Set above the lake on prestigious Park Contessa, this distinctive Calabasas residence offers beautiful lake views and an exceptional opportunity to create a custom home in one of the community's most sought-after locations. Located on one of the few streets in the neighborhood comprised of traditional single-family residences rather than zero-lot-line homes, the property provides privacy, space, and remarkable long-term potential. Originally built by the owner with notable attention to durability and construction quality, the home features solid plaster interior walls and cedar-lined bedroom closets, reflecting a level of craftsmanship and attention to detail rarely found in modern construction. This owner-built residence showcases thoughtful materials and construction methods that provide a strong foundation for future customization. The existing structure offers a generous footprint ready to be completed and tailored to a buyer's vision, including unfinished interior areas originally intended for a kitchen and entertainment bar. The residence includes two full bathrooms and a powder room inside the home, along with two additional exterior bathrooms designed to support a future pool and outdoor entertaining environment, creating exciting possibilities for a true indoor-outdoor California lifestyle. Enjoy serene lake views and the peaceful surroundings of the Calabasas Lake community, all just moments from The Commons at Calabasas, premier shopping, dining, and the award-winning Las Virgenes Unified School District. For buyers seeking to create a custom home in a premier Calabasas Lake location, this property provides the rare chance to complete and personalize a residence in an area known for strong demand and exceptional long-term value.