$1.1 Million price reduction! Discover a rare development opportunity within an exclusive 15-estate gated enclave off Mulholland Drive in Calabasas. This exceptional 11.7-acre homesite is one of only three properties situated on a private cul-de-sac, offering unobstructed mountain views from both the front and rear of the parcel. The two neighboring cul-de-sac estates are owned and occupied by a well-known entertainment figure, further underscoring the privacy and prestige of the setting. Ideally positioned between the iconic Pacific Coast Highway and U.S. Route 101, the property lies within the protected Santa Monica Mountains, with development overseen by the California Coastal Commission. ***** The sale includes fully approved plans for an approximately 10,000 sq ft architectural estate designed for maximum privacy, dramatic vistas, and elevated living. The proposed residence features expansive indoor/outdoor entertaining areas, a formal dining room for twelve, screening room, library, home office, subterranean garage, pool, and spa. The floor plan provides five large ensuite bedrooms and thoughtfully separates circulation for residents, guests, and business visitors. *****All state, local, and HOA approvals and permits, including the California Coastal Development permit, grading permit, and building permits have been secured. Grading is complete, and FOUNDATION WORK HAS COMMENCED. This allows the buyer to bypass the typical 5-10 year entitlement and permitting process and begin building immediately. While additional parcels within the community may be available for purchase, none offer the significant advantage of being fully approved, graded, and truly shovel-ready. This property stands alone in providing a rare opportunity to move directly into the construction phase as you begin to develop a world-class estate without the slightest delay. A full prospectus is available upon request.

Listing courtesy of Mark Mintz of Compass

Based on information from the The MLS as of 2026-10-21 02:49 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.