
Topanga, California 90290
This Three-Parcel Equestrian Retreat represents a High-Potential Investment Opportunity, listed at $1,949,000—positioned above the $1,713,835 Fair Market Value. While the property carries a premium, its 32,438 sqft lot and Equestrian Facilities offer significant long-term value. Featuring a Condition Rating of 4, the home requires cosmetic updates to modernize its 1949 structure. With its Mountain Views and proximity to Topanga State Park, this property is an ideal acquisition for Equestrian Enthusiasts or Creative Developers seeking a unique, multi-parcel compound.
Property is moderate renovation needed.
Originally built in 1949, the property is well-maintained but shows its age. While the description notes an updated kitchen, the bathroom finishes and exterior asphalt appear dated (likely 15-20+ years old), fitting the criteria for a home needing minor cosmetic updates and potential system overhauls due to the 75-year-old structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 32438, living area = 1296.
The property is a horse-lover's dream, featuring a private arena and a high-quality Castlebrook barn with two large stalls, complemented by immediate access to Topanga State Park trails right across the street.
Spanning over 32,000 square feet across three legal lots, the gated grounds offer exceptional privacy, mature oak trees, and significant potential for future expansion or development in a highly desired neighborhood.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =32438, other record lot size in square feet = 6912.
Despite having three bedrooms, the home only features one bathroom, which may be a significant functional drawback for families or guests at this price point.
With only 1,296 square feet of living space priced at over $2.2 million, the property carries a very high price-per-square-foot ratio that may challenge buyers looking for more interior volume.
Rare Three-Parcel Post Office Tract Retreat with Barn and Mountain Views. Tucked into the canyon where the pace slows, this private gated retreat offers a uniquely Topanga lifestyle. Relax in a hammock as birdsong fills the air and deer wander nearby. Hummingbirds gather among fruit trees and roses while frogs echo through the night. Mountain views surround the property while trails across the street lead to ocean views and breezes. Three parcels create rare openness and flexibility for an equestrian retreat, artist's sanctuary, micro farm, entertainer's compound or indoor-outdoor lifestyle. Enjoy a screened porch, putting green and classic wood-burning fireplace. The barn could be reimagined as a garage, studio or ADU while the corral offers potential for an expansive vegetable or flower garden. Bordering Topanga State Park, this is a rare opportunity to create something extraordinary.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 3.0 | 10% |
| Square foot | 1,296 | 2,110.5 | 13% |
| Lot Size | 32,438 | 32,099.5 | 50% |
| Price | $1.95M | $1.62M | 63% |
| Price per sq ft | $1.5K | $724 | 97% |
| Built year | 1949 | 1971 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 229 | 3% |
Jun 7, 2026
$1,949,000
$2,149,000
-9% Price Drop
Initial Listing
May 25, 2026
$2,149,000
$2,249,000
-4% Price Drop
Initial Listing
May 3, 2026
$2,249,000
Initial Listing
Sep 14, 2021
$1,985,000
Public Record
May 25, 2012
$860,000
Public Record
Apr 20, 2007
$1,045,000
Public Record