23139 Park Contessa
Calabasas, CA, 91302
$2,500,000
MLS: IN26051269
Beds
4
Baths
5
Sq Ft
3,595
Lot
0.22 ac
Year Built
1969
MLS #
IN26051269
Days on Market
32
Listed
Mar 12, 2026
Description
Set above the lake on prestigious Park Contessa, this distinctive Calabasas residence offers beautiful lake views and an exceptional opportunity to create a custom home in one of the community’s most sought-after locations. Located on one of the few streets in the neighborhood comprised of traditional single-family residences rather than zero-lot-line homes, the property provides privacy, space, and remarkable long-term potential. Originally built by the owner with notable attention to durability and construction quality, the home features solid plaster interior walls and cedar-lined bedroom closets, reflecting a level of craftsmanship and attention to detail rarely found in modern construction. This owner-built residence showcases thoughtful materials and construction methods that provide a strong foundation for future customization. The existing structure offers a generous footprint ready to be completed and tailored to a buyer’s vision, including unfinished interior areas originally intended for a kitchen and entertainment bar. The residence includes two full bathrooms and a powder room inside the home, along with two additional exterior bathrooms designed to support a future pool and outdoor entertaining environment, creating exciting possibilities for a true indoor-outdoor California lifestyle. Enjoy serene lake views and the peaceful surroundings of the Calabasas Lake community, all just moments from The Commons at Calabasas, premier shopping, dining, and the award-winning Las Virgenes Unified School District. For buyers seeking to create a custom home in a premier Calabasas Lake location, this property provides the rare chance to complete and personalize a residence in an area known for strong demand and exceptional long-term value.
Location
Calabasas, Los Angeles County, CA 91302
Open on Google Maps ↗Listed by: Sean Thomas · MHC Properties
Payment estimate
$17,666
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $250,000 · Loan: $2,250,000
- Principal & Interest
- $13,824
- Property tax (1.25%)
- $2,604
- Homeowners insurance
- $300
- Mortgage insurance
- $938
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 Calabasas home with as little as 3.5% down using an FHA loan — roughly $87,500 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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