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701 Greenleaf Canyon Road, Topanga, California 90290, Topanga, 90290 - 5 bed, 6 bath

701 Greenleaf Canyon Road, Topanga, California 90290 home-pic-0
ACTIVE$3,495,000
701 Greenleaf Canyon Road, Topanga, California 90290
5Beds
6Baths
4,328Sqft
321,479Lot
Year Built
1975
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
$808
HOA
-
Days on market
-
Sold On
-
MLS number
25589659
Home ConditionPoor
Features
Excellent View: Canyon, Hills, Mountain(s), Trees/Woods
Pool
Spa
Patio
ViewCanyon, Hills, Mountain(s), Trees/Woods

About this home

We found 3 Cons,6 Pros. Rank: price - $3.50M(87th), sqft - 4328(90th), beds - 5(87th), baths - 6(93th).

Rare and breathtaking 7.4-acre compound in one of Topanga's most prized locations, partially built and permitted to continue construction immediately. The main residence (4400 sq ft) features a dramatic breezeway with custom Styline doors, seamless indoor-outdoor flow, mountain views on one side and an expansive pool / spa on the other. A detached guest house (2600 sq ft) offers private one-bedroom and two-bedroom suites, along with a garage and artist's studio, ideal for guests or staff. There are clear (and permissible) permit plans for an additional 1700 sq foot already-designed wellness/gym and double office enclave a 30 second walk from the main house. There are multiple large flat pads for gatherings, creative spaces, and retreat. Trails run throughout the property's gorgeous territory. The house is fully designed by a top architect-designer team with a top notch builder ready to go. This is a truly special property in one of the most desired locations in all of Topanga. For someone looking for a life-long compound, this is the one.

Price History

Date
Event
Price
09/10/25
Listing
$3,495,000
04/23/24
Sold
$3,800,000
11/04/20
Sold
$4,550,000
07/14/06
Sold
$4,550,000
12/17/93
Sold
$700,000
Condition Rating
Poor
The property is explicitly described as 'partially built' and requires immediate continuation of construction, necessitating substantial additional capital investment and active project management. While the renderings depict a modern, high-end design, the current physical state is not habitable and requires significant work to be completed, aligning with the 'poor' condition criteria of requiring substantial rehabilitation to become livable.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 321479, living area = 4328.
Expansive & Versatile Compound: A rare 7.4-acre property featuring a main residence, a substantial detached guest house, and multiple flat pads, offering unparalleled space, privacy, and flexibility for various uses.
Premier Topanga Location: Situated in 'one of Topanga's most prized locations,' providing a unique, secluded lifestyle with stunning natural views (canyon, hills, mountains, trees/woods).
Sophisticated Architectural Design: Features a dramatic breezeway, custom Styline doors, and seamless indoor-outdoor flow, designed by a top architect-designer team, promising a high-end aesthetic and living experience.
Luxury Amenities & Expansion Potential: Includes an expansive pool/spa and pre-approved permit plans for an additional 1700 sq ft wellness/gym and double office enclave, allowing for further customization and enhancement of the luxury lifestyle.
Dedicated Guest/Staff Accommodations: A significant 2600 sq ft detached guest house with private suites, a garage, and an artist's studio provides exceptional facilities for guests, extended family, or live-in staff.

Cons

Incomplete Construction & Significant Investment Required: The property is 'partially built' and requires immediate continuation of construction, necessitating substantial additional capital investment and active project management from the buyer to achieve completion.
Niche Market Appeal: Designed as a 'life-long compound,' this property targets a very specific buyer profile, which may limit the pool of potential purchasers and extend the marketing period.
Complex Valuation & Past Sales Discrepancy: The current list price is notably lower than recent past sales, which, while potentially explained by its incomplete state, could complicate buyer valuation and raise questions about the property's market trajectory and total cost to completion.

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