PRICE ADJUSTMENT!!! Here is truly a once in a lifetime opportunity to own and build a magnificent estate on 13+ pristine acres nestled right within the hills of Studio City, with lots of privacy and safety. This majestic setting provides sweeping, panoramic views of the area canyons, mountains and city lights below, and provides a wide range of native vegetation, local wildlife and the incredible potential for residential development. Private and secluded, this property offers the opportunity to build a destination estate with your own hiking trails and have open space situated adjacent to the “Tree People” and “Wilacre Park.” You’ll live in a beautiful, rural setting with easy access to Mulholland Drive, the freeway, Westside, Harvard Westlake, award-winning schools, and the studios. The listing includes a site study as well as design and conceptual plans provided by an architectural firm. This includes a magnificent estate with the main house composing of of 10,700 sq. ft. with 6 bedrooms, 8 bathrooms, a 1 bedroom+1 bath guest house, entertainment area, multiple accessory buildings, a 7-car garage, entertainment room, indoor gym, a bar / lounge area, outdoor terraces / balconies and a swimming pool. This is one of the largest properties to have ever been surveyed this close to a densely populated area, as stated by the surveying firm. The Baseline Hillside Ordinance indicates a maximum of 117,162 square feet of Residential Floor Area could be built on this site. This parcel can be split to add a 2nd dwelling unit for future development. One entrance to the lot is located adjacent to 3969 Alta Mesa Dr which is also available for sale. Acreage like this is a blank canvas for someone who desires to paint their own dream-come-true in one of LA County’s most sought after and exclusive neighborhoods!