Spectacular 360 degree luxury home site development opportunity. Situated in one of the most desirable enclaves in the heart of Calabasas, this rare gem with beautiful panoramic sweeping views is located on its own one acre private promontory. The land comes with full architectural plans (permit expired) for a stunning 5,000 sq. ft. estate with a 35-foot height allowance and a coveted south-facing backyard. Engineering, environmental studies, grading, and surveying have already been completed, streamlining the path to construction. Refresh the existing plans or design your dream estate. Ideally situated near high-end shopping and dining.