Why The Island is scarce
Genuine lake-access waterfront with private dock rights is rare in the Conejo, and The Island concentrates it in one gated enclave on Westlake Lake. Scarcity plus lifestyle drives the premium. The pillar covers the broader market.
What 'waterfront' actually conveys — verify each
- Frontage: actual lake frontage versus lake-view or lake-adjacent — confirm precisely.
- Dock & watercraft rights: private dock, boat/electric-boat use, and any limits — property-specific.
- HOA & lake association: rules on use, maintenance, dues, and access governed by the association.
- Restrictions: any lake-use, noise, or watercraft restrictions in force.
How it trades
Comps are thin and frontage/dock specifics swing value, so the analysis is property-by-property rather than by the square foot. The ultra-luxury golf-and-lake tier is in the Sherwood guide; the fire-insurance reality that touches all Westlake luxury is in the insurance guide. Verify every water right before you write.
Market context
| Market | Median price | Days on market | School district(s) |
|---|---|---|---|
| Westlake Village | $1,612,000 | 27 | LVUSD (LA side) / CVUSD (Ventura side) |
| Calabasas | $2,220,000 | 34 | Las Virgenes Unified (LVUSD) |
| Oak Park | $1,362,000 | 21 | Oak Park Unified (OPUSD) |
Figures from /data.json, the site’s canonical data file (June 2026). Always verify current numbers.
Frequently asked questions
What is The Island at Westlake?
A gated waterfront enclave on Westlake Lake — among the scarcest luxury products in the Conejo Valley, with true lake-access homes that command a premium over the area median for what they convey on the water.
Do all homes on The Island have dock rights?
Not necessarily — lake frontage, private dock and watercraft rights, and association rules are property-specific. Two homes marketed as 'waterfront' can differ sharply in what they actually convey. Verify each before relying on it.
Why are Island homes so expensive?
Genuine lake-access waterfront with dock rights is extremely scarce in the region, and that scarcity, combined with the lifestyle, drives a premium well above Westlake Village's ~$1,612,000 median (June 2026).
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