Westlake Village Real Estate Blog

Posts Tagged ‘Lake Sherwood’

Three new homes released by Sherwood Homes and this vintage charmer topped the local broker caravan yesterday. Situated on a rare double lot, 2421 Stafford Road commands a wooded setting behind its own gates. The main house, all on one story, has wood flooring, an upgraded kitchen and an outdoor fireplace. The modern guesthouse features a great room with a pitched ceiling, a small bedroom and bath and a kitchenette. There is an infinity pool and spa.

Listed by Mark Tyoran and Kathy Bernal, Ewing & Associates Sotheby’s International Realty.

New construction on tour yesterday in Lake Sherwood included the one-story Amalfi, at $2,355,000, Le Fleur, at $2,395,000, and the Ashford, at $2,290,000. For more information on these homes, go to Listingbook and sign up for an account.

Listed by Samantha Withers and Moncia Grisolia, Sherwood Valley Realty, Inc.

Luxury home buyers now have three more homes to choose from at the David Murdock’s world-class Lake Sherwood neighborhood in Thousand Oaks. Priced between $2,250,000 for a one-story Montecito-style home and $2,825,000 for a Southern “belle,” these estate properties have been designed to include significant energy-conserving features, with special focus on items such as radiant heating, insulation, window and glass materials, and tankless water heaters. All, of course, offer close proximity to the renowned Sherwood Country Club Sherwood Lakes Club and the Sherwood Lake Club.

New Construction at Lake Sherwood

I have learned over the years that the top is always relative. And so we see that www.portfolio.com has reported that Newport Beach is the richest city in the nation. In this paradise by the sea, each resident’s annual income (children included) is more than $86,000, and 28.6 percent of households earn more than $200,000.

Even in affluent Westlake Village, these numbers are smashing. For a view from the top here, we turn to Lake Sherwood, where the good news is that the billionaire developer, David H, Murdock, has broken ground on six new homes, after a long dry spell of selling standing inventory.

So what is he building, and why? The why part is easy. He believes he can sell them. This is a vote of confidence for our high-end home market, even if the price point is far less lofty that what you’d find in Newport Beach. Like the stock watcher who follows Warren Buffet, the higher-end home buyer here can take his cue.

Admittedly, the new Sherwood homes are a bit more modest in both size and price than many other homes in this luxury community.  All the new homes are less than 4,500 sq. ft. and priced below $2.5 million.

With interest rates still at historic lows, now may be the just the right time to step up to the “top end” and into a new home in Lake Sherwood, “one of the most beautiful places to live,” in the words of the developer himself.