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8 Beds
11 Baths
15,000 sqft

$8,989,000

500 Lower Lake RD, WESTLAKE VILLAGE CA, 91361

Price per sqft$599.27
Built in2026
Property size15,000 sqft
Property typeResidential

Overview

Active

Listed Sep 18, 2026

Updated 6h ago

THE PENINSULA | One of Southern California's Most Extraordinary Waterfront Estate Opportunities. Introducing THE PENINSULA, a once-in-a-generation opportunity to create an iconic waterfront legacy estate within the prestigious gates of Lake Sherwood. Encompassing approximately three acres with an astounding 1,100 feet of private shoreline and commanding 270-degree panoramic lake views, this remarkable trophy property is believed to be the largest privately held waterfront parcel on any suburban lake in Southern California. Set amidst an emerging enclave of architecturally significant luxury estates, THE PENINSULA offers an unparalleled canvas for creating a world-class residence of enduring distinction. Privately situated behind the renowned 24-hour guard-gated Sherwood Country Club, the property delivers an exceptional combination of privacy, security, exclusivity, and natural beauty. With known entitlements completed, utilities in place, drainage installed, and grading completed, multiple prime building sites are prepared to bring an extraordinary vision to life. Imagine a magnificent custom estate featuring up to a 30,000-square-foot single-story main residence and guest house, complemented by resort-inspired amenities including a spectacular pool, championship-style tennis court, expansive motor court, and collector-quality garages. There may even be the rare opportunity to name your own private street. Further enhancing the property's rarity are four deeded private boat dock spaces, each approximately 60 feet in width, together with valuable water well drilling rights and lake water pumping rights for irrigation. These highly coveted waterfront privileges offer a level of ownership seldom available anywhere in California. Home to prominent business leaders, entertainers, and discerning residents, Sherwood Country Club is celebrated as one of Southern California's most exclusive and private communities. Just minutes from Westlake Village, residents enjoy convenient access to fine dining, luxury boutiques, premier entertainment, and highly acclaimed schools. Optional membership opportunities at Sherwood Country Club and Sherwood Lake Club provide access to an exceptional collection of resort-caliber amenities, including championship PGA golf, an executive golf course, 15 tennis courts, an Olympic-sized swimming pool, luxury spa facilities, state-of-the-art fitness center, and distinguished dining experiences. Owner may consider a trade.

$59,804/mo

Est. mortgage payment based on a $8,989,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SR26204524MR

Interior Features

Bedrooms
8
Bathrooms
11
Fireplace
Yes
Basement
No

Exterior Features

Lot Size
3 Acres

Other Property Details

Association Fee Frequency
Monthly
Garage
Yes
View
Yes

Listed by Carl Torres with Pinnacle Estate Properties
Listing Contact: 818-488-8003 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Stephan Illouz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2026 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/22/2026

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