Tranquil oasis

Location: 4724 1/2 Forman Lane, Toluca Lake 91602

Asking price: $1,995,000

Previously sold for: $350,000 in 1998

Size: There are four bedrooms and 3 1/2 bathrooms in 4,000 square feet. A guest cottage with a private entrance is roughly 400 square feet and has a kitchen and a three-quarter bathroom.

Lot size: Slightly more than a third of an acre

Additional features: Dynamic Cooking Systems range and stove, built-in 30,000 BTU wok burner, travertine counters, aggregate concrete floors, 250-plus bottle wine cellar, Douglas fir outdoor deck, two-car garage. The sculptured gardens are home to nine varieties of bamboo and are illuminated by hundreds of decorative lights.

Around the neighborhood: Through June, 37 single-family homes sold in the 91602 ZIP Code, according to MDA DataQuick, at a median price of $668,000. That was a 19.6% price drop from the first half of 2008. There were 77 homes listed for sale last week in 91602 at Realtor.com priced from $379,900 to $8.5 million.

Listing agent: Andrew J. Manning, Prudential California Realty, Sherman Oaks, (818) 528-3200