24142 Park Riviera, Calabasas, California 91302, Calabasas, 91302 - 5 bed, 5 bath
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Calabasas, California 91302
This Stunning Westridge Estate is a High-Potential Investment Opportunity, listed at $3,500,000—positioned well below the $3,952,937 Fair Market Value by 11%. This valuation gap offers $452,937 in Instant Equity. Featuring a Good Condition Rating, the home boasts a remodeled marble kitchen, panoramic 180-degree views, and a private pool and spa. Located in the Las Virgenes school district, this property is an ideal acquisition for discerning luxury buyers or owner-occupants seeking a move-in ready sanctuary with significant upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24142 Park Riviera Subject | $3,500,000* List Price | 5 | 5 | 4,992 | $759 | - |
A 24215 Park Granada Sold | $4,000,000 | 5 | 5 | 5,182 | $772 | 0.2 mi |
B 24082 Park Casino Active | $3,400,000 List Price | 4 | 5 | 4,992 | $681 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1988 (36 years old), it is rated 'Good' due to significant updates and high maintenance levels. The kitchen has been completely updated with marble countertops and stainless appliances, the interior features fresh paint, and the powder room has been refreshed. The home is described as move-in ready, fitting the profile of a well-maintained property with major renovations likely completed within the 5-15 year window.
The property features exceptional 180-degree views of the Valley and Warner Center, a rare and highly valued attribute that significantly enhances the home's prestige and marketability.
As the largest and most sought-after model in the Westridge community, the nearly 5,000 sqft layout offers a dramatic two-story foyer, a main-floor guest suite, and a spacious primary retreat.
The heart of the home has been fully modernized with marble countertops, a six-burner cooktop, and premium stainless steel appliances, meeting the high finish expectations of luxury buyers.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
While the kitchen and paint are updated, the 1988 construction suggests that other original elements, such as secondary bathrooms or major mechanical systems, may require further investment to fully match the home's premium price point.
The $450 monthly HOA fee, combined with the $3.5M entry price, results in significant recurring costs that may limit the buyer pool to a specific high-net-worth segment.
Set behind the guard gates of the Westridge community, this is the largest and most sought-after floor plan in the neighborhood, offering 180-degree views of the Valley and Warner Center. A dramatic two-story foyer welcomes you in, crowned by a large skylight that pours natural light across the entry. Wood beam ceilings add warmth and architectural character throughout the main level. Fresh interior paint gives the home a clean, move-in-ready feel. The kitchen has been completely updated and anchors the heart of the home. Marble countertops, a center island, six-burner cooktop, and stainless steel appliances give it the finish level buyers at this price point expect. It opens directly to a large family room, creating an effortless flow for both weekday mornings and weekend entertaining. The powder room has also been refreshed with updated finishes. Formal living and dining rooms handle the more polished occasions. A separate bonus room with a fireplace and wet bar offers flexibility as a media room, game room, or second entertaining space. Five bedrooms and five bathrooms provide the scale and separation this plan is known for. One bedroom with an ensuite bath sits on the main level, ideal as a guest suite, office, or in-law accommodation. Upstairs, four additional bedrooms include a true primary retreat with a sitting area, fireplace, and a private balcony framed by the views. The primary bath features dual vanities, two closets, and a large soaking tub. Outside, the yard was built for entertaining. A pool and spa, dedicated BBQ area, and open patio space take full advantage of the view line. A three-car garage adds everyday practicality. Westridge is a guard-gated community with a private park and tennis courts, set just minutes from the Calabasas Commons, Las Virgenes schools, and the 101 freeway. The combination of security, amenities, and location is one of the reasons this neighborhood holds its value so consistently. Homes offering this floor plan and this view line rarely come to market in Westridge. A private showing will confirm why.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 57% |
| Baths | 5.0 | 4.0 | 66% |
| Square foot | 4,992 | 2,918 | 81% |
| Lot Size | 15,458 | 13,342 | 55% |
| Price | $3.50M | $1.99M | 75% |
| Price per sq ft | $701 | $726 | 41% |
| Built year | 1988 | 1987 | 54% |
| HOA | $450.0 | $106 | 85% |
| Days on market | 54 | 145 | 5% |
Apr 21, 2026
$3,500,000
Initial Listing
Aug 1, 2003
$1,400,000
Public Record
Jul 27, 2001
$1,175,000
Public Record
Jun 9, 1995
$699,500
Public Record