24366 La Masina Court, Calabasas, California 91302, Calabasas, 91302 - 5 bed, 6 bath

24366 La Masina Court, Calabasas, California 91302 home-pic-0
ACTIVE UNDER CONTRACT$4,850,000
24366 La Masina Court, Calabasas, California 91302
5Beds
6Baths
9,166Sqft
18,541Lot
Year Built
1987
Close
-
List price
$4.85M
Original List price
$4.85M
Price/Sqft
$529
HOA
$410
Days on market
-
Sold On
-
MLS number
SR25104188
Home ConditionFair
Features
Excellent View: City Lights, Canyon, Neighborhood, Panoramic
Pool
Spa
Patio
ViewCity Lights,Canyon,Neighborhood,Panoramic

About this home

Possibly Over-Priced:The estimated price is 44% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.85M(87th), sqft - 9166(98th), beds - 5(62th), baths - 6(79th).

BANKRUPTCY SALE - VIEWS, VIEWS, VIEWS! Welcome to this stunning Calabasas estate, perched atop a hill in the prestigious guard-gated community of Vista Pointe. Boasting nearly 10,000 sq ft of custom living space and some of the most breathtaking panoramic views in Calabasas, this entertainer’s dream offers luxury, privacy, and endless potential. Upon entering, you’re greeted by a grand entry with soaring high ceilings that flow into the formal living room, complete with a cozy fireplace and panoramic views. The main level also includes the chef's kitchen with center island, two bedrooms with en-suite bathrooms, a formal chandelier-lit dining room, and a sunlit home office/library with large windows and direct access to the backyard. The expansive family room showcases a built-in fish tank and media wall, ideal for gatherings and relaxed evenings. For movie nights, head upstairs to the private theater featuring a state-of-the-art sound system and projector. Upstairs, you can also find a spacious game room with wet bar and three bedroom suites, each with a sitting room, fireplace, full en suite bathroom, and private balcony. The spacious primary suite offers a private balcony with sweeping mountain views, while the spa-like bathroom includes a sauna, Jacuzzi tub, and dual his-and-hers closets. The home also boasts four staircases, extensive custom stonework and ironwork, and a massive 8-car garage with granite flooring. Outside, indulge in resort-style living with a walk-in pool and spa, tranquil waterfall, koi pond, and expansive patio space — all set against breathtaking views of the Santa Monica Mountains.

Nearby schools

6/10
Bay Laurel Elementary School
Public,K-50.6mi
7/10
Alice C. Stelle Middle School
Public,6-82.4mi
8/10
Calabasas High School
Public,9-122.0mi
Condition Rating
Fair

Built in 1987, this expansive estate boasts luxurious features and appears well-maintained, particularly the outdoor pool area which looks updated. However, the interior, as seen in the dining room, exhibits a style that is likely 15-30 years old, with ornate fixtures, built-in cabinetry, and black countertops that are no longer considered current. While the description mentions a 'chef's kitchen' and 'spa-like bathroom,' without direct images, it's reasonable to assume these areas reflect a similar dated luxury aesthetic from its original construction or an older renovation. The property is functional and grand but requires significant cosmetic updates in key areas like the kitchen and bathrooms to align with modern luxury standards. The 'BANKRUPTCY SALE' status also suggests potential for deferred maintenance, further supporting a 'fair' condition rating.
Pros & Cons

Pros

Panoramic Views: The property offers breathtaking panoramic views of the Santa Monica Mountains, enhancing its luxury appeal and providing a serene backdrop.
Expansive Custom Living Space & Amenities: Boasting nearly 10,000 sq ft of custom living space, including a chef's kitchen, private theater, game room with wet bar, and multiple en-suite bedrooms, it's designed for grand entertaining and luxurious living.
Resort-Style Outdoor Living: The exterior features a walk-in pool and spa, tranquil waterfall, koi pond, and expansive patio space, creating a private resort-like oasis.
Prestigious Guard-Gated Community: Located in the exclusive guard-gated community of Vista Pointe, offering enhanced security, privacy, and a prestigious address.
Massive 8-Car Garage: A rare and highly desirable feature, the property includes a massive 8-car garage with granite flooring, appealing to car enthusiasts or those needing extensive storage.

Cons

Bankruptcy Sale Status: The property is a 'BANKRUPTCY SALE,' which can imply a complex transaction process, potential for deferred maintenance, and may deter some buyers or lenders.
Significant Valuation Discrepancy: The listing price is significantly higher than the estimated property value (estimation ratio of -44%), which could indicate overpricing or a challenging appraisal process for potential buyers.
Potential for High Maintenance & Operating Costs: Given its nearly 10,000 sq ft size, extensive custom features, resort-style amenities, and 1987 build year, the property likely incurs substantial ongoing maintenance, utility, and insurance expenses.

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