Welcome to this stunning new gated estate situated south of the Boulevard, in prime Encino. As you step through the grand entrance, you're greeted by an expansive open floor plan bathed in natural light. The formal living room, featuring a cozy fireplace and white oak accents, flows seamlessly into the elegant dining room. The gourmet chef's kitchen is a masterpiece, boasting two large islands, natural stone countertops, custom cabinetry, top-of-the-line Miele appliances, a walk-in pantry with an additional refrigerator, and an espresso machine. The kitchen opens to the spacious family room, which has its own fireplace, custom built-ins, and large sliding glass doors that create a harmonious indoor-outdoor living experience. The main level also offers an office with built-in cabinetry, a powder room, and a full ensuite bedroom with direct access to the backyard. Upstairs, the serene primary suite awaits, featuring a white oak pitched ceiling, a fireplace, two walk-in closets, and a private balcony overlooking the backyard. The spa-like primary bathroom offers dual vanities, a soaking tub, and an oversized shower. On this level, you'll also find a secondary living space with built-ins and a beverage fridge, three additional ensuite bedrooms, and a laundry room equipped with dual washers and dryers. The basement level is designed for ultimate entertainment and relaxation, with a generous living space, powder room, wet bar, walk-in wine room, theater, gym, ensuite bedroom, sauna, and steam shower. The home also features an elevator, Control4 smart system, and a three-car garage. Outside, the show-stopping backyard is an entertainer's dream, with a zero-edge pool and spa with a waterfall, a covered cabana patio, built-in barbecue, sports court, fire pit, and a detached recreation room with a full bath. Located in the highly acclaimed Lanai Road Elementary school district and just moments from the shops and dining on Ventura Blvd, this exceptional home is a must-see. Also available for lease at $50,000 / month.