
Calabasas, California 91302
This Spacious Mulwood Residence is a Strong Value Opportunity, listed at $1,799,000—positioned well below the $1,937,360 Fair Market Value by 7%. This valuation gap offers $138,360 in Instant Equity for buyers. Boasting a Condition Rating of 3, the property features a resort-style backyard with a pool, spa, and putting green on an expansive 11,420 sqft lot. Located in the elite Las Virgenes School District, it provides a premium lifestyle near top-rated schools. This is an ideal acquisition for Luxury-Seeking Families or Owner-Occupants looking to build immediate wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22815 Sparrowdell Subject | $1,699,000* List Price | 5 | 4 | 2,810 | $640 | - |
A 3935 Bon Homme Sold | $1,758,855 | 4 | 4 | 3,041 | $578 | 0.3 mi |
B 22649 Town Crier Road Sold | $1,700,000 | 4 | 3 | 2,414 | $704 | 0.4 mi |
C 4080 Meadow Lark Sold | $1,830,000 | 5 | 3 | 2,785 | $657 | 0.2 mi |
D 4086 Declaration Sold | $1,560,000 | 4 | 3 | 2,521 | $619 | 0.3 mi |
E 3627 Via Del Prado Sold | $2,075,000 | 5 | 4 | 3,779 | $549 | 1.0 mi |
F 22612 Paul Revere Sold | $1,500,000 | 3 | 4 | 2,018 | $743 | 0.4 mi |
G 22650 Jameson Drive Active | $2,194,999 List Price | 5 | 5 | 2,947 | $745 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1972, the property has undergone significant renovations within the 5-15 year range. Images show a modernized primary bathroom with a frameless glass shower and contemporary tile, updated hardwood flooring, and a high-end outdoor kitchen and putting green. The home is well-maintained and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11420, living area = 2810.
The expansive 11,000+ square foot lot is a private recreational oasis featuring a pool, spa, putting green, and a dedicated basketball court, offering rare lifestyle value for the neighborhood.
Located in the award-winning Las Virgenes School District, the property is within walking distance of top-rated institutions like Calabasas High and Chaparral Elementary.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2810, other record living area = 2498.
Built in 1972, the home may require cosmetic or system updates to meet the contemporary luxury standards expected by buyers in the high-end Calabasas market.
While the lot is large and private, the property lacks the panoramic canyon or mountain views often sought after in this price point within the Calabasas area.
Located on a quiet cul-de-sac in the highly desirable Mulwood neighborhood of Calabasas, this 5-bedroom, 4-bath home offers approximately 2,800 square feet on an expansive approximately 11,000 square foot lot within the award-winning Las Virgenes School District. The main level features a functional layout with well-connected living, dining, and family rooms, highlighted by a fireplace and French doors that open to the backyard for seamless indoor-outdoor flow. The kitchen is centrally positioned with direct access outside, ideal for both everyday living and entertaining. A main-level bedroom adds flexibility for guests, office, or multi-generational use. Upstairs, the primary suite includes generous closet space and an en suite bath with dual vanities, soaking tub, and separate shower. Three additional bedrooms complete the upper level. The backyard is a highlight of the home’s entertainment space, featuring a pool with pre-installed volleyball net anchor parts, spa, BBQ area, putting green, and a dedicated basketball court/play area, all surrounded by mature landscaping and enhanced by the generous lot size. Conveniently located near The Calabasas Commons, parks, hiking trails, and local dining, with access to some of the area’s top-rated public and private schools, this home presents a great opportunity to enjoy the Calabasas lifestyle in one of its most established and sought-after communities.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.7 mi
Grades 6-8 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 56% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,810 | 2,864 | 50% |
| Lot Size | 11,420 | 13,162.5 | 43% |
| Price | $1.70M | $2.03M | 30% |
| Price per sq ft | $605 | $738 | 21% |
| Built year | 1972 | 1985 | 42% |
| HOA | $0 | $130 | 45% |
| Days on market | 37 | 144 | 1% |
Jun 4, 2026
$1,699,000
$1,799,000
-6% Price Drop
Initial Listing
Apr 30, 2026
$1,799,000
Initial Listing