Westlake Village Neighborhood Guide

Terrace Townhomes

1973–1975 · about 62 townhomes on Saddle Mountain Drive and Meadow Oak Drive, above the south shore

Listing photo: Kathleen Smiley, Rodeo Realty · CSMAR MLS

Terrace Townhomes is a community of about 62 attached homes built in 1973 and 1975 on Saddle Mountain Drive, Meadow Oak Drive and nearby streets, on the ridge above the south shore of Westlake Lake next to Parkwood Estates. Most recent sales have been single-level three-bedroom homes of about 1,300 square feet. It is on the Los Angeles County side, in the City of Westlake Village and the Las Virgenes Unified School District.

Highlighted area is the footprint of Terrace Townhomes, drawn from the parcels in Los Angeles County records. Labels mark the other Westlake Village neighborhoods; click one to open its guide.

Not gatedTerrace Townhomes is not a gated community.

Where are the Terrace Townhomes?On Saddle Mountain Drive, Meadow Oak Drive, Jonquilfield Road, Tempe Way, Yager Way and Twin Lake Ridge, on the ridge above the south shore of the lake next to Parkwood Estates. They are in the City of Westlake Village (Los Angeles County), ZIP 91361.
When were they built?In two tracts: 20 homes in 1973 and 42 in 1975.
Who built them?The builder isn’t on record. The MLS lists the community as Terrace Townhomes-722.
How many homes?About 62.
How big are the homes?About 1,300 to 2,300 square feet. The 1975 section is mostly 1,297-square-foot single-level three-bedrooms; the 1973 homes are larger, about 1,565 to 2,030 square feet.
Is there a yard?A private atrium or patio. The rest is common area.
What are the HOA dues?$306 a month on the 2026 sales; listings since 2023 have shown $245 to $355. The association maintains the exteriors and common grounds. There is no gate.
Which schools?Las Virgenes Unified: White Oak Elementary, Lindero Canyon Middle School and Agoura High School.
What are homes selling for?4 sold between July 2025 and August 2026, from $850,000 to $1,225,000, with a median of $967,875.

Homes for sale and recently sold in Terrace Townhomes

Listings and sales inside the Terrace Townhomes outline on the map above, from the CSMAR multiple listing service. They update as agents post them.

For sale in Terrace Townhomes right now

Active listings inside the tract.

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In escrow in Terrace Townhomes

Under contract but not yet closed — the closest read on what buyers are paying today.

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Sold in Terrace Townhomes in the last two years

Closed sales inside the tract, newest first.

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The homes

The community

Terrace Townhomes was built as the attached-home section of the same hillside as Parkwood Estates: 20 homes in 1973, mostly on Meadow Oak Drive, and 42 in 1975, mostly on Saddle Mountain Drive. The homes have attached garages and private atriums, and many are on one level.

The floor plans

Four plans are on file: two single-level plans with two or three bedrooms and two two-story plans. The most common size in recent sales is 1,297 square feet—a single-level, three-bedroom, two-bath home.

Drawings on file for the tract. Other plans, elevations and options may have been offered.

Terrace Townhouses plan 1A-2, single level
Plan 1A-2. Single-level plan of about 1,573 square feet: master bedroom with dressing room and two baths at the front, living and dining rooms, kitchen, family room, a second bedroom off the atrium and an attached garage.
Terrace Townhouses plan 1B and C-3, single level
Plan 1B and C-3. Single-level plan of about 1,637 square feet: three bedrooms, with the master suite and its dressing room on one side, bedrooms two and three on the other, and the atrium between the living areas and the garage.
Terrace Townhouses plan 2D, two story
Plan 2D. Two-story plan of about 1,740 square feet: dining, living and family rooms, kitchen and powder room downstairs with the garage; master bedroom and one or two more bedrooms upstairs, drawn as 2D-3 and 2D-4.
Terrace Townhouses plan 2E, two story
Plan 2E. Two-story plan: dining and living rooms, family room and kitchen downstairs; master bedroom and bedroom two upstairs, drawn as 2E-3 and 2E-4.

Owning here

The association

The association maintains the building exteriors, roofs and common grounds. Dues have ranged from $245 to $355 a month since 2023 and were $306 on the 2026 sales. Ask for the budget, the reserve study and the master insurance policy.

Schools

Terrace Townhomes is in the Las Virgenes Unified School District: White Oak Elementary, Lindero Canyon Middle School and Agoura High School. Confirm the assignment for a specific address with the district.

Getting around

Triunfo Canyon Road leads to Lindero Canyon Road and Westlake Boulevard, each a few minutes from the 101. The lake and The Landing are close.

What to check in a 1970s home

Unrenovated units may have original supply lines, older panels and single-pane windows. The CC&Rs spell out what the association maintains and what the owner does.

Prices

Recent sales

4 homes sold between July 2025 and August 2026, from $850,000 to $1,225,000, with a median of $967,875. The 1,297-square-foot single-level three-bedroom sold three times in that stretch, from $922,500 to $1,225,000, depending on condition.

How it compares

Parkwood Estates, on the same ridge, has large detached homes for $2,000,000 and up. Summer Shores and Lakeshore, near the east end of the lake, are the other attached communities with Las Virgenes schools. Terrace Townhomes is one of the few places on the Los Angeles County side to find a single-level home under about $1,250,000.




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