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101 Lustro, Irvine, California 92602, Irvine, 92602 - 4 bed, 5 bath

101 Lustro, Irvine, California 92602 home-pic-0
ACTIVE$4,800,000
101 Lustro, Irvine, California 92602
4Beds
5Baths
3,554Sqft
7,045Lot
Year Built
2021
Close
-
List price
$4.8M
Original List price
$4.8M
Price/Sqft
$1,351
HOA
$320
Days on market
-
Sold On
-
MLS number
OC25151149
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s), Neighborhood
Patio
ViewCity Lights,Mountain(s),Neighborhood

About this home

Possibly Over-Priced:The estimated price is 13% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.80M(89th), sqft - 3554(74th), beds - 4(50th), baths - 5(60th).

Discover the rare front view home in Reserve Orchard Hills, featuring the expansive Ravello Plan 3X, the largest and best model in the community. This luxurious residence boasts four bedrooms and four and a half bathrooms across 3,554 square feet. Nestled in Irvine Pacific's newest gated village, it occupies a coveted location surrounded by unspoiled open spaces at the highest point of Reserve at Orchard Hills. The home is a testament to Spanish Monterey architecture, with high ceilings and a California Great Room with panoramic sliding doors. It includes a first-floor suite with a living area and small kitchen, an outdoor living space, a built-in refrigerator, and upgraded kitchens and baths. Fine wood flooring and cabinetry add to the home's numerous upscale enhancements. Residents have access to community amenities such as pools, parks, hiking trails, and sports courts. The Reserve at Orchard Hills provides resort-like recreation, proximity to acclaimed Irvine Unified Schools like Northwood High School, and the convenience of nearby Orchard Hills Shopping Center.

Condition Rating
Excellent
This property, built in 2021, is virtually new and exemplifies luxury. The description highlights 'upgraded kitchens and baths' and 'fine wood flooring and cabinetry,' which are clearly visible in the images. The kitchen features modern stainless steel appliances, a large island, and contemporary white cabinetry. Bathrooms are equally modern with clean lines and high-quality finishes. All components appear new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Location & Views: The property is a rare front view home situated at the highest point of Reserve at Orchard Hills, offering coveted city lights, mountain, and neighborhood views, surrounded by unspoiled open spaces.
New Construction & Luxury Finishes: Built in 2021, this luxurious residence features upgraded kitchens and baths, fine wood flooring and cabinetry, a built-in refrigerator, and high ceilings, ensuring a modern and upscale living experience.
Spacious & Functional Layout: As the Ravello Plan 3X, the largest and best model in the community, it boasts 3,554 sqft with 4 bedrooms and 4.5 bathrooms, including a first-floor suite with a living area and small kitchen, and a California Great Room with panoramic sliding doors for indoor-outdoor living.
Exceptional Community Amenities & Gated Security: Located within Irvine Pacific's newest gated village, residents benefit from resort-like recreation with access to community pools, parks, hiking trails, and sports courts, enhancing lifestyle and security.
Top-Rated School District & Convenience: The home is zoned for acclaimed Irvine Unified Schools, including Northwood High School, and is conveniently located near the Orchard Hills Shopping Center, providing excellent educational opportunities and local amenities.

Cons

Overpriced Relative to Market Estimation: The current listing price is 13% higher than the property's estimated market value, which may deter potential buyers or suggest a need for price adjustment to align with market expectations.
High Monthly Association Fees: A monthly association fee of $320 adds a significant recurring cost to homeownership, which could be a consideration for budget-conscious buyers despite the extensive community amenities.
Lack of Private Pool/Spa: Despite being a luxury residence in a desirable climate, the property description does not mention a private pool or spa, which some buyers may expect at this price point, relying solely on community amenities.

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