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24359 La Masina Court, Calabasas, California 91302, Calabasas, 91302 - 6 bed, 8 bath

24359 La Masina Court, Calabasas, California 91302 home-pic-0
ACTIVE$3,590,000
24359 La Masina Court, Calabasas, California 91302
6Beds
8Baths
9,991Sqft
12,262Lot
Year Built
1987
Close
-
List price
$3.59M
Original List price
$4.3M
Price/Sqft
$359
HOA
$205
Days on market
-
Sold On
-
MLS number
24455801
Home ConditionFair
Features
Excellent View: City Lights
Pool
Spa
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $3.59M(75th), sqft - 9991(98th), beds - 6(90th), baths - 8(96th).

Once-in-a-lifetime opportunity to own and develop the most awe-inspiring property in Calabasas! Situated behind the prestigious guard gates of Vista Pointe, this architectural compound offers the utmost in privacy and safety, perched atop a stunning hillside with panoramic city light views. Designed for those seeking a one-of-a-kind trophy estate, the property includes professional renderings and design consultation available for private retaining for those looking to create a masterpiece beyond compare. Currently the most lucrative value in Calabasas, with immense upside potential! The spacious chef's kitchen features a center island, stainless steel appliances, and granite countertops, perfect for culinary enthusiasts. Entertain in style with an open-plan living and dining room, or retreat to the private office/library with its own terrace. The main level Primary Suite is a sanctuary of tranquility, with large sliding glass doors that open to a spectacular outdoor space featuring a private pool and spa overlooking breathtaking city views. A generously sized walk-in closet offers ample space for both his and hers, leading to a beautifully appointed master spa. The entire lower level is a car lover's dream, dedicated to a luxury car gallery and lounge. This expansive space offers the perfect environment to showcase your automotive collection in style, with sleek design elements that emphasize sophistication. Additionally, there is ample room for hosting, with a custom lounge area providing a stylish backdrop for entertaining guests, private dining, and wine tasting quarters. The spacious garage and abundant storage complete this magnificent property. This is a truly unique offering for the creative lifestyle it demands, located in one of Calabasas' most desirable communities. With professional design plans available for customization, don't miss this rare chance to create your dream estate!

Nearby schools

6/10
Bay Laurel Elementary School
Public,•K-5•0.6mi
7/10
Alice C. Stelle Middle School
Public,•6-8•2.3mi
8/10
Calabasas High School
Public,•9-12•1.9mi
Condition Rating
Fair
The property was built in 1987, making it 37 years old. While the description mentions a 'spacious chef's kitchen with stainless steel appliances and granite countertops' and a 'beautifully appointed master spa,' these features, if original or updated 15-25 years ago, would now be considered dated. Crucially, the listing explicitly states this is an 'opportunity to own and develop' and that it 'requires substantial further capital and effort from the buyer to realize its full vision,' indicating it is not a turnkey solution. The use of professional renderings for the interior and exterior, rather than actual photos of the current state, strongly suggests the existing property is not in a modern, move-in ready condition. It aligns with the 'Fair' criteria of being aged but maintained, with functional major components that show signs of being outdated, and requiring significant updates or renovations to meet current luxury standards.
Pros & Cons

Pros

Exclusive Location & Privacy: Situated behind the prestigious guard gates of Vista Pointe, offering utmost privacy and safety in one of Calabasas' most desirable communities.
Panoramic City Light Views: Perched atop a stunning hillside with breathtaking panoramic city light views from multiple vantage points, including the primary suite and outdoor spaces.
Development & Customization Potential: Presented as a 'once-in-a-lifetime opportunity to own and develop,' with professional renderings and design consultation available to create a bespoke trophy estate.
Luxury Amenities & Entertainment: Features a dedicated luxury car gallery and lounge, private pool and spa, custom entertaining areas, a private office/library, and a spacious chef's kitchen.
Spacious & High-End Living: Boasts nearly 10,000 sqft of living space with 6 beds and 8 baths, including a main-level primary suite with a master spa and generously sized walk-in closet.

Cons

Price History & Market Performance: A significant price reduction from the original list price of $4.299M to $3.59M, coupled with an extended time on market, suggests potential challenges in valuation or buyer interest.
Requires Additional Investment: While offering immense potential, the emphasis on 'develop' and 'create a masterpiece' implies that the property is not a turnkey solution and will require substantial further capital and effort from the buyer to realize its full vision.
Niche Buyer Appeal: Highly specialized features, such as the luxury car gallery and lounge, cater to a very specific affluent demographic, which may limit the pool of potential buyers and extend market time.

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