
Westlake Village, California 91361
This Elegant Gated Estate is a Strong Value Opportunity, listed at $3,499,000—positioned well below the $3,703,871 Fair Market Value by 5%. This valuation gap provides $204,871 in Instant Equity. Boasting a Good Condition Rating, the residence features a resort-style backyard with a pool, spa, putting green, and mountain views. Located in the exclusive Majestic Oaks enclave near Westlake Elementary (9/10), it includes a detached guest house for ultimate versatility. This is a premier acquisition for Luxury Homebuyers or Owner-Occupants seeking a sophisticated lifestyle with built-in financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1789 Tamarack Street Subject | $3,499,000* List Price | 5 | 6 | 4,400 | $842 | - |
A 976 Ranch House Pending | $3,850,000 List Price | 5 | 4 | 4,123 | $934 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property is in move-in ready condition and fits the 10-20 year age criteria for a 'good' rating. The interior features high-end finishes including a gourmet kitchen with a large island and farmhouse sink, updated wood-style flooring, and a spa-inspired primary bathroom. The property is exceptionally well-maintained with a resort-style backyard, showing minimal physical depreciation despite its original traditional styling.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 37461, living area = 4400.
Elementary School: Westlake Elementary School (9/10).
The expansive backyard offers a premier resort experience featuring a pool, spa, stunning mountain views, and a rare private golf putting green, perfect for high-end entertaining.
The nearly one-acre lot, extensive landscaping, and specialized features like the putting green and pool will require significant ongoing maintenance and associated costs.
Built in 2006, the home may require modern cosmetic refreshments to align with the contemporary aesthetic expectations of buyers in the $3.5M luxury price bracket.
Set behind the gates in a prime Westlake Village location, this estate style home presents a rare opportunity to own a property that blends privacy, scale, and lifestyle. Ideally situated within a central pocket of Westlake, the home is just minutes from local shops, dining, and everyday conveniences, and within a 10 to 15 minute walk to the new Oaks Christian K-5 Elementary School opening August 2026.Designed for both everyday living and entertaining, the property features an expansive outdoor setting highlighted by approximately 3,000 square feet of dedicated entertaining space. The backyard is centered around a pool and spa, complemented by a covered barbecue area complete with a stove, double sink, and refrigerators, all set against views stretching toward the Malibu Mountains.The grounds offer a unique blend of functionality and character, including a gourmet fruit tree orchard and vineyard with table grapes that produced approximately 120 pounds of fruit in 2025. Additional flexibility is found with a detached approximately 700 square foot guest house and multiple areas that present ADU potential with the ability to accommodate additional units, creating a versatile environment suited for a variety of living arrangements.A rare offering that combines a gated Westlake location, expansive outdoor living, and long term potential in one of the area's most desirable communities.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 73% |
| Baths | 6.0 | 3.0 | 92% |
| Square foot | 4,400 | 2,748 | 86% |
| Lot Size | 37,461 | 9,387 | 93% |
| Price | $3.50M | $1.98M | 88% |
| Price per sq ft | $795 | $724 | 66% |
| Built year | 2006 | 1976 | 90% |
| HOA | $440.0 | $270 | 67% |
| Days on market | 34 | 164 | 4% |
Mar 19, 2026
$3,499,000
Initial Listing
Jul 11, 2006
$1,575,000
Public Record