0 Canoga NOW is the time to live your dream. This is an extremely rare opportunity to purchase nearly 40 acres of breathtaking vacant land perched high in the hills of Chatsworth, directly adjacent to the prestigious, newer gated community of Deer Lake Ranch.This remarkable parcel offers endless possibilities—build a world-class estate, private ranch, or a multi-estate family compound. New multi-million-dollar estates are currently being completed just south of the property line, with water, power, and utilities nearby, making this an exceptional opportunity for future development. Perfectly positioned between luxury communities, the property sits west of the renowned Toll Brothers development of Porter Ranch and east of the prestigious Indian Springs / Indian Falls estates, placing it among some of the most desirable real estate in the Northwest San Fernando Valley. The parcel is located directly behind the northern edge of Deer Lake Ranch, offering privacy, prestige, stunning valley/mountain views and dramatic natural surroundings. Zoned A-1 (Agricultural), the land allows for a single grand residence or the potential to subdivide into up to four parcels, ideal for a private compound. Portions of the upper area are subject to Conservancy easements, preserving the natural beauty and enhancing long-term value. Enjoy stunning panoramic valley, mountain, and city-light views, miles of nearby equestrian and hiking trails, and direct access to the scenic Chatsworth hills extending toward Simi Valley. This property is surrounded by private land and protected open space, creating a rare sense of seclusion—yet remains minutes from modern luxury communities. Often described as one of Los Angeles County’s true hidden treasures, this may be the last significant developable land opportunity on Oat Mountain. Multiple new luxury homes are currently under construction within Deer Lake Ranch Highlands, with upcoming phases anticipated to start in the $2M–$3M range, further reinforcing the area’s strong long-term value Drive north on Topanga Canyon Blvd north of the 118 Freeway. Turn right on Poema Place, left on Deer Lake Ranch Road, and continue to the top of the hill. The property is on the left just before Horse Shoe Trail.