Located on nearly one acre of park-like grounds at the end of a gated & private driveway in Encino's exclusive Rancho enclave, this estate evokes a magical vision of romance & tranquility. Originally built in 1989 & the former home of music icon Tom Petty, this spectacular estate offers distinctive architecture, crafted w/extreme attention-to-detail & the finest quality. Apx. 11,500 sq.ft., this home has been recently renovated while still maintaining its original integrity & unique style. The front entry leading into the living rm immediately sets the stage for this impressive home w/its sophisticated architecture & soaring high ceilings. Family rm, formal dining rm, & sprawling kitchen. Spectacular main level master suite plus upper level 2nd master suite & 4 add'l bdrm suites. Lower level wine cellar, gym, massage rm, work space, kitchen & vocal booth. Idyllic exterior grounds w/cabana/bar, firepit, al fresco dining area & cascading waterfall & stream flowing into the pool & spa.