Reduced. Best deal in Encino. Must See! Exquisite French inspired gated estate located in the heart of Encino. Approx. 11,000 Sq Ft of unmatched luxury offering 8BD, 11BA, gourmet kitchen, wet bar, movie theater, massage room, sauna, wine cellar, & separate dual BA s accompanying the Master Suite which overlooks the property. Park-like rear grounds afford covered gazebos, built in BBQ w/ island, expansive grassy areas, striking pool with water features, and direct access to third floor by spectacular staircase. Meticulously detailed w/ the finest European finishes including: Indu Marfil marble, stainless steel & mosaic inlays, Swarovski crystal chandeliers, Venetian plaster, French wash paint, distressed oak floors, antique sinks, & speaker systems in each room complete this magnificent estate.
This home was last purchased at the peak of the market on June 16, 2006 for $1,325,000 in what appears to be a land purchase where the investors built from the ground up sometime in 2008 when the world was going to implode. This home was later listed on the market on March 1, 2009 for $6,999,000 and dropped literally in half as a short sale at $3,275,000. Seems like a good deal considering its a brand new home with no expenses spared in which the bank(s) and investors took a big hit.
Other celebrities in this area include the former Clark Gable and Carole Lombard house now owned by Michael Milken, Eileen Brennan, The Jackson Family home, Ice Cube, Peter Marshall, and Pat Sajak.
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|Images courtesy Ewing Sothebys I.R.|