18803 Wells Drive
About This Property
The main residence features 5 en-suite bedrooms and 5.5 baths, introduced by a commanding 10-foot solid wood pivot door and a dramatic floating staircase. A striking atrium with a faux olive tree brings warmth and natural texture, while the adjacent sitting area offers a stylish space to relax or welcome guests.
The open-concept living area boasts a sleek fireplace, faux wood beam ceilings, and expansive pocket doors that seamlessly connect to the oversized covered patio-outfitted with built-in heaters and a full outdoor BBQ kitchen, perfect for entertaining. The gourmet kitchen is a chef's dream with Dacor appliances, built-in fridge and freezer, wine fridge, and a separate butler's pantry with espresso machine, sink, second dishwasher, and ample storage.
Additional highlights include a formal dining room with custom cabinetry, a media room with projector and screen, and a private home office. Upstairs, the showstopping primary suite offers vaulted ceilings with beam accents, a fireplace, pocket doors to a private balcony, and a custom walk-in closet with built-ins, a lighted makeup vanity, and jewelry drawers. The spa-like bath includes dual sinks, a freestanding soaking tub, oversized shower, and an infrared sauna-rivaling any luxury resort.
Smart home automation via Control4 controls custom lighting, surround sound, and more-ensuring comfort and convenience at every turn. Step outside into your own resort-style retreat featuring a sparkling pool and spa, basketball sport court, and a stunning cabana with three walls of bi-folding glass doors.
Completing the estate is a detached ADU with full kitchen, laundry, one bedroom, and two full bathrooms-finished to the same high standards as the main home.
This is luxury living reimagined in one of Tarzana's most sought-after neighborhoods.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Aug 7, 2025 | Listed by RE/MAX One | $5,999,999 | |
| Listed by RE/MAX One | |||
| Jun 20, 2024 | No longer available | - | |
| No longer available | |||
| Dec 28, 2023 | Relisted | $2,500,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017