Perched above the lush fairways and open green space of Penmar Park, Penmar Noir, a New Construction, is a bold architectural statement that redefines modern luxury in the heart of Venice. Wrapped in a dramatic black exterior, this custom-designed five-bedroom, five-bathroom residence commands attention while offering a rare sense of sophistication. Every inch of the home has been meticulously crafted with bespoke finishes and uncompromising attention to detail. Expansive walls of glass flood the interiors with natural light and frame picturesque park views, while seamlessly connecting indoor and outdoor living spaces. The open-concept floor plan is anchored by a designer chef's kitchen featuring custom cabinetry, premium appliances, and handcrafted stone surfaces that blend functionality with refined elegance. The luxurious primary suite serves as a private retreat, complete with a spa-inspired bathroom, oversized walk-in closet, and tranquil views overlooking Penmar's iconic greenery. Four additional bedrooms offer exceptional comfort and flexibility for family, guests, or work-from-home living. Outside, a resort-style courtyard awaits. A sparkling pool and curated outdoor entertaining spaces create the perfect setting for sun-soaked afternoons, al fresco dining, and unforgettable evenings under the stars. Mature landscaping enhances the sense of seclusion while complementing the home's striking contemporary architecture. Located moments from Venice's renowned beaches, Abbot Kinney, Rose Avenue, and some of the Westside's finest dining and shopping, Penmar Noir offers a rare opportunity to own a truly one-of-a-kind custom residence where architectural design, luxury craftsmanship, and an unparalleled location come together effortlessly.
New construction
$4,395,000
1500 Louella Ave, Venice, CA 90291
5beds
3,817sqft
Residential, Single Family Residence
Built in 2026
5,963 Square Feet Lot
$4,270,800 Zestimate®
$1,151/sqft
$-- HOA
What's special
- 20 days
- 978
- 77
Zillow last checked:
Listing updated:
Listed by:
Joe Nasr DRE # 01990484 424-299-9595,
Compass 310-820-0195
Source: CLAW,MLS#: 26873913
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Walk-In Closet, Office, Dining Room, In-Law Suite, Powder, Living Room, Patio Open
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Disposal, Microwave, Range/Oven, Refrigerator, Washer, Tankless Water Heater
- Laundry: Laundry Area, In Unit
Features
- Built-Ins, Dining Area, Kitchen Island
- Flooring: Engineered Hardwood
- Number of fireplaces: 1
- Fireplace features: Electric
Interior area
- Total structure area: 3,817
- Total interior livable area: 3,817 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - 2 Car
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Pool features: In Ground, Heated
- Spa features: None
- Has view: Yes
Lot
- Size: 5,963 Square Feet
- Dimensions: 55 x 108
Details
- Additional structures: None
- Parcel number: 4244017018
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Residential, Single Family Residence
- Attached to another structure: Yes
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Sewer: In Street
Community & HOA
HOA
- Has HOA: No
Location
- Region: Venice
Financial & listing details
- Price per square foot: $1,151/sqft
- Tax assessed value: $1,657,500
- Date on market: 8/20/2026
Estimated market value
$4,270,800
$4.06M - $4.48M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Listed for sale | $4,395,000$1,151/sqft |
Source: | ||
| 8/19/2026 | Listing removed | $4,395,000$1,151/sqft |
Source: | ||
| 8/14/2026 | Price change | $4,395,000-3.4%$1,151/sqft |
Source: | ||
| 6/11/2026 | Listed for sale | $4,550,000+180%$1,192/sqft |
Source: | ||
| 3/3/2025 | Sold | $1,625,000+2.2%$426/sqft |
Source: | ||
| 2/5/2025 | Pending sale | $1,590,000$417/sqft |
Source: | ||
| 1/26/2025 | Contingent | $1,590,000$417/sqft |
Source: | ||
| 1/18/2025 | Listed for sale | $1,590,000$417/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,657,500 +1743.7% |
| 2025 | $19,757 +1362.6% | $89,900 +2% |
| 2024 | $1,351 +1.3% | $88,138 +2% |
| 2023 | $1,334 +10.9% | $86,411 +2% |
| 2022 | $1,203 +1.9% | $84,717 +2% |
| 2021 | $1,180 -0.6% | $83,057 +1% |
| 2020 | $1,187 | $82,206 +2% |
| 2019 | $1,187 +10.7% | $80,595 +2% |
| 2018 | $1,072 | $79,016 +2% |
| 2017 | $1,072 +1.9% | $77,467 +2% |
| 2016 | $1,051 +3.4% | $75,949 +1.5% |
| 2015 | $1,016 0% | $74,809 +2% |
| 2014 | $1,017 | $73,345 +2.5% |
| 2012 | -- | $71,584 +2% |
| 2011 | -- | $70,182 +0.8% |
| 2010 | -- | $69,659 -0.2% |
| 2009 | -- | $69,826 +2% |
| 2008 | -- | $68,457 +2% |
| 2007 | -- | $67,116 +2% |
| 2006 | -- | $65,801 |
| 2005 | -- | $65,801 +4% |
| 2004 | -- | $63,248 +1.9% |
| 2003 | -- | $62,090 +2% |
| 2002 | -- | $60,873 +4% |
| 2000 | -- | $58,512 |
Find assessor info on the county website
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Neighborhood: Venice
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