
Tarzana, California 91356
This Custom Spanish Estate represents a High-Potential Investment Opportunity, listed at $3,999,999, which aligns with its $3,999,999 Fair Market Value. While the home maintains a Fair Condition Rating due to original 1999 interiors, its massive 32,417 sqft lot, Pebble Tec pool, and panoramic valley views provide a rare foundation for luxury value-add. Despite local school ratings, the property’s privacy and resort-style amenities offer significant upside for Value-Add Investors or Owner-Occupants seeking to modernize a premier Silverhawk asset.
Property is moderate renovation needed.
Built in 1999, the property is approximately 25 years old and appears to retain its original finishes. While the home is well-kept and functional, the kitchen and bathrooms feature dated tile work, cabinetry, and built-in appliances from the late 90s. Per the criteria, homes over 20 years old with original or dated interiors are classified as Fair, as they require cosmetic updates to meet modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 32417, living area = 6360.
Situated on arguably the most desirable lot in the Silverhawk community, this property offers unparalleled privacy with a deep setback, a 10-car motor court, and mature landscaping that ensures no overlooking neighbors.
The expansive backyard is a premier entertainment hub, featuring a lit sports court, a Pebble Tec pool with a waterslide, and a covered BBQ area, all positioned to capture stunning views of the San Fernando Valley.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 6.
The assigned elementary school has a low rating of 3, which may be a significant drawback for luxury buyers prioritizing high-performing public education.
With over 60 days on market and a recent $500,000 price reduction, the 1999-built custom home likely requires modern interior updates to align with current luxury buyer expectations.
Located in the prestigious 24 hour guard gated community of Silverhawk, this custom Ken Unger designed home sits in far back from the street and offers privacy, views on arguably the most desirable lot in the community. Spanning 6,500 square feet of living space, 7 beds & 6 baths and a back yard that is unmatched with a lit sports court, large grassy area, covered BBQ, and a Pebble Tec pool & spa with waterslide that is positioned at the far end of the property to capture the best views of the San Fernando Valley and Mulholland Hills Country Club golf course. This well-kept Spanish home includes a 3-car garage and motor court for 10 cars, mature trees and no neighbors positioned to see into your yard. This is a rare offering and an amazing opportunity to create a one-of-a-kind home in an A+ location.
No exterior & parking available.
Grades K-5 • 2.4 mi
Grades K-5 • 2.6 mi
Grades K-5 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 94% |
| Baths | 6.0 | 4.0 | 85% |
| Square foot | 6,360 | 2,841 | 93% |
| Lot Size | 32,417 | 17,499 | 93% |
| Price | $4.00M | $1.89M | 86% |
| Price per sq ft | $629 | $661 | 29% |
| Built year | 1999 | 1964 | 86% |
| HOA | $600.0 | $0 | 96% |
| Days on market | 87 | 156 | 13% |
May 2, 2026
$3,999,999
$4,495,000
-11% Price Drop
Initial Listing
Mar 19, 2026
$4,495,000
Initial Listing
Oct 20, 1994
$250,000
Public Record