
Tarzana, California 91356
This iconic Pink Flamingo Estate represents a High-Potential Investment Opportunity, listed at $3,495,000—positioned well below the $3,602,563 Fair Market Value by 3%. This valuation gap offers $107,563 in Instant Equity. Featuring a Condition Rating of 4, the property offers a rare 39,363-square-foot lot with mountain views, a private pool and spa, and owned solar panels. While the interior requires modernization, the architectural scale is unmatched. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a unique, customizable estate.
Property is moderate renovation needed.
Built in 1989 (35 years old), the home features original late-1980s Art Deco interiors. While the property is exceptionally well-maintained with a new roof, solar panels, and high-end Sub-Zero/Thermador appliances, the kitchen and six bathrooms are stylistically dated and exceed the 20-year threshold for a 'Good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 39363, living area = 5380.
Known as the 'Pink Flamingo Estate,' this one-of-a-kind Art Deco residence features a dramatic moat entry and soaring ceilings, offering a rare level of architectural scale and personality.
Set on a nearly 40,000-square-foot lot in the Tarzana Hills, the property provides exceptional privacy, mountain views, and a resort-style pool and spa area.
The late-1980s Art Deco styling is highly specific and may require a significant renovation budget for buyers seeking a more contemporary or neutral living space.
The property is zoned for several local public schools with lower performance ratings (3-4), which may be a deterrent for families prioritizing top-tier educational districts.
Located in the prestigious Tarzana Hills, the iconic Pink Flamingo Estate is a striking one-owner private gated residence blending dramatic architectural design with true late-1980s Art Deco interiors and styling at their finest. Set far back off the street, the estate offers bold character, dramatic scale, and a rare opportunity to own a truly one-of-a-kind residence with timeless Art Deco design, incredible originality, and endless potential.A long, private gated driveway leads to an incredible moat entry with water feature, creating a dramatic arrival experience and setting the tone for the home's unforgettable presence. Situated on an expansive approximately 39,000-square-foot lot, the property captures gorgeous mountain views and exceptional privacy. The resort-style grounds feature a beautiful private pool and spa overlooking the surrounding mountains, multiple entertaining areas, owned solar panels, and a new roof.Built in 1989, the approximately 5,380-square-foot residence features 5 bedrooms and 6 bathrooms with soaring ceilings, grand-scale living areas, and distinctive Art Deco details throughout. The flexible floor plan includes 2 bedrooms downstairs and 3 bedrooms upstairs. The primary suite offers dual walk-in closets, while one of the downstairs guest suites features a private dry sauna.The kitchen is equipped with Sub-Zero refrigerator and freezer units, double Thermador ovens, and a Dacor 5 burner range, blending functionality with the home's signature design aesthetic. Lovingly maintained over the years, the residence presents an exceptional opportunity to preserve, enhance, or personalize this iconic estate while maintaining its authentic architectural and Art Deco integrity.A truly rare offering in one of Tarzana's most sought-after hillside neighborhoods an authentic Art Deco estate ready for its next chapter.
No exterior & parking available.
Grades K-5 • 2.1 mi
Grades K-5 • 2.6 mi
Grades K-5 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 67% |
| Baths | 6.0 | 4.0 | 85% |
| Square foot | 5,380 | 2,844 | 86% |
| Lot Size | 39,363 | 17,462 | 93% |
| Price | $3.50M | $1.86M | 85% |
| Price per sq ft | $650 | $661 | 47% |
| Built year | 1989 | 1963 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 149 | 3% |
May 18, 2026
$3,495,000
Initial Listing