85 Crestview, Camarillo, California 93010, Camarillo, - bed, bath

home-pic
ACTIVE$4,995,000
85 Crestview, Camarillo, California 93010
7Beds
8Baths
11,141Sqft
147,232Lot
Year Built
1989
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25249381
Home ConditionExcellent
Features
Good View: Panoramic
Pool
Spa
Patio
ViewPanoramic

About this home

Co-Ownership in The Colony Estate, a rare opportunity to own a world-class property while generating substantial passive income. Perfectly situated between Los Angeles, Santa Barbara, and Malibu, this privately gated 3.38-acre estate functions as a top-tier event venue, attracting over 300 qualified event inquiries per month—all with limited marketing and significant upside. Investors can acquire up to 50% ownership and share in potential NET income that will easily exceed $4 million annually from weddings, corporate retreats, private events, film productions, and more. In addition to rental revenue currently averaging $15,000+ per event, the estate also generates additional income through referrals to food & beverage companies, rentals and other third-party vendor partnerships, creating a simple and scalable revenue model without significant operational costs and complexity. In addition, the owner is considering a private membership club with the potential to generate an additional $2.5 million in NET income. Key Investment Highlights: High Inquiry Volume: Over 300 monthly event inquiries and growing. Multiple Income Streams: Venue fees, luxury accommodations, food & beverage share, and third-party rentals. Event-Ready Infrastructure: Private and gated, dedicated spaces for everything, bridal suite/guest house, dining pavilion, dedicated event spaces, 3rd-floor speakeasy in development and off-site parking. Dual Use: Enjoy the estate personally and monetize when not in use. Property Features: 11,141 sq. ft. of refined living and event space across three buildings on almost 3.5 acres Palatial colonial-style main residence with 35-foot entry ceilings, library, gourmet kitchen, formal dining room, and expansive entertainment areas 3,000+ sq. ft. open third level ideal for after-hours gatherings provided at an additional fee to clients Private bridal suite/guest house with kitchen and bath Architecturally stunning dining pavilion with full kitchen, pizza oven, indoor BBQ, and pocket doors Resort-style amenities: wraparound patios, massive pool, spa, sauna, fire pit, fountain, and 9-car garage Additional conveniences: RV parking, horse-friendly zoning, and ample space for large-scale events Located just 7 minutes from a private airport and near the prestigious Spanish Hills Club, The Colony Estate presents a unique blend of personal luxury and compelling investment performance.

Nearby schools

6/10
Las Posas Elementary School
Public,K-50.5mi
6/10
Camarillo Heights Elementary School
Public,K-51.6mi
6/10
Monte Vista Middle School
Public,6-81.2mi
6/10
Mesa Elementary School
Public,K-82.4mi
9/10
Rancho Campana High
Public,9-123.1mi
4/10
Rio Mesa High School
Public,9-124.5mi

Price History

Date
Event
Price
10/28/25
Listing
$4,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (161 Listings)
Beds74
99%
Baths83
99%
Square foot11,1412,005
99%
Lot Size147,2327,551
98%
Price$5M$975K
99%
Price per square foot$448$504.5
29%
Built year19899865987
80%
HOA
Days on market9169
1%
Condition Rating
Excellent

Despite being built in 1989, the property is described as a 'world-class property' and 'top-tier event venue,' which necessitates a pristine and updated condition. The exterior images showcase an impeccably maintained, grand estate with extensive, modern landscaping and lighting, suggesting significant recent investment. The description explicitly mentions a 'gourmet kitchen' in the main residence and a 'full kitchen, pizza oven, indoor BBQ' in the dining pavilion, indicating high-end, modern features and appliances. While interior photos of kitchens and bathrooms are not provided, the property's marketing and overall presentation strongly imply extensive, high-quality renovations to meet current luxury standards, with no visible deferred maintenance.
Pros & Cons

Pros

Exceptional Income Generation & Business Model: The property offers a proven, high-volume event venue business model with over 300 monthly inquiries, multiple income streams (venue fees, accommodations, F&B share), and significant projected annual net income exceeding $4 million, with further expansion potential from a private membership club.
Comprehensive Event-Ready Infrastructure: Boasting 11,141 sq. ft. across three buildings on 3.38 acres, the estate features dedicated event spaces, a private bridal suite/guest house, an architecturally stunning dining pavilion, a developing speakeasy, and ample parking, making it fully equipped for large-scale events.
Strategic & Accessible Location: Ideally situated between major metropolitan and luxury destinations (Los Angeles, Santa Barbara, Malibu) and just 7 minutes from a private airport, enhancing its appeal for high-end clientele and event attendees.
Luxurious Estate & Resort-Style Amenities: The palatial colonial-style main residence features 35-foot entry ceilings and gourmet facilities, complemented by extensive resort-style amenities including a massive pool, spa, sauna, fire pit, 9-car garage, RV parking, and horse-friendly zoning.
Dual-Use Potential & Personal Enjoyment: The unique co-ownership opportunity allows investors to enjoy personal use of a world-class estate while simultaneously generating substantial passive income through its established event venue operations.

Cons

Co-Ownership Complexity: The co-ownership structure, while offering a unique entry point, can introduce complexities in governance, decision-making, and shared operational responsibilities, potentially deterring investors seeking full control.
High Capital Investment & Niche Market: The significant list price for a partial ownership stake (up to 50% of $4.995M) targets a very specific and limited pool of high-net-worth investors comfortable with this substantial capital outlay and unique investment model.
Operational & Market Dependence: Despite claims of simplicity, managing a high-volume event venue inherently requires ongoing operational oversight, client management, and is susceptible to market fluctuations (e.g., economic downturns, public health crises) that could impact projected income streams.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State