115 Park Place, Venice, California 90291, Venice, 90291 - 3 bed, 4 bath
ACTIVE$4,495,000
115 Park Place, Venice, California 90291
3Beds
4Baths
3,155Sqft
2,250Lot
Price Vs. Estimate
The estimated value ($4,188,989.66) is $306,010.34 (6%) lower than the list price ($4,495,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Modern Design & Finishes: The property is a 'Spectacular Modern Oasis' built in 2020, featuring refined materials like cedar, glass, oak, stone, and steel, an open floor plan, and unique architectural elements such as a captivating glass loft.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2250, living area = 3155.
Compared to the nearby listings
Price:$4.50M vs avg $2.29M (+$2,204,500)92%
Size:3,155 sqft vs avg 1,831.5 sqft84%
Price/sqft:$1.4K vs avg $1.3K68%
More Insights
Built in 2020 (5 years old).
Condition: Built in 2020, this property is virtually new and exemplifies modern luxury. The kitchen features state-of-the-art integrated appliances, sleek light wood cabinetry, and a large marble island, all in pristine condition. Bathrooms are spa-inspired with freestanding tubs, large glass showers with multiple heads, and contemporary fixtures. Throughout the home, high-end materials like polished concrete and light wood flooring, glass railings, and modern light fixtures are evident, indicating no deferred maintenance and meeting current quality standards.
Year Built
2020
Close
-
List price
$4.5M
Original List price
$4.5M
Price/Sqft
$1,425
HOA
-
Days on market
-
Sold On
-
MLS number
25535069
Home ConditionExcellent
Features
Excellent View: Peek-A-Boo
Deck
Spa
Patio
ViewPeek-A-Boo
About this home
Spectacular Modern Oasis! Enter through a striking pivoting glass door into a world of refined cedar, glass, oak, stone, and steel. The open floor plan blends a state-of-the-art kitchen with a dynamic great room, featuring a walk-up bar that opens to an inviting front yard. Ascend to the second level to find a captivating glass loft overlooking the main floor, a cozy family room with fireplace, laundry, and two bedrooms, each with private bathrooms. The third level reveals a luxurious primary suite with panoramic city sunrise views, dual walk-in closets, a spa-inspired bathroom with steam shower, and a hidden speakeasy with beverage center. A sleek cedar ceiling stretches to a cantilevered deck offering stunning vistas. The rooftop delivers a 360 panorama from mountains to beach, complete with jacuzzi, BBQ area, ping pong, and firepit for starlit gatherings.
Price History
Date
Event
Price
05/11/15
Sold
$1,160,000
Condition Rating
Excellent
Built in 2020, this property is virtually new and exemplifies modern luxury. The kitchen features state-of-the-art integrated appliances, sleek light wood cabinetry, and a large marble island, all in pristine condition. Bathrooms are spa-inspired with freestanding tubs, large glass showers with multiple heads, and contemporary fixtures. Throughout the home, high-end materials like polished concrete and light wood flooring, glass railings, and modern light fixtures are evident, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons
Pros
Exceptional Modern Design & Finishes: The property is a 'Spectacular Modern Oasis' built in 2020, featuring refined materials like cedar, glass, oak, stone, and steel, an open floor plan, and unique architectural elements such as a captivating glass loft.
Luxurious Rooftop Deck with Panoramic Views: A standout feature is the rooftop deck offering a '360 panorama from mountains to beach,' complete with a jacuzzi, BBQ area, ping pong, and firepit, providing ultimate outdoor entertainment and stunning vistas.
High-End Primary Suite & Spa Bathroom: The primary suite is a luxurious retreat with 'panoramic city sunrise views,' dual walk-in closets, a 'spa-inspired bathroom with steam shower,' and a unique 'hidden speakeasy with beverage center.'
State-of-the-Art Kitchen & Entertainment Spaces: The home boasts a 'state-of-the-art kitchen' and a 'dynamic great room' with a 'walk-up bar that opens to an inviting front yard,' ideal for modern living and entertaining.
Newer Construction: Built in 2020, the property offers contemporary building standards, modern amenities, and reduced immediate maintenance concerns compared to older homes.
Cons
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2250, living area = 3155.
Small Lot Size: The property sits on a relatively small lot of 2250 sqft, which may limit ground-level outdoor living space and appeal to buyers seeking more expansive private outdoor areas.
View Description Discrepancy: While the property description highlights 'panoramic' and '360 panorama' views, the MLS 'view' field is listed as 'Peek-A-Boo,' which could create misaligned expectations for potential buyers regarding the extent and quality of the views.
Potential Overpricing: The current list price of $4,495,000 is notably higher than the estimated property value of approximately $4,189,000, which could suggest overpricing and potentially impact buyer interest or negotiation leverage.