First Neighborhood Homes
Westlake Village, CA | $1.25M-$2.3M
First Neighborhood Homes
First Neighborhood gets its name from being (you guessed it) the first planned neighborhood in Westlake Village. Rolling greenbelts and paths weave their way throughout the many cul-de-sacs here. Kids walk or ride a bike to the elementary school without ever leaving the neighborhood, and in many cases, ever going on the street. And being one of the larger Westlake Village neighborhoods means there are lots of housing options to choose from.
Westlake Village | The Overview
Curious what it’s really like to live in Westlake Village beyond this neighborhood? From lake lifestyle and dining to schools, pricing, and how it compares to nearby towns, here’s the full local breakdown.
Quick Facts at A Glance
Typical Price Range
$1.25M-$2.3M
Home Size (SQ FT)
1600-3000
Number of Homes (Approx.)
300+
Bedrooms
3-5
Year Built
late 60s to early 70s
First Neighborhood Floor Plans
What's To Love
Quick and easy access to first class dining & some laid back R&R. Active peeps will welcome the walkability of the nearby boutiques and the Sunday morning farmer’s market. Having the park, community pool and elementary school all within the community borders creates a safe family friendly environment that’s tough to duplicate in other neighborhoods.
What's Not To Love
Being original means many of the homes are dated and need updating. Some of the layouts can feel carved up rather than the more popular open concept.
Who Should Look Here
First Neighborhood skews towards move-up buyers and families with school age kids mainly because of the larger floorplans and the park/school in the middle of the neighborhood. However there are many smaller single story homes that are perfect for empty nesters or retirees who appreciate having the option to walk to stores and restaurants.
Hi, I’m Michael
These neighborhood profiles are designed to go beyond what you’ll find on Zillow or Redfin. After 25+ years working in the Conejo Valley and profiling more than 165 neighborhoods, I’ve learned that the small differences between communities often matter the most.
Homes for Sale in First Neighborhood
First Neighborhood Market Snapshot
This snapshot shows recent sales activity in First Neighborhood to give a general sense of how the neighborhood has been performing over time.
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Average Sale Price: | $1,382,333 | $1,652,186 | $1,731,484 |
| Lowest Price: | $1,100,000 | $1,215,000 | $1,170,000 |
| Highest Price: | $1,660,000 | $2,350,000 | $3,000,000 |
| Number of Sales: | 15 | 25 | 17 |
| Avg. Days on Market: | 42 | 45 | 25 |
Buying a home in First Neighborhood?
If you’re starting to think about what it would actually look like to buy in First Neighborhood, this is a good place to start.
I’ll walk you through what to expect, how the process works, and the key decisions you’ll want to think through before making an offer.
Before You BuySelling a home in First Neighborhood?
If you own a home in First Neighborhood and are thinking about selling, it helps to understand what typically goes into the costs and what you might realistically walk away with.
I break it down clearly so you can make a more informed decision.
Estimate Your Net ProceedsFirst Neighborhood Location
Exploring Your Westlake Village Options
First Neighborhood is one of several distinct neighborhoods within Westlake Village. If you’re still getting your bearings, these guides can help.
Learn About Westlake Village
Compare Neighborhoods
FIRST NEIGHBORHOOD FREQUENTLY ASKED QUESTIONS
First Neighborhood gets its name from being the first planned community built in Westlake Village in the late 1960s, early 1970s.
It’s one of the larger neighborhoods in the city, with 300+ homes spread across cul-de-sacs connected by rolling greenbelts and walking paths. It sits in the heart of Westlake Village with easy access to the lake, dining, and the 101.
Most homes fall somewhere in the $1.25M-$2.3M range.
Where you land within that range usually comes down to how updated the home is and where it sits within the neighborhood.
The average sale price has been climbing, which tells you demand here is real and consistent. Homes typically run 1,600 to 3,000 square feet with 3 to 5 bedrooms.
It’s one of the more walkable neighborhoods in Westlake Village, and in the Conejo Valley overall.
The greenbelts connect directly to White Oak Elementary school, the community park, and the pool, and kids can get there without ever touching a street.
Restaurants, boutiques, and the Sunday farmer’s market are close enough to walk or bike. And the Stonehaus Winery – a Westlake Village landmark.
There is an HOA, and fees run around $235 per quarter — relatively modest for what you’re getting. That covers the community pool and helps maintain the greenbelt system that gives the neighborhood its character.
First Neighborhood feeds into Las Virgenes Unified School District:
- White Oak Elementary
- Lindero Canyon Middle
- Agoura High.
LVUSD consistently ranks among the best districts in California, and it’s one of the reasons this area holds its value the way it does.
Las Virgenes Unified School District | What Parents Should Know
Being the original neighborhood in Westlake Village means a lot of the homes are dated. Kitchens and baths that haven’t been touched in 20+ years will show it.
Some of the floorplans can feel a little compartmentalized compared to the open-concept layouts buyers are used to today. If you need move-in ready, you’ll want to be selective, or budget for updates going in.
Families with school-age kids are the most obvious fit. The park, pool, and elementary school are all within the neighborhood’s borders, and kids can actually use them without a car or a parent shuttle.
But there are smaller single-story homes here too that work really well for empty nesters and retirees who want to walk to dinner or the farmer’s market on a Sunday morning.
It depends on what matters most to you. I usually think of First Neighborhood as the middle of the market for Westlake Village – not the flashiest, not the most updated, but one of the best for everyday livability.
If walkability, community feel, and LVUSD schools are your priorities, it’s hard to beat at this price point. If you want newer construction, bigger floorplans, and more open layouts, you’d probably be happier looking at Three Springs or Braemar. I’ve walked this neighborhood more times than I can count, and the people who love it really love it.
Ready to tour First Neighborhood and other neighborhoods?
Choosing the right neighborhood is often more important than choosing the right house. If you’re still figuring out where you belong in the Conejo Valley, here’s the simple 3-step process I use to help buyers narrow it down.
Step 1:
First Meeting
We’ll talk through your plans and what buying looks like in the Conejo Valley.
Step 2:
Area & Home Tours
You’ll get a feel for how the towns connect and which ones feel right to you.
Step 3:
Offers → Closing
I’ll guide you through offers, negotiations, and all the way to closing.
