Description

MOTIVATED SELLER. Rare development opportunity in the prestigious Amestoy Estates of Encino. Situated on nearly one acre of flat land spanning approximately 43,037 SF, this gated property offers exceptional potential to build, expand, or reimagine a luxury estate in one of Encino's most sought-after neighborhoods.Previously approved plans and permits allowed for the development of an approximately 9,000 SF residence, presenting an incredible opportunity for developers, investors, or end users looking to create a custom dream compound. Surrounded by multi-million-dollar estates with nearby sales ranging from $6M to $8M+, the possibilities are endless.A gated entrance and over 20-foot-wide private driveway provide privacy and a grand sense of arrival. The existing approximately 2,200 SF Mediterranean-style home features vaulted ceilings and a chef's kitchen, offering immediate value as a guest house, ADU, rental opportunity, or temporary residence during future development.The expansive grounds are ideal for creating a true resort-style retreat with room for a pool, spa, tennis or pickleball court, outdoor entertaining areas, guest accommodations, and more. Conveniently located near highly regarded schools including the Academy of Enriched Sciences and Westmark School.An exceptional opportunity to bring your vision to life at 5457 Encino Ave.