Lake Sherwood is an unincorporated community of about 1,500 residents in Ventura County overlooking the Lake Sherwood reservoir. It is south of Thousand Oaks and west of Westlake Village, off of Potrero Road, accessible via Westlake Boulevard on the east and Wendy Drive and Reino Road in Newbury Park on the west.
In 1985, billionaire businessman David Murdock bought the dry Lake Sherwood lake bed and surrounding property. His Ventura Farms and Lake Sherwood Ranch are on the old F. W. Matthiessen property in Hidden Valley. Murdock developed the community with over 650 homes in three gated neighborhoods along with the Sherwood Country Club and Sherwood Lake Club. The lake is now privately owned and is not open to the general public.