1821 Penmar, Venice, California 90291, Venice, 90291 - 1 bed, 2 bath

1821 Penmar, Venice, California 90291 home-pic-0
ACTIVE$1,435,000
1821 Penmar, Venice, California 90291
1Bed
2Baths
994Sqft
1,330Lot
Year Built
2023
Close
-
List price
$1.44M
Original List price
$1.5M
Price/Sqft
$1,444
HOA
$401
Days on market
-
Sold On
-
MLS number
25479824
Home ConditionExcellent
Features
Deck
Patio
ViewHills, Mountain(s)

About this home

We found 4 Cons,5 Pros. Rank: price - $1.44M(3th), sqft - 994(13th), 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, skylit marble shower with digital controls and speakers, and a caeserstone 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 was built in 2023, making it brand new construction. The description highlights 'finest materials and sophisticated finishes,' a 'chef's kitchen' with premium Wolf and Sub-Zero appliances, and a 'luxurious bathroom' featuring flamed granite floors, a skylit marble shower with digital controls, and a Toto Neorest toilet. European Oak floors are present throughout, and the home is equipped with cutting-edge Control4 home automation and integrated sound systems. All components are new, meeting the highest current quality standards with no deferred maintenance, perfectly aligning with an 'excellent' condition rating.
Pros & Cons

Pros

Brand New Construction & Architectural Design: Built in 2023, this residence is part of a distinguished collection of seven architectural courtyard homes, showcasing modern Nordic and American design influences with sophisticated finishes.
Premium Finishes & Appliances: The property boasts high-end features including Wolf and Sub-Zero kitchen appliances, European Oak floors, Kelly Wearstler tile, and a luxurious master bathroom with flamed granite, a skylit marble shower with digital controls, and a Toto Neorest toilet.
Advanced Smart Home Integration: Equipped with cutting-edge Control4 home automation, a fully integrated sound system with 5.1 stereo surround, Cat6 wiring, and fiber internet/cable readiness, offering ultimate comfort and entertainment.
Versatile Detached Flex Space: A ~189 SF detached flex space with 18-foot ceilings, two skylights, soundproofed walls, and pre-wired EV charging provides exceptional utility as a home office, creative studio, or garage.
Prime Venice Location: Situated just moments from the vibrant Abbot Kinney Boulevard and Venice Beach, offering access to a highly desirable lifestyle, dining, and entertainment.

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 = 1330, living area = 994.
Compact Living Space & Limited Bedrooms: With only 994 sqft and 1 bedroom, the property offers a compact living arrangement that may appeal to a niche market, potentially limiting its broad buyer appeal.
Significant Association Fee: A monthly association fee of $401 adds a notable recurring cost, which might be higher than expected for a property categorized as a 'Single Family Residence' (even within a collection).
Recent Price Reduction: The property has undergone a $60,000 price reduction from its original list price, which could indicate initial overpricing or a need to attract more buyer interest.

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