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MOTIVATED SELLER. Rare development opportunity in the prestigious Amestoy Estates of Encino. Situated on nearly one acre of flat land spanning approximately 43,037 SF, this gated property offers exceptional potential to build, expand, or reimagine a luxury estate in one of Encino's most sought-after neighborhoods.Previously approved plans and permits allowed for the development of an approximately 9,000 SF residence, presenting an incredible opportunity for developers, investors, or end users looking to create a custom dream compound. Surrounded by multi-million-dollar estates with nearby sales ranging from $6M to $8M+, the possibilities are endless.A gated entrance and over 20-foot-wide private driveway provide privacy and a grand sense of arrival. The existing approximately 2,200 SF Mediterranean-style home features vaulted ceilings and a chef's kitchen, offering immediate value as a guest house, ADU, rental opportunity, or temporary residence during future development.The expansive grounds are ideal for creating a true resort-style retreat with room for a pool, spa, tennis or pickleball court, outdoor entertaining areas, guest accommodations, and more. Conveniently located near highly regarded schools including the Academy of Enriched Sciences and Westmark School.An exceptional opportunity to bring your vision to life at 5457 Encino Ave.
Listing agent: Daniel Dahan DRE #01970666 DANIEL@WOLFLUXURYESTATES.COM, Listing office: Wolf Luxury Estates
MLS data updated 10/16/2026, 3:38:34 PM PT
Source: CRMLS, MLS #: 26835603
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 6, 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
$2,575,000Asking price recorded · Jul 6, 2026ZIP 91316 · Jul 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.