Dr. Dre, Britney Spears, former Greenbay bagger Clay Matthews, are just a few of the notable residents who have bought or sold homes in recent years in Calabasas, an all-star favorite town in Los Angeles County’s Santa Monica Mountains. Angels.
Y the oaks, a super exclusive double gate community within Calabasas, it is a particular magnet for celebrities and VIPs in the arts, music and entertainment industries. The neighborhood, which offers quick access to downtown Los Angeles, Malibu, Burbank and Beverly Hills, is a place “where kids can safely bike and walk, neighbors are generally quite friendly, and there’s a strong sense of community.” Tomer said. Fridman, real estate agent for Compass.
Residents gather for a variety of events, he said, adding that “Halloween trick-or-treating in the neighborhood is famous for being unique.”
At the end of the Calabasas Parkway, The Oaks is bounded by the gated community of Hidden Hills and Highway 101 to the north, Topanga Canyon Boulevard (also known as State Route 27) to the east, the Santa Monica Mountains to the south, and the city of Agoura Hills to the west.
The community has two sections: The Oaks and The Estates of The Oaks, the more exclusive section where celebrities live is behind a second gate.
Sue Walsmith, a real estate agent with Sotheby’s International Realty Calabasas Brokerage, noted that home prices have risen “dramatically” in recent years, saying properties start at $3 million and go as high as nearly $30 million.
He noted that houses that are updated and priced fairly sell within a couple of weeks. “Otherwise, it’s more like three to six months, and price reductions are made before they’re finally sold,” she added.
Mr. Fridman noted that properties in The Oaks have broken two records in the last two years: one for price per square foot, $15 million, and the other for sales price, $30 million. 17,000 square foot custom estate on 1.6 acres that were sold in 2021.
Homes at The Oaks are made up entirely of single-family residences, and while there are a few custom homes in the Community of 500 homes, most of which were developed by homebuilders beginning in the late 1990s and have since been customized or remodeled.
“Most of the housing growth started around 2002 and continued through 2010,” Ms. Walsmith said, adding that a few custom residences have recently been built in The Estates section of the community.
There are a variety of styles, including California Mediterranean, French Country, English Tudor, and Spanish Colonial, with most homes between 4,500 and 7,000 square feet.
Most lots range from a half-acre to an acre, Fridman said, noting that the properties “are beautifully maintained and landscaped with beautiful landscaping; some offer views. There are, of course, completely grandiose estates that are unique.”
what makes it unique
Everything from the community’s secluded setting surrounded by mountains and its 24 hour security guards to the amenities including a 3.5 acre community park, a clubhouse, a pool/spa, a playground, a sports court, tennis courts, a fitness center, a jogging/walking trail, and meeting rooms set The Oaks apart.
The fact that The Oaks abuts open space conservation areas makes it “a rare find in Southern California,” Fridman added.
The Oaks is exclusively residential; For shopping, dining, and cultural activities, residents head to Old Town Calabasas, which is just minutes away, or even to Downtown Los Angeles, Burbank, Malibu, and Beverly Hills.
The Commons at Calabasas, a shopping and entertainment complex, has a variety of big-name stores, including Barnes & Noble, Williams Sonoma Home, and Lululemon. Their places to eat include Barney’s Gourmet Hamburgers, Marmalade Café, whose menu includes burgers, fish and chips, and sesame-ginger glazed salmon, and Porta Via Calabasas, which serves fish, salads, and pasta.
Westfield Topanga & The Village, a shopping center in nearby Woodland Hills, has a variety of luxury brand stores including Neiman Marcus and Nordstrom, and high-end boutiques including Burberry, Cartier, Gucci and Tiffany & Co.
Erewhon Market, another city favourite, is an upscale organic market that also sells prepared food.
The nearby Calabasas Country Club has a championship golf course designed by Robert Trent Jones Sr., a performance center and catering facilities.
The Las Vírgenes public school system, which includes a high school with the International Baccalaureate program, has the highest rating. Residents also send their children to nearby Viewpoint School, a private coeducational institution that enrolls students from kindergarten through high school.
Surrounded by mountains, The Oaks offers access to several hiking trails, including one that runs through the community. The neighborhood has its own 3.5-acre park, as well as a clubhouse, lap pool, wading pool, sports courts, picnic area, and ball field.
The neighborhood is also close to Malibu Creek State Park, which covers more than 8,200 acres, the 588-acre King Gillette Ranch Park, and the Upper Las Virgenes Canyon Open Space Preserve, which covers more than 3,000 acres.
The old part of the city is another attraction. It includes the Leonis Adobe Museum, which focuses on California ranch life in the late 1880s; the Sagebrush Cantina, a Mexican restaurant with live music; and a farmer’s market that is installed every Saturday.
Malibu and its beaches are only 18 miles away, and the elegant boutiques and restaurants of Beverly Hills are 24 miles away.
Who lives there
The Oaks attracts a variety of high net worth individuals in various career fields, including celebrities and people in the entertainment industry.
“There are many other who are professionals in other fields,” said Ms. Walsmith. “Lawyers, doctors, business and financial professionals. Many bought when the community was just getting started and home prices were more reasonable. And many have stayed even though their children have grown up and no longer live at home. But there are also young families who have moved in recent years who plan to raise their families here.”
Saying he is “optimistic” about the future of the real estate market in The Oaks, Mr. Fridman noted that the intense demand, created by all the celebrities who have bought properties in the community, has continued to push prices up.
New developments, along with “edge design and architecture products,” continue to fuel interest, he said, adding that “security and land have continued to prove even more valuable in recent years, and prices have continued to increase.” increasing”.
Even during the pandemic, the market did not waver, he said. “The more exclusive gated communities began to have unquantifiable appeal, particularly to families. The Oaks withstood Covid-19 while maintaining, and perhaps enhancing, its appeal due to the perks provided.”
Ms. Walsmith also sees a bright future for The Oaks.
Because the population of Calabasas is only 24,000 and because there is no more building land in The Oaks, he said prices will remain stable.
“Prices have continued to go up for the last three or four months as buyers are a bit scared with the stock market and rising interest rates,” he said.