500 Lower Lake Road, Westlake Village, CA 91361 (MLS # SR26204524)

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View Virtual Tour PRICE $8,989,000 BEDS 8 BATHS 10.5 HOME SIZE 15,000 sqft LOT SIZE 3.00 ac Request More Info Schedule a Showing

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.