351 Upper Lake Road, Westlake Village, California 91361, Westlake Village, 91361 - 4 bed, 3 bath
351 Upper Lake Road
Westlake Village, California 91361
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 351 Upper Lake Road Subject | $3,333,000* List Price | 4 | 3 | 3,073 | $1,024 | - |
A 1766 Stanhope Court Active Under Contract | $2,725,000 List Price | 5 | 4 | 3,561 | $765 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained, featuring significant updates that bridge the gap between its 1941 origin and modern standards. The kitchen is equipped with high-end features including a Wolf range and stainless steel appliances, while the interior boasts updated flooring and recessed lighting. Although the listing mentions 'upside potential,' the current condition is high-quality with functional major systems and extensive outdoor amenities like a gourmet pizza oven and private dock, fitting the 'Good' criteria for a well-maintained, updated home.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Westlake Elementary School (9/10).
- Rare Lakefront Location
As one of only 19 homes situated 'on the lake' within the exclusive guard-gated Lake Sherwood community, this property includes a coveted private dock.
- Exceptional Panoramic Views
The residence offers completely unobstructed, postcard-quality views of the lake and mountains from every level of the home.
CONSRISKS & DEFICIENCIES
- Dated Infrastructure
Originally built in 1941, the property is marketed as having 'upside potential,' suggesting that significant modernization or structural updates may be required.
- High Association Fees
The monthly association fee of $1,800 represents a significant recurring carrying cost compared to other residential areas.
- Pricing Volatility
A history of multiple price reductions from the original $3.78M listing price suggests the property may have struggled to find its market value in its current condition.
About 351 Upper Lake Road
Here's Your Chance to acquire a premiere Lake Property that you can make your own! Incredible Opportunity! Upside Potential! The View is Perfection! Completely unobstructed like a postcard! This Unique and stylish residence is situated within the Main Gates of The Exclusive Guard-Gated Lake Sherwood Community, one of only 19 homes within the gates "on the lake," in the Southshore original community it also includes its own private dock. The home provides breathtaking views from every level, 4 bedrooms, and a bonus room. Just over 3000 square feet with multiple outdoor patio areas and a terraced deck featuring two outdoor fireplaces. The kitchen is equipped with stainless steel appliances, a Wolf range, and center island a breakfast bar. Enhancing lake lifestyle, the property boasts outdoor prep kitchen, a gourmet-fired pizza oven, a gas grill, a spa, a custom waterfall, and a spacious lawn. The entire lower-level functions as a large primary suite and spa like bath overlooking the beautiful tranquil lake. Located within the main gates of the exclusive Sherwood Country Club which offers a World Class, Championship Golf course, Tennis Courts, Pool, fitness amenities, dining and more! Live the vacation year-round lifestyle! Kayaks, boats fishing, Dining and more! Blue Ribbon schools nearby both public and private. Tons of upside potential for this home with expansive lot, with dock bring your own taste and create YOUR dream come true!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 10,890 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1800.0 / Month
Neighborhood Insights
Westlake Village Unified Schools
Westlake Elementary School
Grades K-5 • 1.1 mi
White Oak Elementary School
Grades K-5 • 3.2 mi
Colina Middle School
Grades 6-8 • 3.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,073 | 2,808 | 57% |
| Lot Size | 10,890 | 10,018 | 56% |
| Price | $3.33M | $2.00M | 88% |
| Price per sq ft | $1.1K | $702 | 91% |
| Built year | 1941 | 1978 | 2% |
| HOA | $1800.0 | $270 | 95% |
| Days on market | 263 | 172 | 88% |
Pricing History
Listed for Sale
Feb 13, 2026
$3,333,000
$3,430,000
-3% Price Drop
Initial Listing
Price Change
Dec 8, 2025
$3,430,000
$3,518,888
-3% Price Drop
Initial Listing
Price Change
Sep 10, 2025
$3,518,888
Initial Listing
Price Change
Jun 16, 2025
$3,788,888
Initial Listing