20155 Observation Drive, Topanga, California 90290, Topanga, 90290 - 3 bed, 4 bath

20155 Observation Drive, Topanga, California 90290 home-pic-0

20155 Observation Drive

Topanga, California 90290

ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
2,579Sq Ft
62,006Lot Size

Property Price

LIST PRICE$2,995,000
EST. MARKET VALUE
$3,117,171
3% BelowMARKET VALUE

SUMMARY

Estimated Market Value

$3,117,171 +$122,171 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Topanga.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
20155 Observation Drive
Subject
$2,995,000*
List Price
342,579$1,209-
A
21227 Colina Drive
Sold
$2,450,000322,000$1,2251.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 62006, living area = 2579.

  • Expansive Private Lot

    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.

  • Exceptional Views and Flow

    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.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    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.

  • Vintage Infrastructure

    Originally built in 1958, the property may possess older underlying systems or structural elements that require more frequent maintenance compared to contemporary constructions.

  • Limited Recent Appreciation

    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.

About 20155 Observation Drive

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.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1958
Lot Size
62,006 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths4.03.0
70%
Square foot2,5792,385
52%
Lot Size62,00638,773
63%
Price$3.00M$1.70M
81%
Price per sq ft$1.2K$705
85%
Built year19581979
15%
HOA$0$0
50%
Days on market36222
4%

Pricing History

Listed for Sale

Jan 29, 2026

$2,995,000

Initial Listing

Sold

May 19, 2022

$2,987,500

Public Record

Sold

Jul 16, 2021

$2,500,000

Public Record

Sold

Jun 7, 2019

$2,289,000

Public Record

Sold

Jun 1, 2017

$1,800,000

Public Record

Sold

Apr 19, 2001

$852,500

Public Record

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