[5][6] The original Timber School was demolished in 1925, but the current building had already been erected a year before, immediately in front of the old schoolhouse.

The current Timber School House was designed in Mission Revival architectural style by Roy C. Wilson, Ventura County's first licensed architect.

[8] Until its establishment in 1889, students of Timberville (now Newbury Park, California) attended classes at the Grand Union Hotel, located a few hundred yards east from the schoolhouse.

[14][15] It was originally constructed on land that belonged to Cecil Arthur Entwisle Haigh, the owner of the Grand Union Hotel.

[14] In December 1888, Haigh sold two acres of his land for a new school, at the present day corner of Kelley and Newbury Roads.

[17][18] In June 2023, MBK Rental Living announced it has purchased the 7.1-acre site for the development of a 218-unit luxury multifamily community.

[19] In 2015, the developer, Daylight Thousand Oaks LLC, purchased the 10-acre (4.0 ha) site from Conejo Valley Unified School District for $8.9 million.

[7] After submitting and withdrawing a plan containing "two hotels and restaurants",[2] the developer submitted a plan containing 210 apartments (26 designated affordable) and a 120-room hotel in mid-2019 and won pre-approval and residential unit allocation under 1996's Measure E (which restricts the area's growth by establishing a maximum number of buildable units[20]) from the Thousand Oaks City Council.

[7] However, nearby residents have expressed disapproval of the current plan, citing parking issues, view-obstruction, and the project's density.