
Venice, California 90291
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $4,250,000—positioned well below the $4,361,235 Fair Market Value by 2%. This valuation gap offers $111,235 in Instant Equity. Featuring a Gourmet Chef's Kitchen and Resort-Style Outdoor Living with a pool, the home maintains a Condition Rating of 3. While unpermitted additions require attention, the property’s expansive layout and mountain views offer significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 633 Santa Clara Avenue Subject 3 bd · 2 ba · 5,224 sqft · $835 | $4,250,000* List Price | 3 | 2 | 5,224 | $835 | - |
A 2324 Boone Avenue Sold 4 bd · 4 ba · 3,911 sqft · $965 · 0.6 mi | $3,775,000 | 4 | 4 | 3,911 | $965 | 0.6 mi |
B 1016 Palms Boulevard Sold 4 bd · 5 ba · 3,655 sqft · $903 · 0.5 mi | $3,300,000 | 4 | 5 | 3,655 | $903 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 2002 (22 years old), the property is in mint, move-in ready condition. The chef's kitchen features high-end Wolf and Sub-Zero appliances with modern cabinetry and skylights, indicating a significant renovation within the 5-15 year range. The interior finishes, including the concrete and light wood flooring, are well-maintained, though the mention of unpermitted enclosures prevents an 'Excellent' rating.
The estate features a high-end kitchen equipped with premier Wolf, Sub-Zero, and ASKO appliances, complemented by a full catering kitchen and butler's pantry for seamless entertaining.
The property offers a private sanctuary with a shimmering pool, a fully appointed BBQ pavilion, and tranquil Zen pathways set against sweeping canyon and mountain vistas.
Infused with an 'Old Hollywood' sensibility, the home boasts refined custom millwork, elegant ceiling treatments, and a dramatic floor-to-ceiling fireplace that enhances its luxury appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5224, other record living area = 3200. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
The dining room and sunroom were enclosed without permits, which may pose challenges for financing, appraisals, and future building compliance.
Despite the large 5,224 square foot floor plan, the official record shows only two bathrooms, which is a low ratio for a luxury estate at this price point.
Set on a tree-lined street minutes from Abbot Kinney Boulevard, this distinctive Venice residence pairs the scale of a New York loft with warm interiors and generous outdoor living. Spanning approximately 5,260 square feet of living space, according to private measurement, the home unfolds across multiple levels, with soaring ceilings, oversized windows and expansive spaces for entertaining and everyday living. An air conditioning system now provides added comfort to the top floor.A landscaped entry framed by bamboo and mature greenery leads to the dramatic main level, where 17-foot ceilings, concrete floors and towering windows establish the home's loft character. A sculptural staircase rises through the open living space, while adjoining lounge and recreation areas accommodate intimate gatherings and larger celebrations. Broad white walls provide a striking backdrop for art, with a custom projector system offering an additional element for entertaining.The mezzanine level includes two bedrooms and a shared bathroom, complemented by built-in storage. Above, the sunlit top floor brings together the kitchen, dining area and additional living space. Pale wood floors, skylights and expansive windows create a warm, airy setting overlooking the surrounding trees. The kitchen features commercial-grade appliances, white cabinetry, open shelving and a substantial wood-topped island with breakfast seating. An adjacent dining area offers ample room to gather, while a terrace alongside the kitchen provides another setting for outdoor dining.The expansive primary retreat features built-in shelving and a fireplace sitting area. Wide glass doors open to a generous terrace with room for dining and lounging.With its dramatic volume, flexible gathering spaces and inviting outdoor terraces, this architectural home offers a distinctive expression of Venice living, close to Abbot Kinney's boutiques, restaurants and galleries.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.4 |
| Square foot | 5,224 | 1,674.03 |
| Lot Size | 5,178 | 4,310.258 |
| Price | $4.25M | $2.32M |
| Price per sq ft | $814 | $1.4K |
| Built year | 2002 | 1944 |
| HOA | $0 | $401 |
| Days on market | 16 | 61 |
Oct 8, 2026
$4,250,000
Initial Listing
Apr 11, 2014
$2,300,023
Public Record