Tucked away in the highly sought-after Waverly Heights neighborhood, this rare gated horse-zoned property offers privacy, flexibility, and country-style living in the heart of Thousand Oaks. Set on an expansive approx. 23,000 sq ft flat lot, the ranch-style residence sits elevated above the street and features 4 bedrooms, 2.5 bathrooms, oversized living spaces, and stone flooring throughout. The grounds are truly exceptional, offering endless possibilities for multi-generational living, creative workspaces, hobby use, or future expansion potential. Additional detached structures provide flexible space for a studio, office, gym, workshop, storage, or other uses. Designed for both entertaining and everyday enjoyment, the backyard showcases a sparkling PebbleTec pool, expansive built-in BBQ area with concrete countertops, grassy play areas, mature fruit trees, and abundant outdoor gathering space. The oversized lot also offers gated access and ample room recreational vehicles, toys, or equestrian use. Inside, the home features a spacious primary suite with soaking tub and dual vanities, recessed lighting throughout, a cozy fireplace, wet bar, and an indoor laundry area with washer and dryer included. The kitchen and bathrooms were updated with granite countertops and stone finishes, while a newer HVAC system adds comfort and efficiency. Leased solar helps reduce utility costs.With tremendous versatility, privacy, usable land, and incredible upside potential, this unique property offers a rare opportunity to create a private compound in one of Thousand Oaks' most desirable neighborhoods.