Price improvement!!! Discover this remarkable ranch style single-story home, located south of the Boulevard in Encino's prestigious Rancho Estates. This entertainer's home boasts an open floor plan with endless opportunities to construct the ideal living space. As you enter through the double doors you are introduced to the great room consisting of soaring high ceilings, terrazzo flooring and plenty of natural lighting. This impressive great room includes a formal living room, family room and a conversation area with surround sound throughout the entire area. The bar, which is a great focal point is centrally located between all of the rooms. The open chef's kitchen is equipped with two islands, two dishwashers, two sinks, and four ovens and includes a large walk-in pantry. Adjacent to the kitchen is a spacious dining room making this the ideal house for hosting large gatherings. The large primary suite comes with an oversized primary bathroom, 3 walk-in closets, and direct access to the backyard. The luxurious spa-like bathroom has a jacuzzi tub, dual shower, and 3 vanities. All the secondary bedrooms are very spacious and include en-suite bathrooms providing maximum comfort. This beautiful modern home is ideal for seamless indoor-outdoor entertaining with folding glass doors that completely open the great room and formal living room to the backyard. The multi-level backyard has an abundance of room to entertain, with the lower deck perfect for lounging or grilling on your outdoor island. The upper deck comes equipped with a fire pit, a large pool and a built-in spa. This property is completely gated providing extreme privacy and features newer plumbing, electrical, and HVAC units.