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500 Lower Lake Road, Westlake Village, California 91361, Westlake Village, 91361 - 8 bed, 12 bath

500 Lower Lake Road, Westlake Village, California 91361 home-pic-0
ACTIVE$8,999,950$15,000/sqft
500 Lower Lake Road, Westlake Village, California 91361
8Beds
12Baths
15,000Sqft
130,780Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unrivaled Waterfrontage & Views: This is likely the largest waterfront property on a suburban lake in Southern California, boasting 1,100 lineal feet of shoreline and 270-degree unobstructed panoramic lake, golf course, and water views.
Top Cons:
Raw Land / Development Project: The property is a parcel of land, not a finished home. The buyer must undertake the entire design and construction process, requiring significant time, effort, and project management.

Compared to the nearby listings

Price:$9.00M vs avg $1.84M (+$7,155,950)99%
Size:15,000 sqft vs avg 2,782 sqft99%
Price/sqft:$600 vs avg $66828%

More Insights

Built in 2025 (1 years old).
Condition: This listing is for a vacant, graded parcel of land with utilities on site, ready for a custom-designed and built estate. The 'year_built: 2025' indicates a future, brand-new construction. While there is no existing structure to assess for kitchen, bathroom, or other interior features, the property is being sold as an opportunity to build a 'Magnificent Timeless Estate' up to 30,000 sq.ft. The artist's rendering in the images depicts a luxurious, modern home. The land itself is in excellent condition for building, with entitlements complete and utilities ready, ensuring that any future construction will meet the highest current quality standards, thus qualifying for an 'excellent' rating based on its potential and readiness for new development.
Year Built
2025
Close
-
List price
$9M
Original List price
$9.5M
Price/Sqft
$600
HOA
$711
Days on market
-
Sold On
-
MLS number
SR25032264
Home ConditionExcellent
Features
Excellent View: Golf Course, Lake, Panoramic, Water
ViewGolf Course,Lake,Panoramic,Water

About this home

Fire Victims Have The Possibility of Utilizing Insurance Money to Purchase a Different Property If They choose Not to Rebuild on Existing Property. Welcome to "THE PENINSULA". READY TO DESIGN & BUILD, and possibly even NAME YOUR OWN STREET FOR $550 to $650 per Sq.Ft. (ALL In) Absolutely Spectacular Trophy Property and Most Likely the LARGEST WATERFRONT PROPERTY on a Suburban Lake in Southern California! Located Behind the 24-Hour Security Guarded Gates of the World Class Sherwood Country Club, this Epic and A One-of-a-Kind 3.0 Acre Parcel on the Shores of Lake Sherwood Features 1,100 Lineal Feet of Shoreline and a 270 Degree Unobstructed View of the Private Lake. Truly a Magical Setting. With Known Entitlements Complete, Drainage Installed and Utilities On Site, this Recently Graded Parcel has Multiple Buildable Areas and is Ready For You to Create Your Own Magnificent Timeless Estate....Up to a 30,000 Sq.Ft. One-Story Main Residence and Guest House, with Pool, Tennis Court, Motor Court and Garages - or Whatever Your Dreams Desire. Exclusive to this Amazing Property is the 4 Deeded 60-Foot Wide Private Boat Dock Spaces, Water Drilling Rights, and Pumping Rights From the Lake for Irrigation Use. Home to Numerous Celebrities Due to its Privacy, Security, and Exclusivity, Sherwood Country Club is Only 5 Minutes Away From the Upscale Community of Westlake Village and World Class Dining & Entertainment, High-End Shopping and Award Winning Schools. With the Purchase of a Membership to Sherwood Country Club, or Sherwood Lake Club, Life's Pleasures Can Be at Your Fingertips with Such Resort Quality Amenities as Fine Dining, PGA Golf Course, Additional Executive Golf Course, 15 Multiple Surface Tennis Courts, Olympic Size Pool, Spa & Gym Facilities. All a Very Special Offering. Fire Victims Have The Possibility of Utilizing Insurance Money to Purchase a Different Property If They choose Not to Rebuild on Existing Property.

C
Carl Torres
Listing Agent
Condition Rating
Excellent
This listing is for a vacant, graded parcel of land with utilities on site, ready for a custom-designed and built estate. The 'year_built: 2025' indicates a future, brand-new construction. While there is no existing structure to assess for kitchen, bathroom, or other interior features, the property is being sold as an opportunity to build a 'Magnificent Timeless Estate' up to 30,000 sq.ft. The artist's rendering in the images depicts a luxurious, modern home. The land itself is in excellent condition for building, with entitlements complete and utilities ready, ensuring that any future construction will meet the highest current quality standards, thus qualifying for an 'excellent' rating based on its potential and readiness for new development.
Pros & Cons

Pros

Unrivaled Waterfrontage & Views: This is likely the largest waterfront property on a suburban lake in Southern California, boasting 1,100 lineal feet of shoreline and 270-degree unobstructed panoramic lake, golf course, and water views.
Exclusive Gated Community & Security: Located within the 24-hour security-guarded gates of the World Class Sherwood Country Club, offering unparalleled privacy, security, and exclusivity.
Development Ready & Significant Potential: With entitlements complete, drainage installed, utilities on-site, and a recently graded parcel, it's ready for immediate design and construction of a magnificent estate up to 30,000 sq.ft.
Unique Water Rights & Boat Access: The property includes 4 deeded 60-foot wide private boat dock spaces, along with water drilling rights and pumping rights from the lake for irrigation use.
Access to World-Class Amenities & Prestigious Location: Enjoy proximity to Westlake Village's upscale dining, shopping, and award-winning schools, plus optional membership to Sherwood Country Club/Lake Club for PGA golf, tennis, pools, spa, and fine dining.

Cons

Raw Land / Development Project: The property is a parcel of land, not a finished home. The buyer must undertake the entire design and construction process, requiring significant time, effort, and project management.
Substantial Additional Investment Required: Beyond the nearly $9M land price, an estimated $550-$650 per sq.ft. construction cost for a potential 30,000 sq.ft. estate implies an additional $16.5M - $19.5M investment, plus ongoing HOA and club membership fees.
Niche Market & High Barrier to Entry: The combination of raw land, ultra-luxury price point, and the requirement for extensive custom development significantly narrows the potential buyer pool to ultra-high-net-worth individuals.
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