23935 Park Belmonte, Calabasas, California 91302, Calabasas, 91302 - 5 bed, 6 bath

23935 Park Belmonte, Calabasas, California 91302 home-pic-0
ACTIVE$2,750,000
23935 Park Belmonte, Calabasas, California 91302
5Beds
6Baths
6,637Sqft
15,642Lot
Year Built
1974
Close
-
List price
$2.75M
Original List price
$3M
Price/Sqft
$414
HOA
$350
Days on market
-
Sold On
-
MLS number
25482403
Home ConditionPoor
Features
Excellent View: Bluff, City Lights, Golf Course, Hills, Mountain(s), Panoramic, Valley
Patio
ViewBluff,City Lights,Golf Course,Hills,Mountain(s),Panoramic,Valley

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.75M(64th), sqft - 6637(94th), beds - 5(63th), baths - 6(78th).

Opportunity of a lifetime on prized Park Belmonte in Calabasas. Featuring one of the best views in the city, this property comes with plans for a 6637 SF two story home with pool, yard and panoramic views of Calabasas Country Club golf course, mountain ranges & city lights. NOTE: Bedroom/Bathroom count, square footage and some listing details are for the proposed new home. Privately gated, this home will feature a 3 car garage with ample secured parking. On the first floor, 2 king size en-suite bedrooms. The wow factor entrance foyer and atrium will feature full height 12' ceilings and impressive modern skylights.The formal living room will have a large bar for entertaining and shall be connected to the dining room by a double sided gas fireplace. Across from the dining room, an enviable walk in, chilled wine cellar. The streamlined European kitchen, breakfast area and family room will open to the breathtaking views to the west and north. The pool will be located directly outside of these rooms through pocket sliding doors, providing a spectacular vista upon entering the foyer. Furthermore, there is a large side yard with full views to the north, west and east. This yard will also be accessible via the formal living/ bar area through large pocket sliding doors - allowing for an additional lounge area outdoors. Upstairs there will be 3 bedrooms - two en-suite guest bedrooms (one with a large terrace overlooking the city lights) and the indulgent principle suite. This luxurious primary suite features spectacular floor to ceiling westerly views, a private terrace, modern gas fireplace, dual closets and large bath. All on an elevated cul de sac in Calabasas Park within walking distance of the lake and the Commons. Currently there is a 3 bed 4 bath 1974 built single story home at 3629 SF. It is in rentable condition and features an indoor pool. The plans for this new 6637 square foot home have been approved and stamped by City Hall. Further details can be shared with qualified interested parties. This is a land sale and the existing house is sold as-is.

Nearby schools

6/10
Bay Laurel Elementary School
Public,K-50.3mi
7/10
Alice C. Stelle Middle School
Public,6-81.9mi
8/10
Calabasas High School
Public,9-121.4mi
Condition Rating
Poor

The property was built in 1974, making it 50 years old. While described as being in 'rentable condition,' the listing explicitly states it's a 'land sale' and the existing house is 'sold as-is,' with the 'dated existing structure' likely necessitating demolition for the new build. Images reveal severely outdated kitchens and bathrooms with old appliances, cabinets, countertops, and fixtures, consistent with a home that has not undergone significant renovation in 30-50 years. To meet current quality standards, the property would require substantial repairs and rehabilitation, including full kitchen and bathroom remodels, and likely updates to major systems, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Pre-Approved Development Opportunity: City-approved plans for a 6637 SF luxury home with a pool, wine cellar, and modern amenities significantly streamline the development process for a buyer.
Unrivaled Panoramic Views: Offers 'one of the best views in the city,' encompassing Calabasas Country Club golf course, mountains, and city lights from multiple vantage points.
Prestigious & Private Location: Located on a 'prized Park Belmonte' elevated cul-de-sac within Calabasas Park, featuring private gated access and proximity to local attractions like the lake and The Commons.
Large & Versatile Lot: A substantial 15,642 sqft lot provides ample space for a grand residence, extensive outdoor living areas, and enhanced privacy.
Interim Income Potential: The existing 1974 home is in 'rentable condition' with an indoor pool, offering potential for rental income during the planning or construction phase of the new build.

Cons

Substantial Additional Investment: Marketed as a 'land sale' with an 'as-is' existing structure, requiring significant capital outlay for demolition and construction of the proposed luxury home beyond the purchase price.
Extensive Project Management Required: The buyer will be responsible for overseeing a large-scale construction project, entailing considerable time, effort, and inherent risks of delays and cost escalations.
Dated Existing Structure: The current 1974-built home, though rentable, is sold 'as-is' and features an indoor pool, which may be considered outdated or require significant maintenance, likely necessitating demolition for the new build.

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