2882 Rainfield Avenue, Westlake Village, California 91362, Westlake Village, 91362 - 5 bed, 6 bath

2882 Rainfield Avenue, Westlake Village, California 91362 home-pic-0

2882 Rainfield Avenue

Westlake Village, California 91362

ACTIVE
CONDITION: GOOD
5Beds
6Baths
5,718Sq Ft
25,700Lot Size

Property Price

LIST PRICE$2,920,000
EST. MARKET VALUE
$2,920,000

SUMMARY

Analysis of 2882 Rainfield Avenue, Westlake Village, California 91362 reveals a Fairly Priced Property with a current list price of $2,920,000  aligned with the estimated $2,920,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Westlake Village Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,920,000
Based on Realkey algorithm analyzing recent comparable sales in Westlake Village.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Built in 2001, this estate is move-in ready and exceptionally well-maintained. The property features a chef's kitchen with premium appliances and custom finishes, along with a spa-style primary bathroom. While the Tuscan-inspired aesthetic reflects its original construction era, the high-end materials, updated appliances, and pristine resort-style outdoor living areas indicate a home that has been preserved with minimal wear and tear, fitting the criteria for a high-quality, functional residence.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25700, living area = 5718.

  • Resort-Style Outdoor Living

    The estate features two distinct backyard retreats, including a sparkling pool with a waterfall, a built-in BBQ, a Tuscany-style fountain, and an outdoor lounge with a fireplace, offering a premier entertaining environment.

  • Versatile and Expansive Floor Plan

    With over 5,700 sq ft of living space, five en-suite bedrooms, and two additional rooms currently used as offices, the property provides exceptional flexibility for multi-generational living or remote work.

CONSRISKS & DEFICIENCIES

  • Market Stagnation Indicators

    The property has undergone multiple price reductions from its original $3.21M listing, which may suggest a challenge in aligning the home's value with current market expectations.

  • Record Discrepancies

    The physical layout includes more functional rooms than the five bedrooms shown on the official title, which can occasionally complicate the appraisal or financing process for specific lenders.

About 2882 Rainfield Avenue

New Price reduction! Motivated Seller! Step into charming Tuscany-inspired resort living with this 5,870 sq ft two-story estate, gracefully set on a 25,700 sq ft gated Signature Collection, designed for seamless entertaining, everyday comfort, and future growth. This 5-bedroom, 6-bath retreat offers gorgeous canyon/hills views, secured parking for 5+ vehicles (Including electric vehicle charger), and unmatched privacy in one of Westlake Village's most desirable pockets. Inside, soaring ceilings and expansive windows flood the home with natural light, creating a warm yet refined ambiance. The open-concept design on the first floor flows seamlessly from elegant formal living and dining rooms into an oversized family room ideal for gatherings of any size. A beautiful chef's kitchen with premium appliances and custom finishes makes entertaining effortless. On the first floor, you'll find a dedicated home office with custom cabinetry and a private entrance perfect for use as a guest room. There is also an additional bedroom with an en-suite bathroom overlooking the pool. The upper level is anchored by a stunning primary suite, complete with a fireplaces, a spa-style bath, and total seclusion. Three additional en-suite bedrooms upstairs offer comfort for family or guests. Outdoor living is equally captivating, featuring two distinct backyard retreats: one with a Tuscany-style fountain, grapevine greenery, and serene seating areas; the other with a sparkling pool and waterfall, built-in BBQ, lounge with fireplace, and sweeping mountain views. Title shows 5 bedrooms; however, there are two additional rooms currently being used as offices, offering flexible living space. This exceptional estate blends timeless Tuscan charm with modern luxury, offering both connection and retreat while delivering lifestyle, privacy, and long-term value.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2001
Lot Size
25,700 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
6 (6 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$275.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
86%
Baths6.03.0
94%
Square foot5,7182,482
96%
Lot Size25,7009,082
92%
Price$2.92M$1.34M
95%
Price per sq ft$511$563
29%
Built year20011985
93%
HOA$275.0$94
82%
Days on market176169
54%

Pricing History

Listed for Sale

Feb 10, 2026

$2,920,000

$2,995,000

-3% Price Drop

Initial Listing

Price Change

Dec 11, 2025

$2,995,000

$3,100,000

-3% Price Drop

Initial Listing

Price Change

Nov 6, 2025

$3,100,000

$3,210,000

-3% Price Drop

Initial Listing

Price Change

Sep 11, 2025

$3,210,000

Initial Listing

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