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31015 Lexington Way, Westlake Village, CA 91361

$860K2bd · 3ba · 1,407 sqft
Lot 890,799 sqft•HOA $560/mo•Condominium•
Active
•33d on market•MLS# 226004292

Property Description

Welcome to The Westlake Colony, a highly desirable gated community in Westlake Village. You'll be impressed as soon as you walk through the front door of this beautifully updated home, with the vaulted ceilings, open floor plan and real wood flooring that adds a warm, sophisticated touch. The kitchen offers quartz countertops, stainless steel appliances, white shaker cabinets and tile backsplash. Other features include plantation shutters, double pane windows, fresh paint, including the fireplace and cabinet area in the living room with a new quartz countertop, automatic lighting in the dining area and entry, and new lighting in the powder room. A sliding glass door in the living room takes you to a gorgeous backyard, one of the larger in the complex. As you step outside you're greeted by a stunning display of lush plants, palm trees and a beautiful mountain view, perfect for relaxing and outdoor living. In the evening, turn on the Philips Hue lighting with app control to create the perfect ambience. Upstairs the extra large primary bedroom, with sitting/office/workout area, has a beautiful mountain view, balcony, ceiling fan, en-suite bathroom that has been remodeled with a new quartz countertop vanity, shower, lighting and Toto toilet and has a skylight. The second bedroom also has its own remodeled en-suite bathroom, balcony and ceiling fan. Other extras include a Nest thermostat system and Ring security system with cameras in front, side and backyard areas. The community features a sparkling pool, spa and tennis/pickleball court. Nearby you'll find many stores and smaller shops, a variety of grocery stores, lots of restaurants including Stonehaus, Crawford's Social, Mediterraneo, Coin & Candor at the 4 Seasons, Boccacio's on the lake and more. Costco and Target are not too far away.

Features & Amenities

Colony, TheFeeBuilt 1983

Property Details

Subdivision
Colony, The
Land Type
Fee
Year Built
1983
Property Type
Residential
Property Subtype
Condominium
Stories
2
Garage Spaces
2
Heating
Central Furnace, Natural Gas
Cooling
Central A/C
Flooring
Carpet, Wood/Wood Like
Roof
Clay Tile
City
Westlake Village
Zip Code
91361
County
Los Angeles
Listed byMorton Donovan, Janet K Morton·818-307-0026·janet@mortondonovan.com

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,348.63
Principal & Interest
Loan Amount
$688,000
Total Interest
$877,506
Total Payment Over 30 Years
$1,565,506
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Colony, The

This property is located in Colony, The, a community in Westlake Village. Explore more listings in this neighborhood to compare options and pricing.

View Colony, The Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

31015 Lexington Way, Westlake Village, CA 91361

Colony, The · Westlake Village · Condominium

$860K
Affordable Tier
Beds
2
Baths
3
Sqft
1,407
Lot
20.45 ac
Year
1983
$/Sqft
$611
Pool: Yes✓
Spa: Yes✓
View: mountain✓
Garage: 2-car✓

Listed 14.7% above the median closed sale of $750,000.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $860K· $611/sqft
Total list price
Closed comps
vs closed median $750K
+$110K (+14.7%)
Active comps
vs active median $779K
+$81K (+10.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $590
+$21 (+3.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
408 Via ColinasWestlake Village1986331,3321,332$529$705,00017773
959 Via ColinasWestlake Village1987331,3321,332$585$779,0001973
2150 Wimbledon CircleWestlake Village1979221,5400$649$1.00M3972
4695 Club View DriveWestlake Village1981231,6701,670$584$975,00010972
3740 Summershore LaneWestlake Village1974221,0960$601$659,0001870
Total: 5 · Average2.42.61,3941,444.667$589.6$823,60072.4
Median1,332$779,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
5742 Tanner Ridge AvenueWestlake Village198610/02/2026331,6450$969,000$964,000$5860.994871
3728 Summershore LaneWestlake Village197406/26/2026221,195490,351$675,000$650,000$5440.968370
951 Via ColinasWestlake Village198706/26/2026221,1871,187$625,000$612,500$5160.985869
873 Via ColinasWestlake Village198708/17/2026331,3321,332$749,000$758,854$5701.016567
3627 SummershoreWestlake Village197407/20/2026221,096490,351$775,000$750,000$6840.975467
Total: 5 · Average2.42.41,291245,805.25$747,070.8$747,070.8$580—61.6
Median1,195$750,000$750,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.