Parkwood Estates Homes
Westlake Village, CA | $1.5M-$3M
Parkwood Estates Homes
Custom homes with a view – what more could you ask for? Parkwood Estates range from completely remodeled to project ready, all unique with a variety of floor plans. Tucked up in the hills above Westlake Lake, many of the homes have views of the lake, surrounding hills, or both.
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.
Parkwood Estates | Quick Take
Custom homes tucked in the hills above Westlake Lake. Views, estate-scale space, and a low HOA that’s easy to forget about.
- Lifestyle: Right next to the lake and three waterfront restaurants, short drive to Westlake Plaza and Stonehaus, and homes large enough that daily life doesn’t feel cramped. Estate living without full estate isolation.
- Identity: 200-plus homes on hillside lots, many with lake or hill views. Custom character with enough variety that finding something that feels like yours is realistic.
- Trade-off: Not every home has lake views, and the range from fully remodeled to project-ready is wide. At this price, buyers need to know which they’re getting before they fall in love with the address.
- Bottom line: Best for professionals and established families who want estate-scale living near the lake without paying North Ranch custom prices.
MICHAEL RICE, Conejo Valley Guy | Let's Connect!
Quick Facts at A Glance
Typical Price Range
$1.5M-$3M
Home Size (SQ FT)
2500-5000
Number of Homes (Approx.)
200+
Bedrooms
3-5
Year Built
late 60s to late 80s
What's To Love
Location baby. Right next to the lake and its three waterfront restaurants. Plus a short drive to Westlake Plaza, Stonehaus Winery, and many more.
What's Not To Love
Not all homes come with a view of the lake. And if a remodel doesn’t sound exciting, you might wait for one that’s already been reno’d.
Who Should Look Here
Parkwood offers some of the largest estate style homes around the lake and attracts professionals and the well established. The large size of the homes brings in families from all over and the easy access to the heart of Westlake Village makes for an enjoyable lifestyle.
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 Parkwood Estates
Parkwood Estates Market Snapshot
This snapshot shows recent sales activity in Parkwood Estates to give a general sense of how the neighborhood has been performing over time.
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Average Sale Price: | $2,282,000 | $2,241,166 | No Sales |
| Lowest Price: | $1,500,000 | $1,120,000 | |
| Highest Price: | $3,300,000 | $2,700,000 | |
| Number of Sales: | 6 | 6 | |
| Avg. Days on Market: | 62 | 51 |
Buying a home in Parkwood Estates?
If you’re starting to think about what it would actually look like to buy in Parkwood Estates, 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 Parkwood Estates?
If you own a home in Parkwood Estates 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 ProceedsParkwood Estates Location
Exploring Your Westlake Village Options
Parkwood Estates 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
PARKWOOD ESTATES FREQUENTLY ASKED QUESTIONS
Most buyers assume they have to choose between a large home and a central Westlake Village location. Parkwood Estates offers both. Spacious homes, hillside lots, and lake or mountain views on many properties without being tucked away from everything.
Prices typically run $1.5M-$3M. The range is wide. View lots, lot size, and condition drive price significantly, and two homes at similar square footage can differ considerably depending on what work has been done.
Many homes sit on hillside lots with lake or hill views, and the elevated setting gives the neighborhood an open, spacious feel. Not every home has views though. Lot position within the neighborhood matters, and it’s worth understanding what you’re getting before making an offer.
Most are looking for more space without giving up convenience. Parkwood offers larger homes, established landscaping, and many view lots while still being close to the lake, shopping, restaurants, and everyday amenities.
The neighborhood has a more custom feel than many tract developments, but there’s still considerable variation from one home to another. Architecture, lot placement, remodeling quality, and views all play a significant role in how each property lives.
North Ranch offers more custom homes and a more secluded feel. Parkwood Estates provides similar square footage and privacy but keeps you much closer to the lake, shopping, and the heart of Westlake Village.
Consistency. The range from fully remodeled to project-ready is significant, and not every home has views. Buyers who focus only on the address can be caught off guard by how much condition and lot position affect the actual ownership experience. The individual home matters as much as the neighborhood here.
Ready to tour Parkwood Estates 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.
