1517 Falling Star Avenue, Westlake Village, California 91362, Westlake Village, 91362 - 5 bed, 4 bath
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1517 Falling Star Avenue
Westlake Village, California 91362
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
5Beds
4Baths
4,200Sq Ft
20,266Lot Size
Property Price
LIST PRICE$3,199,950
EST. MARKET VALUE
$3,271,002
SUMMARY
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $3,199,950—positioned well below the $3,271,002 Fair Market Value by 2%. This valuation gap offers $71,052 in Instant Equity. Featuring a Condition Rating of 2, this residence includes a Miele gourmet kitchen, solar panels with Tesla Powerwalls, and a resort-style pool. Located in the prestigious North Ranch community near top-rated schools, this property is an ideal fit for discerning luxury buyers or owner-occupants seeking a sophisticated, energy-efficient sanctuary.
Estimated Market Value
$3,271,002
Based on Realkey algorithm analyzing recent comparable sales in Westlake Village.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1517 Falling Star Avenue Subject 5 bd · 4 ba · 4,200 sqft · $779 | $3,199,950* List Price | 5 | 4 | 4,200 | $779 | - |
A 1630 Windy Mountain Avenue Sold 5 bd · 6 ba · 4,583 sqft · $757 · 0.3 mi | $3,470,000 | 5 | 6 | 4,583 | $757 | 0.3 mi |
B 1800 Falling Star Avenue Sold 5 bd · 4 ba · 3,795 sqft · $738 · 0.4 mi | $2,800,000 | 5 | 4 | 3,795 | $738 | 0.4 mi |
C 1732 Crooked Trail Place Sold 5 bd · 4 ba · 3,330 sqft · $775 · 0.5 mi | $2,580,000 | 5 | 4 | 3,330 | $775 | 0.5 mi |
D 1380 Windy Mountain Avenue Sold 5 bd · 5 ba · 5,410 sqft · $759 · 0.5 mi | $4,106,700 | 5 | 5 | 5,410 | $759 | 0.5 mi |
E 5420 Indian Trail Court Sold 5 bd · 5 ba · 4,291 sqft · $651 · 0.5 mi | $2,794,407 | 5 | 5 | 4,291 | $651 | 0.5 mi |
F 1439 Windy Mountain Avenue Sold 4 bd · 5 ba · 5,157 sqft · $766 · 0.5 mi | $3,950,000 | 4 | 5 | 5,157 | $766 | 0.5 mi |
G 5729 Stone Mountain Sold 5 bd · 3 ba · 3,330 sqft · $758 · 0.3 mi | $2,525,000 | 5 | 3 | 3,330 | $758 | 0.3 mi |
H 1565 Falling Star Avenue Active 5 bd · 5 ba · 4,250 sqft · $741 · 0.1 mi | $3,150,000 List Price | 5 | 5 | 4,250 | $741 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Completely renovated with high-end finishes including a Miele gourmet kitchen and remodeled baths. Features modern energy systems like solar panels, three Tesla Powerwalls, and dual EV chargers, indicating recent top-tier upgrades and mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Advanced Energy Infrastructure
The property is exceptionally future-proofed with solar panels, three Tesla Powerwall batteries, and two EV chargers, providing significant energy independence and utility savings.
- Premium Private Lot
Situated on nearly half an acre, the lot backs to mature oak trees and an arroyo, offering a rare level of privacy and a resort-style backyard with a pool, spa, and waterfall.
- High-End Turnkey Renovation
The residence features a comprehensive modern remodel including white oak flooring, Miele appliances, and custom cabinetry, catering to buyers seeking a move-in-ready luxury home.
CONSRISKS & DEFICIENCIES
- Bathroom-to-Bedroom Ratio
For a 4,200 sq. ft. home with five bedrooms, the 3.5-bathroom count is relatively low, particularly with two upstairs bedrooms sharing a Jack-and-Jill configuration.
- Original Structural Age
Despite the extensive aesthetic and functional renovations, the 1988 original construction may lack some of the architectural volume and ceiling heights found in contemporary new builds.
About 1517 Falling Star Avenue
Completely Renovated North Ranch Showstopper! Gorgeous and extensively renovated, this exceptional North Ranch residence offers 5 bedrooms, a dedicated office, and 3.5 bathrooms in a light-filled, open, and expanded floor plan of approximately 4,200 sq. ft. Set on a premium lot of nearly half an acre, this beautifully updated home blends sophisticated style, comfortable living, and an incredible resort-like backyard.The elegant living room features a gorgeous fireplace and French doors, while the formal dining area is ideal for entertaining. The completely remodeled gourmet kitchen showcases beautiful white countertops, gorgeous custom wood cabinetry and Miele stainless-steel appliances.The luxurious primary suite features two walk-in closets and an adjoining office with its own fireplace. The remodeled primary bathroom includes a spa tub and large separate shower. Two additional upstairs bedrooms share a convenient Jack-and-Jill bath, while two bedrooms and 1.5 baths are located downstairs. One of the downstairs bedrooms features a private ensuite bath, offering an ideal setup for guests or multigenerational living.Numerous upgrades include white oak flooring, wrought-iron railing and stunning lighting fixtures. The indoor laundry room features custom built-ins and a sink, while thoughtfully organized closets provide abundant storage throughout. The home is also equipped with solar panels, three Tesla Powerwall batteries and 2 EV car chargers, providing enhanced energy efficiency and energy storage.The sensational backyard is an entertainer's dream, complete with a breathtaking pool, spa, waterfall, built-in barbecue, fire pit, and expansive grassy area. The approximately half-acre premium lot backs to majestic mature oak trees and an arroyo, creating a peaceful and private setting. Ideally located in the highly sought-after North Ranch community with access to award-winning Conejo Valley schools, nearby hiking trails, shopping, and restaurants. A rare opportunity to own a completely renovated, expansive home on an exceptional lot in one of Thousand Oaks' most desirable neighborhoods. Professional photography coming soon.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 20,266 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $120.0 / Month
Neighborhood Insights
Westlake Village Unified Schools
Westlake Hills Elementary School
Grades K-5 • 2.9 mi
6/10
Conejo Elementary School
Grades K-5 • 3.4 mi
4/10
White Oak Elementary School
Grades K-5 • 3.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.7 |
| Baths | 4.0 | 3.1 |
| Square foot | 4,200 | 2,880.286 |
| Lot Size | 20,266 | 10,440.978 |
| Price | $3.20M | $1.90M |
| Price per sq ft | $762 | $737 |
| Built year | 1988 | 1979 |
| HOA | $120.0 | $271 |
| Days on market | 16 | 57 |
Pricing History
Listed for Sale
Oct 8, 2026
$3,199,950
Initial Listing
Sold
May 22, 2014
$1,715,000
Public Record
Sold
Dec 3, 2003
$1,360,000
Public Record