Free Fall For Tom Petty's Encino Mansion

ENCINO, CA — The Largest home listed in Encino is none other than Tom Petty's storied mansion, the stunning palace with a colorful history that has sat on and off the market for the last couple years.

The 11,483-square-foot mansion may finally have a buyer as it's listed as pending on Realtor.com

Rebuilt in 1989 after a fire destroyed the home, it sits atop a private, sprawling acre, with a long, gated driveway at the end of a secluded lane. A line of trees canopy the drive leading to the 6-bedroom, 11,483-square-foot home boasting driftwood beams, soaring high ceilings and windows exposing gorgeous canyon views. It features an outdoor kitchen, a spa, and a three-bathroom pool house and cabana. A gym now sits where Petty's recording studio used to be. The house has been stunningly renovated. So what gives?

The storied house has a history as colorful as any LA rocker. It has seen its share of highs and lows, namely "a fire, divorce, bankruptcy, foreclosure, tenants from hell, and a SWAT team invasion," according to Realtor.com. But's a gorgeous home, and someone is likely to free fall for it.

• Address: 4626 Encino Ave, Encino, California (Click for more photos)
• Price: $4,995,000
• Square Feet: 11483
• Bedrooms: 6
• Bathrooms: 8 Full and 2 Half Baths
• Built: 1989
• Features: 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.

This listing originally appeared on realtor.com. For more information and photos, click here.