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Sold for $5,400,000 · May 2018

SOLD

Listed at $5,497,000

Sold

1365 PRESTON Way, Venice, CA 90291

Venice, CA

MLS# 18311918

4,990 Sq Ft • Single Family Home5bd • 6ba
40 days on market

Listing Agent

Kerry Ann Sullivan

Listing Agent

Pardee Properties

DRE #: 01927932

Brokerage: Pardee Properties

Property Details

5

Bedrooms

6

Bathrooms

4,990 sqft

Square Feet

2018

Year Built

0.25 acres

Lot Size

$1,082

Price/Sq Ft

2

Garage Spaces

N/A

HOA

Single Family Home

Property Type

Description

Located on one of the largest lots in Venice, this newly constructed home designed by award-winning architecture firm Marmol Radziner encourages indoor-outdoor living. Combining modern and rustic elements, the exterior materials of dark wood and plaster contrast with light-filled interiors of concrete, oak cabinets, and natural stone. The large open kitchen with a custom banquette dining table anchors the 1st floor, connecting the private front courtyard with fire pit and the spacious rear yard with pool and spa. The formal living room with fireplace and dining room are accented with a dark plaster wall while the casual family room is open to the kitchen, creating distinct zones for entertaining and everyday living. A guest suite opens onto the rear pool area. The 2nd floor features vaulted ceilings throughout, with three en-suite bedrooms, a large open den, and a glass bridge leading to a separate master suite wing with spacious spa-like bathroom. This private oasis is a must see!

Listing description from the May 2018 sale, as reported to CRMLS.

Facts & Features

Details

Stories
2
Pool
Yes
Cooling
CentralAir
Heating
Central

Sale history for 1365 PRESTON Way

2 recorded sales

$5,400,000
Sold May 2018 · listed $5,497,000, on market February 2018, 40 days on market · MLS #18311918 · Source: CRMLS
Listing Agent: Kerry Ann Sullivan · Listing Office: Pardee Properties · Contact: 310-907-6517 · Bought with: Jennifer Mulberg · Compass
$2,399,000
Sold June 2016 · listed $2,495,000, on market May 2016 · MLS #16114220 · Source: CRMLS
Listing Agent: Jack Bitton · Listing Office: Sotheby's International Realty · Contact: 310-481-6262 · Bought with: Jack Bitton · Power Brokers International

How this sale compares

1365 PRESTON Way sold for $5,400,000 in May 2018, 1.8% under its $5,497,000 list price, after 40 days on the market. That works out to $1,082 per square foot on 4,990 square feet. Across 174 closed sales in 90291 over the last 12 months, the median sold price is $2,100,000 and the median is $1,217 per square foot, 12% above this sale's $1,082.

$1,082
This sale, per sq ft
$1,217
90291 median per sq ft (12 mo)
$2,100,000
90291 median sold price (12 mo)
174
Closed sales in 90291 (12 mo)
40
Days on market
−1.8%
Sold vs. list price
QuarterClosed sales in 90291Median sold price
Q1 202620$2,132,500
Q2 202679$2,050,000
Q3 202664$2,130,000
Q4 202611$2,400,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Venice · Homes for sale in 90291

Recent sales near 1365 PRESTON Way

Closed sales reported in 90291, nearest first, last 12 months. All recent sales in Venice →

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