NOT LISTED FOR SALE

Estimated Value: $4,312,405

5 Beds
4.5 Baths
3,594 Sq Ft
$1,200/Sq Ft Est. Value

Sale Details

Date Sold: August 7, 2025

Last sale price $4,941,351 $1,375 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $27,763 / mo

9 Days on Market

Highlights

  • Guest House
  • Gated Parking
  • Wood Flooring
  • Venice High School Rated A
  • Den with Fireplace
  • Modern Architecture

About This Home

As of August 2025

**A rare double lot compound priced to sell** Perfectly positioned west of Abbot Kinney, the Venice Canals, and just moments from the ocean, 524 Rialto is a modern architectural sanctuary situated on one of Venice's most coveted streets. Privately hedged, gated, and secure, this rare double-lot compound offers nearly 3,600 square feet of impeccably designed living space, blending contemporary sophistication with relaxed coastal charm.The main residence features soaring ceilings, dramatic scale, and a loft-inspired open layout bathed in natural light. Walls of glass blur the lines between indoors and out, creating a seamless connection to the lush surroundings. The heart of the home is a sun-drenched living room anchored by a fireplace, flowing into a sleek chef's kitchen with quartz waterfall countertops and top-of-the-line Miele appliances, complemented by a stylish dining area ideal for entertaining. The third level is dedicated to an expansive primary suite that exudes tranquility, complete with a private balcony, custom built-ins, and a luxurious spa-style bathroom featuring a steam shower, soaking tub, and dual vanities. A wraparound wellness deck with al fresco seating, a fireplace, and a private jacuzzi, accessible directly from the primary bath creates an unparalleled indoor-outdoor retreat. The second level houses two additional bedrooms with a shared designer bathroom, consistent in finish and detail. A detached guest house (ADU) offers full autonomy with its own kitchen, living room, bedroom, and bathroom, perfect for extended guests or short-term stays. Two additional structures on the property provide incredible versatility: one a fully equipped studio with bathroom, and the other a flexible-use space ideal for a gym, yoga studio, or creative office. Modern amenities include full Control4 smart home integration, a comprehensive security system, motorized shades, an outdoor foot wash, an attached two-car garage, plus gated rear parking for two additional vehicles and generous storage throughout. Designed for elevated yet effortless living, 524 Rialto is a rare Venice offering that epitomizes Southern California's iconic indoor-outdoor lifestyle.

Last Agent to Sell the Property

Bjorn Farrugia

Carolwood Estates License #01864250 Listed on: 04/17/2025

Carolwood Estates

Co-Listed By

Joaquin Padilla

Carolwood Estates License #02159127

Last Buyer's Agent

Alison Betts

Douglas Elliman of California, Inc. License #01392565

Douglas Elliman of California, Inc.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2009

Lot Details

  • 5,102 Sq Ft Lot
  • Property is zoned LARD1.5

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Gated Parking

Home Design

  • Modern Architecture

Interior Spaces

  • 3,594 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Decorative Fireplace
  • Dining Room
  • Den with Fireplace
  • 2 Fireplaces
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Patio
  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4238-016-029

Home Details

Home Type

Single Family

Year Built

Built in 2009

Lot Details

5,102 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 3594
  • Lot Acreage: 0.0586
  • Stories: 2
  • Year Built: 2009
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Decorative, Patio
  • Flooring: Mixed, Hardwood
  • Bedrooms: 5
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Total Bathrooms: 5.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Microwave, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1389.82

Exterior Features

  • Other Structures: GuestHouse, Other
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Garage - 2 Car, Gated
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4238-016-029
  • Lot Size Area: 5102

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2026
Sold by
Tmt Lss Rialto Llc
Bought by
Current Estimated Value
$4,312,405

Purchase Details

Listed on
Apr 17, 2025
Closed on
Jul 15, 2025
Sold by
M And K Stewart Living Trust and Raymond V Stewart Living Trust
Bought by
Tmt Lss Rialto Llc
Seller's Agent
Bjorn Farrugia
Carolwood Estates
Buyer's Agent
Alison Betts
Douglas Elliman of California, Inc.
List Price
$4,995,000
Sold Price
$4,941,351
Premium/Discount to List
-$53,649
-1.07%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.64%

Purchase Details

Closed on
Mar 6, 2025
Sold by
Union Home Loan Inc
Bought by
M And K Stewart Living Trust and Raymond V Stewart Living Trust

Purchase Details

Closed on
Feb 8, 2024
Sold by
Bay Street Capital Holdings Llc
Bought by
522 & 524 Rialto Ave Llc

Purchase Details

Listed on
May 25, 2018
Closed on
Jul 26, 2018
Sold by
Simons Jay and Simons Monique
Bought by
Simons Jay Norman and Simons Monique Shereen
Seller's Agent
John Ravenna
Compass
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$5,995,000
Sold Price
$5,500,000
Premium/Discount to List
-$495,000
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.92%
Original Mortgage
$3,500,000
Interest Rate
4.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 25, 2018
Closed on
Jun 19, 2018
Sold by
Heins Samuel and Mills Heins Stacey
Bought by
Simons Jay and Simons Monique
Seller's Agent
John Ravenna
Compass
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$5,995,000
Sold Price
$5,500,000
Premium/Discount to List
-$495,000
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
4.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 8, 2011
Sold by
Baginski John and Baginski Corinne
Bought by
Heins Samuel and Mills Heins Stacey

Purchase Details

Closed on
Mar 13, 2007
Sold by
Cenac Winston and The Island Boy Trust
Bought by
Baginski John and Baginski Corinne

Purchase Details

Closed on
Feb 17, 2005
Sold by
Trias Peter John and The Peter John Trias Trust
Bought by
Cenac Winston

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,562
Interest Rate
4.87%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 1, 2004
Sold by
Trias Peter
Bought by
Trias Peter John and Peter John Trias Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Venice, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Tmt Lss Rialto Llc $4,941,500 Fidelity - Sherman Oaks
M And K Stewart Living Trust $286,115 None Listed On Document
522 & 524 Rialto Ave Llc -- Accommodation/Courtesy Recordi
Simons Jay Norman -- Lawyers Title Insurance Comp
Simons Jay $5,500,000 Lawyers Title Company
Heins Samuel $2,500,025 Lawyers Title
Baginski John $860,000 Southland Title Company
Cenac Winston -- --
Cenac Winston $829,000 Southland Title Corporation
Trias Peter John -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $225,000
Previous Owner Simons Jay Norman $3,500,000
Previous Owner Baginski John $929,000
Previous Owner Cenac Winston $621,562
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2025 08/07/25 Sold $4,941,351 -1.1% $1,375 / Sq Ft
04/26/2025 04/26/25 Pending -- -- --
04/17/2025 04/17/25 For Sale $4,995,000 -11.6% $1,390 / Sq Ft
07/26/2022 07/26/22 Sold $5,650,000 +0.9% $1,662 / Sq Ft View Prior Sale
05/02/2022 05/02/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $5,600,000 +1.8% $1,647 / Sq Ft
07/05/2018 07/05/18 Sold $5,500,000 -8.3% $1,618 / Sq Ft View Prior Sale
06/11/2018 06/11/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $5,995,000 -- $1,763 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $41,009 $3,700,000 $1,100,000 $2,600,000
2025 $41,009 $3,422,100 $1,892,100 $1,530,000
2024 $44,991 $3,723,000 $1,836,000 $1,887,000
2023 $44,108 $3,650,000 $1,800,000 $1,850,000
2022 $53,010 $4,520,066 $2,102,356 $2,417,710
2021 $52,380 $4,431,438 $2,061,134 $2,370,304
2019 $50,792 $4,300,000 $2,000,000 $2,300,000
2018 $33,260 $2,759,762 $1,766,249 $993,513
2016 $31,822 $2,652,599 $1,697,664 $954,935
2015 $31,351 $2,612,755 $1,672,164 $940,591
2014 $31,436 $2,561,576 $1,639,409 $922,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25525855

The MLS

APN: 4238-016-029

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