Located at the end of a cul-de-sac and deep within highly sought Conejo Oaks, this extremely rare and privately gated acre and a half offers tremendous opportunities. Situated on the upper lot, the 5 Bd 4 1/2 Ba single level home offers approx. 4,174SF of open living space and has just undergone a full ''studs out'' permitted renovation completed in 2023. The next best thing to a brand-new build - almost EVERYTHING is new! Custom cabinetry, hardwood floors, designer lighting, Kohler fixtures, Lutron smart lighting, all new plumbing, electrical, roof and HVAC systems. New steel beams create large vaulted ceilings in the kitchen and living and dining rooms with tongue and groove details. New windows overlook the vast property and bi-fold doors bring the outdoors in for the ultimate in California living. There are approved and permitted plans ready to go for an attached 1500 SF garage. Additional development opportunities for the property include - potential to parcel the property into two lots to build another single-family luxury residence, or potential to place multiple ADU's on the property for personal use or rental income. Every once in a while, an amazing opportunity presents itself, and this is one you do not want to miss!