Fieldstone and Falconridge are the older, quieter corner of Lang Ranch: 189 early 1980s homes on a ridge above Rikkard Drive, with valley views, real backyards, and no HOA telling you what to do with them. It suits families who want Lang Ranch schools and open space but feel boxed in by the newer gated streets. Homes run about 2,000 to 3,000 square feet and sold for about $1.28M to $1.45M in 2024 and 2025, with only a few changing hands each year.
Drive up Rikkard Drive past the newer stucco streets and the road climbs, the lots widen, and the view opens over the Conejo Valley. That is Fieldstone and Falconridge. Evenings here look like a neighborhood from a different decade: kids on bikes heading for the small park in the middle of the neighborhood, neighbors walking dogs down Peak Place and Monte Carlo Drive, and ridgeline trails a few minutes away. It is tucked far enough from Avenida de los Arboles that you hear the hills, not the shopping center.
| Homes | 189 single-family homes |
|---|---|
| Built | 1980 to 1985 |
| Size | 1,990 to 3,039 sq ft, 3 to 5 bedrooms |
| Price range | About $1.28M to $1.45M in 2024 and 2025 |
| Lots | Mostly 7,000 to 12,000 sq ft, many with valley views |
| HOA | None |
| Gated | No |
| Schools | Lang Ranch Elementary, Los Cerritos Middle, Westlake High |
| Getting around | 23 Freeway at Avenida de los Arboles, Oakbrook Plaza just down the hill |
The Lang Ranch that was built first
Much of Lang Ranch went up in the late 1990s and early 2000s, some of it behind gates with association rules. Fieldstone and Falconridge came roughly fifteen years earlier, and the difference shows in the best way. The streets are set back from the arterials, the pace is slower, and the homes sit on lots sized the way lots used to be sized. The ridge position above Rikkard Drive gives many homes a long look across the valley, and the hillside behind the neighborhood is open space, not more houses.
There is a center park inside the neighborhood that works as the front porch for the whole place. It is where people run into each other on evening walks, which is what gives these two small pockets a sense of community out of proportion to their size.
The homes: 1980s plans, real yards, and views
Expect one- and two-story stucco homes with tile roofs, two- and three-car garages, and lawn and palm front yards, some on sloped driveways. Floor plans run about 1,990 to 3,039 square feet with three to five bedrooms, and lots are mostly 7,000 to 12,000 square feet. That lot size is the whole argument for the neighborhood: for the same money as a newer Lang Ranch home on a compact pad, you get room for a pool, a real lawn, and separation from the neighbors.
Because there is no HOA, exterior upkeep varies house to house. Some homes have been updated, while many others still show their age in the paint and landscaping. For a buyer, that spread is an opportunity. The well-renovated homes set the ceiling, and a tired one on a view lot is often the smartest buy on the hill.
Sales are thin, roughly three a year across both pockets. Homes sold for about $1.28M to $1.45M in 2024 and 2025. When one comes up, buyers who have been waiting tend to move fast. See our Thousand Oaks home values page for how this fits the wider market.
Schools
The neighborhood feeds Lang Ranch Elementary, Los Cerritos Middle, and Westlake High in the Conejo Valley Unified School District. Los Cerritos Middle adjoins the Lang Ranch community park site, so the daily routine for a middle schooler stays close to home. Lang Ranch sits near elementary boundary lines, so run any specific address through the district locator before you write an offer.
Trails out the back, errands down the hill
The Lang Ranch and Woodridge Open Space is about 1,025 acres of ridgetop trail backing onto roughly 8,000 more acres of protected land, with around 20 miles of trail and views north toward Simi Valley. A usable trailhead is at Westlake Boulevard and Autumn Ridge Drive, and the system connects to Simi Valley open space and to the National Park Service land at Cheeseboro and Palo Comado. Trails are open sunrise to sunset and dogs are welcome on a leash no longer than six feet.
For everything else, Oakbrook Plaza at the bottom of the hill on Avenida de los Arboles has Gelson's, CVS, Coffee Bean, Ameci, CorePower Yoga, and a few other neighborhood spots. It is close enough that a grocery run stays a quick errand rather than a trip. The 23 Freeway interchange is right there as well, and the 23 runs south to the 101.
Who it fits, and what to check before you buy
This neighborhood is for the buyer who wants Lang Ranch schools and trails but not the gate, the dues, or the architectural committee. If you want a pool, a workshop in the garage, or a yard big enough for a trampoline and a vegetable garden, start here. If you want a newer home where the exterior is maintained to a uniform standard, look at the gated streets up the road, or compare with Meadow Wood and Fountainwood.
- No HOA cuts both ways. No dues and no rental cap, but no one enforces curb appeal either. Look at the neighbors on both sides, not just the house.
- Inspect like it is 1983. These homes are forty years old. Budget for a full inspection of roof, plumbing, electrical, and HVAC on any home that has not been visibly updated.
- Hillside and wildland. The neighborhood sits against open space. Check the fire hazard zone and get an insurance quote early in escrow, and review drainage on downslope lots.
- Comps are scarce. With a handful of sales a year, pricing leans on condition and view more than on recent closings. Rikkard Drive is long and runs through several other neighborhoods, so not every sale on that street is a true comp.
We sell across this side of the Conejo Valley and know how these two pockets compare to Chanteclair Estates and the other Thousand Oaks neighborhoods. Happy to walk the hill with you.
Owning in Fieldstone and Falconridge
What a typical home costs to own
About $8,598/month
- Principal and interest$7,360
- Property tax (about 1.1% of price, Ventura County)$1,238
- HOANone
Estimate for a $1.35M home, near the middle of the recent range here, with 20% down at 7.24% (30 year fixed, Freddie Mac, October 29, 2026). Homeowners insurance is extra and varies with fire zone, so get a quote early. Your lender's figures will differ.
Thousand Oaks market, latest data
- Median sale price$1.13M
- Change over 12 months-5.0%
- Typical days on market34
Citywide, three months ending May 2026. Thousand Oaks home values
Our experience here
We sell across this part of the Conejo Valley, including the neighborhoods around Fieldstone and Falconridge, and are glad to talk through how it compares.
Thousand Oaks home prices, the last five years
Questions people ask about Fieldstone and Falconridge
Is there an HOA in Fieldstone or Falconridge?
No. Neither has a homeowners association, so there are no monthly dues, no architectural review, and no association rules on rentals or parking. City of Thousand Oaks codes are the only controls. The tradeoff is that exterior upkeep varies from house to house.
What do homes in Fieldstone and Falconridge cost?
Homes sold for about $1.28M to $1.45M in 2024 and 2025. Prices are driven by condition, lot size, and view more than by square footage alone. Only a few homes sell each year, so a well-updated view home can push toward the top of that range quickly.
What is the difference between Fieldstone and Falconridge?
They are two names for neighboring parts of the same early 1980s development on the ridge above Rikkard Drive, sharing one recorded map. Fieldstone is generally the streets around Peak Place and Falconridge the streets around Monte Carlo Drive. The line between them is not mapped, and homes, lots, and schools are essentially the same in both.
Which schools serve the neighborhood?
Lang Ranch Elementary, Los Cerritos Middle, and Westlake High, all in the Conejo Valley Unified School District. Because the area sits near elementary boundary lines, confirm the assignment for any specific address with the district before you commit.
Is the neighborhood gated?
No. Unlike several of the newer Lang Ranch streets such as gated Eagle Ridge, Fieldstone and Falconridge are open. The neighborhood still feels private because it is set back from the main roads and backs onto open space.
How big are the lots?
Mostly 7,000 to 12,000 square feet, which tends to be larger than the newer Lang Ranch homes at a similar price. Many lots have room for a pool, and homes along the ridge have views across the valley.
Thinking about Fieldstone and Falconridge?
Whether you are weighing a move here or wondering what your home would bring, Davis and the team are happy to talk it through, street by street. No obligation.
