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17352 Magnolia Boulevard, Encino, California 91316, Encino, 91316 - 5 bed, 7 bath

17352 Magnolia Boulevard, Encino, California 91316 home-pic-0
ACTIVE$6,495,000
17352 Magnolia Boulevard, Encino, California 91316
5Beds
7Baths
7,074Sqft
49,589Lot

Price Vs. Estimate

The estimated value ($6,495,000) is $0 (0%) lower than the list price ($6,495,000). This property may be overpriced.

Key pros and cons

Top 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 = 49589, living area = 7074.
Top Cons:
Lack of Scenic Views: The property explicitly states 'view: None,' which may be a significant drawback for luxury buyers in Southern California who often prioritize panoramic or city views.

Compared to the nearby listings

Price:$6.50M vs avg $1.47M (+$5,030,000)96%
Size:7,074 sqft vs avg 2,250 sqft95%
Price/sqft:$918 vs avg $74583%

More Insights

Built in 2010 (15 years old).
Condition: Built in 2010, this property is described as a 'turn-key gorgeous gem' and a 'stellar modern masterpiece,' which is strongly supported by the images. The kitchen features high-end, modern stainless steel appliances, custom contemporary cabinetry, solid surface countertops, and a stylish mosaic backsplash, all appearing in virtually new condition. Throughout the home, modern light fixtures, recessed lighting, and a mix of large format tile, dark wood flooring, and clean carpets contribute to an exceptionally high standard. The floor-to-ceiling windows and overall design reflect current quality standards with no visible deferred maintenance or physical depreciation.
Year Built
2010
Close
-
List price
$6.5M
Original List price
$7M
Price/Sqft
$918
HOA
-
Days on market
-
Sold On
-
MLS number
25527813
Home ConditionExcellent
Features
Pool
Spa
Patio
View-

About this home

The Magnolia Estate, in the prestigious Amestoy Estates of Encino, conveys a captivating allure. A pancake-flat 49,000 sq. ft. lot and an absolutely turn-key gorgeous gem of a house. This is why the Westside buyer moves to the Valley - land! Impressive wide frontage, gated, and set back off the quiet cul-de-sac street. Alluring architecture that immediately announces the unique character of this stellar modern masterpiece. Warm natural woods with soaring beams and floor to ceiling windows that expose the massive flat yard that spans out in jaw-dropping fashion. The distant basketball court, the serene vegetable gardens, the inviting fire pit, the sparkling pool, and the covered outdoor dining all deliver the finest in outdoor living. The single-story floor plan with a main level master suite, along with four other over-sized secondary bedrooms, make this a coveted long-time asset for any future re-sale. The upstairs movie theater, gigantic rumpus room, gym/yoga studio, powder bath, and a full en suite guest bedroom complete the compelling package of a true family compound. Close to all the great private schools, after-school sports, and easy shopping. RARELY is such a gem presented that can literally take a lifetime to find or build.

Condition Rating
Excellent
Built in 2010, this property is described as a 'turn-key gorgeous gem' and a 'stellar modern masterpiece,' which is strongly supported by the images. The kitchen features high-end, modern stainless steel appliances, custom contemporary cabinetry, solid surface countertops, and a stylish mosaic backsplash, all appearing in virtually new condition. Throughout the home, modern light fixtures, recessed lighting, and a mix of large format tile, dark wood flooring, and clean carpets contribute to an exceptionally high standard. The floor-to-ceiling windows and overall design reflect current quality standards with no visible deferred maintenance or physical depreciation.
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 = 49589, living area = 7074.
Expansive & Usable Flat Lot: The property boasts a rare, pancake-flat 49,000 sq. ft. lot, offering significant space and versatility for outdoor activities and privacy, a key draw for buyers seeking substantial land.
Turn-Key Modern Masterpiece: Built in 2010, the home is described as an 'absolutely turn-key gorgeous gem' and a 'stellar modern masterpiece,' indicating contemporary design, high-quality construction, and immediate move-in readiness.
Comprehensive Outdoor Living Amenities: The property features an impressive array of outdoor amenities including a basketball court, serene vegetable gardens, a fire pit, a sparkling pool, and covered outdoor dining, catering to a luxurious lifestyle.
Functional & Extensive Interior Layout: The single-story floor plan includes a main-level master suite and four oversized secondary bedrooms, complemented by an upstairs movie theater, gigantic rumpus room, gym/yoga studio, and an en-suite guest bedroom, ideal for a family compound.
Prestigious & Private Location: Situated in the prestigious Amestoy Estates, the property offers impressive wide frontage, is gated, and set back off a quiet cul-de-sac street, ensuring exclusivity and privacy.

Cons

Lack of Scenic Views: The property explicitly states 'view: None,' which may be a significant drawback for luxury buyers in Southern California who often prioritize panoramic or city views.
High Ongoing Maintenance Costs: The expansive 49,000 sq. ft. lot and extensive outdoor amenities, coupled with a large 7,074 sq. ft. home, will likely incur substantial ongoing maintenance, landscaping, and utility expenses.
Location Perception for Westside Buyers: While offering a large lot, the property's location in Encino (the Valley) might be a perceived compromise for some Westside Los Angeles buyers, as suggested by the description itself, despite the land benefits.

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