5516 Via Olas, Newbury Park, California 91320, Newbury Park, 91320 - 6 bed, 6 bath

5516 Via Olas, Newbury Park, California 91320 home-pic-0
ACTIVE$2,900,000$4,875/sqft
Est. Value: $3,017,480
4%
BelowEstimate
5516 Via Olas, Newbury Park, California 91320
6Beds
6Baths
4,875Sqft
62,726Lot

Price Vs. Estimate

The estimated value ($3,017,479.59) is $117,479.59 (4%) higher than the list price ($2,900,000). This property may be underpriced.

Key pros and cons

Top 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 = 62726, living area = 4875.
Top Cons:
Extensive Lot Maintenance: The nearly 1.5-acre lot, while offering privacy and amenities, will require substantial ongoing landscaping and maintenance efforts or costs for the homeowner.

Compared to the nearby listings

Price:$2.90M vs avg $1.06M (+$1,840,000)99%
Size:4,875 sqft vs avg 2,006 sqft97%
Price/sqft:$595 vs avg $53470%

More Insights

Built in 2002 (24 years old).
Condition: This property, built in 2002, has undergone an extensive and high-quality remodel starting in 2021, with key updates completed as recently as 2023 (second primary suite) and 2024 (outdoor kitchen). The kitchen features modern, high-end appliances, quartz countertops, and custom cabinetry. All bathrooms are newly renovated with contemporary fixtures and finishes. The property boasts wide-plank engineered wood flooring, new windows and doors, designer lighting, and an updated HVAC system with new ductwork. The addition of Tesla solar with four Powerwalls further enhances its modern appeal and efficiency. All components appear new or virtually new, reflecting current quality standards with no deferred maintenance.
Year Built
2002
Close
-
List price
$2.9M
Original List price
$2.9M
Price/Sqft
$595
HOA
$149
Days on market
-
Sold On
-
MLS number
226000206
Home ConditionExcellent
Features
Excellent View: Hills, Mountain(s)
Patio
ViewHills, Mountain(s)

About this home

A refined blend of timeless design and true California indoor-outdoor living, set on nearly 1.5 acres at the end of a quiet cul-de-sac within the gated Palermo community of Dos Vientos.From the moment you arrive, this single-story estate makes a lasting impression. Step inside and be guided through light-filled spaces defined by wide-plank engineered wood flooring, custom crown molding throughout, new windows and doors, and carefully curated designer lighting all part of an extensive remodel that began in 2021.At the heart of the home is a statement kitchen, thoughtfully designed for both everyday living and effortless entertaining. Anchored by a generous center island, the kitchen features quartz countertops, a built-in refrigerator, dual dishwashers, two sinks, and soft-close cabinetry and drawers combining luxury with exceptional functionality. The kitchen flows seamlessly into the family room, where expansive accordion doors open wide to the covered patio, creating a true indoor-outdoor experience.The floor plan offers exceptional flexibility with two primary suites, allowing the future owner to decide which best fits their lifestyle. The original primary suite is generously sized and privately situated, while the second primary suite completed in 2023 is accessed through a den that can serve as a home office. This newer suite features a spacious walk-in closet and a well-appointed primary bath, creating a serene sanctuary within the home.In total, the main residence offers five bedrooms and four-and-a-half bathrooms, all thoughtfully laid out on a single level. The additional bedrooms and bathrooms have also been remodeled, maintaining the same level of quality and finish found throughout the home.A detached casita with its own bedroom and full bath offers a private, self-contained space separate from the main residence ideal for an in-law suite, nanny quarters, guest accommodations, or a flexible retreat tailored to the new owner's needs.Outdoors, a resort-style backyard unfolds, framed by mountain views and exceptional privacy. Completed in 2024, the outdoor kitchen features a built-in BBQ, two burners, a warming drawer, sink, and bar-height seating, all set beneath a wood pergola structure ideal for entertaining. A custom fire pit creates a natural gathering space for evenings under the stars. The grounds are further enhanced by mature citrus trees, including lemon, lime, orange, and pomegranate, adding both charm and a true California lifestyle element. Steps lead up the hillside to an elevated seating area and a private bocce ball court, creating a truly unique outdoor retreat.The two-car garage is finished with an epoxy floor and recessed can lighting, offering versatility beyond traditional parking. Whether used as a home gym, workshop, creative space, or casual hangout area, this space is designed to adapt to a variety of lifestyles.Additional highlights include an updated HVAC system with new ductwork, Tesla solar with four Tesla Powerwalls, a three-car garage, a striking temperature-controlled wine wall, and access to nearby hiking trails, parks, and the natural beauty that defines Dos Vientos.Spanning approximately 4,875 square feet and thoughtfully designed to accommodate a variety of lifestyles, this single-story estate is set within one of the area's most sought-after gated communities, offering an exceptional blend of space, privacy, and refined living.

D
Danielle Courtney
Listing Agent
Condition Rating
Excellent

This property, built in 2002, has undergone an extensive and high-quality remodel starting in 2021, with key updates completed as recently as 2023 (second primary suite) and 2024 (outdoor kitchen). The kitchen features modern, high-end appliances, quartz countertops, and custom cabinetry. All bathrooms are newly renovated with contemporary fixtures and finishes. The property boasts wide-plank engineered wood flooring, new windows and doors, designer lighting, and an updated HVAC system with new ductwork. The addition of Tesla solar with four Powerwalls further enhances its modern appeal and efficiency. All components appear new or virtually new, reflecting current quality standards with no deferred maintenance.
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 = 62726, living area = 4875.
Extensive & Recent Remodel: The property underwent an extensive, high-quality remodel starting in 2021, including new windows, doors, custom molding, and designer lighting, ensuring a modern and refined aesthetic throughout.
Gourmet Chef's Kitchen: Features a thoughtfully designed statement kitchen with a generous center island, quartz countertops, built-in refrigerator, dual dishwashers, and two sinks, ideal for entertaining and daily living.
Flexible Multi-Generational Living: Offers exceptional versatility with two primary suites within the main residence and a detached casita (bedroom/bath), accommodating various needs such as in-laws, guests, or a dedicated home office.
Resort-Style Outdoor Oasis: Set on nearly 1.5 acres, the backyard boasts mountain views, an outdoor kitchen (built-in BBQ, warming drawer), custom fire pit, mature citrus trees, and a bocce ball court, creating a private, entertaining haven.
Advanced Energy Efficiency & Modern Systems: Equipped with Tesla solar and four Powerwalls, along with an updated HVAC system and new ductwork, providing significant energy savings and modern comfort.

Cons

Extensive Lot Maintenance: The nearly 1.5-acre lot, while offering privacy and amenities, will require substantial ongoing landscaping and maintenance efforts or costs for the homeowner.
Absence of a Swimming Pool: Despite the 'resort-style backyard' and California climate, the property does not include a swimming pool, which may be a desired amenity for some high-end buyers expecting a full outdoor entertainment package.
Gated Community Association Fees: Being part of a gated community incurs a recurring association fee ($149/month), which is an additional ongoing cost for the homeowner.
Browse Properties by State Browse housing market trends by state