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4947 Summit View, Westlake Village, California 91362, Westlake Village, 91362 - 6 bed, 8 bath

4947 Summit View, Westlake Village, California 91362 home-pic-0
ACTIVE$8,999,999$8,812/sqft
Est. Value: $9,280,339
3%
BelowEstimate
4947 Summit View, Westlake Village, California 91362
6Beds
8Baths
8,812Sqft
58,326Lot

Price Vs. Estimate

The estimated value ($9,280,339.03) is $280,340.03 (3%) higher than the list price ($8,999,999). This property may be underpriced.

Key pros and cons

Top Pros:
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 = 58326, living area = 8812.
Top Cons:
High Price Point: The list price of nearly $9 million positions it in a very exclusive market segment, significantly narrowing the pool of potential buyers.

Compared to the nearby listings

Price:$9.00M vs avg $1.34M (+$7,654,999)98%
Size:8,812 sqft vs avg 2,524 sqft99%
Price/sqft:$1.0K vs avg $57598%

More Insights

Built in 1997 (29 years old).
Condition: Despite being built in 1997, the listing explicitly states this is a 'newly renovated estate' with 'impeccable design and craftsmanship,' and 'beautifully updated baths and high-end materials.' The images confirm a comprehensive, high-quality renovation, particularly in the kitchen which features modern white cabinetry, dark accents, premium stainless steel double ovens, and contemporary lighting. The flooring (travertine-style tile and hardwood) and light fixtures throughout are all current and in excellent condition. The property shows no signs of deferred maintenance and meets current quality standards, aligning perfectly with the 'Excellent' score criteria for a property extensively renovated within the last 5 years.
Year Built
1997
Close
-
List price
$9M
Original List price
$9M
Price/Sqft
$1,021
HOA
$983
Days on market
-
Sold On
-
MLS number
SR25281037
Home ConditionExcellent
Features
Excellent View: Hills
Pool
Spa
Patio
ViewHills

About this home

Discover an extraordinary private retreat in one of Westlake Village’s most prestigious gated communities. This newly renovated estate boasts over 8,800 sq. ft. of refined living space on a generous 1.339-acre lot, featuring 6 bedrooms and 9 bathrooms with impeccable design and craftsmanship. Step inside to expansive formal living and dining rooms, a stunning chef’s kitchen with premium finishes, and multiple gathering spaces perfect for both entertaining and everyday living. Elegant bedroom suites offer serene retreats, while beautifully updated baths and high-end materials create a seamless blend of comfort and sophistication. Rare to the market, the oversized 5-plus-car garage includes its own bathroom and exceptional storage space. Outside, enjoy resort-style amenities including a private pool and lush landscaped grounds, all within the coveted North Ranch Country Club Estates enclave. This turnkey residence is offered fully furnished and is ideal for luxury living or entertaining at scale. Experience elevated lifestyle and privacy in one of Ventura County’s premier neighborhoods

R
Ryan Stomel
Listing Agent

Nearby schools

6/10
Westlake Hills Elementary School
Public,•K-5•1.6mi
4/10
Conejo Elementary School
Public,•K-5•2.2mi
7/10
White Oak Elementary School
Public,•K-5•2.6mi
7/10
Lindero Canyon Middle School
Public,•6-8•1.9mi
6/10
Colina Middle School
Public,•6-8•2.7mi
7/10
Los Cerritos Middle School
Public,•6-8•2.8mi
8/10
Westlake High School
Public,•9-12•1.7mi
10/10
Oak Park High School
Public,•9-12•2.2mi
7/10
Agoura High School
Public,•9-12•3.7mi

Price History

Date
Event
Price
12/13/21
Sold
$4,660,000
12/10/07
Sold
$3,250,000
12/23/03
Sold
$2,625,000
Condition Rating
Excellent
Despite being built in 1997, the listing explicitly states this is a 'newly renovated estate' with 'impeccable design and craftsmanship,' and 'beautifully updated baths and high-end materials.' The images confirm a comprehensive, high-quality renovation, particularly in the kitchen which features modern white cabinetry, dark accents, premium stainless steel double ovens, and contemporary lighting. The flooring (travertine-style tile and hardwood) and light fixtures throughout are all current and in excellent condition. The property shows no signs of deferred maintenance and meets current quality standards, aligning perfectly with the 'Excellent' score criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

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 = 58326, living area = 8812.
Great Schools: High School: Oak Park High School (10/10).
Prestigious Location & Community: Situated in one of Westlake Village’s most prestigious gated communities, the North Ranch Country Club Estates, offering an elevated lifestyle and privacy in a premier neighborhood.
Extensive Renovation & High-End Finishes: A newly renovated estate boasting impeccable design, craftsmanship, a stunning chef’s kitchen with premium finishes, and beautifully updated baths using high-end materials throughout.
Spacious & Luxurious Living: Offers over 8,800 sq. ft. of refined living space on a generous 1.339-acre lot, featuring 6 bedrooms, 9 bathrooms, expansive formal rooms, and multiple gathering spaces.
Exceptional Amenities & Turnkey Offering: Includes resort-style amenities like a private pool and lush grounds, an oversized 5-plus-car garage with a bathroom, and is offered fully furnished for immediate luxury living.
Top-Rated School Access: Located within proximity to highly-rated schools, including Oak Park High School (rated 10) and Westlake High School (rated 8), appealing to families seeking quality education.

Cons

High Price Point: The list price of nearly $9 million positions it in a very exclusive market segment, significantly narrowing the pool of potential buyers.
Substantial Association Fees: A monthly association fee of $983.0 adds a considerable recurring cost to ownership, which may be a deterrent for some buyers.
Niche Market Appeal: While luxurious, the property's extensive size, high-end features, and specific design cater to a very particular affluent buyer, potentially leading to a longer marketing period.
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