20155 Observation Drive, Topanga, California 90290, Topanga, 90290 - 3 bed, 4 bath
Loading property details...
Topanga, California 90290
This Turnkey Canyon Estate is a Prime Investment Opportunity listed at $2,995,000—positioned well below the $3,117,171 Fair Market Value by 3%. This valuation gap offers $122,171 in Instant Equity for a residence in Turnkey Condition. The home features a modern chef's kitchen, panoramic mountain views, and an expansive 1.4-acre private lot framed by mature oaks. Located near premier hiking trails and beaches, the property delivers a sophisticated indoor-outdoor lifestyle. This is an ideal acquisition for Luxury Homebuyers or Owner-Occupants seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20155 Observation Drive Subject | $2,995,000* List Price | 3 | 4 | 2,579 | $1,207 | - |
A 21227 Colina Drive Sold | $2,450,000 | 3 | 2 | 2,000 | $1,225 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1958, the property has undergone an extensive high-end renovation within the last five years, presenting in turnkey condition. The home features a modern chef's kitchen with premium stainless steel appliances, updated bathrooms with contemporary fixtures, wide-plank hardwood flooring, and seamless indoor-outdoor transitions. All visible components, including light fixtures and large-scale glass doors, meet current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 62006, living area = 2579.
Situated on approximately 1.4 acres, the property offers a rare level of privacy and space framed by mature oaks, providing a serene sanctuary that is highly coveted in the Topanga canyon.
The home features breathtaking panoramic mountain and canyon views with a seamless indoor-outdoor layout, perfectly capturing the relaxed California lifestyle through its generous terraces and light-filled interiors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =62006, other record lot size in square feet = 25919.
Originally built in 1958, the property may possess older underlying systems or structural elements that require more frequent maintenance compared to contemporary constructions.
The current list price is nearly identical to its 2022 sale price, which may indicate a plateau in market value for this specific property tier or location over the recent cycle.
Perched high above the canyon on sought-after Observation Drive, this inviting Topanga residence offers expansive mountain views, privacy, and a relaxed indoor-outdoor lifestyle that defines canyon living at its best. Set on approximately 1.4 acres, the property is framed by mature oaks and open sky, creating a rare sense of space and serenity. The home features 3 bedrooms and 4 bathrooms, with light-filled interiors and a natural, flowing layout designed for both everyday living and intimate gatherings. An open chef's kitchen and generous living spaces extend seamlessly to outdoor patios and terraces, blurring the line between inside and out. Updated finishes and warm architectural details provide understated sophistication throughout. The elevated setting enjoys a cooler microclimate, exceptional privacy, and ample parking, an uncommon convenience in Topanga. Ideally located near hiking trails, beaches, and the heart of the canyon community, this is a rare opportunity to own a turnkey home with land, views, and privacy in one of Topanga's most desirable locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 64% |
| Square foot | 2,579 | 2,389.5 | 50% |
| Lot Size | 62,006 | 43,560 | 64% |
| Price | $3.00M | $1.73M | 82% |
| Price per sq ft | $1.2K | $714 | 82% |
| Built year | 1958 | 1980 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 237 | 14% |
Jan 29, 2026
$2,995,000
Initial Listing
May 19, 2022
$2,987,500
Public Record
Jul 16, 2021
$2,500,000
Public Record
Jun 7, 2019
$2,289,000
Public Record
Jun 1, 2017
$1,800,000
Public Record
Apr 19, 2001
$852,500
Public Record