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Residential Land for Sale in Westlake Village, California

500 Lower Lake Rd, Westlake Village, CA 91361

$8,999,950
3 acres
Active
$150k drop
Est $67,533/mo

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 are 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, Executive Golf Course,15 Multiple Surface Tennis Courts, Olympic Size Pool, Spa & Gym Facilities. Owner will also consider a TRADE! All a Very Special Offering.

Location

Street address
500 Lower Lake Rd
Community
Sherwood Country Estates (782)
Elevation
968 feet

Directions

Enter Stafford Gate, Left on Stafford Rd, Left on Lower Lake Rd to the end.

Property details

Acreage
3.002 acres
Zoning
RE
MLS #
MRMLS SR25028594
Posted

Expenses

Home Owner Assessments Fee
$780 monthly

Parcels

  • 6950170035

Details and features

Listing

Type
Land

Lot

View
Lake, Panorama, Water
Waterfront
Lake Front

Exterior

Features
Biking Community Features Included, Fishing, Golf, Hiking, Suburban

Listing history

DateEventPriceChangeSource
Oct 28, 2025Price drop$8,999,950$150,050 -1.6%MRMLS
July 30, 2025Price drop$9,150,000$149,950 -1.6%MRMLS
May 24, 2025New listing$9,299,950MRMLS
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This 3.002-acre property is located at 500 Lower Lake Rd in Westlake Village, CA 91361. The property is available for sale for $8,999,950 with a price per acre of $2,997,985.

Checked 1 hour ago — Updated

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