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Welcome to "The Encino Promontory", a truly rare and unparalleled development opportunity set on an exceptional 1.5-acre parcel of land with unobstructed, breathtaking panoramic views in the coveted Encino Hills. Situated on one of the most prestigious and sought-after streets in the area, this lot offers a unique combination of privacy, exclusivity, and a commanding hillside presencemaking it one of the few remaining premier properties in this highly desirable neighborhood.Designed with a flag-lot orientation, this property ensures the utmost seclusion while maximizing the views that stretch across the entire San Fernando Valley. With record-breaking sales and high-profile developments in the area, along with an influx of celebrity relocations, the Encino Hills market is flourishing, offering incredible post-construction value potential for both end users and developers alike. This is a once-in-a-lifetime chance to craft a bespoke contemporary estate in one of Los Angeles' most coveted enclaves. Don't miss the opportunity to secure one of the last truly exceptional properties in Encino Hills. Property is sold as a un-entitled lot and conceptual renderings shown, all Buyers to verify building potential with their own professionals.
Listing agent: Oliver Thornton DRE #01969227 oliver@hollywoodestates.com, Listing office: Hollywood Estates
MLS data updated 10/29/2026, 10:00:29 AM PT
Source: CRMLS, MLS #: 26993961
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 29, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,495,000Asking price recorded · Oct 29, 2026ZIP 91316 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.