A Calabasas estate dubbed Oaktree Ranch topped last week’s luxury homes to go into contract with a nearly $15 million asking price.
As of Tuesday, the sale for the property at 715 Crater Camp Drive was still pending. The 19-acre equestrian estate topped Los Angeles County contracts last week, based on a report compiled by Marcy Roth of Douglas Elliman’s Eklund Gomes team. The Eklund Weekly Luxury Report Los Angeles rounds up single-family homes and condominiums listed in the Multiple Listing Service for $4 million or more and lists the top contracts based on asking price.
The five-bedroom, eight-bathroom home, which spans 7,500 square feet, was listed in November 2024 for $16.5 million — about 9 percent higher than its current ask. Before that, the home was listed and unlisted a couple of times in recent years, and sought nearly $25 million as recently as 2023, according to Zillow.
Westside Estate Agency’s Stephen Shapiro and Kurt Rappaport hold the listing.
If this deal goes through, it will mark the home’s first sale since it was built in 2003 by the sellers, former Warner Bros. co-CEO Robert Daly and his wife, singer-songwriter Carole Bayer Sager. The gated estate includes a gym, offices, swimming pool with a cabana, barbecue area, a lighted tennis court, an eight-horse stable with a stable manager’s office, chicken and pigeon coops, along with goats, ducks and ponies. There’s also a four-bedroom guest house.
Oaktree ranch was one of 14 new signed contracts in L.A. County last week reported by the Eklund Gomes team for a total of $106.3 million in asking volume. That’s down from the same week last year which recorded 20 homes going into contract for a total of $129.3 million.
The second priciest home by listing to go into contract last week was at 712 Walden Drive in
Beverly Hills. Situated in the Beverly Hills Flats, the nearly 5,300-square-foot residence asked about $14 million, or $2,655 per square foot. As of Tuesday, the sale was in escrow for the home which hit the market in late-March. Carolwood Estates’ Marcie Hartley has the listing and declined to disclose the seller.
The five-bedroom, seven-bathroom 1924-built home features a chef’s kitchen, wet bar, garden studio, pool and covered cabana. Since September 2024, the home has been listed for rent three times, each time asking $25,000 per month, according to Zillow. It last sold in 2017 for $8.8 million.
