ActiveResidential · sale

5076 Island Forest Place

Westlake Village, CA 91362

$15,450,000

  • 7 beds
  • 8 baths
  • 15,135 sq ft
  • 1.45 acres
  • Built 1992

Listed by The Agency · MLS #26851753

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1992.

Garage parking

3 garage spaces listed.

Property size

1.45 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Behind the private gates of Island Forest in Westlake Village this extraordinary estate spans over 15000 square feet on more than two private acres nestled within the verdant grounds of North Ranch Country Club Originally built at 12000 square feet it was masterfully transformed through a meticulous toptobottom renovation emerging in 2023 as a showpiece with allnew systems commercialgrade equipment and an elevated sense of scale throughoutInside the home unfolds with soaring ceilings wideplank hardwood floors custom paneling and coffered ceilings and original Simmons brick while custom steel windows and doors frame every view and twelve crystal chandeliers on motorized lifts lend a sense of elegance throughout The foyer sets the tone immediately anchored by a dramatic installation of six antique stained glass windows circa 1850 casting a glow across the entry Hidden closets are placed seamlessly within the wallsThe main level flows between a grand music room with a custom fireplace and a separate den with a full wet bar both finished with bespoke Carrara marble mantels sourced from From Europe to You The kitchen wing forms a complete culinary suite with a chefs kitchen featuring a fireplace and eatin dining area supported by a prep kitchen and butlers kitchen all outfitted with commercialgrade appliances porcelain countertops and a full house water softener with dedicated alkaline water stationThe primary suite is its own private world anchored by a sitting lounge and fireplace a resort bath with a sculptural soaking tub and walkin shower Perrin and Rowe fixtures a boutique dressing room with custom builtins and a dedicated beauty salon above the closet Five additional bedroom suites are each distinctly appointed with bespoke finishes and spaquality ensuite baths with every bedroom in the home offering direct access to the outdoorsFor entertainment and creative pursuits alike the home delivers a movie theater a performance ready entertainment room with builtin stage a billiards room with fireplace a soundinsulated podcast studio a temperaturecontrolled wine cellar a gym and a library crowned by a custom stainedglass ceiling with a spiral staircase ascending to a birdseye writing nook aboveThe outdoor grounds are resortcaliber anchored by a pool with waterfalls a winding lazy river elevated spa and custom slide complemented by a full pool house with kitchen and living area a pickleball court a stoneclad pavilion and lush landscaping with abundant fruit trees all maintained by a 38zone Rachio intelligent irrigation system Behind the scenes the estate features allnew PEX plumbing closed cell insulation a Lutron lighting system with programmable keypads a 21camera security system a full house generator with intelligent switch and a wholehome automation system by Nice across 21 individually zoned rooms all within the privacy and prestige of the exclusive Island Forest gated enclave

THE NEIGHBORHOOD

Explore the location.

5076 Island Forest Place, Westlake Village, CA 91362

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1992
Full baths
8
Half baths
0
Garage spaces
3
Cooling
CentralAir
Heating
Central,Fireplaces,Zoned
Appliances
ConvectionOven,DoubleOven,Dishwasher,Disposal,Microwave,Refrigerator,WaterPurifier,Dryer,Washer
Flooring
Stone,Wood
Fencing
Block,WroughtIron
Pool
Yes
Pool features
InGround,Private,Waterfall
Spa
Yes
Parcel
6890320225
HOA fee frequency
Quarterly
HOA fee
$500.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$64,375.00
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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5076 Island Forest Place, Westlake Village, CA 91362 · MLS #26851753

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More in Westlake Village.

Listing information

MLS #26851753 · California Regional MLS

Listing brokerage: The Agency
Listing agent: Emil Hartoonian

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.