Welcome to THE PENINSULA — An Extraordinary Waterfront Estate Opportunity on Lake Sherwood. Set among an emerging collection of elite luxury estates, THE PENINSULA represents a rare opportunity to create a truly exceptional legacy property in one of Southern California’s most prestigious and private communities. Spanning approximately 3 acres with an extraordinary 1,100 linear feet of shoreline and breathtaking 270-degree unobstructed views of Lake Sherwood, this spectacular trophy property is believed to be among the largest privately held waterfront parcels on a suburban lake in Southern California. Nestled behind the 24-hour guard-gated security of the world-renowned Sherwood Country Club, this one-of-a-kind property offers the ultimate combination of privacy, exclusivity, and natural beauty. With known entitlements completed, drainage installed, utilities on-site, and recent grading, the property features multiple buildable areas ready to accommodate your vision. Imagine designing a magnificent custom estate featuring up to a 30,000-square-foot, single-story main residence and guest house, complemented by a resort-style pool, tennis court, expansive motor court, and garages. Estimated design and construction costs range from $550 to $650 per square foot, all-in, with the potential opportunity to name your own private street. Adding to its remarkable appeal are four deeded, 60-foot-wide private boat dock spaces, water drilling rights, and lake water pumping rights for irrigation—distinctive privileges that further enhance this exceptional waterfront setting. Home to numerous celebrities and distinguished residents, Sherwood Country Club is celebrated for its unparalleled privacy, security, and exclusivity. Just five minutes from the upscale community of Westlake Village, residents enjoy convenient access to exceptional dining, entertainment, luxury shopping, and award-winning schools. Optional membership to Sherwood Country Club or Sherwood Lake Club provides access to an impressive collection of resort-caliber amenities, including fine dining, a championship PGA golf course, executive golf course, 15 multi-surface tennis courts, an Olympic-size swimming pool, spa, and state-of-the-art fitness facilities. An extraordinary opportunity to build a timeless waterfront estate in a setting of unmatched beauty, prestige, and distinction.
Owner will also consider a trade.
Owner will also consider a trade.
Property Details
Price:
$8,989,000
MLS #:
SR26201763
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subtype:
Water Position With Land
Subdivision:
Sherwood Country Estates 782
Neighborhood:
wvwestlakevillage
Listed Date:
Sep 15, 2026
Lot Size:
130,780 sqft / 3.00 acres (approx)
See this Listing
Schools
Interior
Exterior
Community Features
SUB, GOLF, FISH, WATE, HIKI, BIKI
Fencing
NO
View
LA, PA, WA
Waterfront Features
OL, LAK
Financial
HOA Fee
$819
HOA Fee Frequency
MO
Map
Community
- Address500 Lower Lake Rd. RD Westlake Village CA
- SubdivisionSherwood Country Estates (782)
- CityWestlake Village
- CountyVentura
- Zip Code91361
Subdivisions in Westlake Village
- Braemar S/F NR-777 – 777
- Braemar Townhomes 753
- Braemar Townhomes NR-753 – 753
- Clubview Townhomes NR-749 – 749
- Country Club Estates 785
- Country Club Estates NR-785 – 785
- Custom NR-736 – 736
- Estates at North Pointe NR-618 – 618
- Fairway Oaks NR-754 – 754
- First Neighborhood/Custom-705 – 705
- Foxmoor 706
- Foxmoor-706 – 706
- Griffin Three Springs 735
- Hidden Canyon 760
- Los Robles Hills-621 – 621
- Northshore 716
- Northshore-716 – 716
- Oak Forest Mobile Homes-741
- Southshore Hills 720
- Southshore Hills-720 – 720
- Summer Shores-721 – 721
- The Shore/South Shore 719
- The Shore/Southshore-719 – 719
- Village Glen 724
- Village Glen-724
- Village Glen-724 – 724
- Westlake Bay 728
- Westlake Bay-728 – 728
- Westlake Cove-797 – 797
- Westlake Island 711
- Westlake Pointe 771
- Westlake Trails 704
- Westpark Condos 755
- Westpark Condos-755 – 755
- Westshore 738
Market Summary
Current real estate data for Land in Westlake Village as of Oct 15, 2026
9
Land Listed
140
Avg DOM
$2,960,333
Avg List Price
Property Summary
- Located in the Sherwood Country Estates (782) subdivision, 500 Lower Lake Rd. RD Westlake Village CA is a Land for sale in Westlake Village, CA, 91361. It is listed for $8,989,000 and features 3 acres.
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500 Lower Lake Rd. RD
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