18155 Lake Encino Drive, Encino, California 91316, Encino, 91316 - 5 bed, 4 bath

18155 Lake Encino Drive, Encino, California 91316 home-pic-0
ACTIVE$3,299,000
18155 Lake Encino Drive, Encino, California 91316
5Beds
4Baths
4,503Sqft
18,037Lot

Price Vs. Estimate

The estimated value ($1,964,477.16) is $1,334,522.84 (40%) lower than the list price ($3,299,000). 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 = 18037, living area = 4503.
Top Cons:
Lack of Views: The property description explicitly states 'view: None,' which may be a drawback for buyers seeking scenic vistas, especially when several comparable properties in the area offer city, hill, or mountain views.

Compared to the nearby listings

Price:$3.30M vs avg $1.47M (+$1,834,000)83%
Size:4,503 sqft vs avg 2,250 sqft78%
Price/sqft:$733 vs avg $74348%

More Insights

Built in 1964 (61 years old).
Condition: The property, though built in 1964, is described as a 'stunning completely remodeled modern residence' with 'top of the line finishes and fixtures throughout,' indicating an extensive and recent renovation. The description highlights a masterfully redesigned interior, luxurious master suite, and beautifully appointed bathrooms, all consistent with current quality standards and minimal depreciation. While a specific renovation year isn't provided, the language strongly suggests a renovation within the last 5 years, aligning with the 'Excellent' criteria.
Year Built
1964
Close
-
List price
$3.3M
Original List price
$3.7M
Price/Sqft
$733
HOA
-
Days on market
-
Sold On
-
MLS number
25475663
Home ConditionExcellent
Features
Pool
Patio
View-

About this home

Exceptional Modern Home in Lake Encino. Introducing a stunning completely remodeled modern residence that perfectly blends timeless design with contemporary luxury in the highly desirable Lake Encino area. This sprawling single story home sits on a large lot just over 18,000 sq ft featuring 5 completely redesigned large bedrooms plus an office. This home truly has been masterfully redesigned with top of the line finishes and fixtures throughout. As you step through the elegant white oak pivot door, you are welcomed by a serene entryway featuring a tranquil water feature showcased through expansive glass windows, creating an inviting ambiance that sets the tone for the rest of the home.This gated and private designed split layout home effortlessly flows into a spacious backyard oasis, complete with ample lounging areas ideal for relaxation and entertaining with an incredible pool characterized by its stunning original mid-century shape. In the main living area you will find a charming bar, a cozy 3-D fireplace, and a sophisticated dining room, all artfully intertwined to create a seamless space for gatherings and intimate celebrations.On the opposite side of the home, discover a luxurious master suite along with three additional spacious bedrooms and two beautifully appointed full bathrooms. Each room is designed with comfort and style in mind, providing a perfect retreat for family and guests alike.This property exemplifies the best of California living, where mid-century elegance meets modern luxury, making it an ideal sanctuary for discerning buyers. Don't miss your chance to own this architectural gem in one of Los Angeles' most sought-after neighborhoods.

Condition Rating
Excellent

The property, though built in 1964, is described as a 'stunning completely remodeled modern residence' with 'top of the line finishes and fixtures throughout,' indicating an extensive and recent renovation. The description highlights a masterfully redesigned interior, luxurious master suite, and beautifully appointed bathrooms, all consistent with current quality standards and minimal depreciation. While a specific renovation year isn't provided, the language strongly suggests a renovation within the last 5 years, aligning with the 'Excellent' 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 = 18037, living area = 4503.
Extensive Modern Remodel: The property has undergone a complete and masterfully redesigned modern remodel, featuring top-of-the-line finishes and fixtures throughout, blending mid-century elegance with contemporary luxury.
Desirable Location & Privacy: Situated in the highly sought-after Lake Encino area, the home is gated and private, offering an ideal sanctuary in one of Los Angeles' most desirable neighborhoods.
Spacious Lot & Resort-Style Backyard: Boasting a large lot just over 18,000 sq ft, the property features a spacious backyard oasis with ample lounging areas, an incredible original mid-century shaped pool, perfect for relaxation and entertaining.
Single-Story Layout with Ample Rooms: The sprawling single-story layout includes 5 completely redesigned large bedrooms plus an office, providing functional and comfortable living spaces for a discerning buyer.
Unique Architectural & Interior Features: Distinctive elements such as an elegant white oak pivot door, a serene entryway with a tranquil water feature, a charming bar, and a cozy 3-D fireplace enhance the home's character and luxury appeal.

Cons

Lack of Views: The property description explicitly states 'view: None,' which may be a drawback for buyers seeking scenic vistas, especially when several comparable properties in the area offer city, hill, or mountain views.
Significant Valuation Discrepancy: The current list price of $3.299M is substantially higher than the estimated property value of $1.96M, indicating a potential overpricing issue or a disconnect with market valuations, which could impact buyer interest and time on market.
Absence of Modern HVAC/Cooling System Mention: Despite an extensive remodel, the property description does not mention a modern HVAC or cooling system, which is a standard expectation for comfort in a luxury home in California's climate and could be a missing amenity for potential buyers.

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