Now way below market value following a *massive* price reduction! After paying $4M in 2022, the sellers are ready to sell right away at ~20% off original purchase. Buy now and make a huge profit later when the market picks up! Optimized for the ideal SoCal lifestyle with a focus on recreation, this skillfully renovated, like-brand-new contemporary is tucked away on a coveted 'The Hills' cul-de-sac: Promising great value, the incredibly versatile backyard is perfect for entertaining with two covered patios, vast mahogany entertainer's deck, fire pit, heated swimming pool with water feature, spa, grassy yard, basketball free-throw line court, playhouse, and built-in barbecue! There is even a terraced organic vegetable garden for harvesting fresh home-grown fare. A fusion of varied texture and tone contribute to the exterior's curb appeal together with the lush, pristine gardens. Enter through a glass-paned pivot door to a double-height foyer illuminated by a large skylight above the staircase. Discover high-end finishes and wide-plank oak floors throughout. The living room features a bay window, cathedral ceiling, and a stylish quartz-clad fireplace with mantel. The formal dining room has a tray ceiling and large picture windows with sweeping views of the pool, valley, and surrounding greenery. The kitchen is fitted with a Forza porcelain double-sided waterfall island and matching backsplash with shelving, custom cabinetry, and top-of-the-line stainless-steel appliances including Wolf range, built-in coffee/espresso, and massive side-by-side refrigerator/freezer while adjacent breakfast nook is relaxing with a spectacular view. The family room is striking, with its magazine-worthy accent wall appointed with built-in cabinets, fireplace, and wine bar cellar creating a soothing atmosphere. Ground level offers a modern-design bathroom with exterior entrance, ideal for pool guests, plus an additional formal powder room. The separate office and light-filled in-law suite with attached bathroom complete the main floor in this elegant villa that can satisfy all family needs. Upstairs, through double doors is a spacious primary suite with marble fireplace and panoramic private balcony with spectacular vistas of the city, greenery, hills, Braemar, and the Valley beyond. Its spacious bathroom includes a vaulted ceiling with skylight, double-sink floating vanity, make-up desk, water closet, glass-enclosed shower with eucalyptus steam bath, and giant soaking tub. Several closets complete the ample spaces of the suite. Upper floor includes three more bedrooms and two en-suite bathrooms, one of which is Jack-and-Jill. Additional amenities include central vacuum, laundry chute, Nest smart home technology with all-in-one app control, built-in safe, new dual-zone AC/heat, and three-garage. Welcome to your new luxury lifestyle in 'The Hills' near Braemar and El Caballero golf clubs, schools and parks, the 101 Freeway, and the numerous shops and restaurants along Ventura Boulevard. Available with furnishings.