
Irvine, California 92618
This Turnkey Condominium in Portola Springs represents a Strong Value Opportunity, listed at $989,000—positioned above the $939,681 Fair Market Value. While priced at a premium, the property maintains a Condition Rating of 3, featuring a modern Granite Kitchen and Attached Two-Car Garage. Residents benefit from Top-Rated Schools like Portola Springs Elementary and access to resort-style community amenities. With its bright corner-unit layout and scenic Hills View, this residence offers a refined lifestyle for Owner-Occupants and first-time buyers seeking a move-in ready home in a prestigious Irvine community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 118 Borrego Subject 2 bd · 2 ba · 1,371 sqft · $685 | $989,000* List Price | 2 | 2 | 1,371 | $685 | - |
A 33 Silverado Sold 2 bd · 2 ba · 1,239 sqft · $674 · 0.3 mi | $835,000 | 2 | 2 | 1,239 | $674 | 0.3 mi |
B 135 Pathway Sold 2 bd · 2 ba · 1,440 sqft · $668 · 0.3 mi | $962,000 | 2 | 2 | 1,440 | $668 | 0.3 mi |
C 142 Firefly Sold 3 bd · 4 ba · 1,513 sqft · $681 · 0.2 mi | $1,030,000 | 3 | 4 | 1,513 | $681 | 0.2 mi |
D 85 Kestrel Sold 3 bd · 3 ba · 1,584 sqft · $751 · 0.8 mi | $1,190,000 | 3 | 3 | 1,584 | $751 | 0.8 mi |
E 151 Silverado Sold 2 bd · 2 ba · 1,736 sqft · $565 · 0.1 mi | $981,000 | 2 | 2 | 1,736 | $565 | 0.1 mi |
F 102 Trailblaze Sold 2 bd · 2 ba · 1,369 sqft · $789 · 0.7 mi | $1,080,000 | 2 | 2 | 1,369 | $789 | 0.7 mi |
G 119 Excursion Sold 3 bd · 3 ba · 1,597 sqft · $767 · 0.6 mi | $1,225,000 | 3 | 3 | 1,597 | $767 | 0.6 mi |
H 184 Elkhorn Sold 2 bd · 3 ba · 1,304 sqft · $690 · 0.7 mi | $900,000 | 2 | 3 | 1,304 | $690 | 0.7 mi |
I 57 Silverado Active 2 bd · 2 ba · 1,621 sqft · $595 · 0.2 mi | $965,000 List Price | 2 | 2 | 1,621 | $595 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2013, this 13-year-old property falls within the 10-20 year age bracket. The interior is well-maintained and move-in ready, featuring a functional kitchen with granite countertops and stainless steel appliances, modern recessed lighting, and clean bathrooms that do not require immediate updates.
Elementary School: Portola Springs Elementary (9/10). Middle School: Jeffrey Trail Middle (9/10). High School: Northwood High School (9/10).
Situated in the prestigious Portola Springs community, the property offers access to award-winning Irvine Unified schools, including Portola Springs Elementary which is located less than a quarter-mile away.
As a corner unit, the home benefits from enhanced natural light and increased privacy, featuring a modern open-concept kitchen with granite countertops and a seamless flow to the living area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1371, other record living area = 1318.
The two-story configuration with all bedrooms located on the upper level may be a drawback for buyers seeking single-level accessibility or those with mobility concerns.
With a list price approaching $1 million for a two-bedroom condominium, the property represents a high price-per-square-foot entry point that may challenge budget-conscious buyers in the current market.
Discover bright, inviting living at 118 Borrego, a corner-unit condominium in the Agave neighborhood of Irvine’s Portola Springs community. Featuring 2 bedrooms, 2 bathrooms, and approximately 1,371 square feet of living space, this home combines an open layout with thoughtful everyday conveniences.The connected kitchen, dining, and living areas create a welcoming setting for everything from quiet evenings at home to gatherings with friends. Natural light enhances the living space, while recessed lighting adds a warm finishing touch. The kitchen features granite countertops, white cabinetry, stainless steel appliances, and a center island that provides additional workspace and a natural gathering spot. Its open connection to the dining and living areas keeps cooking, conversation, and entertaining comfortably together.Both bedrooms are located upstairs, offering separation from the main gathering areas. Step onto the private balcony to enjoy your morning coffee, unwind with a book, or take a relaxing break outdoors. Indoor laundry and an attached two-car garage with direct access add convenience to daily routines.Beyond the home, enjoy Portola Springs community amenities, including pools, a spa, playgrounds, and picnic areas—inviting spaces to spend time outdoors and make the most of the neighborhood. With its bright corner location, flowing living spaces, and access to community recreation, 118 Borrego offers a welcoming place to call home.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 1.6 mi
Grades 7-8 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,371 | 1,685.105 |
| Lot Size | - | 42,358.594 |
| Price | $989.0K | $1.21M |
| Price per sq ft | $721 | $740 |
| Built year | 2013 | 2010 |
| HOA | $360.0 | $280 |
| Days on market | 6 | 61 |
Oct 19, 2026
$989,000
Initial Listing
Jul 31, 2015
$530,000
Public Record
Dec 31, 2013
$501,500
Public Record