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117 Oakstone, Irvine, California 92618, Irvine, 92618 - 4 bed, 3 bath

117 Oakstone, Irvine, California 92618 home-pic-0
ACTIVE$3,269,990
117 Oakstone, Irvine, California 92618
4Beds
3Baths
2,980Sqft
3,600Lot

Price Vs. Estimate

The estimated value ($3,055,567.51) is $214,422.49 (6%) lower than the list price ($3,269,990). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Views: Perched atop the highest point of the neighborhood, this residence offers breathtaking city and sunset views, a significant premium feature.
Top Cons:
Compact Lot Size: With a lot size of 3,600 sqft, the outdoor space is relatively limited for a luxury home of this scale and price point, potentially restricting extensive landscaping or recreational areas.

Compared to the nearby listings

Price:$3.27M vs avg $2.30M (+$970,490)83%
Size:2,980 sqft vs avg 2,781 sqft58%
Price/sqft:$1.1K vs avg $84097%

More Insights

Built in 2025 (0 years old).
Condition: This property is a brand new construction (built 2025) with a modern, open floor plan and high-end finishes throughout. The gourmet kitchen is equipped with top-tier Sub-Zero and Wolf appliances, and all bathrooms feature contemporary designs, new fixtures, and pristine tiling. There is no deferred maintenance, and all components meet current quality standards, aligning perfectly with the 'Excellent' criteria.
Year Built
2025
Close
-
List price
$3.27M
Original List price
$3.37M
Price/Sqft
$1,097
HOA
$190
Days on market
-
Sold On
-
MLS number
OC25173881
Home ConditionExcellent
Features
Excellent View: Hills
Patio
ViewHills

About this home

PRICE IMPROVEMENT! Stunning View Home at Olivewood in Portola Springs! Perched atop the highest point of the neighborhood, this designer residence offers breathtaking city and sunset views. Plan 2 showcases a modern and open floor plan with panoramic stacking doors that seamlessly connect indoor and outdoor living. The gourmet kitchen is a chef’s dream, featuring a Sub-Zero refrigerator, Wolf appliances, and a separate prep kitchen for effortless entertaining. Additional highlights include a downstairs bedroom or home office, a spacious bonus room, and high-end finishes throughout. Built by New Home Co., this home delivers luxury craftsmanship and thoughtful design. Located in the prestigious Irvine Unified School District, residents enjoy walking-distance access to Loma Ridge Elementary, scenic trails, and over 15 resort-style parks with pools, playgrounds, and more. Live elevated at Olivewood—where luxury meets lifestyle.

Condition Rating
Excellent
This property is a brand new construction (built 2025) with a modern, open floor plan and high-end finishes throughout. The gourmet kitchen is equipped with top-tier Sub-Zero and Wolf appliances, and all bathrooms feature contemporary designs, new fixtures, and pristine tiling. There is no deferred maintenance, and all components meet current quality standards, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Panoramic Views: Perched atop the highest point of the neighborhood, this residence offers breathtaking city and sunset views, a significant premium feature.
Brand New Construction & Luxury Finishes: Built in 2025 by New Home Co., the property boasts luxury craftsmanship, thoughtful design, and high-end finishes throughout, offering a move-in ready, modern living experience.
Gourmet Kitchen with Premium Appliances: The chef's dream kitchen features Sub-Zero and Wolf appliances, complemented by a separate prep kitchen, ideal for entertaining and culinary enthusiasts.
Prime Location & Community Amenities: Located in the prestigious Irvine Unified School District, with walking-distance access to Loma Ridge Elementary, scenic trails, and over 15 resort-style parks, enhancing lifestyle and family appeal.
Modern Open Floor Plan & Versatility: The modern, open floor plan with panoramic stacking doors seamlessly connects indoor and outdoor living, further enhanced by a versatile downstairs bedroom/office and a spacious bonus room.

Cons

Compact Lot Size: With a lot size of 3,600 sqft, the outdoor space is relatively limited for a luxury home of this scale and price point, potentially restricting extensive landscaping or recreational areas.
Recent Price Volatility: The property has experienced multiple price adjustments, including a significant reduction from its original list price, which could indicate initial overpricing or market resistance.
High Price Point: The multi-million dollar asking price positions this property in a very exclusive market segment, naturally limiting the pool of potential buyers.

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