730 Crater Camp Drive, Calabasas, California 91302, Calabasas, 91302 - 5 bed, 4 bath
ACTIVE$2,995,000
730 Crater Camp Drive, Calabasas, California 91302
5Beds
4Baths
Sqft
73,101Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Permit-Ready Development: Rare 'RTI' (Ready-To-Issue) permits are in hand for a 3,500 sq ft main house, a permitted guest house, and plans for a 7-car barn-style garage and pool house, significantly streamlining the building process.
Top Cons:
Requires Significant Construction: While permit-ready, the property is a development opportunity requiring substantial additional investment and time to construct the envisioned luxury estate.
Compared to the nearby listings
Price:$3.00M vs avg $1.98M (+$1,010,562.5)68%
Size: sqft vs avg 3,056 sqft1%
Price/sqft:$0 vs avg $6971%
More Insights
Built in 1970 (55 years old).
Condition: The property is explicitly marketed as a 'Permit-Ready' development opportunity, with plans for a new 3,500 sq ft main house, guest house, and other structures. The listing states it is 'Not Move-In Ready' and 'Requires Significant Construction.' The existing house was built in 1970 (54 years old) and shows an older exterior in the images, with no mention of recent renovations. The value is clearly in the land and the permits for redevelopment, indicating the existing structures are considered obsolete or beyond repair for the intended luxury estate.
Year Built
1970
Close
-
List price
$3M
Original List price
$3.2M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25576151
Home ConditionTear down
Features
Good View: Canyon, Mountain(s)
ViewCanyon, Mountain(s)
About this home
Permit-Ready Monte Nido Estate Rare, RTI Opportunity. A private, gated compound nestled between Malibu and Calabasas, this is Monte Nido at its finest. Nearly 2 acres of flat, usable land with RTI permits in hand for a 3,500 sq ft main house, a permitted guest house, and plans for a 7-car barn-style garage and pool house. This one checks every box: professional tennis court, horse stalls, multiple structures, mature oak canopy, and total privacy. Whether you're building your dream retreat or investing in a generational asset, opportunities like this are nearly extinct in this tight-knit, ultra-desirable community. Moments from Malibu beaches and the best of Calabasas. Don't let this one pass.
Condition Rating
Tear down
The property is explicitly marketed as a 'Permit-Ready' development opportunity, with plans for a new 3,500 sq ft main house, guest house, and other structures. The listing states it is 'Not Move-In Ready' and 'Requires Significant Construction.' The existing house was built in 1970 (54 years old) and shows an older exterior in the images, with no mention of recent renovations. The value is clearly in the land and the permits for redevelopment, indicating the existing structures are considered obsolete or beyond repair for the intended luxury estate.
Pros & Cons
Pros
Permit-Ready Development: Rare 'RTI' (Ready-To-Issue) permits are in hand for a 3,500 sq ft main house, a permitted guest house, and plans for a 7-car barn-style garage and pool house, significantly streamlining the building process.
Prime & Exclusive Location: A private, gated compound nestled in the highly desirable Monte Nido area, offering a unique blend of seclusion between Malibu beaches and the amenities of Calabasas.
Expansive Usable Land: Nearly 2 acres of flat, usable land provides ample space for a luxury estate, a rare find in this sought-after community.
Existing & Planned Luxury Amenities: The property already features a professional tennis court and horse stalls, with plans for a 7-car garage and pool house, catering to a high-end lifestyle.
Investment & Generational Asset: Described as a 'generational asset' and an 'opportunity nearly extinct,' indicating strong long-term value and rarity in the market.
Cons
Requires Significant Construction: While permit-ready, the property is a development opportunity requiring substantial additional investment and time to construct the envisioned luxury estate.
High Total Investment: The purchase price is for the land and permits; buyers must budget for considerable construction costs for the main house, guest house, garage, and pool house.
Not Move-In Ready: The property is not an immediately habitable luxury home, limiting the buyer pool to those specifically seeking a custom build project rather than immediate occupancy.