Nestled within the highly sought-after Morrison Ranch Highlands, this expansive Spanish-style estate presents a rare opportunity to lease nearly 5,000 square feet of timeless architecture on an oversized 14,574 sq ft lot. Offering 5 bedrooms and 5 bathrooms, the home blends scale, character, and exceptional indoor-outdoor living-ready to be enjoyed as-is or reimagined into a modern showplace. A dramatic two-story entry welcomes you into the formal living room, where soaring ~20-foot ceilings, a statement fireplace, and a sun-filled bay window create an immediate sense of volume and warmth. An elevated loft overlooks the space, enhancing the home's open, airy design. Custom built in cabinets & window seats - custom two person work stations upstairs in bonus room /loft. The kitchen is designed for both everyday living and entertaining, featuring a large center island with prep sink and bar seating, a 48-inch GE Monogram refrigerator, double ovens, wine cooler, and Wolf range & warming drawer. It opens seamlessly to the family room, where rich wood beam ceilings, custom paneling, and a fireplace create a comfortable yet refined gathering space. French doors lead to an exceptional backyard retreat designed for year-round enjoyment. A heated, open-air lanai anchors the outdoor living experience, complemented by a fully equipped custom kitchen with commercial-grade BBQ and pizza oven. The resort-style pool features a pebble finish and beach entry, while the oversized spa spills elegantly into the pool. A fire pit lounge offers a perfect setting for evenings under the stars, with additional yard space for recreation and play. New exterior Sonos sound system for backyard. The flexible floor plan includes two guest or staff suites on the main level-ideal for multigenerational living, office use, or private accommodations. Additional features include whole-home Ethernet wiring, EV charging capability, and solar for improved energy efficiency. Located within the award-winning Las Virgenes Unified School District and just minutes from Calabasas amenities and Malibu's coastline, this property offers the ideal combination of space, location, and long-term upside in one of the area's most desirable communities.