821 Glenmere Way, Los Angeles, California 90049, Los Angeles, 90049 - 6 bed, 9 bath
ACTIVE$17,995,000
821 Glenmere Way, Los Angeles, California 90049
6Beds
9Baths
9,738Sqft
16,399Lot
Price Vs. Estimate
The estimated value ($15,593,957.92) is $2,401,042.08 (13%) lower than the list price ($17,995,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Top Cons:
Premium Price Point Relative to Estimated Value: The listing price of $17.995M is significantly higher than the estimated property value of $15.59M, indicating a substantial premium for the RTI status and future build, which may require strong justification to potential buyers.
Compared to the nearby listings
Price:$18.00M vs avg $3.95M (+$14,045,000)96%
Size:9,738 sqft vs avg 3,353 sqft97%
Price/sqft:$1.8K vs avg $1.3K87%
More Insights
Built in 2024 (1 years old).
Condition: This listing is for a new construction opportunity with a proposed build year of 2024. The property comes with fully approved plans and permits for a 9,738 sqft architectural masterpiece, with construction set to begin immediately. The description emphasizes 'every luxury in mind' and 'highest standards of design and sophistication,' indicating that upon completion, all components, including the kitchen and bathrooms, will be brand new, state-of-the-art, and of the highest quality, meeting current standards with no depreciation. The provided images are renderings of the proposed modern design, further supporting the expectation of an 'excellent' condition upon completion.
Year Built
2024
Close
-
List price
$18M
Original List price
$18M
Price/Sqft
$1,848
HOA
-
Days on market
-
Sold On
-
MLS number
25548425
Home ConditionExcellent
Features
Excellent View: City Lights, Park/Greenbelt
Deck
Pool
ViewCity Lights,Park/Greenbelt
About this home
A premier opportunity to craft a world-class estate in the heart of Brentwood's most coveted enclave, north of Sunset. Set at the end of a quiet cul-de-sac on an expansive 16,500-square-foot lot with panoramic ocean views, this RTI (Ready to Issue) property comes with fully approved plans and permits pulledconstruction is set to begin immediately.Skip the years-long wait for entitlements and step into a seamless process where you can bring your vision to life in collaboration with a top-tier developer. The proposed 9,738-square-foot architectural masterpiece is designed with every luxury in mind: 6 bedrooms, 9 bathrooms, a full-scale movie theater, wellness spa with sauna and gym, an expansive rooftop deck for entertaining, and a show-stopping 9-car garage featuring a turntable for effortless entry and exit.This is more than a homeit's a curated lifestyle experience, tailored to the highest standards of design and sophistication. Situated in the prestigious Kenter Canyon School District, this offering combines architectural excellence, scale, and location in a way rarely seen on the Westside.
Nearby schools
5/10
Brentwood Science School
Public,•K-5•1.8mi
9/10
Franklin Elementary School
Public,•PK-5•2.3mi
5/10
Brockton Avenue Elementary School
Public,•K-5•2.6mi
7/10
Nora Sterry Elementary School
Public,•K-5•3.2mi
9/10
Warner Avenue Elementary School
Public,•K-5•3.4mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•3.6mi
9/10
Roscomare Road Elementary School
Public,•K-5•3.7mi
8/10
Lanai Road Elementary School
Public,•K-5•5.3mi
8/10
Lincoln Middle School
Public,•6-8•3.0mi
6/10
Gaspar De Portola Middle School
Public,•6-8•7.1mi
5/10
William Mulholland Middle School
Public,•6-8•8.2mi
6/10
University Senior High School
Public,•9-12•2.6mi
6/10
University Senior High School Charter
Public,•9-12•2.6mi
8/10
Santa Monica High School
Public,•9-12•4.2mi
6/10
Van Nuys Senior High School
Public,•9-12•8.4mi
Price History
Date
Event
Price
06/30/21
Sold
$3,075,000
Condition Rating
Excellent
This listing is for a new construction opportunity with a proposed build year of 2024. The property comes with fully approved plans and permits for a 9,738 sqft architectural masterpiece, with construction set to begin immediately. The description emphasizes 'every luxury in mind' and 'highest standards of design and sophistication,' indicating that upon completion, all components, including the kitchen and bathrooms, will be brand new, state-of-the-art, and of the highest quality, meeting current standards with no depreciation. The provided images are renderings of the proposed modern design, further supporting the expectation of an 'excellent' condition upon completion.
Pros & Cons
Pros
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Prime Location & Exclusivity: Situated in the heart of Brentwood's most coveted enclave, north of Sunset, at the end of a quiet cul-de-sac, offering unparalleled privacy and prestige within the Kenter Canyon School District.
Panoramic Ocean Views: The property boasts panoramic ocean views, complemented by city lights and park/greenbelt vistas, a highly sought-after and value-adding feature in Los Angeles.
RTI Status & Expedited Development: Comes with fully approved plans and permits (RTI - Ready to Issue), allowing construction to begin immediately and saving the buyer years of entitlement processes and associated uncertainties.
Proposed Luxury Amenities & Scale: Designed as a 9,738 sqft architectural masterpiece with 6 beds, 9 baths, a movie theater, wellness spa, expansive rooftop deck, and a 9-car garage with a turntable, promising a curated, high-end lifestyle.
New Construction & Customization Opportunity: As a new build (2024), it offers the opportunity to collaborate with a top-tier developer to bring a custom vision to life, ensuring a state-of-the-art residence tailored to the highest standards.
Cons
Premium Price Point Relative to Estimated Value: The listing price of $17.995M is significantly higher than the estimated property value of $15.59M, indicating a substantial premium for the RTI status and future build, which may require strong justification to potential buyers.
Future Construction & Waiting Period: Despite approved plans, the property is a development opportunity, meaning buyers will need to wait for construction completion before occupancy, which may not suit those seeking an immediate move-in.
Dependency on Developer Execution: While a 'top-tier developer' is mentioned, the ultimate quality, timeline, and realization of the 'architectural masterpiece' vision are dependent on the developer's execution during the construction phase.