Home for Sale at 5227 Newcastle Lane, Calabasas, CA 91302

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5227 Newcastle Lane
Calabasas, CA 91302

Barbara Alpert with Coldwell Banker Realty, original listing - (818) 222-0023

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Property Details

List Price:	$4,250,000
Beds:	5
Baths:	Full: 5
Status:	Active
SqFt:	5920 Square Feet
Agency:	Coldwell Banker Realty
Agency Phone:	(818) 222-0023

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1990
Notes:	Stunning updated Tuscan Villa in the exclusive guard gated community of Mountain View Estates. This 5 bed 5 bath home sits on a private cul-de-sac view lot with approximately 5900 sq. ft. of luxury living space. The dramatic entry leads to the light filled 2 story living room with floor to ceiling Palladian windows. The updated kitchen, with a large center island & top of the line stainless appliances, opens to the grand size family room complete with a fireplace, wet bar, built-ins & French doors to the backyard. The formal dining room with beautiful lighting is both large and elegant. This open floor plan is ideal for crowd size entertaining. There are 3 generous size bedrooms downstairs plus 3 bathrooms & a large laundry room. Upstairs the primary suite features a sitting room, fireplace, built-ins, an exercise room with a wet bar, 2 large walk-in closets, a bathroom with dual vanities, spa tub and shower, plus a huge balcony with views of the surrounding hills. An additional bedroom upstairs has a pretty bathroom, walk-in closet & balcony. Entertain with ease under the large covered patio, sparkling Pebble Tec pool, spa, & lush landscape. Amenities include plantation shutters, stone & hardwood floors, organized closets, & always green artificial grass. This gorgeous home has wonderful curb appeal, an excellent open floor plan, quality amenities, privacy & views. Located in one of the most sought-after communities with a magnificent entry, tennis & pickleball courts, security and award winning Las Virgenes Schools. Nothing else like it!
MlsNumber:	--
ListingId:	SR25043985

Listing Provided By:	Coldwell Banker Realty, original listing
Phone:	(818) 625-1377
Office Phone:	(818) 222-0023
Agent Name:	Barbara Alpert
Disclaimer:	Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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