The lake itself is a reservoir, formed by a dam across the Potrero valley early in the twentieth century, and the name came from Hollywood: the valley stood in for Sherwood Forest in the silent-era Robin Hood pictures, and the name stayed. The cabins and lake houses of the 1920s through the 1960s grew up along the shore and the roads above it, and the country club, the gates and the modern tracts came in the late 1980s and 1990s, when the surrounding ranch land was developed around a Jack Nicklaus course. Every community at the lake is unincorporated Ventura County with the Conejo Valley Unified schools, and most carry Westlake Village or Lake Sherwood mailing addresses.

The club and the community were developed together from the late 1980s, with the Jack Nicklaus course opening at the end of that decade and the recorded sales dating the houses from 1992 to 2024. The developer is not confirmed in any source Gary Jacobs has been able to verify. What the record shows is a community of about 329 parcels behind guard gates: townhomes and courtyard houses on the smallest lots, production and semi-custom houses on a quarter to half an acre, and custom estates on one to ten acres, with controlled access and security carried as the amenities and dues that listings report from $542 to $780 a month in the attached sections and $711 to $3,900 a quarter in the estate sections.

The record spans every kind of house behind the gates. At the top, $11,000,000 on Queens Garden Drive in May 2025 for an 8,785-square-foot five-bedroom finished in 2024 on three-quarters of an acre, and $10,000,000 on Elderoak Road in June 2023 for a 9,304-square-foot six-bedroom from 1993 on 1.1 acres. At the bottom, $2,100,000 on Swanfield Court in April 2023 for a 3,251-square-foot three-bedroom townhome, and $2,450,000 on West Stafford Road in April 2020 for a 6,139-square-foot single-story four-bedroom before the run-up. Twenty-six of the fifty-nine are four-bedroom houses and twenty-three are five-bedroom; thirteen of the fifty-nine are single story, at a median of $4,850,000.

No plan sheet for Sherwood Country Club 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 3,025 to 9,304 square feet, median 5,303, with four bedrooms in 26 of the 59, five in 23, six in six, and thirteen of the 59 recorded sales are single story.

Calbourne Lane carries ten of the fifty-nine sales, Queens Garden Drive eight, West Stafford Road seven, Munnings Way six and Stafford Road five, with Hampstead Court, Calbourne Court, Williamsburg Way and a dozen other courts and ways carrying the rest. The sections differ: the courtyard and townhome streets near the clubhouse, the fairway streets around the course, and the estate roads on the hillsides and toward the lake. The lots run from about 3,300 square feet to twelve acres, median about six-tenths of an acre, and the fairway lots and the lake-view lots are the top of the record.

The first reason is the club: a Jack Nicklaus course inside guard gates, with the houses arranged around it, which nothing else in the region offers. The second is the range: a $2,100,000 townhome and an $11,000,000 estate inside the same gates, so an owner can move up without moving out. The third is the single-story stock, thirteen of fifty-nine sales. The fourth is the lake next door and the Potrero valley around it.

Listings report the fee at $542–$780 a month and $711–$3,900 a quarter; the most recent sale, in September 2026, reported $2,458 a quarter. The master association fee carries the guard gates and their staffing, the private streets and the common landscaping, and an architectural review of new construction and exteriors; the townhome and courtyard sections carry their own fees on top for the buildings’ exteriors and grounds. The Sherwood Country Club itself, its course, clubhouse and tennis, is a separate private club with its own membership; no association fee includes 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.

Lake Sherwood is unincorporated Ventura County in the Conejo Valley Unified district: Westlake Elementary or Westlake Hills Elementary, Colina Middle School and Westlake High School are the assignments listings give. Confirm the exact address with the district locator; the drive to any school is east on Potrero Road.

The club is in the middle of the community for members, and the lake is next door with its own lake club. Everything else is east on Potrero Road. Lake Sherwood runs on the lake and the club: the private lake with its docks, the Sherwood Country Club and its Jack Nicklaus course for members, the Sherwood Lake Club on the water, and the Potrero Road drive east to Westlake Boulevard for everything else. The shops at Westlake Boulevard and Agoura Road are about ten minutes, the Ventura Freeway fifteen, and the drive to the Westside is the same forty minutes to ninety it is from anywhere in the Conejo Valley, plus the ten minutes in from the gate.

The gates open onto Potrero Road, which runs east to Westlake Boulevard in about ten minutes and to the Ventura Freeway in about fifteen. Errands are at Westlake Boulevard and Agoura Road; the Westside is forty minutes on a good day and ninety on a bad one, plus the drive in from the gate.

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.

In the two years through September 2026, 22 homes in the tract sold through the MLS, at prices from $3,375,000 to $11,000,000 and a median of $5,987,500. Going back to April 2020, 59 sales are on record, from $2,100,000 to $11,000,000 with a median of $5,100,000. The top of the record is $11,000,000 on Queens Garden Drive in May 2025 for an 8,785-square-foot five-bedroom; $10,000,000 on Elderoak Road in June 2023 for a 9,304-square-foot six-bedroom. The bottom is $2,450,000 on W Stafford Road in April 2020; $2,100,000 on Swanfield Court in April 2023. Single-story homes account for thirteen of the 59 sales, at a median of $4,850,000.

Fifty-nine sales in six years across a range this wide is several markets rather than one. What the record supports is a floor near $2,100,000 for a townhome, a band from $3,000,000 to $4,500,000 for a production house on a fairway or courtyard lot, a band from $5,000,000 to $7,500,000 for the larger semi-custom and custom houses, and a top above $10,000,000 for a new or fully rebuilt estate on acreage, which reset in 2023 and again in 2025. Single-story houses, thirteen of the fifty-nine, trade at a median of $4,850,000. 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. Estate leasing here is occasional and private, and the association’s leasing rules apply.

These homes date from 1992 to 2024, and the inspection carries the 1990s list: original systems at end of life, tile-roof underlayment approaching the end of its span, failed dual-pane seals, and for 1990 to 1994 the possibility of polybutylene supply lines. 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 1990s 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 guard-gated estate communities of the Conejo Valley and the rest of the lake. North Ranch’s Country Club Estates, 1988 to 2013, is 5,372- to 16,702-square-foot houses on one to ten acres at a median of $5,325,000 with dues of $1,850 to $2,950 a quarter. The Lake Sherwood lakeside streets, outside the gates, trade at a median of $4,150,000 with the water as the premium. Sherwood North Shore, 1993 to 2008, is 2,222- to 3,887-square-foot gated houses at a median of $2,500,000. Sherwood Country Club trades with Country Club Estates at the median and spans more of the market than any other community in the Conejo Valley.

Start with the section, because the townhome streets, the fairway streets and the estate roads are three markets with three fee structures. Then the parcel: the title report for every association that attaches, the county for fire mapping, and an insurance quote early. Then the house, individually built in most sections and individually inspected, briefed for its own year, with a geotechnical engineer on the hillside lots and the pool and outbuildings checked against the permit history. Then the club: membership is separate from ownership, and a buyer who wants it should ask about it before the offer rather than after.

Estate buyers first, comparing the community with North Ranch’s Country Club Estates and choosing the course and the lake over the shorter drive. Golfers second, for the fairway streets. Buyers relocating third, for whom a guard-gated club community in the Conejo Valley district is the brief.

For a buyer, start with the section and the parcel, take the title report for every association that attaches and the disclosure packages for each, and brief the inspector for the house’s own year. Pull the permit history of the house, the pool and every outbuilding from the county. Confirm the school assignment for the exact address.

For a seller, the comparable is the section, the parcel and the house together, and the top of the record — $11,000,000 — is a new house on a fairway lot. Price to the section and the age of the house, say the lot, the view and the club in the first lines of the listing, and let the condition argue for the top of the band.