Masters Series was built in 1988 and 1989, in the second wave of North Ranch, on the last of the land beside the country club above the 1979 Ben Johnson Fairway tract. The courts carry the golf naming of the club’s tracts — Canterbury, Southern Hills, Pine Valley, Saint Andrews, Blue Hill — and the name of the tract itself.

The developer is not confirmed in any source Gary Jacobs has been able to verify. What the record shows is a tract of about 116 houses of 2,117 to 3,346 square feet, three and four bedrooms, on lots of 5,200 to 17,100 square feet, with a greenbelt and maintained landscaping carried as the amenities and a fee of $360 a quarter on the most recent sale (listings have reported $340 to $360).

The record shows three plans. A single-story 2,297-square-foot three-bedroom, three of the thirteen sales, which holds the bottom of the record at $1,150,000 on Blue Hill Court in April 2023 and $1,200,000 on Coyote Wells Circle in July 2020, at a median of $1,200,000. A two-story 2,641-square-foot three-bedroom, the median plan, which holds the top at $2,000,000 on Canterbury Street in October 2023. And a two-story 3,346-square-foot four-bedroom, the largest, which sold for $1,900,000 on Shawness Court in November 2024. Eleven of the thirteen are three-bedroom houses; two are four-bedroom.

No plan sheet for Masters Series is in the Conejo Simi Moorpark Association of Realtors archive that this guide series draws on, so there is no drawing to reproduce. The sale record shows homes of 2,117 to 3,346 square feet, median 2,641, with three bedrooms in eleven of the thirteen, four in two, and three of the thirteen recorded sales are single story.

Seven courts and streets off the loop beside the club: Coyote Wells Circle and Canterbury Street carry four sales each, and Blue Hill Court, Southern Hills Place, Shawness Court, Pine Valley Place and Saint Andrews Place one each. The lots run from about 5,200 to 17,100 square feet, median about 7,000, and the lots against the club and the greenbelt are at the top of the record.

The first reason is the single-story plan, three of thirteen sales, at the bottom of the record and the top of the demand. The second is the club next door and the courts with no through traffic. The third is the age, 1988 and 1989, newer than the tracts below it. The fourth is value: a three-bedroom North Ranch house beside the club under $2,000,000 across the whole record.

Listings report the fee at $100 a month and $340–$360 a quarter, with $360 on the February 2026 sale. The fee carries the greenbelts and the common landscaping, and an architectural review of exteriors. The North Ranch Country Club is a separate private club; the fee does not include it.

What the association covers and what the CC&Rs restrict is not confirmed in any source Gary Jacobs has been able to verify. Take the budget, the reserve study, the insurance certificate and the CC&Rs from the seller’s disclosure package, read the minutes for any special assessment or litigation, and confirm the current fee with the manager before removing a contingency.

North Ranch is inside the City of Thousand Oaks and the Conejo Valley Unified district: Westlake Hills Elementary, Colina Middle School and Westlake High School are the assignments listings give for these streets. Confirm the exact address with the district locator, since the elementary boundary is not the tract boundary.

The North Ranch Country Club is next door, and the North Ranch Center at Kanan Road and Lindero Canyon Road is a few minutes away for groceries and errands. North Ranch is the country-club side of Westlake Village: the North Ranch Country Club and its courses in the middle, the North Ranch Center shopping at Kanan Road and Lindero Canyon Road for groceries, coffee and errands, the open-space trails up the hillsides behind the tracts, and the lake, the Landing and the Westlake Village Inn ten minutes down Westlake Boulevard or Lindero Canyon Road. The Ventura Freeway is ten minutes from most streets by either road, and the drive to the Westside is the same forty minutes to ninety it is from anywhere in the Conejo Valley.

Kanan Road runs south to the Ventura Freeway at the Agoura Hills interchange in about seven minutes. Errands are at the North Ranch Center; the Westside is forty minutes on a good day and ninety on a bad one.

The figures in this section were current when this guide was last reviewed. The sale record in the facts above and the listings below are drawn live from the MLS each time the page loads.

Five homes in the tract sold through the MLS in the last two years (October 2024 to February 2026), at prices from $1,250,000 to $1,900,000 and a median of $1,799,000. The longer record is thirteen sales since July 2020, from $1,150,000 to $2,000,000 with a median of $1,600,000. The top of the record is $2,000,000 on Canterbury Street in October 2023 for a 2,641-square-foot three-bedroom; $1,900,000 on Shawness Court in November 2024 for a 3,346-square-foot four-bedroom. The bottom is $1,200,000 on Coyote Wells Circle in July 2020; $1,150,000 on Blue Hill Court in April 2023. Single-story homes account for three of the thirteen sales, at a median of $1,200,000.

The shape of the six years is the same as the rest of the Conejo Valley: sharp appreciation from 2020 into 2022 and a band since, with the premium inside the band going to the plan, the lot, the view and the renovation. A record this short should be read as a range rather than a trend; Gary Jacobs keeps the full sale-by-sale history and can say where a given house sits in it.

No lease is recorded in the MLS sources this guide draws on, so it does not quote a rent for Masters Series; a current figure should come from the leasing agents who work these streets. Each association’s leasing rules — minimum terms, caps, pet rules — should be read before buying as an investment.

These homes date from 1988 to 1989, and the inspection carries the 1980s list: original furnaces and condensers at end of life, tile-roof underlayment nearing the end of its span, failed dual-pane seals, and for 1985 to 1989 the possibility of polybutylene supply lines, which a plumber should be asked about by name. Slope lots add drainage and retaining-wall questions that a general inspector will flag but a geotechnical engineer should answer; pools of this age often have original equipment and plaster. None of this is unusual; all of it is negotiable if it is found before the contingency comes off rather than after.

In a tract of this era the remodels that return their cost are the ones that bring a 1980s plan to the way people live now: the kitchen opened to the family room, the primary bath and closet, the floors and the glass, and, on the right lot, the pool. What does not return its cost is the addition that pushes the house past what the street will support; the record shows the top sales are renovated versions of the original plans on the better lots, not the biggest houses.

The comparison is the other small-lot tracts around the club. Ben Johnson Fairway, 1979 and 1980 below, is 1,932- to 2,898-square-foot houses at a median of $1,432,500 with a fee of $114 to $250 a quarter. Fairway Oaks, 1983 to 1986 on Rayburn Street, is 2,577- to 4,642-square-foot houses at a median of $1,860,000. Fairgreen, the 1983 townhomes beside the club, trades at a median of $1,480,000 with dues of $495 to $740 a month. Masters Series is a decade newer than Ben Johnson Fairway and trades a step above it for the same reasons: newer systems, larger plans and the single-story houses.

Start with the plan and level, because the single-story houses sell first and the 2,641-square-foot plan holds the top of the record. Then the lot: club side, greenbelt or interior. Then the house, with the inspector briefed on 1988 and 1989 and asked about polybutylene supply lines by name. Then the association package, small as it is, for the fee and the architectural rules, and the golf-course questions for a club-side lot.

Downsizers first, into the single-story plan, often from a larger North Ranch house. First-time North Ranch buyers second, choosing the address and the schools. Golfers third, for the club-side lots.

For a buyer, read the plan off the square footage and the level, take the association package from the disclosures before the inspection, and brief the inspector for the 1980s. Pull the permit history of any addition, pool or converted garage from the county. Confirm the school assignment for the exact address.

For a seller, the comparable is the same plan and level, and the top of the record — $2,000,000 — is the renovated house on the better lot. Price to the record for the plan, say the association fee and the school assignment in the first lines of the listing, and let the condition argue for the top of the band.