734 Nowita Place, Venice, California 90291, Venice, 90291 - 3 bed, 3 bath

734 Nowita Place, Venice, California 90291 home-pic-0
ACTIVE$3,695,000
734 Nowita Place, Venice, California 90291
3Beds
3Baths
1,864Sqft
2,974Lot

Price Vs. Estimate

The estimated value ($2,668,924.415) is $1,026,075.585 (27%) lower than the list price ($3,695,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Venice Location: Nestled on iconic Venice walk streets, the property offers immediate access to Abbot Kinney Blvd's vibrant amenities and the sandy shores of Venice Beach, enhancing its desirability and lifestyle appeal.
Top Cons:
Significant Price Discrepancy: The listing price of $3.695M is considerably higher than the estimated value of $2.668M, which may indicate a premium for unique features or potential overvaluation compared to market benchmarks.

Compared to the nearby listings

Price:$3.69M vs avg $2.29M (+$1,404,500)89%
Size:1,864 sqft vs avg 1,831.5 sqft53%
Price/sqft:$2.0K vs avg $1.3K94%

More Insights

Built in 1950 (75 years old).
Condition: Despite being built in 1950, this property has undergone an extensive, high-quality modern renovation. The kitchen features sleek white cabinetry, modern stainless steel appliances, and pristine white countertops. Bathrooms are equally impressive with contemporary wood vanities, modern fixtures, and stylish dark tile in glass-enclosed showers. Hardwood flooring throughout, recessed lighting, and large Fleetwood windows contribute to a fresh, luxurious, and move-in ready feel, indicating minimal physical depreciation and meeting current quality standards.
Year Built
1950
Close
-
List price
$3.69M
Original List price
$3.69M
Price/Sqft
$1,982
HOA
-
Days on market
-
Sold On
-
MLS number
25517095
Home ConditionExcellent
Features
Good View: City Lights
Deck
Spa
Patio
ViewCity Lights

About this home

Step into your dreamy coastal escape this 3 bed, 3 bath architectural gem nestled on the iconic Venice walk streets is a perfect blend of laid-back luxury and bohemian soul. Lush yet low-maintenance, the front yard welcomes you with sun-drenched lemon trees, artful succulent landscaping, and a built-in fire pit setting the tone for a tranquil retreat. Inside, Fleetwood floor-to-ceiling windows blur the lines between indoors and out, inviting California's golden light and ocean breeze to dance through every room. The open-concept living space is perfect for entertaining or simply soaking up the serene vibe of your surroundings. The kitchen and dining room open to the backyard, where you'll find a private oasis ideal for al fresco dining under the stars, complete with a bubbling spa for ultimate relaxation. Upstairs, the dreamy primary suite feels like a sanctuary in the sky, with its own private balcony and views of a lush living roof that brings a touch of nature right to your window. A finished garage adds even more versatility, easily transformed into a creative studio, workout space, or home office - tailor it to your vibe. And when you're ready to venture out, you're just a short stroll to Abbot Kinney Blvd with its eclectic mix of boutiques, cafes, and galleries, not to mention the sandy shores of Venice Beach. This is more than a home, it's a lifestyle bohemian, breezy, and beautifully yours.

Price History

Date
Event
Price
04/29/22
Sold
$3,300,000
11/04/15
Sold
$33,000
06/28/05
Sold
$1,250,000
10/25/02
Sold
$575,000
Condition Rating
Excellent

Despite being built in 1950, this property has undergone an extensive, high-quality modern renovation. The kitchen features sleek white cabinetry, modern stainless steel appliances, and pristine white countertops. Bathrooms are equally impressive with contemporary wood vanities, modern fixtures, and stylish dark tile in glass-enclosed showers. Hardwood flooring throughout, recessed lighting, and large Fleetwood windows contribute to a fresh, luxurious, and move-in ready feel, indicating minimal physical depreciation and meeting current quality standards.
Pros & Cons

Pros

Prime Venice Location: Nestled on iconic Venice walk streets, the property offers immediate access to Abbot Kinney Blvd's vibrant amenities and the sandy shores of Venice Beach, enhancing its desirability and lifestyle appeal.
Exceptional Indoor-Outdoor Living: Fleetwood floor-to-ceiling windows and an open-concept design seamlessly blend interior and exterior spaces, inviting natural light and ocean breezes, perfect for the California lifestyle.
Luxurious Outdoor Amenities: Features include a lush, low-maintenance front yard with a built-in fire pit, a private backyard oasis with a bubbling spa, and a primary suite balcony overlooking a living roof, providing multiple relaxation zones.
Versatile Finished Garage: The finished garage offers significant flexibility, easily convertible into a creative studio, workout space, or home office, catering to diverse buyer needs.
Architectural Distinction: Described as an 'architectural gem' with a 'perfect blend of laid-back luxury and bohemian soul,' indicating unique design and aesthetic value.

Cons

Significant Price Discrepancy: The listing price of $3.695M is considerably higher than the estimated value of $2.668M, which may indicate a premium for unique features or potential overvaluation compared to market benchmarks.
Older Original Construction: Built in 1950, despite modern updates, the property's original construction year may raise concerns for some buyers regarding potential unseen infrastructure issues or long-term maintenance requirements.
Limited Lot Size: With a lot size of 2974 sqft, the property offers relatively compact outdoor space, which might be a consideration for buyers seeking more expansive grounds or future expansion potential.

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