tomo logo

$11,995,000

Beds
7
Baths
10.0
sq ft
12,140

17009 Magnolia Blvd, Encino, CA 91316

17009 Magnolia Blvd

Encino, CA 91316

  • 2 days on market
With an approximate completion date of Summer 2026, this breathtaking 7-bedroom, 10-bathroom contemporary, modern, and chic residence, designed by Moran Dahan, DahMor Design Studio, blends bold industrial-rustic aesthetics with contemporary luxury. Situated on a completely flat lot spanning over an acre, this estate offers an unparalleled sense of space and privacy. A striking stone façade and meticulously applied wood set the stage for a seamless fusion of raw materials and sleek design. Inside, a grand foyer leads to expansive living and dining spaces, a first-class main kitchen accompanied by a fully equipped secondary chef’s kitchen—designed for seamless entertaining and culinary excellence—and floor-to-ceiling glass walls that open to an awe-inspiring outdoor oasis. The primary suite is a private sanctuary, featuring soaring oak-clad ceilings and a secluded outdoor retreat. At the heart of the home, a dramatic open-air atrium enhances the connection between raw textures and refined craftsmanship. Resort-style amenities include a luxurious spa, state-of-the-art theater, and exquisitely designed outdoor spaces featuring a stunning pool, lush landscaping, two elegant cabanas, and a separate guest house. This extraordinary residence embodies artistry, sophistication, and a balance of warmth and edge, where contemporary elegance meets bold industrial charm.

Details

Property type

Single Family Residence

Est. home value

$4,671,067

Property condition

New Construction

Lot size

1.067 acres

Price per sq ft

$989

Year built

2026

HOA

No

Price History

02/20/2025
CRMLS

CRMLS #SR25038100

Listed
$11,995,000
+140.14%
02/28/2024
CRMLS

CRMLS #SR23218158

Removed
$4,995,000
02/27/2024
CRMLS

CRMLS #SR23218158

Listed
$4,995,000

Schools & Community

Neighborhood: 

Encino

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$8,253,686
Asking price
$11,995,000
Closing costs (~8% of asking)
-$959,600
Est. remaining loan balance
-$2,781,714
Cash to seller
$8,253,686

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Foundation Mortgage Corp

Loan start date

February 2024

Original loan amount

$2,812,500

Est. remaining balance

$2,781,714

Interest rate

6.61%

Loan type

New Conventional, 30 year

Seller

David Vered

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 6:05 AM

Listing updated: 02/21/2025 at 7:20 AM

Listed by: Adi Livyatan, Rodeo RealtyRodeo Realty Phone #: (818) 990-0454

MLS: CRMLS #SR25038100

CRMLS logo

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