Located on nearly one acre of park-like grounds at the end of a private driveway lined with a canopy of trees in Encino’s exclusive Rancho enclave, this gated and very private estate evokes a magical vision of romance and tranquility. Originally built in 1989 and the former home of music icon Tom Petty, this spectacular estate offers distinctive architecture, crafted with extreme attention-to-detail and the finest quality with no expense spared. Consisting of apx. 11,500 sq.ft. of living space, this home has been recently renovated including updating of the color palette and introducing modern finishes, while still maintaining the original integrity and unique style. The front entry leading into the living room immediately sets the stage for this impressive home with its sophisticated architecture and soaring high ceilings with windows exposing gorgeous canyon views from every angle. Bedrooms consist of a spectacular main level master suite that is beyond comparison, complete with two grand-scale closets and dual spa-quality bathrooms, plus an additional upper level master suite, 4 spacious secondary bedroom suites, and a total of 8 full bathrooms and 2 half baths. Additional public rooms include a family room that was originally staged as a “theater-in-the round,” which offers great space for entertaining, as well as an open space formal dining room with walls of windows overlooking an exhilarating view of the waterfall. The sprawling kitchen features a compelling combination of retro brick elements with modern Carrera marble and trendy fixtures. The many amenities in the downstairs level, which was Tom Petty’s original recording studio space, now presents a wine cellar, gym, massage room, creative work space, kitchen, vocal booth, den, and fabulous guest suite.The idyllic exterior grounds offer fabulous space for leisure and entertainment, featuring an outdoor cabana/bar, firepit, al fresco dining room off the kitchen, and cascading waterfall feeding into a running stream and flowing into the pool and spa.