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Location: Venice, Calif.
The Skinny: The canals of Venice, Calif. were created by developer Abbott Kinney in the early 1900s as a luxurious beachside community—and once boasted gondoliers—but fell into severe disrepair by the 1950s. Referred to then as the "Slum by the Sea," Venice has seen rapid redevelopment in recent decades, exchanging its grittiness for sleek modern homes like the Royer House. Designed by architect Steven Ehrlich on a coveted corner lot, the glassy structure houses three bedrooms and three bathrooms in 3,000 square feet, all built using what the brokerbabble calls "low allergy construction." Completed in 2002, the house is now listed for $3.975M.
· 2420 Grand Canal [Trulia]