The growing buzz across Lake Sherwood, Westlake Village, and Thousand Oaks is about the acquisition of the Sherwood Lake Club by renowned Southern California developer Rick Caruso (developer of Palisades Village, The Promenade at Westlake, Calabasas Commons and The Rosewood Miramar).
Yes, Caruso purchased the Sherwood Lake Club in February 2026 under an LLC, and has alleged plans to develop a Miramar Club like Montecito’s Rosewood Hotel. His team is already breaking ground on changes to the clubhouse and pitching pool relocation to give the club a more family-friendly feel. While completion timelines have not been formally shared, the conversation alone is significant, and in luxury real estate perception often moves markets before paperwork does.
At the Lydia Gable Realty Group, we’re keeping an eye on what this could mean for homeowners, buyers, and sellers throughout the Conejo Valley.
Why This Story Matters
Lake Sherwood is already one of the most exclusive enclaves in Westlake Village and Ventura County, in a private, guard-gated community centered around a historic reservoir and championship-level golf course.
Sherwood Lake Club at 341 Williamsburg Way in Thousand Oaks is a carefully sculpted, Jack Nicklaus designed “Bear’s Best”, 18-hole, par-3 golf course where guests also enjoy tennis, swimming, and dining in a private picturesque setting.
When a developer like Caruso is even rumored to be involved in an area, it signals potential elevation of lifestyle, branding, and long-term property values.
Caruso’s crew has already broken ground on renovation for a larger clubhouse with an Italian-themed restaurant, a new bar, and an upgraded gym. The pool is set to be relocated to open up more outdoor space. The Real Deal reported that Caruso is considering a new name for the members-only club. Any ideas?
What Caruso Typically Brings to a Community
Caruso’s track record gives us insight into what could happen at Sherwood Lake Club:
Elevated Luxury Experience
Hospitality-driven amenities
Impeccable design and landscaping
Highly curated, resort-style environments
Stronger Market Positioning
National and international buyer attention
Increased demand from luxury and high-net-worth buyers
A shift from “exclusive” to destination-level prestige
Long-Term Value Creation
Caruso projects are typically not short-term flips, they are long-term holds designed to appreciate over time, often benefiting surrounding residential real estate.
Potential Unwanted Changes
Some residents also express concern about unwanted changes and losing their current “community feel”.
What This Means for Lake Sherwood Homeowners and Sellers
If this development moves forward, the good news is homeowners in Lake Sherwood could see:
Increased buyer demand
Upward pressure on home values
Enhanced lifestyle appeal within the community
In luxury real estate, amenity-driven communities outperform over time, and this would be a major step in that direction. For sellers:
Buyers are already paying attention and inquiring about future upside
Inventory remains limited in Lake Sherwood
Thinking About Buying or Selling in Lake Sherwood?
As the #1 real estate team in Conejo Valley, Lydia Gable Realty Group has local expertise in:
Lake Sherwood luxury homes
Westlake Village gated communities
Thousand Oaks estates, large lot and view properties
Read what one of our happy clients had to say about their Lake Sherwood move here
Reach out to Lydia Gable for:
Lake Sherwood homes for sale
Off-market opportunities (Compass Private Exclusives and Coming Soon)
A Lake Sherwood custom home valuation
Insight into how this story could impact your property
FAQ
Did Rick Caruso buy Sherwood Lake Club?
Yes, public records confirm the transaction took place in February 2026 under an LLC. Caruso said the purchase “came together very quickly” after the club had been owned by David H. Murdock until his passing in June 2025.
Will Lake Sherwood home prices increase?
Luxury markets often respond early to high-profile investment interest, which can increase demand and pricing. It is soon to say until the development plans are complete, but based on past Caruso developments, the Sherwood Lake Club should see luxury improvements.
Is Lake Sherwood a good investment in 2026?
Limited inventory, strong lifestyle appeal, and potential future enhancements make it one of the more desirable luxury markets in Conejo Valley. Read what one of our happy clients had to say about their Lake Sherwood move here.
