283 Lake Sherwood Drive, Lake Sherwood, California 91361, Lake Sherwood, 91361 - 4 bed, 4 bath
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283 Lake Sherwood Drive
Lake Sherwood, California 91361
ACTIVE
CONDITION: GOOD
4Beds
4Baths
4,743Sq Ft
10,890Lot Size
Property Price
LIST PRICE$2,999,999
EST. MARKET VALUE
$3,022,114
SUMMARY
This Stunning Lakefront Residence is a Strong Value Opportunity, listed at $2,999,999—positioned well below the $3,154,400 Fair Market Value by 4%. This valuation gap offers $154,401 in Instant Equity for the buyer. Featuring a Private Deeded Lake Dock, Rooftop Deck, and Private Elevator, the home maintains a Condition Rating of 3. Located near Top-Rated Schools like Westlake Elementary (9/10), this property is an ideal acquisition for Luxury Homeowners or Multi-Generational Families seeking an exclusive, move-in ready lifestyle.
Estimated Market Value
$3,022,114
Based on Realkey algorithm analyzing recent comparable sales in Lake Sherwood.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 283 Lake Sherwood Drive Subject | $2,999,999* List Price | 4 | 4 | 4,743 | $637 | - |
A 834 Ravensbury Street Sold | $2,725,000 | 4 | 4 | 3,777 | $721 | 0.5 mi |
B 506 Cricketfield Court Sold | $2,600,000 | 4 | 4 | 3,777 | $688 | 0.2 mi |
C 590 Cricketfield Active | $2,599,999 List Price | 4 | 4 | 3,777 | $688 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1963, the property has undergone significant renovations that appear to be in the 10-20 year range. The kitchen and bathrooms feature functional, well-maintained updates such as white cabinetry, stone countertops, and travertine tiling. The inclusion of a private elevator and a well-kept rooftop deck indicates systems are in good working order, making the home move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Westlake Elementary School (9/10).
- Private Deeded Lake Dock
The inclusion of a private deeded dock is a rare and high-value asset, providing exclusive, direct access to Lake Sherwood for boating and water recreation.
- Versatile Multi-Generational Layout
Equipped with a private elevator and a downstairs suite featuring its own kitchenette, the home is perfectly designed for guests, in-laws, or long-term flexible living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Vintage Infrastructure
Built in 1963, the property may require more intensive maintenance or updates to its core systems compared to newer luxury constructions in the area.
- Limited Lot Size
A substantial 4,743 square foot residence situated on a 10,890 square foot lot results in a high building-to-land ratio, which may limit expansive yard space or privacy.
About 283 Lake Sherwood Drive
Welcome to an exceptional opportunity in Lake Sherwood just moments from the lake. This stunning 4-bedroom residence offers approximately 4,743 square feet of elegant living space paired with beautiful lake views, incredible outdoor spaces, and access to an exclusive lifestyle in one of Southern California's most sought-after communities.Designed for both comfort and entertaining, the home features a private elevator providing seamless access throughout the residence, along with expansive living spaces filled with natural light. One of the property's standout features is the spectacular rooftop deck showcasing serene lake views the perfect setting for entertaining guests, enjoying sunsets, or relaxing in complete privacy.The flexible floor plan includes a downstairs bedroom suite complete with a kitchenette, making it ideal for guests, extended family, or an in-law suite.The backyard feels like a private retreat, complete with a spa/jacuzzi, tranquil water-feature creek, and charming bridge surrounded by lush landscaping that creates a peaceful resort-like atmosphere.Adding to the home's rare appeal is a private deeded lake dock, allowing for convenient access to Lake Sherwood for boating, paddleboarding, kayaking, and enjoying the scenic surroundings just moments away.Blending luxury, privacy, and indoor-outdoor living, this exceptional home offers a rare chance to enjoy the coveted Lake Sherwood lifestyle in an idyllic setting.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 10,890 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Sherwood Unified Schools
Westlake Elementary School
Grades K-5 • 1.1 mi
9/10
Colina Middle School
Grades 6-8 • 3.0 mi
6/10
Westlake High School
Grades 9-12 • 3.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 4.0 | 2.8 |
| Square foot | 4,743 | 3,049.5 |
| Lot Size | 10,890 | 8,871.167 |
| Price | $3.00M | $2.48M |
| Price per sq ft | $633 | $766 |
| Built year | 1963 | 1997 |
| HOA | $0 | $761 |
| Days on market | 37 | 96 |
Pricing History
Listed for Sale
Aug 3, 2026
$2,999,999
Initial Listing