
Sherman Oaks, California 91403
This Spacious Mediterranean Estate is a Prime Investment Opportunity, listed at $2,595,000—positioned below the $2,652,484 Fair Market Value by 2%. This valuation gap offers $57,484 in Instant Equity. While maintaining a Condition Score of 3 with significant infrastructure upgrades like new HVAC and triple-pane windows, the home sits on a rare 15,101 sqft flat lot featuring a resort-style pool and exclusive shared tennis court access. It is an ideal match for Owner-Occupants seeking a prestigious Royal Woods lifestyle or Value-Add Investors looking to modernize a high-end asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16230 Meadowcrest Road Subject | $2,595,000* List Price | 5 | 4 | 3,540 | $742 | - |
A 15946 Tobin Way Sold | $2,533,000 | 5 | 4 | 3,695 | $686 | 0.4 mi |
B 16138 Meadowcrest Road Sold | $1,848,000 | 4 | 3 | 2,560 | $722 | 0.1 mi |
C 3421 Castlewoods Place Sold | $1,885,000 | 4 | 3 | 2,807 | $672 | 0.5 mi |
D 3592 Alana Drive Active | $2,495,000 List Price | 5 | 4 | 3,579 | $697 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from significant recent infrastructure upgrades, including a new HVAC system, updated electrical, plumbing, and gas lines, and new triple-pane windows. While the 1978 Mediterranean architecture and kitchen finishes (granite countertops) lean toward a more traditional style rather than a contemporary full renovation, the home is exceptionally well-maintained with high-end features like a spa-like primary suite and a resort-style backyard.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15101, living area = 3540.
Situated on over 15,000 square feet of flat land in the prestigious Royal Woods neighborhood, this property offers rare privacy and outdoor space that is seldom available in this market.
The home features essential modern updates including new triple-pane windows, updated electrical, plumbing, and gas lines, and a new HVAC system, significantly reducing immediate maintenance concerns for a buyer.
The $1,443 association fee represents a substantial recurring carrying cost that may be a deterrent for buyers comparing this to other non-HOA single-family residences in the area.
Built in 1978, the Mediterranean styling and interior layout may require additional cosmetic modernization to align with the ultra-modern aesthetic preferences currently dominating the Sherman Oaks luxury market.
**PRICED TO SELL** Situated on a quiet cul-de-sac in the coveted Royal Woods neighborhood of Sherman Oaks, this Mediterranean-style residence sits on one of the largest flat lots in the area, offering exceptional privacy and space, a rare opportunity as homes on parcels of this size in such a highly sought-after neighborhood seldom come to market. A dramatic entrance with a grand foyer and staircase creates an immediate and refined sense of living, complemented by soaring cathedral ceilings and light-filled interiors. Multiple living spaces throughout the home provide flexibility for both everyday living and entertaining, including a spacious family room with fireplace and built-in bar. The chef's kitchen features a center island, premium granite countertops, breakfast area, and formal dining room nearby. The primary suite serves as a private retreat with vaulted ceilings, sitting area, and spa-like bath with dual vanities, steam shower, and soaking tub. Designed for year-round enjoyment, the resort-style backyard offers multiple areas for outdoor activities and entertaining, including an expansive lawn, pool and spa with waterfall, outdoor shower, and built-in BBQ. The property features access to a beautifully maintained tennis court located right next door, shared with only seven other residences - an exceptional amenity that adds both lifestyle and exclusivity. Additional highlights include a three-car garage with built-in storage, security system, new French doors, triple-pane windows, updated electrical, plumbing and gas lines, new gutters and exterior lighting, and a new heating and air conditioning system, all just minutes from shops, restaurants, and approximately 20 minutes from the city.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 87% |
| Baths | 4.0 | 3.0 | 57% |
| Square foot | 3,540 | 2,569.5 | 80% |
| Lot Size | 15,101 | 9,633 | 80% |
| Price | $2.60M | $1.91M | 76% |
| Price per sq ft | $733 | $827 | 33% |
| Built year | 1978 | 1954 | 83% |
| HOA | $1443.0 | $0 | 98% |
| Days on market | 62 | 170 | 13% |
Feb 19, 2026
$2,595,000
Initial Listing
Aug 22, 1995
$438,500
Public Record