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Significantly reduced for the Investor, Developer, or End User: Presenting this gated traditional residence in prime Amestoy Estates on a street-to-street lot spanning just over one acre. The large lot is potentially splittable to build two homes or up to four units in total (buyer to verify local requirements). Plans for new construction are included with the sale. Set back from the street and shrouded by privacy hedges, this offering represents a true paradise in one of Encino’s most prized, closely knit communities. A long circular driveway allows parking for numerous guests as mature trees sway overhead. A red brick pathway leads to the home’s covered front porch, perfect for casual conversation and relaxing with morning tea. Inside, wood floors flow from each public entertaining space to the next. The oversize living room is appointed with a built-in bar and charming fireplace as a bank of French doors welcome light within and lead to the rear grounds. The tastefully updated kitchen is equipped with top-of-the-line stainless-steel appliances, ample counter prep space, center island, farm sink, lovely backsplash, and eat-in area. Nearby, the dining room has exposed beams, fireplace, and plenty of space for hosting large gatherings. The primary suite is an ideal refuge with its bay window, double closets, and en-suite bathroom with dual-sink vanity and glass-enclosed rainwater shower. Other bedrooms are fitted with built-in shelving and cabinetry for additional storage. Outside, the sprawling backyard features multiple lounging decks and patios, an abundance of grass to roam and play, pool, fire pit, detached garage, fruit-producing trees, hot tub, and guest house with kitchenette and bedroom. Welcome to this fantastic opportunity to own in a highly sought neighborhood close to schools, parks, golf courses, the 101 Freeway, and the many shops and restaurants along Ventura Boulevard. Some photos are virtually staged.