
Arcadia, California 91006
This Legacy Estate presents a High-Potential Investment Opportunity, listed at $4,688,000—positioned above the $4,498,789 Fair Market Value by 4%. While the property requires modernization, its Condition Rating of 4 reflects a well-maintained, original-era estate on a massive 1.12-acre lot. Featuring a North/South Tennis Court, Freeform Pool, and Guest House, the property offers immense value-add potential in the prestigious Arcadia Unified School District. This is a rare acquisition for Value-Add Investors or Owner-Occupants seeking to restore a grand, private sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1437 Carmelita Place Subject | $4,688,000* List Price | 5 | 6 | 5,887 | $764 | - |
A 960 Hampton Sold | $4,830,000 | 6 | 6 | 6,623 | $729 | 0.9 mi |
B 1141 Rodeo Road Sold | $4,835,000 | 6 | 6 | 7,693 | $628 | 0.5 mi |
C 827 Hampton Road Active | $5,180,000 List Price | 6 | 4 | 5,105 | $1,015 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950 and held by the same owner for nearly 40 years, the estate is well-maintained but significantly dated. The kitchen and six bathrooms feature 1980s-era finishes, including tiled countertops, floral wallpaper, and older cabinetry. While functional and 'move-in ready' in a literal sense, the property requires a full cosmetic and systems modernization to meet current luxury standards, aligning with the listing's invitation to 'restore' or 'reimagine' the home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 48770, living area = 5887.
Situated on a rare 1.12-acre lot in the prestigious Santa Anita Oaks neighborhood, this property offers exceptional scale, privacy, and a prime cul-de-sac location.
The estate is fully equipped for luxury living with a north/south tennis court, a freeform swimming pool, and a detached 668-square-foot guest house.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =48770, other record lot size in square feet = 48681. Living area discrepancy between mls listing and other public or private record. mls listing living area = 5887, other record living area = 4539. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Offered for the first time in 40 years, the home features older finishes and systems that will likely require a significant capital investment to meet contemporary luxury standards.
The massive 48,770-square-foot lot, combined with the upkeep of a tennis court, pool, and secondary residence, entails substantial ongoing landscaping and utility costs.
First time on the market in nearly 40 years, this remarkable Traditional French Normandie estate is gracefully tucked away at the end of a quiet cul-de-sac in Arcadia’s prestigious Santa Anita Oaks neighborhood. Set on an extraordinary 48,770 square foot lot (1.1196 acres), this rare legacy property offers approximately 5,887 square feet of total living space, including a 5,219 square foot main residence and a 668 square foot guest house, all surrounded by lush, mature landscaping and a setting of exceptional privacy and distinction. Originally built in 1950 and expanded and remodeled over the years, the estate reflects timeless craftsmanship, grand scale, and classic architectural charm. A welcoming foyer introduces elegant formal living spaces highlighted by rich detailing, refined millwork, and beautifully proportioned rooms designed for both intimate living and large-scale entertaining. The formal living room is anchored by a striking marble fireplace, intricate crown molding, and a massive bay window overlooking the front gardens, while the formal dining room exudes warmth and tradition with raised paneled wainscoting and an inviting setting for memorable gatherings. The expansive family room is a true showpiece, featuring handsome wood paneling, a built-in entertainment center with desk, and views of both the rear grounds and the private atrium. The kitchen is filled with character and functionality, offering solid oak cabinetry, peg-and-plank wood flooring, kitchen aid refrigerator/freezer, Thermador oven, walk-in pantry, and a cheerful breakfast area wrapped in glass. The thoughtfully designed floor plan also includes generous bedroom suites, multiple baths, abundant storage, and an attached 3-car garage. The guest house provides ideal flexibility for extended family, guests, office, or creative use, complete with its own living area, stone fireplace, kitchenette, bath, and bedroom space. Outdoors, the estate unfolds into an exceptional private retreat with a freeform swimming pool, north/south tennis court with spectator’s deck, expansive lawn and garden areas, covered patio with skylights, and RV parking. A rare offering of scale, privacy, and timeless elegance, this is a once-in-a-generation opportunity to restore, reimagine, or cherish a true estate property in one of Arcadia’s most coveted neighborhoods.
No exterior & parking available.
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May 7, 2026
$4,688,000
Initial Listing