
Westlake Village, California 91361
This Waterfront Single Family Residence is a High-Potential Investment Opportunity, listed at $2,999,000—positioned well below the $2,854,257 Fair Market Value by -5%. While the home maintains a Condition Rating of 4, its prime location on Westlake Island with a Private Dock and Panoramic Lake Views offers significant upside for modernization. Situated within the Las Virgenes School District near Westlake Elementary (9/10), this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a premier waterfront asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3927 Fairbreeze Circle Subject | $2,999,000* List Price | 3 | 3 | 3,038 | $940 | - |
A 4008 Mariner Circle Sold | $2,700,000 | 5 | 3 | 2,751 | $981 | 0.1 mi |
B 3832 Mainsail Circle Sold | $2,185,000 | 4 | 3 | 2,222 | $983 | 0.3 mi |
C 4060 Mariner Circle Sold | $2,800,000 | 4 | 3 | 2,651 | $1,056 | 0.1 mi |
D 1448 Eastwind Sold | $2,250,000 | 3 | 2 | 2,417 | $931 | 0.4 mi |
E 3828 Mainsail Circle Sold | $2,320,000 | 4 | 3 | 2,222 | $1,044 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975 with renovations that appear to be 15-25 years old. While the home is well-maintained and functional with hardwood floors, the kitchen and bathrooms feature dated aesthetics (beadboard cabinetry, white appliances, and older tile patterns). The listing explicitly states the home is ready for 'personal touches to completely transform it,' which aligns with the criteria for a dated property needing updates.
Elementary School: Westlake Elementary School (9/10).
Located on the exclusive Westlake Island, this property features a private dock and direct lake access, offering a rare opportunity for boating, kayaking, and front-row sunset views.
The interior boasts soaring cathedral ceilings and expansive windows that create a bright, airy atmosphere while perfectly framing the picturesque water views.
Built in 1975, the home is described as ready for 'personal touches to completely transform it,' suggesting that significant cosmetic or structural updates may be needed to meet contemporary luxury standards.
The monthly association fee of $950 is relatively high, which adds a substantial recurring expense to the overall cost of ownership.
Welcome to 3297 Fairbreeze Circle! Set behind 24-hour guarded gates on the exclusive Westlake Island, this 3,038-square-foot home offers a lifestyle beyond compare. From the moment you step through the entry, the property impresses with soaring cathedral ceilings and gleaming hardwood floors that flow seamlessly through a bright, spacious, and open floor plan. The two-story living room features an enormous fireplace and tall windows that perfectly frame views of the water and sunsets. Designed to maximize its stunning natural backdrop, the culinary kitchen is equipped with a five-burner stove, a warming drawer, plenty of cabinet and pantry space, and a large center island.Upstairs, the massive primary suite serves as a true private retreat. Bathed in natural light from its tall windows and cathedral ceiling, it offers a peaceful vantage point over the lake. The en-suite bath is a sanctuary of its own, complete with a huge tiled shower, a separate soaking tub, and a spacious walk-in closet. Two additional upstairs bedrooms share a beautifully remodeled walk-through bathroom, making the layout both comfortable and highly functional.Downstairs, the fourth bedroom has been thoughtfully converted into an office and craft room, offering excellent flexibility to suit your needs--whether as a home office, creative space, gym, or guest room. Indoor laundry and additional pantry storage are also conveniently located nearby. While this custom-built home is ready for your personal touches to completely transform it to your taste, it already stands as a perfect retreat from the busy world.And then there is the backyard! This is where you will truly want to spend your time. The entire outdoor space is designed around the lake, featuring mature landscaping, a built-in BBQ, an al fresco dining area, and a charming gazebo. Imagine morning coffee overlooking the water, dinners outside with friends, or an afternoon on the dock--even doing nothing at all, just sitting by the lake watching the boats and birds drift by. The beautifully landscaped grounds feature mature trees and front-row seating to Westlake's spectacular golden-hour sunsets. Best of all, your private dock allows you to take the boat out, launch a kayak, or simply sit at the water's edge. It's the kind of everyday luxury that makes living here feel a little different.Behind the guard gates of Westlake Island, life feels wonderfully removed from the everyday. Take a stroll along the lake, stop at one of the peaceful sitting areas, watch the sunset, and enjoy the tranquil surroundings--all while being just moments away from everything Westlake Village has to offer.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,038 | 2,752.866 |
| Lot Size | 5,536 | 10,179.657 |
| Price | $3.00M | $1.81M |
| Price per sq ft | $987 | $737 |
| Built year | 1975 | 1978 |
| HOA | $950.0 | $261 |
| Days on market | 3 | 59 |
Sep 6, 2026
$2,999,000
Initial Listing
Mar 19, 2003
$1,090,000
Public Record
Apr 8, 2002
$1,012,500
Public Record