730 Crater Camp Drive, Calabasas, California 91302, Calabasas, 91302 - 3 bed, 4 bath

730 Crater Camp Drive, Calabasas, California 91302 home-pic-0
ACTIVE$3,499,000
730 Crater Camp Drive, Calabasas, California 91302
3Beds
4Baths
Sqft
73,101Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
RTI-Ready Opportunity: The property comes with ready-to-issue permits for a main house and guest house, significantly reducing development time and costs.
Top Cons:
Year Built: The property was built in 1970, which may require updates to meet modern standards and preferences.

Compared to the nearby listings

Price:$3.50M vs avg $1.98M (+$1,514,562.5)74%
Size: sqft vs avg 3,056 sqft1%
Price/sqft:$0 vs avg $6971%

More Insights

Built in 1970 (55 years old).
Condition: The property was built in 1970. The listing mentions 'RTI-Ready Opportunity' and 'plans for an exceptional main house, a permitted guest house, and plans for a 7-car detached barn garage/pool house', suggesting the existing structure is not new and requires significant work. The images show the existing guest house, tennis court, horse stalls, and fruit stand, but no clear images of the kitchen or bathrooms in the main house. Given the age and the focus on new construction, the existing structure is likely aged but maintained, placing it in the 'fair' category.
Year Built
1970
Close
-
List price
$3.5M
Original List price
$3.95M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
24442579
Home ConditionFair
Features
Good View: Hills, Mountain(s), Trees/Woods
ViewHills, Mountain(s), Trees/Woods

About this home

Lowered Price! RTI-Ready Opportunity in the captivating Monte Nido community! This is an unparalleled, once-in-a-lifetime opportunity to craft a dream estate in the highly sought-after enclave, perfectly located between Malibu and Calabasas. With ready-to-issue permits for an exceptional main house, a permitted guest house, and plans for a 7-car detached barn garage/pool house, this property offers the rare privilege of bringing your vision to life without delay. Set on an expansive, gated lot surrounded by majestic mature oak trees, this nearly 2-acre estate provides a blend of ultimate privacy and natural beauty. Known for its close-knit community, this exclusive neighborhood offers residents a serene connection to the peaceful surroundings. The property features premium amenities, including a private tennis court, horse stalls, an existing guest house, and a charming fruit stand, offering a refined yet nature-inspired lifestyle. Opportunities of this caliber in Monte Nido are exceedingly rare. Don't miss the chance to create your own luxurious retreat in this exclusive and tranquil setting, just moments from Malibu's beaches, canyons, and Calabasas.

Condition Rating
Fair

The property was built in 1970. The listing mentions 'RTI-Ready Opportunity' and 'plans for an exceptional main house, a permitted guest house, and plans for a 7-car detached barn garage/pool house', suggesting the existing structure is not new and requires significant work. The images show the existing guest house, tennis court, horse stalls, and fruit stand, but no clear images of the kitchen or bathrooms in the main house. Given the age and the focus on new construction, the existing structure is likely aged but maintained, placing it in the 'fair' category.
Pros & Cons

Pros

RTI-Ready Opportunity: The property comes with ready-to-issue permits for a main house and guest house, significantly reducing development time and costs.
Expansive Lot: The nearly 2-acre gated lot provides ample space and privacy, surrounded by mature oak trees and natural beauty.
Premium Amenities: Features like a private tennis court, horse stalls, existing guest house, and fruit stand offer a unique and luxurious lifestyle.
Desirable Location: Located in the sought-after Monte Nido community, offering a serene environment between Malibu and Calabasas, close to beaches and canyons.
Development Potential: Plans for a 7-car detached barn garage/pool house provide further opportunities for customization and expansion.

Cons

Year Built: The property was built in 1970, which may require updates to meet modern standards and preferences.
Potential Renovation Costs: While permits are ready, the existing structures may require renovation or upgrades, adding to the overall investment.
Price Reduction: The recent price reduction from $3.95M to $3.499M may indicate challenges in the market or perceived value.

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