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26763 Mulholland, Calabasas, California 91302, Calabasas, 91302 - 5 bed, 7 bath

26763 Mulholland, Calabasas, California 91302 home-pic-0
ACTIVE UNDER CONTRACT$3,195,000
26763 Mulholland, Calabasas, California 91302
5Beds
7Baths
5,523Sqft
151,456Lot
Year Built
1989
Close
-
List price
$3.19M
Original List price
$3.19M
Price/Sqft
$578
HOA
$607
Days on market
-
Sold On
-
MLS number
21727184
Home ConditionFair
Features
Excellent View: Canyon, Mountain(s), Panoramic, Pool, Pasture, Valley
Deck
Pool
Spa
Patio
ViewCanyon,Mountain(s),Panoramic,Pool,Pasture,Valley

About this home

We found 3 Cons,6 Pros. Rank: price - $3.19M(71th), sqft - 5523(85th), beds - 5(62th), baths - 7(89th).

Authentic Southern California Lifestyle! Must see and walk this property designed specifically for indoor/outdoor living! Prestigious driveway up through the property. Custom built one owner home boasts approx 7000sf of indoor/outdoor living (5523 interior sf) with covered patios, balconies & lanai to enjoy the Malibu Valley climate. Panoramic views abundant from virtually every room on this premium lot within the Gated Community of Malibu Valley Estates. 5 bedrooms including 2 bedroom (1 en suite bath) attached guest unit with 2 bathrooms, kitchen, living room/fireplace and patio. Master Retreat with expansive tub, shower, dual sinks, dual walk in closets and dry spa. Private patio & direct access to pool courtyard. Two downstairs bedrooms. Formal dining, breakfast nook & patio. Separate, cozy family and living rooms each with fireplace. Vaulted, beamed ceilings to capture forever views from wherever you choose to entertain on main level of this spacious, 4-fireplace home & wrap around lanai. 4 car garage with storage, 3 level elevator. Resort like wet bar, pass through window to courtyard pool and elevated spa. Tranquil, country feel only minutes to all essentials. Top rated schools & equestrian center nearby. Desirable space for a family to live, work and play & have privacy within home due to well thought out floorplan. 3+ acres on two parcels.

Condition Rating
Fair
Built in 1989, this property is well-maintained but shows its age through significantly dated interior finishes. The kitchen features original-style light wood cabinetry, tiled countertops, and older appliances. Bathrooms also exhibit very dated styles, including tiled countertops, gold-tone shower enclosures, and pink accent tiles, all consistent with the original build era. While functional, these key areas require substantial updates to meet current aesthetic and quality standards, aligning with a 'fair' condition rating where major components are functional but show signs of being outdated and require minor to significant updates.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 151456, living area = 5523.
Panoramic Views: The property boasts abundant panoramic views of canyons, mountains, pool, pasture, and valley from virtually every room, significantly enhancing its appeal and value.
Expansive Indoor/Outdoor Living: Designed for the Southern California lifestyle, the home offers approximately 7000 sqft of combined indoor/outdoor living space, including covered patios, balconies, and a lanai.
Attached Guest Unit: Includes a versatile 2-bedroom attached guest unit with an en-suite bath, kitchen, living room, fireplace, and patio, ideal for multi-generational living or private guest accommodations.
Luxury Amenities & Features: Equipped with high-end features such as a 3-level elevator, 4-car garage with storage, resort-like wet bar, elevated spa, and a master retreat with a dry spa and dual walk-in closets.
Prestigious Location & Schools: Situated on 3+ acres within the Gated Community of Malibu Valley Estates, offering privacy and a tranquil country feel, with access to top-rated Las Virgenes schools.

Cons

Age and Potential for Updates: Built in 1989 and described as a 'one owner home,' the property may feature original systems and finishes that could require significant investment to modernize to current luxury standards.
High Monthly Association Fee: A substantial monthly association fee of $607 adds a considerable recurring cost to the overall ownership expenses.
Extended Market Time: Listed since May 2021 and currently 'Active Under Contract' (as of August 2024), the prolonged market presence suggests potential challenges with pricing, condition, or buyer interest.

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