
Westlake Village, California 91361
This Waterfront Single Family Residence represents a Strong Value Opportunity, listed at $2,899,999—positioned well below the $2,950,277 Fair Market Value by 1.7%. This valuation gap offers $50,278 in Instant Equity. Featuring a Good Condition Rating, the home includes a unique subterranean wine cellar, private dock, and panoramic lake views. Located in the prestigious Conejo Valley Unified district near Westlake Elementary (9/10), this property is an ideal acquisition for Owner-Occupants or Luxury Homebuyers seeking a refined lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3935 Fairbreeze Circle Subject 3 bd · 3 ba · 3,106 sqft · $934 | $2,800,000* List Price | 3 | 3 | 3,106 | $934 | - |
A 3927 Fairbreeze Circle Sold 3 bd · 3 ba · 3,038 sqft · $981 · 0.0 mi | $2,979,000 | 3 | 3 | 3,038 | $981 | 0.0 mi |
B 1332 Bluesail Circle Sold 3 bd · 3 ba · 2,359 sqft · $1,157 · 0.6 mi | $2,729,000 | 3 | 3 | 2,359 | $1,157 | 0.6 mi |
C 4008 Mariner Circle Sold 5 bd · 3 ba · 2,751 sqft · $981 · 0.1 mi | $2,700,000 | 5 | 3 | 2,751 | $981 | 0.1 mi |
D 32230 Oakshore Drive Sold 4 bd · 3 ba · 3,889 sqft · $849 · 0.2 mi | $3,300,000 | 4 | 3 | 3,889 | $849 | 0.2 mi |
E 3832 Mainsail Circle Sold 4 bd · 3 ba · 2,222 sqft · $983 · 0.4 mi | $2,185,000 | 4 | 3 | 2,222 | $983 | 0.4 mi |
F 32133 Harborview Lane Sold 3 bd · 3 ba · 1,961 sqft · $1,068 · 0.1 mi | $2,095,000 | 3 | 3 | 1,961 | $1,068 | 0.1 mi |
G 1284 Westwind Active 3 bd · 4 ba · 3,332 sqft · $975 · 0.6 mi | $3,250,000 List Price | 3 | 4 | 3,332 | $975 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1981 with remodeled kitchen and bathrooms, the property is functional and features high-end custom additions like a subterranean wine cellar. However, the explicit mention of 'deferred maintenance' and the 40+ year age of the structure prevents an 'Excellent' rating, placing it firmly in the 'Good' category as a well-maintained but not brand-new residence.
Elementary School: Westlake Elementary School (9/10).
Situated in the exclusive gated Westlake Island community, this property features a private dock and expansive lake views from the master suite, kitchen, and living areas.
The home boasts a standout subterranean wine cellar accessed by a spiral staircase, specifically designed for avid collectors and sophisticated entertaining.
The property has identified maintenance issues that may require additional attention or negotiation regarding repair credits during the purchase process.
Although the downstairs den can function as a guest bedroom, the adjacent bathroom lacks a shower or tub, limiting its convenience for overnight visitors.
Westlake Island is an exclusive gated community known as one of the most idyllic neighborhoods in Westlake Village. A collection of custom homes each uniquely charming with their own style and all located in a paradise with backyards that have their own private docks. The spiral staircase that leads below the house to a subterranean wine cellar is a distinctive feature that make this home a standout amongst the others. This wine cellar was designed for the avid wine collector or someone who enjoys entertaining their guests with a large collection of wines. The kitchen and bathrooms have been remodeled. There is a built in hot tub on the side of the house and a large wooden deck and balcony off the master bedroom with lake views. The family room has a fireplace and the living room has built in cabinets and the updated kitchen all have lake views. There is a downstairs den with custom cabinets that can be used as an office or guest bedroom. Downstairs has a guest bath with no shower or tub. The master bath has a separate soaking tub and large walk in shower. The master bedroom has cathedral ceilings.This home is located on a cut de sac. There is some deferred maintenance that the current owner is working on but may consider a credit depending on the accepted price. There are paved sidewalks with streetlights as well as sitting benches throughout this peaceful area that make it feel safe to walk any time day or night.
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 |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 3.0 | 3.1 |
| Square foot | 3,106 | 2,880.286 |
| Lot Size | 5,039 | 10,440.978 |
| Price | $2.80M | $1.90M |
| Price per sq ft | $901 | $737 |
| Built year | 1981 | 1979 |
| HOA | $1168.0 | $271 |
| Days on market | 40 | 57 |
Oct 22, 2026
$2,800,000
$2,899,999
-3% Price Drop
Initial Listing
Sep 14, 2026
$2,899,999
Initial Listing
Sep 28, 2016
$2,000,000
Public Record
Apr 8, 2005
$1,975,000
Public Record