$4,125,000
MLS: 26846309
Beds
5
Baths
7
Sq Ft
10,000
Lot
11.71 ac
Year Built
—
MLS #
26846309
Days on Market
1
Listed
Jun 11, 2026
Description
Discover a rare development opportunity within an exclusive 15-estate gated enclave off Mulholland Drive in Calabasas. This exceptional 11.7-acre homesite is one of only three properties situated on a private cul-de-sac, offering unobstructed mountain views from both the front and rear of the parcel. The two neighboring cul-de-sac estates are owned and occupied by a well-known entertainment figure, further underscoring the privacy and prestige of the setting. Ideally positioned between the iconic Pacific Coast Highway and U.S. Route 101, the property lies within the protected Santa Monica Mountains, with development overseen by the California Coastal Commission. ***** The sale includes fully approved plans for an approximately 10,000 sq ft architectural estate designed for maximum privacy, dramatic vistas, and elevated living. The proposed residence features expansive indoor/outdoor entertaining areas, a formal dining room for twelve, screening room, library, home office, subterranean garage, pool, and spa. The floor plan provides five large ensuite bedrooms and thoughtfully separates circulation for residents, guests, and business visitors. *****All state, local, and HOA approvals and permits, including the California Coastal Development permit, grading permit, and building permits have been secured. Grading is complete and the site is being prepared for foundation work. This allows the buyer to bypass the typical 5-10 year entitlement and permitting process and begin building immediately. While additional parcels within the community may be available for purchase, none offer the significant advantage of being fully approved, graded, and truly shovel-ready. This property stands alone in providing a rare opportunity to move directly into the construction phase as you begin to develop a world-class estate without the slightest delay. A full prospectus is available upon request.
Location
Calabasas, Los Angeles County, CA 91302
Open on Google Maps ↗Listed by: Mark Mintz · Compass
Payment estimate
$29,658
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $412,500 · Loan: $3,712,500
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $23,514
- Property tax (1.25%)
- $4,297
- Homeowners insurance
- $300
- Mortgage insurance
- $1,547
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $144,375 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.
Local Market Stats
See Calabasas, CA 91302 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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