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16050 Royal Mount Drive, Encino, California 91436, Encino, 91436 - 4 bed, 5 bath

16050 Royal Mount Drive, Encino, California 91436 home-pic-0
ACTIVE$3,679,000
16050 Royal Mount Drive, Encino, California 91436
4Beds
5Baths
4,646Sqft
24,787Lot
Year Built
1966
Close
-
List price
$3.68M
Original List price
$3.68M
Price/Sqft
$792
HOA
-
Days on market
-
Sold On
-
MLS number
24461567
Home ConditionTear down
Features
Pool
Spa
Patio
ViewPeek-A-Boo, Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,7 Pros. Rank: price - $3.68M(82th), sqft - 4646(80th), beds - 4(50th), baths - 5(66th).

RTI Plans Approved SHOVEL READY! An extraordinary opportunity to build your dream estate in this highly exclusive and sought-after Royal Oaks Encino neighborhood located South of the Blvd, on an amazing acre lot located on a super exclusive 6 home cul-de-sac. The approved plans are for an expansive 12,000 square foot modern home, with 5 ensuite bedrooms including a luxurious resort-style master suite, open concept floor plan with huge 12 foot ceilings, indoor/outdoor CA living, 10 total baths, formal office, formal dining with beautiful wine display wall, butler's pantry, spa, sauna and gym rooms, entertainment/parlor room, 12 seat state of the art media room, great room with an amazing chef's kitchen with all the bells and whistles, double-island, walk-in pantry, breakfast room, full laundry room plus an attached ADU with bedroom, great room, fully equipped kitchen and bath, oversized 3-car garage, elevator. The amazing California resort style backyard includes, ultimate seclusion and privacy with pool, spa, waterfall, outdoor kitchen. Make you dreams come true on this exceptional private location in the heart of Los Angeles. ALSO a potential for a Owner User Development, REHAB CURRENT HOME or HIGH-END Developer Opportunity in the heart of Encino / Los Angeles. Price is for the current home which is 4 bedrooms, 5 baths, 4646 square foot home, 25k lot built in 1966...GREAT FLOORPLAN just waiting for someone to take this extraordinary property to the next level...SUPER EASY TO SHOW.

Nearby schools

8/10
Lanai Road Elementary School
Public,•K-5•0.5mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.1mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.1mi
5/10
Lemay Street Elementary School
Public,•K-5•3.7mi
6/10
Lemay Street Elementary School
Public,•K-5•3.8mi
6/10
Newcastle Elementary School
Public,•K-5•3.8mi
5/10
Brentwood Science School
Public,•K-5•6.6mi
2/10
Van Nuys Middle School
Public,•6-8•2.5mi
5/10
William Mulholland Middle School
Public,•6-8•3.3mi
3/10
William Mulholland Middle School
Public,•6-8•3.6mi
6/10
Gaspar De Portola Middle School
Public,•6-8•3.7mi
6/10
Van Nuys Senior High School
Public,•9-12•3.4mi
4/10
Reseda Senior High School
Public,•9-12•4.1mi
6/10
University Senior High School
Public,•9-12•7.0mi
6/10
University Senior High School Charter
Public,•9-12•7.0mi
Condition Rating
Tear down
The property, built in 1966, features severely outdated interiors, particularly in the kitchen and bathrooms, which appear to be original or from a very old renovation. All visible components, including flooring, light fixtures, and appliances, are significantly past their expected lifespan and current quality standards. The listing explicitly markets the property as 'RTI Plans Approved SHOVEL READY!' for a new 12,000 sqft modern home, and the property analysis notes the 'Dated Existing Structure' is 'likely a tear-down or requires extensive, costly renovation.' This indicates that the property's value is based solely on the land and its potential for redevelopment, aligning with the 'Tear-down' criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24787, living area = 4646.
Great Schools: Elementary School: Roscomare Road Elementary School (9/10).
RTI Approved Plans: Ready-to-Issue (RTI) plans for an expansive 12,000 sqft modern estate significantly streamline the development process, saving time and reducing risk for a luxury new build.
Prime Royal Oaks Location: Situated in the highly exclusive and sought-after Royal Oaks Encino neighborhood, South of the Boulevard, offering prestige and desirability.
Generous & Private Lot: A substantial 24,787 sqft lot (over half an acre) located on a private 6-home cul-de-sac, ensuring ultimate seclusion and privacy.
High-End Proposed Amenities: Approved plans include luxurious features such as 5 ensuite bedrooms, 10 baths, ADU, spa, sauna, gym, media room, and a resort-style backyard, catering to a discerning luxury market.
Versatile Investment Opportunity: Offers multiple avenues for value creation, including owner-user development, extensive rehabilitation of the current home, or a high-end developer project.

Cons

Significant Price Discrepancy: The listing price ($3.679M) is considerably higher than the estimated property value ($2.587M), indicating a premium primarily for the approved plans and land, which may deter some buyers.
Substantial Capital Outlay Required: Beyond the purchase price, realizing the approved 12,000 sqft luxury estate will necessitate a multi-million dollar construction investment, limiting the buyer pool to highly capitalized individuals or developers.
Dated Existing Structure: The current 1966-built home is likely a tear-down or requires extensive, costly renovation, adding to the overall project timeline and expense if not fully rebuilt.

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