111 Orbit, Irvine, California 92618, Irvine, 92618 - 4 bed, 5 bath

111 Orbit, Irvine, California 92618 home-pic-0
ACTIVE$3,650,000
111 Orbit, Irvine, California 92618
4Beds
5Baths
3,473Sqft
5,174Lot

Price Vs. Estimate

The estimated value ($3,207,451.41) is $442,548.59 (12%) lower than the list price ($3,650,000). This property may be overpriced.

Key pros and cons

Top Pros:
Brand New Luxury Construction: Built in 2024, this is a brand-new, top-tier luxury home in Portola Springs, offering modern design, the latest building codes, and minimal immediate maintenance.
Top Cons:
Significant Price Discrepancy: The current list price of $3.65M is considerably higher than the property's estimated value ($3.2M) and recent comparable sales in the same subdivision, suggesting a potential overvaluation.

Compared to the nearby listings

Price:$3.65M vs avg $2.30M (+$1,350,500)89%
Size:3,473 sqft vs avg 2,781 sqft80%
Price/sqft:$1.1K vs avg $84096%

More Insights

Built in 2024 (1 years old).
Condition: This is a brand-new home built in 2024, featuring high-end kitchen appliances (Sub-Zero, Wolf), elegant wood flooring throughout, and modern upgraded bathrooms with showers. The property boasts paid-off solar panels and a professionally designed backyard, indicating all components are new, meet current quality standards, and have no deferred maintenance.
Year Built
2024
Close
-
List price
$3.65M
Original List price
$3.42M
Price/Sqft
$1,051
HOA
$183
Days on market
-
Sold On
-
MLS number
OC25080891
Home ConditionExcellent
Features
Good View: None
View-

About this home

CIELO PLAN 3-The most luxury home in all new constructions of Portola Springs in Irvine! CORNER LOT! Breathtaking VIEWS from ALL 4 bedrooms and loft! Extra large backyard! The ONLY model that features a downstairs Next-gen SUITE (living room+full bathroom+bedroom)! This BRAND-NEW stunning 2-story single family home spans 3,473 sq. ft. and features 4 bedrooms, 4.5 bathrooms, and a versatile loft. The home boasts a dramatic 20-foot soaring ceiling in the living room, enhancing its grandeur. Upgrades include elegant wood flooring throughout, an epoxy-coated garage floor, and a professionally designed and constructed backyard, perfect for entertaining. The kitchen is equipped with high-end appliances, including a Sub-Zero built-in refrigerator and a Wolf stove and oven. All bathrooms have been upgraded with modern showers in place of tubs. The home also includes SOLAR panels (paid-off by owner) and a convenient downstairs Next-gen SUITE. Located in the prestigious Irvine School District, near the highly-rated Portola High School, this residence offers luxury, comfort, and excellent educational opportunities. Don’t miss this exclusive chance to own a top-tier home in Irvine!---Furniture and decor are negotiable---

Condition Rating
Excellent

This is a brand-new home built in 2024, featuring high-end kitchen appliances (Sub-Zero, Wolf), elegant wood flooring throughout, and modern upgraded bathrooms with showers. The property boasts paid-off solar panels and a professionally designed backyard, indicating all components are new, meet current quality standards, and have no deferred maintenance.
Pros & Cons

Pros

Brand New Luxury Construction: Built in 2024, this is a brand-new, top-tier luxury home in Portola Springs, offering modern design, the latest building codes, and minimal immediate maintenance.
Unique Next-Gen Suite: Features the only model with a downstairs Next-gen SUITE (living room + full bathroom + bedroom), providing exceptional flexibility for multi-generational living or guest accommodation.
High-End Upgrades & Features: Boasts extensive upgrades including elegant wood flooring, high-end kitchen appliances (Sub-Zero, Wolf), a dramatic 20-foot soaring ceiling, and a professionally designed backyard.
Panoramic Views & Corner Lot: Offers breathtaking views from all four bedrooms and the loft, complemented by the advantages of a corner lot, providing more natural light, space, and privacy.
Premium Location & School District: Located in the prestigious Irvine School District, near the highly-rated Portola High School, ensuring excellent educational opportunities and a desirable community.

Cons

Significant Price Discrepancy: The current list price of $3.65M is considerably higher than the property's estimated value ($3.2M) and recent comparable sales in the same subdivision, suggesting a potential overvaluation.
Limited Bathtub Availability: All bathrooms have been upgraded with modern showers in place of tubs, which may not appeal to all buyer demographics, particularly families with young children.
Potential for Higher Property Taxes: As a brand-new construction, the property will likely be assessed at its full purchase price, leading to a higher annual property tax burden compared to older homes in the area.

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