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PRICE REDUCED! Excellent Value Opportunity with a stunning Mediterranean 3647 sq. ft. 5bd/5ba Luxury home nestled in a private Encino gated community (South of Ventura) in the Lanai Elementary School District. Fix and update this home and you could find yourself with $200-300k in equity. This 1997 built home has foundation issues and needs an update but has a tremendous amount going for it: Grand entrance with high ceilings, Outdoor entertainment area with covered patio & built in bar-b-q overlooking the pool with a deck and tropical landscaping, formal dining room, large open space floor plan, custom paint throughout, 3 custom glass fireplaces & a beautiful chef's kitchen with stainless steel appliances, large island, & wine racks. Huge master suite with two large walk-in closets and private bathroom with dual vanities, spa tub and separate shower. Lock up this great equity opportunity before it hits the market next week.