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Spec Mansion Sells for $30M in San Fernando Valley - Land.Net News

A newly constructed Calabasas estate sold this week for $30 million, smashing the San Fernando Valley’s previously-held record of $22.9 million.

Real estate developer Michael Palumbo envisioned the eight-bedroom, 14-bathroom spec mansion at 25354 Prado De La Felicidad. Spanning 22,000 square feet, the home’s ‘French Modern’ architectural style is exemplified by its mansard roof, off-white stucco exterior, steel-framed windows and copper details.

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