17121 Rancho Street, Encino, California 91316, Encino, 91316 - 8 bed, 15 bath

17121 Rancho Street, Encino, California 91316 home-pic-0
ACTIVE$5,999,999
17121 Rancho Street, Encino, California 91316
8Beds
15Baths
18,000Sqft
46,348Lot
Year Built
2025
Close
-
List price
$6M
Original List price
$30M
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
25496667
Home ConditionExcellent
Features
Good View: Valley
Pool
Spa
Patio
ViewValley

About this home

We found 3 Cons,5 Pros. Rank: price - $6.00M(96th), sqft - 18000(99th), beds - 8(99th), baths - 15(99th).

The Rancho Residence. Your masterpiece estate is shovel-ready. The most innovative and creative design from award-winning LUNO DESIGN has curated a classic modern Spanish in Encino's "Rancho Estates." The allure of Montecito's fabled estates is yours on this fully permitted, sprawling one-acre property. This is truly a legacy property. Pass the guard house through antique wood gates into the cobblestone motor court to be surrounded by a Bougainvillea-draped square that evokes an enchanting Spanish compound. The soft plaster pavilions scattered about the property create a village-like feel, perfect for that impossible-to-find multi-generational compound. Hand-crafted wood details appear in the gates, shutters, doors and eaves, while steel doors and painted wood windows offer timeless character that add to the charm of the property. A large custom steel and glass entry door accentuates the main front entrance and sets the tone for the traditional yet contemporary aesthetic of the interiors of this home. A double height entry foyer with flowing sculptural stair leads to a formal living room that looks over the pool and rear yard. The second floor offers five bedroom suites; one master and four secondary suites. The main residence offers a full basement which provides space for active children and a more relaxing area for the parents. The gaming area for the kids includes karaoke stage, video game stations, ball pit, climbing wall and craft room. The 11-person theater provides ample amount of space for family movie nights. The spa wing of the basement includes steam room, sauna, plunge pool, salon and massage room; the perfect space to disconnect and relax. The service amenities of the house include space for 4 live-in staff members as well as a Kosher kitchen, all accessible from a private staff entrance. The backyard of this property truly rivals the home itself. After all, isn't that where we all want to live and play? It's spectacular that the outdoor rooms are thoughtfully created by various groves of trees. An outdoor dining area is enclosed by old growth olive trees. The lap pool, bookended by the pool pavilion and gym pavilion, is lined by orange trees. Swim laps through the dappled sunlight from the old growth oak tree while breathing in the sweet scent of orange blossoms. The gym pavilion becomes the hub of fitness on the property. Containing the gym, it is central to the tennis court, half basketball court, and the lap pool. This stunning classic Spanish home offers 18,000+ square feet of livable space across its multiple structures. Come escape to your own personal slice of sun-soaked California bliss. Also available - 17115 Rancho - The Encino Estate. This Mid Century Modern is ready to break ground. The 53,797 sq. ft. lot includes 5 bedrooms, boasting 23,000 sq. ft., offered at $7,777,777.

Price History

Date
Event
Price
08/06/25
$5,999,999
02/18/25
$29,999,999
Condition Rating
Excellent

This property is listed with a 'year_built' of 2025 and described as 'shovel-ready,' indicating it is a brand new, high-end construction project. The provided images are renderings showcasing a meticulously designed, luxurious estate with modern finishes, high-quality materials, and state-of-the-art amenities, including a gourmet kitchen (implied by 'Kosher kitchen' and overall luxury), spa facilities, and entertainment areas. All aspects appear new and meet the highest quality standards, with no deferred maintenance.
Pros & Cons

Pros

Unparalleled Luxury & Amenities: The property boasts an extraordinary array of high-end amenities including a full entertainment basement (11-person theater, gaming area), a dedicated spa wing (steam, sauna, plunge pool, salon, massage), and extensive staff accommodations, catering to a lavish lifestyle.
Exceptional Outdoor Living & Recreation: A sprawling one-acre lot designed with multiple outdoor 'rooms,' a lap pool, gym pavilion, tennis court, and half basketball court, offering comprehensive recreational opportunities within a private compound.
Award-Winning Architectural Design: Designed by award-winning LUNO DESIGN, the 'classic modern Spanish' aesthetic with hand-crafted wood details, steel doors, and soft plaster pavilions promises a timeless and sophisticated living experience.
Multi-Generational & Staff-Ready Compound: The 'village-like feel' and dedicated spaces for multi-generational living and live-in staff (including a Kosher kitchen and private staff entrance) make it uniquely suited for large families or those requiring extensive support.
Brand New, Fully Permitted Construction: Being 'shovel-ready' with all permits in place for a 2025 build means the buyer acquires a custom, state-of-the-art residence designed to modern standards without the typical initial permitting delays.

Cons

Construction Required: The property is 'shovel-ready' but not yet built, meaning the buyer must undertake and manage the entire construction process, including potential delays, cost overruns, and the inherent complexities of building a custom estate of this magnitude.
Significant Price History Discrepancy: The current list price of $5,999,999 represents an 80% reduction from the original $30,000,000, which could raise questions about the property's true market value, previous overpricing, or underlying issues that led to such a drastic cut.
Extremely Niche Market: The property's immense scale (18,000+ sq ft), specific luxury features (e.g., Kosher kitchen, extensive staff quarters), and multi-generational compound design cater to a very narrow segment of ultra-high-net-worth buyers, potentially leading to longer market times.

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