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500 Lower Lake Road, Westlake Village, CA 91361

$8.99M8bd · 11ba · 15,000 sqft
Lot 130,780 sqft•HOA $819.33/mo•Single Family Residence•
Active
•42d on market•MLS# SR-26204524

Property Description

THE PENINSULA | Southern California's Most Extraordinary Waterfront Estate Opportunity. A once-in-a-generation setting for the creation of an iconic waterfront legacy estate within the prestigious gates of Lake Sherwood. Encompassing approximately three acres with an astounding 1,100 feet of private shoreline and commanding 270-degree panoramic lake views, this remarkable trophy property is believed to be the largest privately held waterfront parcel on any suburban lake in Southern California. Set amidst an emerging enclave of architecturally significant luxury estates, THE PENINSULA offers an unparalleled canvas for creating a world class residence of enduring distinction. Privately situated behind the renowned 24-hour guard-gated Sherwood Country Club, the property delivers an exceptional combination of privacy, security, exclusivity, and natural beauty. With known entitlements completed, utilities in place, drainage installed, and grading completed, multiple prime building sites are prepared to bring an extraordinary vision to life. Imagine a magnificent custom estate featuring up to a 30,000 square-foot single-story main residence and guest house, complemented by resort-inspired amenities including a spectacular pool, championship-style tennis court, expansive motor court, and collector-quality garages. There may even be the rare opportunity to name your own private street. Further enhancing the property's rarity are four deeded private boat dock spaces, each approximately 60 feet in width, together with valuable water well drilling rights and lake water pumping rights for irrigation. Home to prominent business leaders, entertainers, and discerning residents, Sherwood Country Club is celebrated as one of Southern California's most exclusive and private communities. Just minutes from Westlake Village, residents enjoy convenient access to fine dining, luxury boutiques, premier entertainment, and highly acclaimed schools. Optional membership opportunities at Sherwood Country Club and The Miramar Lake Club provide access to an exceptional collection of resort-caliber amenities, including championship PGA golf, an executive golf course, 15 tennis courts, Olympic-sized swimming pools, luxury spa facilities, state-of-the-art fitness centers, and distinguished dining experiences. Rarely does a property of this scale, water frontage, privacy, security, and development readiness become available. Owner may consider a trade.

Features & Amenities

FeeBuilt 2026

Property Details

Land Type
Fee
Year Built
2026
Property Type
Residential
Property Subtype
Single Family Residence
Heating
None
Cooling
None
View
Lake, Panoramic
City
Westlake Village
Zip Code
91361
County
Ventura
Listed byPinnacle Estate Properties, Carl Torres

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$45,453.28
Principal & Interest
Loan Amount
$7,191,200
Total Interest
$9,171,979
Total Payment Over 30 Years
$16,363,179
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

500 Lower Lake Road, Westlake Village, CA 91361

Westlake Village · Single Family Residence

$8.99M
Luxury Tier
Beds
8
Baths
11
Sqft
15,000
Lot
3.00 ac
Year
2026
$/Sqft
$599
Pool: No✓
Spa: No✓
View: city✓

Listed in line with the median closed sale of $8,900,000. Price per sqft ($599) is a 51% discount to closed comps ($1,219). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $8.99M· $599/sqft
Total list price
Closed comps
vs closed median $8.90M
+$89K (+1.0%)
Active comps
vs active median $8.30M
+$690K (+8.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,377
−$778 (−56.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2112 Trentham RoadLake Sherwood2016557,78212,196$1,066$8.30M17351
925 Stafford RoadThousand Oaks2026677,260223,054$1,419$10.30M8343
949 StaffordThousand Oaks2026565,853217,800$1,350$7.90M8141
2674 Stafford RoadWestlake Village2006467,091250,470$1,269$8.99M22340
3706 Brigantine CircleWestlake Village1974544,34911,089$1,782$7.75M3725
Total: 5 · Average5.05.66,467142,921.8$1,377.2$8.65M119.4
Median7,091$8.30M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
577 Westlake RdMalibu202301/27/202571012,1142,032,461$10.50M$9.50M$7840.917451
2687 Queens Garden DriveThousand Oaks202412/27/2024566,25315,720$7.80M$7.65M$1,2230.9832342
939 Stafford RoadThousand Oaks202610/20/2026567,352249,657$9.93M$9.74M$1,3250.98640
650 Stafford RoadThousand Oaks199502/03/2025577,06122,215$8.99M$8.90M$1,2600.995932
3707 Brigantine CircleWestlake Village202404/30/2025565,81611,287$8.99M$8.75M$1,5040.9710624
Total: 5 · Average5.47.07,719.2466,268$8.91M$8.91M$1,219.2—113.6
Median7,061$8.90M$8.90M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.