5135 Island Forest Place, Westlake Village, California 91362, Westlake Village, 91362 - 5 bed, 5 bath
ACTIVE$4,499,000$5,132/sqft
Est. Value: $3,010,446
-33%
AboveEstimate
5135 Island Forest Place, Westlake Village, California 91362
5Beds
5Baths
5,132Sqft
29,620.801Lot
Price Vs. Estimate
The estimated value ($3,010,445.88) is $1,488,554.12 (33%) lower than the list price ($4,499,000). This property may be overpriced.
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 = 29620, living area = 5132.
Top Cons:
Significant Overpricing: The current listing price of $4.499M is substantially higher than the estimated property value of $3.01M, indicating a potential overvaluation of -33% which may deter buyers or prolong market time.
Compared to the nearby listings
Price:$4.50M vs avg $1.34M (+$3,154,000)96%
Size:5,132 sqft vs avg 2,524 sqft94%
Price/sqft:$877 vs avg $57598%
More Insights
Built in 1989 (37 years old).
Condition: The property, built in 1989, features a 'stunning renovated kitchen with a massive island' as described, which is confirmed by images showing modern white shaker cabinets, marble countertops, and contemporary appliances. The bathrooms also appear updated with modern vanities, tile work, and fixtures. Hardwood flooring is present in main living areas, and carpets in bedrooms/hallways appear well-maintained. While the kitchen and some bathrooms are extensively renovated, the overall property, built over 30 years ago, likely has some original systems or components that haven't undergone a full, recent renovation, placing it just shy of 'Excellent'. It is move-in ready with no immediate renovation required, aligning with the 'Good' criteria.
Year Built
1989
Close
-
List price
$4.5M
Original List price
$4.5M
Price/Sqft
$877
HOA
$334
Days on market
-
Sold On
-
MLS number
PTP2502970
Home ConditionGood
Features
Excellent View: Golf Course, Mountain(s)
Deck
Pool
Spa
Patio
ViewGolf Course,Mountain(s)
About this home
Golf course views and unbeatable value. 5135 Island Forest Place is North Ranch’s most attractively priced golf course frontage home—set behind the gates of a 14-home enclave and backing to the newly transformed “Oaks” Course at North Ranch Country Club. With over 5,100 sq ft, 5 bedrooms (including 2 main-level ensuites), and a stunning renovated kitchen with a massive island, this home blends privacy, comfort, and style. Enjoy over 260 feet of golf course frontage, serene views, a pool/spa retreat, and low HOA dues—all tucked away on a quiet cul-de-sac. A rare opportunity to live well in one of the area's most exclusive settings.
R
Robert Boerner
Listing Agent
Nearby schools
6/10
Westlake Hills Elementary School
Public,•K-5•2.2mi
4/10
Conejo Elementary School
Public,•K-5•2.6mi
7/10
White Oak Elementary School
Public,•K-5•3.3mi
7/10
Lindero Canyon Middle School
Public,•6-8•2.4mi
7/10
Los Cerritos Middle School
Public,•6-8•2.7mi
6/10
Colina Middle School
Public,•6-8•3.0mi
10/10
Oak Park High School
Public,•9-12•2.1mi
8/10
Westlake High School
Public,•9-12•2.4mi
7/10
Agoura High School
Public,•9-12•4.0mi
Condition Rating
Good
The property, built in 1989, features a 'stunning renovated kitchen with a massive island' as described, which is confirmed by images showing modern white shaker cabinets, marble countertops, and contemporary appliances. The bathrooms also appear updated with modern vanities, tile work, and fixtures. Hardwood flooring is present in main living areas, and carpets in bedrooms/hallways appear well-maintained. While the kitchen and some bathrooms are extensively renovated, the overall property, built over 30 years ago, likely has some original systems or components that haven't undergone a full, recent renovation, placing it just shy of 'Excellent'. It is move-in ready with no immediate renovation required, aligning with the 'Good' criteria.
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 = 29620, living area = 5132.
Great Schools: High School: Oak Park High School (10/10).
Prime Golf Course Frontage: The property boasts over 260 feet of direct golf course frontage, backing to the newly transformed 'Oaks' Course at North Ranch Country Club, offering desirable views and an exclusive setting.
Exclusive Gated Enclave & Location: Situated within a private 14-home gated enclave on a quiet cul-de-sac, providing enhanced privacy, security, and a serene living environment.
Renovated Modern Kitchen: Features a stunning renovated kitchen with a massive island, appealing to modern tastes and offering a central hub for entertaining and daily living.
Spacious & Flexible Layout: With over 5,100 sq ft and 5 bedrooms, including two convenient main-level ensuites, the home offers ample space and flexibility for various living arrangements.
Outdoor Amenities & Low HOA: Includes a private pool/spa retreat for leisure and entertainment, complemented by relatively low HOA dues, enhancing its long-term appeal.
Cons
Significant Overpricing: The current listing price of $4.499M is substantially higher than the estimated property value of $3.01M, indicating a potential overvaluation of -33% which may deter buyers or prolong market time.
Potential for Further Updates: Built in 1989, and despite a renovated kitchen, the property may require additional significant updates (e.g., bathrooms, systems, finishes) to align with current luxury market expectations, especially when compared to more extensively remodeled comparables.
Higher Association Fees: The HOA dues of $334.0 are notably higher than those of comparable properties in the area, which could be a consideration for potential buyers.