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20070 Observation Dr, Topanga, CA 90290

Sale Price: $1,342,500
Dec 4, 20242,750 sqft3 beds3 baths
Listed by: Larry Krogh
License #: 01305510
Phone #: (805) 312-0512
LIV Sotheby's International
Source:
CRMLS Logo
MLS #: V1-27033

Property Description

Unlock a once-in-a-lifetime chance to own a piece of Hollywood history and an exciting investment opportunity at 20070 Observation Drive, a 3-bedroom, 3-bathroom architectural treasure in serene Topanga Canyon. This stunning home, once a retreat for Robin Williams during his iconic Mork & Mindy era, carries a unique legacy that sets it apart. Now, with a $175K price reduction, this Bob Bates-designed masterpiece--listed for the first time in 41 years--presents not only a breathtaking residence but also an exceptional opportunity with one of the lowest priced properties by price per square foot. Spanning 2,750 sq ft, the property features a self-contained bottom unit with a kitchenette, full bathroom, covered deck, a spacious yard, and laundry facilities--perfect for generating rental income or serving as an Airbnb. You can also rent out the entire house to maximize returns, leveraging its architectural allure and Hollywood pedigree to attract vacationers seeking a unique getaway. Beyond its income potential, this home is a sanctuary of design and tranquility. Ascend to the top-floor viewing room, where expansive windows frame jaw-dropping canyon vistas. Tucked into a safe, secure enclave, the property offers a peaceful retreat from urban chaos, with modern conveniences like Amazon Fresh Delivery ensuring daily life remains effortless. Outside, a drought-resistant garden with towering native oaks creates an eco-friendly oasis requiring minimal maintenance. Steps away, Topanga State Park trails lead to landmarks like Eagle Rock and Topanga Creek waterfalls. In spring, the canyon bursts into life with wildflowers and migratory birds, delighting nature enthusiasts. At 20070 Observation Drive, architectural brilliance, natural splendor, and a Hollywood legacy converge. With its significant price drop, this extraordinary property is more attainable than ever. Whether you're seeking a serene lifestyle, a smart investment, or both, this home delivers it all. Don't miss your chance to own a piece of history and secure a financial win--act now before this gem is gone.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,643

TurboHome Estimated Value

$1,463,100

$532 sqft

High Valuation
$1,536,255
$559/sqft
Normal Valuation
$1,463,100
$532/sqft
Low Valuation
$1,389,945
$505/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$532/sqft$1,463,100

Neighborhood

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Comparative Value

$1.34M

$1.55M

$1.90M

20070 Observation Dr, Topanga, CA 90290

Sale Price: $1,342,500

Selected Comparable

20070 Observation Dr, Topanga, CA 90290

List Price: $1,550,000

Subject Property

20046 Valley View Dr, Topanga, CA 90290

Sale Price: $1,900,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
20070 Observation Dr, Topanga, CA 90290

20070 Observation Dr, Topanga, CA 90290

List: $1,550,000

Listed: 12/4/2024

Area:2,750 sqft
Price/sqft:$564
Beds:3
Baths:3
Year Built:
Lot Size:19,244

Comparable Properties

COMPARABLE
Choose comps
20070 Observation Dr, Topanga, CA 90290

20070 Observation Dr, Topanga, CA 90290

Sale: $1,342,500

7/3/20250.00 mi

Area:2,750 sqft
Price/sqft:$488
Beds:3
Baths:3
Year Built:
Weight:52.5%
20046 Valley View Dr, Topanga, CA 90290

20046 Valley View Dr, Topanga, CA 90290

Sale: $1,900,000

5/7/20250.43 mi

Area:2,644 sqft
Price/sqft:$719
Beds:3
Baths:3
Year Built:
Weight:47.5%

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