
Venice, California 90291
Analysis of 649 Palms Boulevard, Venice, California 90291 is currently available with a list price of $16,500,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While originally built in 1912, the property has undergone a comprehensive, high-end restoration and reimagining by Electric Bowery within the last 5 years. The images confirm mint-condition finishes, bespoke millwork, modern designer kitchen fixtures, and pristine systems/landscaping, meeting the criteria for a recent top-tier renovation.
Situated on an exceptionally rare double lot for Venice, this estate features four detached structures that offer unparalleled scale and versatility for multigenerational living, guest housing, or creative studio space.
Reimagined by the award-winning Electric Bowery, the property seamlessly blends 1912 Craftsman heritage with high-end modern design, featuring bespoke millwork, custom stained glass, and premium finishes.
Located on one of Venice's most desirable streets, the property is just moments from the world-class shopping and dining of Abbot Kinney Boulevard, providing a premier walkable lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10798, other record lot size in square feet = 5400. Living area discrepancy between mls listing and other public or private record. mls listing living area = 6719, other record living area = 2601. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 6.
The listing price of $16.5 million represents a significant premium compared to its 2021 sale price of $7.27 million, which may lead to appraisal challenges or a narrower pool of qualified buyers.
Managing four separate detached structures and expansive landscaped grounds requires more intensive upkeep and higher operational costs than a standard single-family residence.
Welcome to the Venice Compound (649 & 637 Palms Blvd), a charming restored Craftsman property thoughtfully reimagined by award-winning designer and architects Electric Bowery. Set on an exceptionally rare double lot along one of Venice Beach's most desirable streets, just moments from Abbot Kinney's celebrated shops and restaurants, the property represents a compelling convergence of design pedigree, scale, and location. More than a home, the property offers a rare and thoughtfully composed living experience defined by architectural character, privacy, and an exceptional connection to its surroundings. Comprising four detached structures set across expansive, landscaped grounds, the estate unfolds with a level of scale, versatility, and indoor-outdoor flow rarely found in Venice. The layout is carefully orchestrated to balance privacy with versatility, allowing each structure to function independently while remaining cohesively connected. Well suited for multigenerational living, guest accommodations, creative studios, or wellness spaces, the property offers a level of flexibility and livability that is both refined and highly functional. Layered outdoor courtyards unfold throughout the property, framed by lush, drought-tolerant landscaping and a series of inviting gathering spaces. Designed to accommodate both relaxed daily living and larger-scale entertaining, the grounds feel intimate yet expansive, with a natural sense of flow between each setting. Architectural details including cedar shake siding, custom stained glass, bespoke millwork, and thoughtfully curated finishes pay homage to the integrity of the original Craftsman design, while subtly refining it for a more elevated, modern way of living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 3.0 | 99% |
| Baths | 6.0 | 3.0 | 94% |
| Square foot | 6,719 | 1,897 | 99% |
| Lot Size | 10,798 | 4,251 | 93% |
| Price | $16.50M | $2.31M | 99% |
| Price per sq ft | $2.5K | $1.3K | 96% |
| Built year | 1912 | 1947 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 166 | 1% |
May 7, 2026
$16,500,000
Initial Listing
May 19, 2021
$7,274,000
Public Record
Feb 19, 2014
$2,150,000
Public Record
Aug 5, 2003
$994,000
Public Record
Dec 4, 1998
$329,000
Public Record