5041 Palomar Drive, Tarzana, California 91356, Tarzana, 91356 - 6 bed, 8 bath

5041 Palomar Drive, Tarzana, California 91356 home-pic-0
ACTIVE$6,450,000
5041 Palomar Drive, Tarzana, California 91356
6Beds
8Baths
5,378Sqft
18,127Lot
Year Built
2018
Close
-
List price
$6.45M
Original List price
$6.45M
Price/Sqft
$1,199
HOA
-
Days on market
-
Sold On
-
MLS number
SR25008893
Home ConditionExcellent
Features
Good View: Hills, Valley
Deck
Pool
Spa
Patio
ViewHills, Valley

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $6.45M(98th), sqft - 5378(90th), beds - 6(86th), baths - 8(94th).

Set behind gates just south of Ventura Blvd, this reimagined Contemporary Spanish estate offers a blend of luxurious living and modern upgrades. Nestled on an expansive 18,350 sq ft lot, the property is surrounded by tall hedges and lush greenery, offering exceptional privacy while showcasing stylish details at every turn. Spanning 5,400 square feet, the home features six bedrooms and eight bathrooms across a light-filled, open floor plan. Recent improvements include a brand-new family room with a see-through, double-sided fireplace, enhanced lighting throughout, and an AI-powered security system with multiple cameras. A reimagined kitchen now boasts Miele appliances, custom hardware, and a stunning new backsplash. The adjacent dining room showcases a striking wine display, while the newly built mudroom off the garage adds seamless organization. Upstairs, the primary suite is an oasis of calm, offering a cozy fireplace, a private deck with serene views, a spa-like bathroom with a rainfall shower, and a generous walk-in closet. Updates continue throughout the home, including new carpets in the guest rooms and playroom, elegant window treatments, and a redesigned kitchen pantry. The outdoor spaces have been meticulously transformed for relaxation and entertainment. The backyard now features a custom-built fireplace with eco-outdoor stone, an enhanced sound system, a sparkling pool with new security glass panels, a spa, a sports court, and a four-person infrared sauna. The pool house offers a sleek bar, a fire pit, and a BBQ area—perfect for hosting. The front yard has been revitalized with lush landscaping, a refined driveway gate, and a pedestrian entry gate, creating an impressive sense of arrival. Combining privacy, style, and thoughtful updates, this home is designed to meet every modern need while exuding timeless Santa Barbara charm.

Nearby schools

3/10
Tarzana Elementary School
Public,K-50.9mi
3/10
Vanalden Avenue Elementary School
Public,K-51.4mi
6/10
Newcastle Elementary School
Public,K-52.4mi
8/10
Lanai Road Elementary School
Public,K-53.6mi
6/10
Gaspar De Portola Middle School
Public,6-80.7mi
5/10
Woodland Hills Charter Academy
Public,6-82.0mi
5/10
William Mulholland Middle School
Public,6-83.3mi
3/10
William Mulholland Middle School
Public,6-83.4mi
4/10
Reseda Senior High School
Public,9-122.3mi
Condition Rating
Excellent

Built in 2018, this property has undergone extensive recent renovations and modern upgrades, including a 'reimagined kitchen' with high-end Miele appliances and a 'spa-like bathroom' featuring a rainfall shower. The description highlights new carpets, enhanced lighting, and meticulously transformed outdoor spaces, indicating a virtually new condition that meets current quality standards with no deferred maintenance.
Pros & Cons

Pros

Extensive Modern Upgrades & Amenities: The property boasts a comprehensive list of recent improvements, including a brand-new family room, enhanced lighting, AI-powered security system, a reimagined kitchen with Miele appliances, a wine display, and a newly built mudroom, offering a turn-key luxury experience.
Exceptional Privacy & Security: Situated behind gates, surrounded by tall hedges and lush greenery, and featuring an AI-powered security system with multiple cameras, along with refined driveway and pedestrian entry gates, the estate offers a highly private and secure living environment.
Luxurious Primary Suite: The upstairs primary suite is a true oasis, complete with a cozy fireplace, a private deck offering serene views, a spa-like bathroom with a rainfall shower, and a generous walk-in closet, catering to high-end comfort and relaxation.
Comprehensive Outdoor Entertainment Space: The meticulously transformed outdoor areas are designed for ultimate relaxation and entertainment, featuring a custom-built fireplace, enhanced sound system, sparkling pool with new security glass panels, a spa, sports court, infrared sauna, and a fully equipped pool house with a bar, fire pit, and BBQ area.
Desirable Location & Aesthetic Appeal: Located just south of Ventura Blvd, this reimagined Contemporary Spanish estate exudes timeless Santa Barbara charm, offers desirable Hills and Valley views, and presents an impressive sense of arrival with its revitalized front yard and landscaping.

Cons

Potential Overpricing: The current list price of $6.45M is significantly higher than the property's estimated value of $5.53M, and also exceeds the recent sale price of a newer, larger comparable property in the immediate vicinity, suggesting a potential overvaluation relative to market data.
Mixed Public School Ratings: The public school ratings in the area are inconsistent, with some elementary and middle schools receiving lower scores (e.g., 3/10), which could be a drawback for buyers prioritizing access to top-tier public education.
Competitive Market Positioning: Despite extensive renovations, the property's 2018 build year and current list price place it in direct competition with brand-new construction in the area that offers more square footage for a lower price, potentially making it less attractive to some buyers seeking the absolute newest build.

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