85 Crestview, Camarillo, California 93010, Camarillo, 93010 - 7 bed, 8 bath

85 Crestview, Camarillo, California 93010 home-pic-0
ACTIVE$4,995,000
85 Crestview, Camarillo, California 93010
7Beds
8Baths
11,141Sqft
147,232Lot
Year Built
1989
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
$448
HOA
-
Days on market
-
Sold On
-
MLS number
SR25249381
Home ConditionExcellent
Features
Good View: Panoramic
Pool
Spa
Patio
ViewPanoramic

About this home

We found 3 Cons,7 Pros. Rank: price - $5.00M(99th), sqft - 11141(99th), beds - 7(99th), baths - 8(99th).

Co-Ownership in The Colony Estate, a rare opportunity to own a world-class property while generating substantial passive income. Perfectly situated between Los Angeles, Santa Barbara, and Malibu, this privately gated 3.38-acre estate functions as a top-tier event venue, attracting over 300 qualified event inquiries per month—all with limited marketing and significant upside. Investors can acquire up to 50% ownership and share in potential NET income that will easily exceed $4 million annually from weddings, corporate retreats, private events, film productions, and more. In addition to rental revenue currently averaging $15,000+ per event, the estate also generates additional income through referrals to food & beverage companies, rentals and other third-party vendor partnerships, creating a simple and scalable revenue model without significant operational costs and complexity. In addition, the owner is considering a private membership club with the potential to generate an additional $2.5 million in NET income. Key Investment Highlights: High Inquiry Volume: Over 300 monthly event inquiries and growing. Multiple Income Streams: Venue fees, luxury accommodations, food & beverage share, and third-party rentals. Event-Ready Infrastructure: Private and gated, dedicated spaces for everything, bridal suite/guest house, dining pavilion, dedicated event spaces, 3rd-floor speakeasy in development and off-site parking. Dual Use: Enjoy the estate personally and monetize when not in use. Property Features: 11,141 sq. ft. of refined living and event space across three buildings on almost 3.5 acres Palatial colonial-style main residence with 35-foot entry ceilings, library, gourmet kitchen, formal dining room, and expansive entertainment areas 3,000+ sq. ft. open third level ideal for after-hours gatherings provided at an additional fee to clients Private bridal suite/guest house with kitchen and bath Architecturally stunning dining pavilion with full kitchen, pizza oven, indoor BBQ, and pocket doors Resort-style amenities: wraparound patios, massive pool, spa, sauna, fire pit, fountain, and 9-car garage Additional conveniences: RV parking, horse-friendly zoning, and ample space for large-scale events Located just 7 minutes from a private airport and near the prestigious Spanish Hills Club, The Colony Estate presents a unique blend of personal luxury and compelling investment performance.

Nearby schools

6/10
Las Posas Elementary School
Public,K-50.5mi
6/10
Camarillo Heights Elementary School
Public,K-51.6mi
6/10
Monte Vista Middle School
Public,6-81.2mi
6/10
Mesa Elementary School
Public,K-82.4mi
9/10
Rancho Campana High
Public,9-123.1mi
4/10
Rio Mesa High School
Public,9-124.5mi

Price History

Date
Event
Price
10/28/25
Listing
$4,995,000
Condition Rating
Excellent

Built in 1989, this property has clearly undergone extensive, high-quality renovations within the last 5-15 years, if not more recently, to function as a 'world-class event venue.' The images showcase gourmet kitchens with high-end stainless steel appliances, modern cabinetry (both traditional white shaker and contemporary styles), and premium countertops. Bathrooms feature updated vanities, modern fixtures, and stylish tiling. Flooring throughout includes polished tile and hardwood, all in pristine condition. The overall aesthetic is luxurious and meticulously maintained, with no visible signs of wear or deferred maintenance. The description mentions a '3rd-floor speakeasy in development,' indicating ongoing upgrades and a commitment to maintaining a top-tier standard. This property meets the criteria for 'excellent' due to its recent extensive renovations, high-quality components, and immaculate condition, far exceeding typical expectations for a 1989 build.
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 = 147232, living area = 11141.
Great Schools: High School: Rancho Campana High (9/10).
Exceptional Income-Generating Asset: The property is presented as a proven, high-volume event venue with multiple revenue streams, projecting over $4 million in annual net income, and a potential additional $2.5 million from a planned membership club.
World-Class Event Infrastructure: Features extensive, dedicated event spaces including a palatial main residence, dining pavilion, bridal suite, and resort-style amenities, all designed to host top-tier events across 11,141 sq. ft. on 3.38 acres.
Strategic & Accessible Location: Positioned ideally between major Southern California hubs (Los Angeles, Santa Barbara, Malibu) and close to a private airport, enhancing its desirability for high-end events and guests.
Dual-Use Lifestyle & Investment: Offers the unique benefit of personal enjoyment of a luxury estate combined with significant income generation when not in personal use, providing both lifestyle and financial returns.
Scalable & Diversified Revenue Model: Boasts a simple, scalable model with high inquiry volume (300+ monthly) and diversified income streams (venue fees, accommodations, F&B, third-party rentals), with further growth potential.

Cons

Co-Ownership Structure: The offering is for co-ownership (up to 50%), which introduces complexities related to shared decision-making, management, and potential for partner disagreements, differing from sole ownership.
Market & Operational Dependency: The substantial projected income is heavily reliant on the continued demand for high-end event venues and effective operational management, making it susceptible to market shifts or management challenges.
Unrealized Future Potential: Some attractive features and income streams, such as the 3rd-floor speakeasy and the private membership club, are 'in development' or 'under consideration,' meaning their full benefits and realization are not yet guaranteed or immediate.

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