The Colony was built from 1981 to 1987 on the flat land along Agoura Road, one of the attached communities that filled the last of the Los Angeles County side after the lake tracts. It was sold on its amenities — a gate, tennis courts, a pool and a spa — and on plans that were unusually generous for townhomes of the period: two-story entries, volume ceilings, balconies off the master suites, and two-car garages under each unit. The street names carry the theme.

The developer is not confirmed in any source Gary Jacobs has been able to verify; the marketing sheets in the archive carry the plan descriptions and artist’s renderings but no builder’s name in the copy that survives. What the record shows is about 130 units, two- and three-bedroom plans of 1,400 to 1,730 square feet on two or three levels, with pickleball added to the tennis courts in recent years and dues of $560 a month on 2025 sales (listings have reported $460 to $560).

Four plans are on file and reproduced below: Plan 1, a two-bedroom; Plan 2, a three-bedroom; Plan 3, a two-bedroom plus den; and Plan 4, a three-bedroom with the garage under. The sale record matches at 1,407 to 1,726 square feet, with the 1,610-square-foot and 1,726-square-foot three-bedrooms the most common; the MLS carries most units as three levels because the garage is under the living floor. The top of the record is $966,500 on Old Colony Way in October 2025 for a 1,610-square-foot three-bedroom, with $960,000 on the same street in January 2024 behind it.

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

Four streets inside the gate: Minute Man Way and Flintlock Lane, which carry eight of the twelve sales, Old Colony Way with three and Lexington Way with one. The courts and the pool are in the middle of the community; the units back onto each other or onto the greenbelt. The MLS records a lot of about twenty acres for each unit, which is the whole association’s land, not the unit.

The first reason is the package: a gate, tennis and pickleball, a pool and a two-car garage under a 1,600-square-foot townhome for a two-year median of $927,500 in the Las Virgenes district. The second is the plans, on file with the builder’s own descriptions, so a buyer knows the layout before the showing. The third is the location on Agoura Road, walking distance to the shops and five minutes from the freeway. The fourth is the record: twelve sales in a $300,000 band, which makes pricing a matter of plan and condition.

Listings report the fee at $460–$560 a month, with $560 on the 2025 sales. The fee carries the gate, the tennis and pickleball courts, the pool and spa, the buildings’ exteriors and roofs, the common grounds and, per listings, some of the utilities; the disclosure package says which.

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.

Los Angeles County side of Westlake Village, so Las Virgenes Unified: White Oak Elementary, Lindero Canyon Middle School and Agoura High School are the assignments listings give for this side of the city. Confirm the exact address with the district locator; the county line is also the district line, and it runs through the middle of the community.

Westlake Village runs on the lake and the promenade: the Landing and the Westlake Village Inn on the water, the shops and restaurants along Agoura Road and Westlake Boulevard, the YMCA, the community park, and Triunfo Creek and the Santa Monica Mountains trails within a few minutes. The Ventura Freeway crosses the middle of the community, and most tracts are five minutes from an on-ramp; the drive to the Westside is the same forty minutes to ninety it is from anywhere in the Conejo Valley.

The Ventura Freeway is the spine of the Conejo Valley, and this tract is a few minutes from an on-ramp. Errands are along Agoura Road, Westlake Boulevard and Lindero Canyon Road; the Westside is forty minutes on a good day and ninety on a bad one, and a buyer who commutes should time it at 7:30 in the morning before deciding.

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.

Four units sold through the MLS in the last two years (August to October 2025), at prices from $850,000 to $966,500 and a median of $927,500. The longer record is twelve sales since March 2020, from $655,000 to $966,500 with a median of $851,000. The top of the record is $966,500 on Old Colony Way in October 2025 for a 1,610-square-foot three-bedroom; $960,000 on Old Colony Way in January 2024 for a 1,658-square-foot three-bedroom. The bottom is $697,000 on Flintlock Lane in September 2020; $655,000 on Old Colony Way in March 2020.

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 The Colony; 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 1981 to 1987, 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. In attached communities add the association questions: who owns the roof, the exterior walls and the plumbing inside them, when the buildings were last repiped or reroofed, and whether the reserves are funded for the next round. Ask the association for the roof and plumbing history in writing.

In attached communities the remodel that pays is inside the walls: the kitchen opened to the living room, the baths, the floors, the windows where the association allows, and a laundry brought into the unit. What does not pay is anything the association will not approve or that the next buyer cannot see from the listing photos. Check the rules before the plans.

The comparison is the other attached communities of Westlake Village. Hidden Canyon, 1985 to 1988 on the Ventura County side, is 860- to 1,435-square-foot units at a median of $659,000 with dues of $307 to $567 a month. Westlake Pointe, 1986 to 2023 behind a gate on this side, is larger 2,300-square-foot townhomes at a median of $1,177,500. Westlake Cove, 1996 behind a gate, is 2,200- to 2,550-square-foot townhomes at a median of $1,382,500. Watergate, 1971 on the lake side, is 1,131-square-foot single-level units at a median of $785,000. The Colony sits between Hidden Canyon and Westlake Pointe, with the courts as its distinction.

Start with the association package, because at this price the dues are the largest variable: the budget, the reserve study for the roofs and the courts, the insurance certificate and the minutes. Then the plan, from the sheets, and whether the stairs suit the buyer; there is no single-level plan. Then the unit, with the inspector briefed for the 1980s and asked about polybutylene supply lines by name for the 1985 to 1987 buildings. Then the position, courtside or quiet.

First-time buyers first, for the Las Virgenes district behind a gate under $1,000,000. Downsizers second, who can manage the stairs and want the courts. Investors third, for the tenant pool the schools create, subject to the association’s leasing rules.

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 remodel from the city and the association. Confirm the school assignment for the exact address.

For a seller, the comparable is the same plan, and the top of the record — $966,500 — is the renovated unit in the better position. 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.