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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
•24d on market•MLS# SR-26204524

Property Description

Welcome to THE PENINSULA — An Extraordinary Waterfront Estate Opportunity on Lake Sherwood. Set among an emerging collection of elite luxury estates, THE PENINSULA represents a rare opportunity to create a truly exceptional legacy property in one of Southern California’s most prestigious and private communities. Spanning approximately 3 acres with an extraordinary 1,100 linear feet of shoreline and breathtaking 270-degree unobstructed views of Lake Sherwood, this spectacular trophy property is believed to be among the largest privately held waterfront parcels on a suburban lake in Southern California. Nestled behind the 24-hour guard-gated security of the world-renowned Sherwood Country Club, this one-of-a-kind property offers the ultimate combination of privacy, exclusivity, and natural beauty. With known entitlements completed, drainage installed, utilities on-site, and recent grading, the property features multiple buildable areas ready to accommodate your vision. Imagine designing a magnificent custom estate featuring up to a 30,000-square-foot, single-story main residence and guest house, complemented by a resort-style pool, tennis court, expansive motor court, and garages. Estimated design and construction costs range from $550 to $650 per square foot, all-in, with the potential opportunity to name your own private street. Adding to its remarkable appeal are four deeded, 60-foot-wide private boat dock spaces, water drilling rights, and lake water pumping rights for irrigation—distinctive privileges that further enhance this exceptional waterfront setting. Home to numerous celebrities and distinguished residents, Sherwood Country Club is celebrated for its unparalleled privacy, security, and exclusivity. Just five minutes from the upscale community of Westlake Village, residents enjoy convenient access to exceptional dining, entertainment, luxury shopping, and award-winning schools. Optional membership to Sherwood Country Club or Sherwood Lake Club provides access to an impressive collection of resort-caliber amenities, including fine dining, a championship PGA golf course, executive golf course, 15 multi-surface tennis courts, an Olympic-size swimming pool, spa, and state-of-the-art fitness facilities. An extraordinary opportunity to build a timeless waterfront estate in a setting of unmatched beauty, prestige, and distinction. Owner will also 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 byUnknown Office, 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 · 1 active · 0 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: Yes✓
View: city✓

Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $8.99M· $599/sqft
Total list price
Closed compsinsufficient comp data
Active comps
vs active median $26.50M
−$17.51M (−66.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,786
−$1K (−66.5%)

Active Properties (1)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2551 White Stallion RoadThousand Oaks202591114,839871,200$1,786$26.50M5569
Total: 1 · Average9.011.014,839871,200$1,786$26.50M55
Median14,839$26.50M
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.