The largest flat lot available on the market in the San Fernando Valley. The Magnolia Estate, in the prestigious Amestoy Estates of Encino, conveys a captivating allure. Recents sales on 5345 Encino ($9.6M) and 5343 Amestoy ($10M) for smaller lots, demonstrate the compelling value of this pancake-flat 49,000 sq. ft. lot with an absolutely turn-key gorgeous gem of a house. This is why the Westside buyer moves to the Valley - land! Impressive wide frontage, gated, and set back off the quiet cul-de-sac street. The huge usable front yard has an orchard of fruit trees. The alluring architecture immediately announces the unique character of this stellar modern masterpiece. Warm natural woods with soaring beams and floor to ceiling windows expose the massive flat yard in jaw-dropping fashion. The distant basketball court, the serene vegetable gardens, the inviting fire pit, the expansive never-ending rolling lawn of green grass, the sparkling pool, and the covered outdoor dining all deliver the finest in outdoor living. The single-story floor plan with a main level master suite, along with four other over-sized secondary bedrooms, make this a coveted long-time asset for any future re-sale. The upstairs movie theater, gigantic bonus rumpus room, gym/yoga studio, powder bath, and a full en suite guest bedroom complete the compelling package of a true family compound. Close to all the great private schools, after-school sports, and easy shopping. Rarely is such a gem presented that can literally take a lifetime to find or build.