$1,545,000
SOLD DEC 4, 2024
1 Bed
1.5 Baths
994 Sq Ft
1,330 Sq Ft Lot

Recently Sold

$1,554 Per Sq Ft

69 Days on Market

Highlights

  • New Construction
  • Gourmet Kitchen
  • Skyline View
  • Venice High School Rated A
  • Gated Community
  • Wood Flooring

About This Home

As of December 2024

Secluded behind lush landscaping, architectural steel and concrete walls lies an idyllic blend of modern design and carefully curated materials at The Penmar Palms. Built to the highest standards (architectural design by Julie Hart), this collection of seven elegant courtyard residences reimagines the Venice bungalow. A skylit living area, awash with natural light, is complemented by European oak floors throughout. A gourmet kitchen boasts Wolf and Sub-Zero appliances, while a powder room adorned with Kelly Wearstler tile seamlessly connects to the kitchen. Upstairs, a vaulted ceiling primary bedroom and a spa-like bathroom, rivaling the finest hotels in the world, features flamed granite floors, a marble shower, and a Toto Neorest toilet. Envisioned for comfort, security, and entertainment; each home is equipped with Control4 home automation and advanced audio/visual systems. Unwind in the tranquil courtyard, an oasis of native California plants, soothing fountains, and privacy from the outside world. A versatile detached flex space offers many possibilities; from a home office to a creative studio or a dedicated garage (EV supported). The Penmar Palms is a rare offering of Venice bungalows built to high-end luxury standards, iconic in every way. (Photos are of similar unit)

Last Agent to Sell the Property

Aaron Kirman

Christie's International Real Estate SoCal License #01296524 Listed on: 08/21/2024

Christie's International Real Estate SoCal

Co-Listed By

Mark Schonfeld

Christie's International Real Estate SoCal License #01956387

Last Buyer's Agent

Alexis Gallardo

Compass License #01924003

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,890

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 1,330 Sq Ft Lot
  • East Facing Home
  • Gated Home

HOA Fees

  • $401 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • Skyline
  • Hills

Home Design

  • Turnkey

Interior Spaces

  • 994 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Wired For Sound
  • High Ceiling
  • Double Pane Windows
  • Wood Flooring
  • Fire Sprinkler System

Kitchen

  • Gourmet Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Upper Level Bedrooms

Laundry

  • Laundry closet
  • Stacked Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

Security

  • Card or Code Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,890

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$401 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 994
  • Planned Urban Dev: 0
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2023
  • Builders Tract Name: The Penmar Palms
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Turnkey, Wet Bar, Pre-wired for surround sound, High Ceilings (9 Feet+)
  • Flooring: Wood
  • Appliances: Range, Range Hood, Cooktop - Gas, Oven-Gas
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Bedroom Features: All Bedrooms Up
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Quartz Counters, Open to Family Room
  • Laundry: Laundry Closet Stacked
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Microwave, Refrigerator, Range/Oven, Garbage Disposal, Stackable W/D Hookup
  • Price Per S Q F T: 1554.33
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Other Features: High Ceilings (9 Feet+)
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Hills, Tree Top, Skyline
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Garage - 1 Car, Garage Is Detached
  • Total Parking: 1

Utilities

  • Water Heater: Tankless, Instant Hot Water
  • Cooling: Central
  • Heating: Central
  • Security: Gated, Card/Code Access, Fire and Smoke Detection System, Fire Sprinklers
  • Water: Public

Association/Amenities

  • Amenities: Controlled Access, Gated Community

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 401.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Lot Description: Gated Community
  • Lot Size Area: 1330

Multi Family

  • Number Of Units: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Nov 30, 2024
Sold by
1169 Palms Llc
Bought by
Ungless Derek
Seller's Agent
Aaron Kirman
Christie's International Real Estate SoCal
Buyer's Agent
Alexis Gallardo
Compass
List Price
$1,545,000
Sold Price
$1,545,000
Views
30
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,545,000 Fidelity National Title
Grant Deed $6,320,454 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $6,475,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2024 12/04/24 Sold $1,545,000 0.0% $1,554 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $1,545,000 -- $1,554 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,890 $490,046 $261,995 $228,051
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-430227

The MLS

APN: 4243-002-075