3924 Fairbreeze Circle, Westlake Village, California 91361, Westlake Village, 91361 - 4 bed, 5 bath
Loading property details...
Westlake Village, California 91361
Analysis of 3924 Fairbreeze Circle, Westlake Village, California 91361 is currently available with a list price of $5,950,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1975, the property is explicitly marketed as an extensive renovation project or a teardown. While the interior appears clean and staged in photos, the kitchen, bar, and fixtures are significantly outdated, and the listing emphasizes that the value lies primarily in the rare double lot and development potential rather than the existing structure.
Elementary School: Westlake Elementary School (9/10).
As one of only six double lots on the exclusive Westlake Island, this property offers a unique and expansive footprint that is nearly impossible to replicate in this market.
The property boasts breathtaking, direct lake views and provides a luxury lifestyle with the opportunity for electric boat access within a prestigious guard-gated community.
The existing structure is identified as a teardown or a total renovation project, requiring a buyer with significant additional capital and a long-term construction timeline.
A substantial monthly association fee of $1,900 creates high holding costs, which can be particularly burdensome during the permitting and construction phases.
The property has seen significant price reductions from its original $7.495M listing, suggesting that the initial valuation was high for a property requiring such extensive work.
Discover the rare opportunity of owning a prime location double lot (with only 6 double lots total) on the exclusive guard gated Westlake Village Island, offering breathtaking lake views and enhanced security for your peace of mind. Whether reimagined through thoughtful updates or re-envisioned as a spectacular new estate, this property is truly a once-in-a-lifetime opportunity to create your dream home. Don’t miss your chance to create the ultimate oasis in one of the most sought-after neighborhoods! Enjoy a boat ride around the 124 acres of water way, adding a touch of luxury to your lifestyle.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.6 mi
Grades 6-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 85% |
| Square foot | 5,073 | 2,748 | 92% |
| Lot Size | 11,267 | 9,387 | 60% |
| Price | $5.95M | $1.98M | 96% |
| Price per sq ft | $1.2K | $724 | 94% |
| Built year | 1975 | 1976 | 44% |
| HOA | $1900.0 | $270 | 96% |
| Days on market | 278 | 166 | 91% |
Apr 6, 2026
$5,950,000
$6,295,000
-5% Price Drop
Initial Listing
Jan 17, 2026
$6,295,000
$6,995,000
-10% Price Drop
Initial Listing
Sep 12, 2025
$6,995,000
Initial Listing
Jul 18, 2025
$7,495,000
Initial Listing