First time ever on the market. An extraordinary development opportunity south of the Boulevard in the highly sought-after hills of Studio City. Perched on nearly an acre, this exceptionally private, street-to-street property spans approximately 41,800 square feet and offers breathtaking panoramic views of the valley, surrounding mountains, and sparkling city lights. Surrounded by mature trees and lush natural landscaping, the expansive grounds provide a rare sense of seclusion and tranquility while capturing the beauty of the surrounding hillside. An incredible opportunity for a builder, developer, or end user to create a one-of-a-kind dream estate in one of Studio City's most desirable locations. The existing 1938 Spanish-style residence offers an opportunity for extensive restoration or a completely new vision. With its generous lot size, street-to-street access, spectacular views, and exceptional privacy, the possibilities are endless. Tucked away in the coveted East Laurelwood neighborhood, within the Carpenter Community Charter School area and just moments from Ventura Boulevard's premier dining, shopping, entertainment, and nearby hiking trails. A rare chance to create a landmark estate in a premier Studio City location, where privacy, views, and nearly an acre of land come together. Probate sale, no court confirmation required. Sold as-is. Buyer to verify all development possibilities, zoning, and building requirements.