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Sold for $2,980,000 on 01/02/24
  • $2,980,000

    1246 Preston Way, Venice, CA 90291

    5beds
    7,680sqft
    Residential
    Built in 1952
    0.25 Acres Lot
    $4,606,600 Zestimate®
    $388/sqft
    $8,139 Estimated rent

    Home value

    $4,606,600

    $3.73M - $5.67M

    $8,139/mo

    Zestimate® history
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    What's special

    Set on a prime Venice Big Lot, mid-block on coveted Preston Way, this investment represents an opportunity to build one of Venice's most significant contemporary residences. Architectural firm, Woods + Dangaran, AIA masterfully explore and define this luxurious space set on an extraordinary lot of nearly 11,000sf (63 feet wide by 173 feet deep). Woods + Dangaran were commissioned to design a timeless modernist home with a clean and classic aesthetic. The subtle layout of the home was intentional to offer a distinctive and different addition to the neighborhood. A diligent focus on light coupled with a fluid integration of indoor/outdoor transition and landscape creates a sanctuary of warmth and privacy that is quietly luxurious and elegantly fluid.Setback, shrouded in privacy from the street, the main residence of 3 levels provides every conceivable amenity with the utmost attention to quality, detail, function and refined finishes. Skylights and walls of glass beam light into the gourmet kitchen with large center isle/built in seating and high ceilings. The kitchen opens to an opulent living room framed by front meditation courtyard and entertainment loggia/ grassy backyard. A separate prep kitchen also overlooks the swimmer's pool yard. Interior atrium halls with floor to ceiling glass walls, a flanked water feature and landscape artfully guide one through the first and second floor levels. Both the upstairs and basement mark a continuation of spatial experiences. The entire upstairs rear wing features a lavish primary suite with walk in closet and spa like bath that is separated from two additional bedrooms and a separate reading room. The 2,400sf basement is simply amazing. Mature Japanese Maple trees rise from the basement floor to the first-floor courtyard atrium. A flexible basement features a 300-bottle wine cellar, full media room, open bar, separate private office, private guest suite, elevator to all three floors and complete gym. A detached 450sf ADU/pool house with private bedroom complements this stunning architectural compound.

    Zillow last checked: 8 hours ago

    Listing updated: January 02, 2024 at 01:04pm

    Listed by:

    Todd Stein DRE # 01879814 310-502-8081,

    Campbell Wellman Properties 310-437-5333

    Bought with:

    Jeffrey T. Sandorf, DRE # 01396545

    Compass

    Source: CLAW,MLS#: 23-292087MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 7
    • Full bathrooms: 5
    • 1/2 bathrooms: 2
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Laundry Room
    Features
    • Flooring: Hardwood
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 7,680
    • Total interior livable area: 7,680 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 2
    • Pool features: In Ground
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 0.25 Acres
    • Dimensions: 63 x 174
    Details
    • Additional structures: Guest House, Detached Guest House
    • Parcel number: 4244027015
    • Zoning: LAR1
    • Special conditions: Standard
    • Other equipment: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Residential
    Condition
    • Year built: 1952

    Utilities & green energy

    • Sewer: In Street
    • Water: District

    Community & neighborhood

    Security
    • Security features: Other
    Location
    • Region: Venice

    Price history

    DateEventPrice
    1/2/2024Sold$2,980,000-6.7%$388/sqft
    Source: CLAW #23-292087
    12/29/2023Pending sale$3,195,000$416/sqft
    Source: CLAW #23-292087
    9/7/2023Listed for sale$3,195,000$416/sqft
    Source: CLAW #23-292087
    9/6/2023Contingent$3,195,000$416/sqft
    Source: CLAW #23-292087
    7/19/2023Listed for sale$3,195,000+12.1%$416/sqft
    Source: CLAW #23-292087

    Public tax history

    YearProperty taxesTax assessment
    2025$24,064 -38.7%$2,003,294 -38.2%
    2024$39,250 +2%$3,242,810 +2%
    2023$38,481 +4.9%$3,179,226 +2%

    Find assessor info on the county website

    Neighborhood: Venice

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $4,606,600

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $4,606,600