
Calabasas, California 91302
This Exquisitely Remodeled Traditional is a Prime Investment Opportunity, listed at $4,250,000—positioned well below the $4,362,219 Fair Market Value by 2%. This valuation gap offers $112,219 in Instant Equity. Featuring a Mint Condition Rating, the home includes a Chef’s Kitchen, Private Pool and Spa, and Panoramic Mountain Views. Located in the guard-gated Mountain Park with access to Top-Rated Schools, this property is an ideal acquisition for Luxury Homeowners or Discerning Investors seeking a turnkey, high-appreciation asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24049 Chestnut Way Subject | $3,995,000* List Price | 6 | 6 | 5,328 | $755 | - |
A 24228 Dry Canyon Cold Creek Road Active | $3,549,000 List Price | 4 | 4 | 4,600 | $772 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1987, the property has undergone an exquisite recent remodel (likely within the last 5 years) featuring a high-end kitchen with Viking and SubZero appliances, modern hardwood flooring, and updated spa-style bathrooms. The home is in mint, move-in-ready condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30504, living area = 5328.
Situated in the prestigious Mountain Park enclave, the property offers 24/7 security and access to premium community amenities including tennis and pickleball courts.
The nearly 0.7-acre lot features a private pool, spa, covered pergola, and built-in BBQ, providing a rare level of outdoor space and privacy for the area.
The current list price of $4.25M is more than double the 2020 sale price of $1.985M, which may lead to buyer scrutiny regarding the pace of market value growth.
Between the $617 monthly HOA fee and the maintenance requirements of a 30,000+ square foot lot with a pool, the ongoing ownership expenses are considerable.
Behind the guard gates of Mountain Park in Calabasas, this exquisitely remodeled Traditional embodies timeless elegance, warmth and an airy, light-filled interior on nearly three-quarters of an acre. At over 5,300 square feet with 6 bedrooms and 5.5 bathrooms, the home unfolds across two levels with a layout that is as comfortable for daily life as it is impressive for entertaining. Upon entry, a sweeping curved staircase makes an immediate impression. The main level includes a bright living room that opens directly to the outdoor pergola, a separate den with a full wet bar, and a fireplace, all finished with hardwood floors. The home features three elegant fireplaces, located in the living room, family room, and primary suite. The kitchen features an eat-in layout beneath a large recessed skylight, with a walk-in pantry, SubZero refrigerator and Viking range. Upstairs, the large primary suite offers its own cozy fireplace, a large walk-in closet, and a spa style private bath with a built-in bathtub overlooking the rolling hills outside. The home also includes a 3-car attached garage with direct interior access. Designed for both relaxation and resort-style entertaining, the expansive grounds showcase a private pool, an outdoor space that centers around a private pool and spa, with a covered pergola, built-in BBQ, firepit, and expansive lawn and patio areas making the most of the large lot and its natural surroundings. Beyond the property itself, Mountain Park offers tennis and pickleball courts, a putting green, and an expansive community park within its grounds.
No exterior & parking available.
Grades K-5 • 2.2 mi
Grades 6-8 • 2.4 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 6.0 | 4.0 |
| Square foot | 5,328 | 3,125 |
| Lot Size | 30,504 | 11,864 |
| Price | $4.00M | $1.98M |
| Price per sq ft | $750 | $716 |
| Built year | 1987 | 1991 |
| HOA | $617.0 | $362 |
| Days on market | 64 | 56 |
Jun 18, 2026
$3,995,000
$4,250,000
-6% Price Drop
Initial Listing
May 19, 2026
$4,250,000
Initial Listing
Nov 25, 2020
$1,985,000
Public Record
Mar 26, 2004
$1,300,000
Public Record