20888 Waveview Dr, Topanga, CA, 90290

Perched above one of Topanga's most exclusive streets in the prestigious "P.O. Tract," this rare gem, is a compound adjacent to the sprawling 11,000-acre Topanga State Park, this property offers King-of-the-Hill serenity, privacy, & breathtaking natural beauty. The estate comprises 3 distinct houses & 4 add'l dwelling units, thoughtfully laid out across a picturesque landscape of terraces, stone walls, pathways, & mature greenery. Each dwelling exudes charm & character, creating a sense of both seclusion & community, while offering sweeping 360-degree views of the surrounding canyon & mountains. An elevated entrance welcomes you leading to a security gate & circular drive, framing majestic Washingtonia palms that can be seen towering above the oak canopy from nearly anywhere in the State Park, marking the property, inviting exploration & indulgence in the pinnacle of indoor-outdoor living. Giant Birds of Paradise thrive throughout the yard, & numerous drought-tolerant cacti & Aloe Vera border the grounds. The main house, situated at the highest point of the estate, has a ranch-style aesthetic w/original Mexican Saltillo tile floors, & countertops of hand painted Malibu Ceramic tiles molded & fired from Laguna clay. Floor-to-ceiling windows flood the space w/natural light & offer unparalleled views of the Santa Monica Mountains. The kitchen is appointed w/Wolf stove & a stainless steel refrigerator, a stacked laundry center, & access to the outdoor grilling area. 3 bedrooms have the clean lines of solid hickory wood floors & glass doors that open to edge-of-the-world views. The premiere bedroom boasts a custom walk-in closet, entered through intricately carved, antique doors inlaid w/mother-of-pearl traditional craftsmanship from the tranquil island of Lombok, Indonesia, handpicked by the owner during his extensive travels. A glass door beckons to the outdoor Sundance Jacuzzi, sauna, & al fresco shower nestled on a terrace shaded by a lovely old oak. The full bath showcases travertine tile & natural stone wash basin. A wrap-around terrace, w/mosaic tile flooring & stone walls, surrounds the main house. 500+ sq ft of the cabana/outdoor dining area offers an inspirational space for kicking back or entertaining. The 2nd house exudes a cozy cabin vibe, w/a bright & airy open floor plan. The original patina of 1950's handcrafted California pine cabinets & paneled walls throughout the home radiates charm; as do solid hickory wood floors, & a wood-burning stove set against a backdrop of river rock. Picture windows frame the breathtaking views, while a spacious terrace invites you to relax & unwind in style. Likewise, the bedroom vista also overlooks the treetops of the state park. The tiled bathroom features a glass-enclosed shower. The 3rd house is a quaint but roomy 1948 one-bedroom cottage tucked away at the tranquil end of the street, surrounded by parkland & oak trees. The pvt driveway accommodates 2 cars, while an enclosed garage provides secure storage + washer/dryer. This bright, airy cottage has fresh exterior paint, newer roof, newer windows, Hickory floors throughout, & tile accents in the sassy white kitchen. The open-beamed ceiling & Jack Rice river rock fireplace w/wood burning stove inset maintain the original charm. 350 sq ft deck overlooks the park, provides below-deck storage, & platforms an outdoor clawfoot tub for soaking under the stars. The standalone units, including a 1969, 31' Streamline Trailer w/hook ups, each offering myriad amenities ideal for offices, tiny homes or artist studios & they are oriented to balance privacy & community. Between them lies plenty of open land, some of which is currently dedicated to massive, raised bed garden and has potential for a pool! A compelling investment - or co-living opportunity with endless possibilities - whether you're seeking a private home, investment, or creative haven this lucrative income-generating venture is where dreams can take flight!