2231 Westshore Lane, Westlake Village, California 91361, Westlake Village, 91361 - 3 bed, 3 bath
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2231 Westshore Lane
Westlake Village, California 91361
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,870Sq Ft
8,276Lot Size
Property Price
LIST PRICE$2,000,000
EST. MARKET VALUE
$2,176,882
8% BelowMARKET VALUE
SUMMARY
This Waterfront Townhouse represents a Strong Value Opportunity, listed at $2,000,000—positioned well below the $2,176,883 Fair Market Value by 8%. This valuation gap provides $176,883 in Instant Equity. While the property holds a Condition Rating of 4, its prime main-channel location, private boat dock, and inclusion of an electric boat offer immense lifestyle potential. Served by the top-rated Conejo Valley Unified School District, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a premier lakefront residence.
Estimated Market Value
$2,176,882+$176,882 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2231 Westshore Lane Subject 3 bd · 3 ba · 1,870 sqft · $1,164 | $2,000,000* List Price | 3 | 3 | 1,870 | $1,164 | - |
A 2576 Northshore Lane Pending 2 bd · 2 ba · 1,691 sqft · $1,345 · 0.3 mi | $2,275,000 List Price | 2 | 2 | 1,691 | $1,345 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979, the property is functional but significantly dated. The kitchen features worn white cabinetry and older countertops, the bedrooms have aging carpet, and the listing description explicitly highlights the opportunity to remodel and 'create the house of your dreams'.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Westlake Elementary School (9/10).
- Prime Waterfront Location
Situated on the main channel of Westlake Lake, this property offers rare panoramic water views from nearly every room and includes a private boat dock, a feature shared by only 15 homes in the community.
- Exceptional Lifestyle Inclusions
The sale includes an Electracraft 180S electric boat and features a versatile main-level flex room, providing immediate recreational value and functional space for a home office or gym.
CONSRISKS & DEFICIENCIES
- Likely Modernization Required
The listing invites buyers to 'create the house of your dreams,' implying that the 1979 interior may require a substantial additional investment to meet contemporary luxury standards.
- High Monthly HOA Fees
At $725 per month, the association fees are relatively high, which increases the ongoing cost of ownership alongside the $2 million entry price for a condominium-style residence.
About 2231 Westshore Lane
This prime 3-bedroom, 3-bath, 1870 square foot townhouse located on Westlake lake's main channel offers panoramic water views from its two spacious decks as well as virtually every room. An Electracraft 180S electric boat is included with the split-level residence - which is one of only 15 homes in the Westshore community with its own private boat dock.In addition to the three bedrooms, the home features a generously sized, main level hobby/flex room that can easily be tailored to your lifestyle, whether used as a home office, gym, craft room, or studio.Lush tropical landscaping and a charming recirculating stream complement the decks, dock, and outdoor spaces, creating a peaceful backdrop for relaxed lake living with restaurants and other waterfront destinations just a quick boat ride away.2231 Westshore Lane is a property where the elements that are hardest to replicate come together in a very special way. Don't miss this opportunity to create the house of your dreams and to enjoy everything that Westlake has to offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $725.0 / Month
Neighborhood Insights
Westlake Village Unified Schools
Westlake Elementary School
Grades K-5 • 1.0 mi
9/10
Colina Middle School
Grades 6-8 • 2.7 mi
6/10
Westlake High School
Grades 9-12 • 1.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.3 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,870 | 1,304.118 |
| Lot Size | 8,276 | 3,679.765 |
| Price | $2.00M | $758.3K |
| Price per sq ft | $1.1K | $614 |
| Built year | 1979 | 1977 |
| HOA | $725.0 | $667 |
| Days on market | 31 | 58 |
Pricing History
Listed for Sale
Sep 23, 2026
$2,000,000
Initial Listing
Sold
Sep 29, 2006
$1,225,000
Public Record
Sold
Jul 16, 2004
$999,000
Public Record