First time on the market in almost 30 years! This Academy & Emmy award winning owner's almost 6000 sq ft estate has hosted countless celebrities & dignitaries. At under $520 per sq ft this is truly one of the best buys in Encino South. Located on a prestigious cul-de-sac with multi million dollar estates this home creates the opportunity for added value for its next lucky owner. Set above the street, its gated frontage leads to a double door dramatic entry with soaring ceilings & massive windows letting the natural light shine throughout. The lower level offers a true chef's kitchen w/ cathedral wood beam ceiling, black & white accents & stainless appliances including a double fridge/freezer. A cozy den is off of the kitchen area as well as a banquet sized formal dining room with fireplace & adjacent bar servicing both interior & exterior guests. A bank of french doors leads to the private pool/spa & outdoor living/dining area with river rock accents & a cascading waterfall. There are 2 separate entertaining rooms ideal as game rooms & a movie room off of this area. A separate hall leads to what were the original 2 bedroom suites now converted to a wine tasting venue but easily converted back to 1 or 2 bedroom suites. A car collectors garage with 2 story ceilings offers an opportunity to create additional loft space & or car lifts for the car enthusiast. A sweeping staircase leads to 5 upstairs bedroom suites with exterior balconies overlooking the mountains & trees. A gracious primary suite includes a separate sitting room. Massive closets & a grand scale spa style bath. This is truly a home with limitless possibilities in an ideal location. Move in and enjoy or design to personal tastes over time. Steps from local fine dining shopping and so much more. Come see the magic of 4616 Balboa today and get ready to make your dreams come true.