Opportunity is knocking! Existing home and already approved plans for 3,776 sq. ft. addition. This gated home sits on 5 acres surrounded by breathtaking mountain views. Located across from Sherwood Country Club on highly desirable Carlisle Rd and situated amongst multi-million dollar estates. The existing property includes a newly remodeled 2 bedroom, 1.5 bath home. Spacious 4 car garage with 10' ceilings, beautiful swimming pool/spa and mature landscaping. Full approvals are included for the stunning open-concept addition, with a completed total of 5 bedrooms, 4 full and 2 half baths, totaling 4,876 sq. ft. All infrastructure is already in place for the new addition including septic and well. Live in the existing home and start building as soon as you close escrow! Truly so many possibilities on this gorgeous property. Multi-family, multi-generational, horse corral, vineyard, rental income? Don't miss this rare opportunity to live in this tranquil, yet convenient location. Just 5 minutes to Westlake Village shopping, the freeway, and minutes to Malibu. This is an absolute investor's dream.