Oaknoll Villas, Thousand Oaks: What It Is Like to Live Here

Turn off Lynn Road onto Oak Leaf Drive and the pace changes. The streets are courts and circles that go nowhere in particular, the buildings sit low under the canopy, and the grounds are well kept and green. Ground floor owners have a private patio or small yard, upstairs owners have a balcony looking into tree tops, and a few of the higher units pick up a sliver of the Conejo Valley and the hills beyond. It is a 55 and over community, built for the chapter after the big house.

Life on the courts and circles

Oaknoll Villas is a 29 acre pocket of about 419 condos arranged along six short streets: Oak Leaf Drive, Chestnut Hill Court, Pinetree Circle, Sequoia Court, Birchpark Circle and Arbor Lane Court. Because they are courts and circles rather than through streets, there is no cut through traffic, and interior units generally sit further from the Lynn Road edge.

The clubhouse is the social center. It holds the library and fitness room, and the pool, spa and shuffleboard courts sit outside it. There is no activity director, so the calendar is whatever residents organize. The community is not gated, and the grounds are the real amenity: mature trees, maintained lawns and planting that give even the smallest unit a green outlook.

This is a 55 and over community, marketed as low maintenance, low turnover senior living for people who want a manageable home close to everything Thousand Oaks already offers them.

The condos: small plans, real choices

Everything here is one or two bedrooms, built between 1974 and 1982 in low rise buildings with several units each. The plans run in a fairly predictable ladder:

• About 514 square feet, a compact one bedroom that lives like a large studio
• About 704 square feet, one bedroom and one bath, the most common entry point
• About 836 square feet, two bedrooms and one bath
• About 927 square feet, two bedrooms and two baths
• About 1,048 to 1,147 square feet, the largest two bedroom, two bath plans, often with the best views

Ground floor units come with a patio and sometimes a small private yard. Upper units have balconies, and some buildings have elevators, which matters more every year to a buyer in this age bracket. Corner units with no shared walls exist and are worth waiting for. Updated units typically show fireplaces and double pane windows, and listings show garage parking, often one space. Laundry arrangements vary by unit, so check whether a unit has in unit hookups or relies on a shared facility.

Because this is condominium ownership, there is no individual lot. The land is common area within the 29 acre tract, and the association maintains the exteriors and grounds. Buyers coming from a single family house in Los Robles Estates or similar neighborhoods usually find that trade welcome, as long as the dues and reserves hold up.

Dues, amenities and what the association runs

The Oaknoll Condominium Association has been in place since 1973, and the city registry lists an on site manager. Dues vary by building and plan, roughly $335 a month at the low end on some Pinetree Circle units up to about $600 a month on Chestnut Hill Court, with Sequoia Court units near $560. Two units that look alike on paper can carry very different monthly costs, so compare the actual dues on each unit, not the community range.

Dues here typically go toward the clubhouse, pool, spa, fitness room, landscaping, common area maintenance and management, though you should read the actual budget rather than a generic inclusions list. On buildings approaching fifty years old, the questions that matter are the ones in the reserve study and budget: roofs, plumbing, exterior paint, and whether any special assessments are planned or recently passed. California law requires the association to disclose current and special assessments, unpaid balances and fines on the unit in the resale package. Ask for the full package early, not at the end of escrow.

Lynn Road, The Oaks and Los Robles Greens

The practical appeal of this location is how little driving it takes. Lynn Road shopping is close by, and The Oaks at Hillcrest Drive, with more than 170 stores and services anchored by Nordstrom and Macy's, is a short drive south, sitting between Lynn Road and the 101. Los Robles Greens, the public golf course on Moorpark Road, is close by, and Gardens of the World and the Thousand Oaks Boulevard commercial corridor are also nearby.

US 101 is about a mile away. Thousand Oaks Transit runs local buses and shuttles serving the city for owners who prefer not to drive every day.

Buyers weighing condo options in this part of town usually also look at Los Robles Townhomes and Racquet Club Villas. One and two bedroom units at Oaknoll Villas are among the least expensive ownership options in Thousand Oaks, if the 55 and over rule fits your household.

Schools, mostly for resale

Oaknoll Villas is served by Acacia Magnet School for Enriched Learning, Redwood Middle School and Thousand Oaks High School in the Conejo Valley Unified School District. With a 55 and over restriction, school assignment rarely drives a purchase here. Acacia is a magnet school, so enrollment can work differently from a straight neighborhood school. Confirm assignments and the enrollment process for a specific address with the district if a grandchild's schooling is part of the plan.

Who it suits, and what to check before you buy

Oaknoll Villas fits a buyer who wants to own in Thousand Oaks at the lowest realistic price, who values a quiet, green setting over new construction, and who would rather spend time at the pool or on the golf course than on a roof. It is a poor fit for anyone who needs a gated entry or more than two bedrooms.

Asking prices in 2026 have mostly run about $375K to $429K for one and two bedroom units. Only a handful of units are on the market at any time, and they often take a couple of months to sell, so patient buyers can be selective. For context on how this compares across the city, see our Thousand Oaks home values page.

Before writing an offer, we would want the following in hand:

• The CC&Rs, to confirm the 55 and over occupancy rules, including whether a younger spouse or companion may reside with a qualifying owner
• The reserve study, current budget and any special assessment history
• Pet, rental and parking rules, which matter if you plan to lease the unit later
• Lender project approval status, owner occupancy ratio and the master insurance policy with its deductible and premium history
• A physical inspection focused on original plumbing, electrical and windows in any unit that has not been updated

We sell across Thousand Oaks and the condo communities around Los Robles, and the buyers who do best here are the ones who compare dues and reserves unit by unit rather than price alone. Browse the rest of our Thousand Oaks neighborhood guides to see how Oaknoll Villas sits among its neighbors.

Owning in Oaknoll Villas

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 Oaknoll Villas, and are glad to talk through how it compares.

Get a private valuation (805) 341-6125

Thousand Oaks home prices, the last five years

Questions people ask about Oaknoll Villas