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114 Great Oak, Irvine, California 92602, Irvine, 92602 - 5 bed, 6 bath

114 Great Oak, Irvine, California 92602 home-pic-0
ACTIVE$6,982,000$5,144/sqft
Est. Value: $7,010,673
%
FairlyEstimate
114 Great Oak, Irvine, California 92602
5Beds
6Baths
5,144Sqft
14,500Lot

Price Vs. Estimate

The estimated value ($7,010,672.57) is $28,672.57 (0%) lower than the list price ($6,982,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exclusive Guard-Gated Community: Located within the prestigious 24-hour guard-gated Groves of Orchard Hills, offering enhanced security, privacy, and an exclusive lifestyle.
Top Cons:
High Price Point & Recent Reduction: The property carries a substantial list price of nearly $7 million, with a recent price reduction from its original listing, which may suggest market resistance or initial overpricing.

Compared to the nearby listings

Price:$6.98M vs avg $2.79M (+$4,188,000)95%
Size:5,144 sqft vs avg 3,096 sqft92%
Price/sqft:$1.4K vs avg $95895%

More Insights

Built in 2017 (9 years old).
Condition: This property, built in 2017, is virtually new and impeccably maintained. The gourmet kitchen features high-end, professional-grade stainless steel appliances, white shaker cabinetry, and pristine countertops. Bathrooms are luxurious with modern freestanding tubs, spacious glass-enclosed showers, and contemporary vanities. High-quality hardwood flooring is prevalent throughout, complemented by new-looking carpets and modern recessed lighting. All systems are well within their expected lifespan, and the overall aesthetic is one of timeless sophistication and luxury, with no signs of deferred maintenance.
Year Built
2017
Close
-
List price
$6.98M
Original List price
$7.38M
Price/Sqft
$1,357
HOA
$385
Days on market
-
Sold On
-
MLS number
OC25278692
Home ConditionExcellent
Features
Good View: Hills, Neighborhood
Patio
ViewHills, Neighborhood

About this home

Welcome to 114 Great Oak, a stunning residence that epitomizes refined living within the prestigious 24-hour guard-gated Groves of Orchard Hills. Set on a rare 14,500 square foot lot, this elegant estate spans over 5,144 square feet and offers 5 bedrooms and 5.5 bathrooms, thoughtfully designed to provide a seamless blend of luxury, functionality, and privacy. Step inside to discover an atmosphere of timeless sophistication, where soaring ceilings, expansive living spaces, and designer finishes create an ambiance of understated elegance. The open-concept floor plan flows effortlessly between the formal and casual living areas, highlighted by a gourmet chef’s kitchen, inviting great room, and walls of glass that open to the serene outdoors. The expansive backyard provides an exceptional canvas for entertaining and relaxation—ideal for creating a private resort retreat with ample space for a pool, outdoor kitchen, or lush gardens. Nestled on a quiet street, this home enjoys access to top-rated schools and an exclusive array of resort-style community amenities, including a sparkling pool, clubhouse, tennis courts, scenic parks, hiking trails, and year-round community events. 114 Great Oak is more than a home—it’s a statement of elegance, comfort, and Southern California living at its finest.

R
Roderic Stadelmann
Listing Agent

Price History

Date
Event
Price
05/11/18
Sold
$2,407,500
Condition Rating
Excellent
This property, built in 2017, is virtually new and impeccably maintained. The gourmet kitchen features high-end, professional-grade stainless steel appliances, white shaker cabinetry, and pristine countertops. Bathrooms are luxurious with modern freestanding tubs, spacious glass-enclosed showers, and contemporary vanities. High-quality hardwood flooring is prevalent throughout, complemented by new-looking carpets and modern recessed lighting. All systems are well within their expected lifespan, and the overall aesthetic is one of timeless sophistication and luxury, with no signs of deferred maintenance.
Pros & Cons

Pros

Exclusive Guard-Gated Community: Located within the prestigious 24-hour guard-gated Groves of Orchard Hills, offering enhanced security, privacy, and an exclusive lifestyle.
Luxurious & Expansive Living Space: A modern 2017-built residence spanning 5,144 sqft with 5 bedrooms and 5.5 bathrooms, featuring soaring ceilings, designer finishes, and a gourmet chef's kitchen.
Generous Lot with Customization Potential: Sits on a rare 14,500 sqft lot, providing an expansive backyard that serves as an exceptional canvas for creating a private resort retreat with a pool, outdoor kitchen, or lush gardens.
Resort-Style Community Amenities: Residents enjoy access to an exclusive array of resort-style community amenities, including a sparkling pool, clubhouse, tennis courts, scenic parks, and hiking trails.
Top-Rated School District: The property is situated within the highly desirable Tustin Unified School District, appealing to families seeking excellent educational opportunities.

Cons

High Price Point & Recent Reduction: The property carries a substantial list price of nearly $7 million, with a recent price reduction from its original listing, which may suggest market resistance or initial overpricing.
Ongoing Association Fees: A monthly association fee of $385 adds to the recurring costs of homeownership, which buyers will need to factor into their budget.
Additional Investment for Backyard Development: While the large lot offers significant potential, realizing the vision of a 'private resort retreat' with a pool or outdoor kitchen will require substantial additional investment from the buyer.
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