20155 Observation Drive
Topanga, CA, 90290
$2,995,000
MLS: 26644451
Beds
3
Baths
4
Sq Ft
2,579
Lot
1.42 ac
Year Built
1958
MLS #
26644451
Days on Market
77
Listed
Jan 29, 2026
Description
Perched high above the canyon on sought-after Observation Drive, this inviting Topanga residence offers expansive mountain views, privacy, and a relaxed indoor-outdoor lifestyle that defines canyon living at its best. Set on approximately 1.4 acres, the property is framed by mature oaks and open sky, creating a rare sense of space and serenity. The home features 3 bedrooms and 4 bathrooms, with light-filled interiors and a natural, flowing layout designed for both everyday living and intimate gatherings. An open chef's kitchen and generous living spaces extend seamlessly to outdoor patios and terraces, blurring the line between inside and out. Updated finishes and warm architectural details provide understated sophistication throughout. The elevated setting enjoys a cooler microclimate, exceptional privacy, and ample parking, an uncommon convenience in Topanga. Ideally located near hiking trails, beaches, and the heart of the canyon community, this is a rare opportunity to own a turnkey home with land, views, and privacy in one of Topanga's most desirable locations.
Location
Topanga, Los Angeles County, CA 90290
Open on Google Maps ↗Listed by: Steven Dubin · Douglas Elliman
Payment estimate
$21,105
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $299,500 · Loan: $2,695,500
- Principal & Interest
- $16,562
- Property tax (1.25%)
- $3,120
- Homeowners insurance
- $300
- Mortgage insurance
- $1,123
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Topanga home with as little as 3.5% down using an FHA loan — roughly $104,825 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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