for a home office, creative studio, or garage with EV charging already wired. Alarm system ready. Situated just moments from the vibrant Abbot Kinney and Venice Beach, these thoughtfully crafted residences provide an extraordinary living experience in one of Southern California's most desirable locales.

Condition Rating
Excellent

This property is described as part of a newly introduced collection of architectural residences, strongly implying new construction or very recent completion (likely built in 2023/2024 based on comparative listings). The description highlights 'finest materials and sophisticated finishes,' including 'rich European Oak floors throughout,' a 'chef's kitchen' with 'premium Wolf and Sub-Zero appliances and a wine fridge,' and a 'luxurious bathroom' featuring 'flamed granite floors, a skylit marble shower, a Toto Neorest toilet, a Kohler soaking tub with digital controls, and a Carrara marble vanity.' Furthermore, it boasts 'cutting-edge Control4 home automation' and pre-wired EV charging, indicating all components are new, meet current quality standards, and show no signs of deferred maintenance or depreciation. This perfectly aligns with the 'Excellent' condition criteria.
Pros & Cons

Pros

Luxury Finishes & Appliances: The residence boasts premium Wolf and Sub-Zero kitchen appliances, a wine fridge, European Oak floors, and luxurious bathroom finishes including flamed granite, a skylit marble shower, Toto Neorest toilet, Kohler soaking tub, and Carrara marble vanity.
Advanced Smart Home Technology: Equipped with cutting-edge Control4 home automation, a fully integrated 5.1 stereo surround sound system, Cat6 wiring, and fiber internet/cable readiness, offering ultimate comfort and entertainment.
Versatile Detached Flex Space: Includes a ~189 SF detached flex space with 18-foot ceilings, two skylights, soundproofed walls, and pre-wired EV charging, ideal for a home office, studio, or garage.
Prime Venice Location: Strategically located just moments from the vibrant Abbot Kinney Boulevard and Venice Beach, offering access to a highly desirable Southern California lifestyle.
Architectural Design & Courtyard Living: Part of a distinguished collection of architectural courtyard residences blending Nordic and American design, featuring a serene garden courtyard with native plants and fountains, enhancing community and tranquility.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1342, living area = 978.
Compact Size & Limited Bedrooms: With only 1 bedroom and 978 sqft, the property's size may limit its appeal to a broader market, especially for families or those requiring more space.
High Association Fee: A monthly association fee of $401.0 adds a significant recurring cost, which could be a deterrent for some buyers given the property's size.
Recent Price Reduction: The property has undergone a price reduction from $1,645,000 to $1,545,000, which may suggest initial overpricing or market resistance.

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