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Quick Facts: The Masters Series at a Glance

DetailInformation
Price Range$1,500,000 – $2,500,000
Bedrooms3 – 4
Square FootageApprox. 2,400 – 3,200 sq ft
Year Built1988
HOANone
Number of HomesApproximately 35
GatedNo
School DistrictConejo Valley Unified School District (CVUSD)

The Masters Series is a boutique North Ranch enclave of roughly 35 detached single-family homes offering golf course proximity, generous square footage, and no HOA overhead in one of the most sought-after zip codes in the Conejo Valley.

What Is The Masters Series Known For?

If you ask me what makes The Masters Series distinct among the dozens of tracts I work in Westlake Village, the answer comes down to three things: location, scale, and freedom. These roughly 35 homes sit tucked along the quiet cul-de-sac streets that finger off Valley Spring Drive in the North Ranch corridor, directly adjacent to the North Ranch Country Club and its celebrated 27-hole championship golf course. That proximity is not incidental. When you're standing in the backyard of a Masters Series home, the fairway views and the hillside silence are part of the daily experience, not a marketing line. I've shown homes on these streets to buyers who had been looking in Westlake Village for two years and the moment they stepped out back and understood what they were looking at, the search was over.

What separates The Masters Series from the surrounding custom North Ranch estates is the combination of attainable scale and genuine quality. These were not entry-level production homes when they were built in 1988. The builder delivered upgraded floor plans with vaulted ceilings, formal living and dining rooms, and footprints that stretch from roughly 2,400 to 3,200 square feet on lots that provide real yard space without demanding a full-time gardener. The typical buyer here is someone who wants North Ranch prestige without the $4M custom home price tag, and who genuinely values the low-maintenance reality of no HOA dues, no CC&R approval committees, and no monthly fee for amenities they may never use. In my experience, buyers here are deliberate. They have done their homework on the North Ranch area, they understand what they're getting in the school district, and they are choosing this tract specifically because of what it is and where it sits.

Floor Plans and Home Styles in The Masters Series

The Masters Series homes are predominantly two-story designs built in a California Traditional style that was premium construction for its era. Think clean exterior lines, neutral stucco finishes, tile roofing, and attached two- and three-car garages that are wide enough to actually park in. The original builder offered what effectively amounted to two or three primary plan configurations, differentiated mainly by the placement of the primary suite, the treatment of the formal areas downstairs, and whether a bonus room or fourth bedroom occupies the upper floor. The smaller plans run approximately 2,400 to 2,600 square feet with three bedrooms and 2.5 bathrooms, while the larger configurations push 2,900 to 3,200 square feet with four bedrooms and a layout that often includes a separate family room opening to the rear yard.

Downstairs in the larger plans, you typically find a formal entry with vaulted ceilings, a living room and separate dining room, a kitchen opening to the family room, a powder bath, and direct garage access. The kitchen-to-family-room relationship was a progressive layout choice for 1988 construction and it holds up well today. Upstairs, the primary suite generally occupies the rear of the home with views toward the golf course or the surrounding hills, along with a double-vanity bath, soaking tub, and walk-in closet. The secondary bedrooms are well proportioned, not the tight 10x10 rooms you see in cheaper tracts of the same vintage.

Renovation patterns in The Masters Series follow a predictable arc. Sellers who have owned since the early 2000s have typically addressed the kitchen and the primary bath, often adding quartz or granite countertops, new cabinetry, and updated appliances. The homes that have had full renovations show exceptionally well and compete with newer construction on a finish basis. Lots in this small tract are generally modest in size relative to some of the larger North Ranch custom parcels, but most provide enough room for a pool, patio, and planted yard. Buyers should be aware that exterior configuration from home to home is fairly consistent, but interior conditions vary widely depending on the upgrade history of each specific property.

What Is It Like to Live in The Masters Series?

Saturday morning in The Masters Series has a pace to it that is hard to replicate at lower price points in the Conejo Valley. By 7:30 AM the streets are quiet. You might hear a sprinkler system cycling off, or catch the distant sound of a golf cart rolling along the adjacent North Ranch Country Club fairway. Dog walkers move through without urgency. There are no through-traffic patterns here because these streets do not go anywhere beyond the neighborhood. That insularity is deliberate and it defines the daily feel of the place.

The neighbors are largely professionals and empty nesters, with a contingent of families who chose this pocket specifically because of the school feeds. You will not find the density of young children that you see in Lang Ranch or some of the Village Homes sections, but the Halloween turnout is solid and the street-level socializing among homeowners who have lived here for a decade or more is genuine. This is not a transient neighborhood. People stay. The lot sizes and the absence of an HOA mean that residents make their own choices about landscaping, exterior improvements, and how they use their outdoor space, and for the most part those choices are tasteful.

For day-to-day errands, the Russell Ranch Road commercial corridor is roughly 1.5 to 2 miles from the core of the neighborhood. Gelson's Market in Westlake Plaza handles premium grocery needs with a full-service deli, fresh sushi counter, and a wine bar. Trader Joe's anchors the same general zone for everyday staples. For a casual dinner you can walk right into The Stonehaus on Agoura Road, which is arguably the most beloved gathering spot in Westlake Village, a wine-focused patio venue surrounded by bocce courts and comfortable outdoor seating that perfectly matches the relaxed energy of this neighborhood. The Landing Grill and Sushi Bar on Lindero Canyon Road is a reliable weeknight standby for residents who want something between takeout and a real sit-down experience.

Noise is worth addressing directly. The homes that back toward the golf course enjoy genuine quiet. The trade-off is that Valley Spring Drive itself carries moderate local traffic during morning and evening commute windows, and homes with frontage closer to the entry of the tract are modestly more aware of that. It is not a deal-breaker by any stretch, but it is a real nuance worth factoring into which specific home you target within the tract. The tree canopy along the back streets is mature, the landscaping is established, and the overall sensory experience of walking through this neighborhood is one of calm, order, and money spent quietly rather than loudly.

The Masters Series Market Snapshot

The Masters Series sits at a natural sweet spot in the Westlake Village market. With no HOA dues and direct golf course adjacency, these homes attract buyers who have moved past the condo and townhome segment but are not yet ready to step into the $3M-plus custom home territory that defines the upper North Ranch market. That positioning creates consistent demand from a specific buyer type, which tends to keep inventory tight and days on market shorter than the broader Westlake Village average.

The table below reflects current market conditions as of the publication of this guide. Given that the broader Westlake Village market is running at a median around $1,650,000, Masters Series pricing in the $1.5M to $2.5M range reflects a meaningful but justified premium for the North Ranch location and the detached, no-HOA structure of these homes.

MetricValue
Current Median PriceApprox. $1,800,000 – $2,000,000
Typical Days on Market20 – 45 days (condition dependent)
Price Trend (Last 12 Months)Modestly appreciating, up roughly 4% – 6%
Typical Buyer ProfileMove-up families, empty nesters, golf-lifestyle buyers
Inventory LevelTight (rarely more than 1-2 active at any time)

This is a seller's market by any reasonable measure. With approximately 35 homes in the tract and turnover that typically produces only two to four sales per year, buyers waiting for a large selection will wait a long time. Fully renovated homes here move quickly and frequently attract multiple offers within the first two weeks. Original-condition homes take longer, often 30 to 45 days, as buyers price in renovation costs and negotiate accordingly. Compared to the broader Westlake Village market, The Masters Series tends to hold value well through market corrections because the underlying land value and location scarcity provide a floor that generic production neighborhoods don't have.

Who Should Look in The Masters Series?

Move-up families stepping into North Ranch for the first time. If you have been in a Westlake Village condo or townhome and you want to make the jump to a detached single-family home with real square footage, a backyard, and the CVUSD school feeds that come with a North Ranch address, The Masters Series is one of the most financially accessible entry points into this corridor. You get the zip code, the schools, and the golf course lifestyle without needing a $3.5M budget.

Empty nesters consolidating from a larger estate. I work with buyers in this category regularly. They are coming out of a 4,500-square-foot custom North Ranch home with a pool that requires a full-time maintenance budget, and they want something that feels equally refined but demands less. The Masters Series at 2,400 to 3,200 square feet with no HOA and low-maintenance landscaping is a natural landing spot. The quality is there, the neighborhood is familiar, and the absence of stairs in some single-level configurations is a practical consideration that matters at this life stage.

Golf-lifestyle buyers who want proximity without club membership obligations. Not everyone who wants to live next to a championship golf course wants to join the club. The Masters Series delivers daily views of the North Ranch Country Club fairways and the quiet that comes with backing up to open green space, without requiring a membership deposit or monthly dues. For buyers who play casually or simply value the aesthetic and the buffer that golf course adjacency provides, this is an ideal configuration.

Investors and second-home buyers seeking a premium rental asset. The Conejo Valley's long-term rental market for North Ranch homes in the $6,500 to $9,000 per month range is supported by the executive relocation market, the entertainment industry corridor, and the consistent demand from families who want the CVUSD school system. A well-maintained Masters Series home rents effectively and carries well as a long-term hold given the land value trajectory of the North Ranch area.

Pros and Cons of The Masters Series

  • No HOA dues. Zero monthly overhead. No approval committees for exterior improvements. Complete ownership autonomy.
  • Golf course adjacency. Direct proximity to the North Ranch Country Club 27-hole championship course provides views, open space buffer, and a daily quality-of-life premium.
  • CVUSD school feeds. Westlake Elementary, Colina Middle, and Westlake High School are among the top public schools in Ventura County.
  • Genuine square footage for the price. At 2,400 to 3,200 square feet, these homes deliver real livability. The floor plans function well and the primary suite sizes are generous.
  • Detached single-family homes. No shared walls, no shared driveways, no stacked HOA governance. True detached ownership in a premium location.
  • Tight inventory creates strong resale value. With only roughly 35 homes and turnover of two to four sales per year, scarcity works in your favor when it comes time to sell.
  • Quiet cul-de-sac street configuration. Most homes sit on low-traffic streets with no meaningful through traffic. The daily noise environment is notably calm.
  • Mature neighborhood character. Established landscaping, mature trees, and a settled community of long-term owners give the neighborhood a stability that newer developments lack.
  • 1988 construction mechanics require monitoring. Original-condition homes may be carrying aging HVAC systems, older roofing, and plumbing that will need attention. Budget for deferred maintenance in your offer strategy.
  • Limited inventory means limited choice. When you are ready to buy, you may find only one or two options on the market. Buyers who need a specific configuration may wait months for the right home to appear.
  • Not a walkable neighborhood for daily errands. The North Ranch corridor requires a car for grocery runs, school drop-off, and most daily tasks. If walkability is a priority, the south side of Westlake Village serves that better.
  • Homes with Valley Spring Drive frontage carry more traffic noise. Not all lots are equal. Homes positioned closer to Valley Spring Drive notice more ambient traffic noise than those tucked deeper into the cul-de-sac streets.

Schools Serving The Masters Series

  • Westlake Elementary School (Grades K–5)
  • White Oak Elementary School (Grades K–5)
  • Lang Ranch Elementary School (Grades K–5)
  • Colina Middle School (Grades 6–8)
  • Westlake High School (Grades 9–12)
  • School District: Conejo Valley Unified School District (CVUSD)

CVUSD is consistently ranked among the top public school districts in California, and the North Ranch assignment pathway feeding into Westlake High School is one of the primary reasons buyers in this price range choose this corridor over comparable home values in neighboring Thousand Oaks neighborhoods that feed into different high schools. Westlake High regularly produces strong AP and college placement outcomes, and the middle and elementary schools in the pathway carry the same culture of academic expectation. Parents I work with at this price point are typically well-informed about school rankings before they ever call me, and the CVUSD feed is frequently the deciding factor that closes the gap between Westlake Village and other Conejo Valley markets. For families considering private or parochial options, St. Jude the Apostle School in Westlake Village and Viewpoint School in Calabasas are the most commonly referenced alternatives among buyers in this neighborhood.

Nearby Amenities and Local Favorites

Grocery

  • Gelson's Market — Westlake Plaza, approx. 1.8 miles. The premium grocery anchor for the neighborhood. Full deli, sushi counter, wine bar.
  • Trader Joe's — approx. 2.0 miles. The everyday staples go-to for most Masters Series households.
  • Ralphs (North Ranch Mall, 3963 E. Thousand Oaks Blvd.) — approx. 1.2 miles. Convenient for quick runs and pharmacy needs.

Coffee & Cafes

  • Novo Cafe (30770 Russell Ranch Rd.) — approx. 2.0 miles. A local independent with a loyal following among Westlake professionals.
  • The Royal Egg Cafe (30815 Thousand Oaks Blvd.) — approx. 1.5 miles. Popular weekend breakfast destination for the North Ranch set.

Restaurants

  • The Stonehaus (32039 Agoura Rd.) — approx. 2.5 miles. Wine bar, bocce courts, and one of the best outdoor patio experiences in the Conejo Valley.
  • The Landing Grill and Sushi Bar (32123 Lindero Canyon Rd.) — approx. 2.0 miles. A reliable North Ranch area dinner staple.
  • Lure Fish House (30970 Russell Ranch Rd.) — approx. 2.2 miles. Well-regarded for fresh seafood in a comfortable setting.
  • Los Agaves (30750 Russell Ranch Rd.) — approx. 2.0 miles. Consistently the best Mexican food option in the area.

Parks & Trails

  • North Ranch Trails Network — Trailheads accessible from Valley Spring Drive area. The Wishbone Trail, White Sage Trail, and Skelton Canyon Trail all originate within a short drive and provide multi-use hiking in the hills above the neighborhood.
  • North Ranch Playfield (Bowfield Street) — approx. 0.5 miles. The closest neighborhood park with open grass and parking.
  • Westlake Village Community Park and YMCA — approx. 2.0 miles. Full-service park facility with athletic fields, a YMCA branch, and trail access.

Fitness

  • North Ranch Country Club (4761 Valley Spring Dr.) — literally adjacent to the tract. Golf, tennis, fitness, and dining for members. The proximity is the main event.

Shopping & Medical

  • Westlake Plaza Shopping Center — approx. 1.8 miles. Anchored by Gelson's with boutique retail, services, and dining.
  • Los Robles Regional Medical Center (Thousand Oaks) — approx. 4 miles. The primary hospital serving the Conejo Valley.

What to Expect When Buying in The Masters Series

Buying in The Masters Series requires patience and preparation in equal measure. With only two to four homes selling per year in a tract of roughly 35, you may find yourself waiting for the right property to appear rather than choosing among several active listings. When a well-presented, updated home does hit the market here, it typically draws serious attention within the first two weeks. I have personally seen multiple-offer situations in this pocket, particularly when a renovated home is priced in the $1.7M to $1.9M range and there are qualified buyers in the market who have been watching North Ranch inventory for months. Sellers know their leverage. Buyers should arrive pre-approved and with a realistic read on value before the first showing.

From an inspection standpoint, 1988 construction in this price range typically requires careful due diligence. Items I tell my buyers to focus on: roof condition (original tile roofs from this era can approach the end of their serviceable life), HVAC systems (dual-zone systems from the original installation are often 15-plus years old and may be at replacement stage), and any deferred maintenance on the pool and spa equipment where those exist. Galvanized supply lines are not common in homes of this vintage in this price point because most were originally built with copper, but it is worth confirming. Aluminum branch wiring is similarly uncommon but not unheard of in late 1980s California construction. A thorough home inspection from a qualified inspector is non-negotiable here regardless of how well-presented the home is.

On the financing side, these homes appraise reliably because comparable sales within the North Ranch corridor are plentiful enough to support valuations in the $1.5M to $2.5M range. Jumbo loan products are the norm at this price point, which means buyers need a lender experienced in the jumbo market rather than a volume conventional shop. Closing costs in California on a $1.8M transaction, including title, escrow, lender fees, and county transfer tax, typically run in the $25,000 to $40,000 range depending on financing structure. There is no HOA transfer fee, which is a meaningful savings compared to HOA-governed tracts. Negotiating dynamics in this market tend to be more relationship-driven than adversarial. Sellers at this price point are generally sophisticated, and overly aggressive lowball strategies backfire more often than they succeed. Come prepared, come reasonable, and bring your broker who actually knows the neighborhood.

Frequently Asked Questions About The Masters Series

Is The Masters Series a good investment?

Yes, for the right buyer profile. The combination of a North Ranch location, no HOA, CVUSD school feeds, and genuine scarcity (only about 35 homes) creates a durable value proposition. These homes have historically held value well through Conejo Valley market cycles, and the absence of HOA dues means your total monthly cost of ownership is lower than comparable HOA-governed tracts at similar price points.

What are the HOA fees in The Masters Series?

There are no HOA fees in The Masters Series. This tract has no homeowners association, which means no monthly dues, no CC&R compliance reviews, and no approval processes for exterior modifications. It is one of the primary draws for buyers who are weighing this neighborhood against other North Ranch options that do carry HOA overhead.

How are the schools in The Masters Series?

The Masters Series feeds into the Conejo Valley Unified School District, one of the top-performing public school districts in California. The primary pathway runs through Westlake Elementary, Colina Middle School, and Westlake High School. Westlake High consistently produces strong academic outcomes and has a well-regarded athletics and arts program. For many buyers, the school feed is the deciding factor in choosing this neighborhood over others in a similar price range.

Is The Masters Series family-friendly?

It is family-capable more than family-saturated. The neighborhood has a mix of families with school-age children, empty nesters, and professional couples without kids. The cul-de-sac street configuration is genuinely safe for children, the nearby North Ranch Playfield provides outdoor space close by, and the school feeds are excellent. Families choosing this neighborhood typically do so with intention, not by default.

How close is The Masters Series to the 101 Freeway?

The 101 Freeway is approximately 3 to 4 miles from The Masters Series, accessible via Lindero Canyon Road or Kanan Road as your primary southbound on-ramps. The drive from the neighborhood to the freeway on-ramp typically takes 8 to 12 minutes depending on time of day. For buyers commuting toward Calabasas, the Valley, or downtown Los Angeles, this is an important part of the daily calculus.

What's the commute to Los Angeles from The Masters Series?

Under normal traffic conditions, the drive from North Ranch to the 405/101 interchange in Sherman Oaks runs approximately 35 to 45 minutes. During peak morning commute, that number can push to 50 to 60 minutes. Many Masters Series residents who work in Los Angeles use the commute time as a deliberate trade for the quality of life that the Westlake Village area delivers. Remote work has meaningfully changed the daily commute calculus for buyers in this price range over the past several years.

Does The Masters Series have a pool?

There is no community pool in The Masters Series because there is no HOA to maintain shared amenities. Some individual homes have private pools, and those that do carry a meaningful market premium. If a private pool is a requirement for your search, you will want to filter specifically for that feature when inventory becomes available, as not all 35 homes have them.

How does The Masters Series compare to other North Ranch tracts?

The Masters Series sits in a distinct position: larger and more refined than the attached townhome communities in North Ranch, but more accessible in price than the custom estate neighborhoods that define the upper end of the corridor. It competes most directly with the Ben Johnson Fairway Duplexes and select Parkwood Estates homes at the lower end of those tracts' price ranges. The no-HOA feature is the most meaningful differentiator compared to almost every other North Ranch option at a comparable price point.

Similar Communities to The Masters Series

If The Masters Series is on your list, there are a handful of nearby Westlake Village and North Ranch neighborhoods worth understanding in context. Some offer similar price points with different trade-offs (HOA amenities, attached versus detached, lot size), while others let you spend more or less depending on your priorities. Here is how the most relevant nearby communities compare.

  • Ben Johnson Fairway Duplexes — Similar because: the same $1.5M to $2.5M price band with direct golf course adjacency; the key difference is attached duplex-style construction rather than fully detached.
  • Three Springs — Similar because: North Ranch pricing and prestige at $1.75M to $3M, with larger custom-style homes and mountain views for buyers ready to move up in budget.
  • Parkwood Estates — Similar because: $1.5M to $3M price range in a hillside Westlake Village setting with diverse floor plans and strong resale history.
  • Windward Shores — Similar because: premium Westlake Village pricing in the $2M to $3M range for buyers who want waterfront or lake-adjacent living as an alternative to golf course proximity.
  • Village Homes — Similar because: detached single-family homes in Westlake Village at $1.2M to $2M, with more of a family-neighborhood character and HOA amenities including pool and courts.
  • Foxmoor Homes — Similar because: broad price range from $1.1M to $2.8M with single-story options available and a Westlake Village hill setting that appeals to buyers who want views.
  • Westlake Bay Townhomes — Similar because: a step down in price at $800K to $1.3M for buyers who want the Westlake Village address with lake access but are not yet at the detached single-family price point.
  • Watergate Townhomes — Similar because: $750K to $900K range for buyers building equity in Westlake Village before moving up to a detached home like The Masters Series.
  • Village Green Townhomes — Similar because: $550K to $700K entry into the Westlake Village market with HOA amenities, for buyers earlier in the move-up cycle.
  • Westpark Condos — Similar because: $300K to $600K is the most accessible price point in Westlake Village proper, making it the natural starting point for buyers whose long-term target is a neighborhood like The Masters Series.

Davis Bartels is the founder of the DB Real Estate Group with Pinnacle Estate Properties (CA DRE #00905345). He has personally closed nearly 1,000 transactions in the Conejo Valley since 2009 and consults on residential sales, investment purchases, 1031 exchanges, and estate-level real estate strategy. DRE #01933814.

Last updated: 2026-04-17

Considering The Masters Series?

Whether you're buying, selling, or quietly watching the market, I'm happy to share what I'm seeing in The Masters Series right now. No pressure, just honest guidance.

Text or call Davis: (805) 341-6125  |  davisbartels.com