2040 Glencoe Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 5 bath

2040 Glencoe Avenue, Venice, California 90291 home-pic-0
ACTIVE$4,748,000
2040 Glencoe Avenue, Venice, California 90291
4Beds
5Baths
3,800Sqft
5,468Lot

Price Vs. Estimate

The estimated value ($4,237,800.59) is $510,199.41 (10%) lower than the list price ($4,748,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Venice Location: Situated in the heart of Venice, just steps from its best restaurants, cafes, and vibrant neighborhood energy, offering a highly desirable lifestyle.
Top Cons:
Under Construction Status: The property is currently under construction with a 2026 completion, meaning it is not move-in ready and requires patience from the buyer.

Compared to the nearby listings

Price:$4.75M vs avg $2.29M (+$2,457,500)94%
Size:3,800 sqft vs avg 1,831.5 sqft93%
Price/sqft:$1.2K vs avg $1.3K44%

More Insights

Built in 2026 (-1 years old).
Condition: This property is a new construction with a projected build year of 2026. The description clearly states that construction is underway and buyers have the opportunity to personalize finishes, ensuring all components will be brand new, meet current quality standards, and feature modern designs, including a 'chef's kitchen' and 'luxurious primary suite'. The provided images are renderings of the intended modern farmhouse style, reflecting a top-tier, move-in ready condition upon completion.
Year Built
2026
Close
-
List price
$4.75M
Original List price
$2.2M
Price/Sqft
$1,249
HOA
-
Days on market
-
Sold On
-
MLS number
25576683
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

Customize Your Dream Home in Venice! Construction is underway on this stunning modern farmhouse in the heart of Venice, and now is the time to make it your own. The finished residence will span approximately 3,800 sq ft with a 550 sq ft ADU. The envisioned design includes a dramatic two-story entry, open-concept living and dining areas, a chef's kitchen with pantry, family room, covered patio, and ADU on the main floor. Upstairs, a grand staircase leads to three en-suite bedrooms and a luxurious primary suite with balcony. With framing and layout already in motion, buyers still have the opportunity to personalize finishes, materials, and design details to create a true dream home. The seller, a seasoned developer with multiple Pacific Palisades projects, offers expert craftsmanship while allowing end users to put their unique style into the completed property. Located just steps from Venice's best restaurants, cafes, and vibrant neighborhood energy, this home represents the perfect balance of turnkey new construction and personal customization.

Price History

Date
Event
Price
01/08/97
Sold
$181,000
07/29/25
Sold
$1,700,000
Condition Rating
Excellent

This property is a new construction with a projected build year of 2026. The description clearly states that construction is underway and buyers have the opportunity to personalize finishes, ensuring all components will be brand new, meet current quality standards, and feature modern designs, including a 'chef's kitchen' and 'luxurious primary suite'. The provided images are renderings of the intended modern farmhouse style, reflecting a top-tier, move-in ready condition upon completion.
Pros & Cons

Pros

Prime Venice Location: Situated in the heart of Venice, just steps from its best restaurants, cafes, and vibrant neighborhood energy, offering a highly desirable lifestyle.
New Construction & Modern Design: A stunning modern farmhouse built in 2026, offering turnkey new construction with contemporary aesthetics and amenities.
Customization Opportunity: Buyers have a unique opportunity to personalize finishes, materials, and design details, creating a truly bespoke dream home.
Income-Generating ADU: Includes a 550 sq ft Accessory Dwelling Unit (ADU), providing flexibility for rental income, guest accommodation, or a dedicated home office.
Experienced Developer: Developed by a seasoned professional with multiple successful projects in Pacific Palisades, ensuring expert craftsmanship and quality construction.

Cons

Under Construction Status: The property is currently under construction with a 2026 completion, meaning it is not move-in ready and requires patience from the buyer.
Significant Price Appreciation: The list price has seen a substantial increase from its original listing, which may warrant scrutiny regarding current market value and potential overpricing.
Lack of Views: The property description explicitly states 'None' for views, which could be a drawback for buyers seeking scenic vistas in a premium location.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state