
Oceanside, California 92057
This Brand New Next Gen® Estate is a Stunning Move-In Ready Home listed at $1,374,900—positioned below the $1,396,146 Fair Market Value by 1%. This valuation provides $21,246 in Instant Equity for a residence with a Brand New Condition Rating. The functional 3,866 sqft floorplan includes a Next Gen® suite for independent living and a California Room for entertaining. Located in the North River Farms masterplan, residents enjoy resort-style amenities and views of open green space. This is a premier sanctuary for multi-generational families or lifestyle-focused buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 120 Alethea Way Subject | $1,354,900* List Price | 4 | 5 | 3,866 | $350 | - |
A 130 Mellano Way Sold | $1,295,000 | 4 | 4 | 3,494 | $371 | 0.2 mi |
B 5556 Alethea Sold | $1,249,900 | 4 | 4 | 3,209 | $389 | 0.0 mi |
C 5536 Dora Way Sold | $1,098,900 | 4 | 4 | 3,049 | $360 | 0.1 mi |
D 125 Mellano Way Sold | $1,089,590 | 4 | 4 | 2,928 | $372 | 0.2 mi |
E 5555 Alethea Way Sold | $1,299,900 | 4 | 4 | 3,652 | $356 | 0.0 mi |
F 5522 Dora Way Sold | $1,127,311 | 4 | 4 | 2,928 | $385 | 0.2 mi |
G 290 Hadley Way Active | $1,409,900 List Price | 4 | 4 | 3,335 | $423 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is brand new construction, built in 2025, and is part of a master-planned community. The images, representing a model home, showcase a modern aesthetic with high-quality finishes throughout. The kitchen features contemporary light grey shaker cabinets, white quartz countertops, a stylish subway tile backsplash, and new stainless steel appliances. Bathrooms are equally modern with updated vanities, fixtures, and tiling, including a luxurious freestanding tub in the master. Flooring is a mix of new wood-look planks and fresh carpeting. All systems, including cooling/heating and electrical, are new and meet current standards, indicating no deferred maintenance and minimal physical depreciation. The 'Next Gen' suite with its own kitchenette further enhances its modern appeal and functionality.
Built in 2025, this home offers modern design, energy efficiency, and the peace of mind of no immediate maintenance or renovation needs.
Features a unique separate suite with its own entrance, living area, kitchenette, and bedroom, perfect for extended family, guests, or potential rental income.
Residents enjoy access to a wealth of community amenities including multiple pools, a recreation center with gym, lounge, conference room, picnic areas, fitness center, and pickleball courts.
The property incurs a notable monthly association fee of $360.00, which adds to the overall cost of homeownership.
As a new master-planned community, it is highly probable that the property will be subject to Mello-Roos taxes, increasing the annual property tax burden.
The disclaimer that 'Photos or renderings may be of the Model Home and not the actual home' suggests potential variations between marketing visuals and the final property, which could impact buyer expectations.
This two-story Next Gen® home features a separate suite with a separate entrance, living area, kitchenette and bedroom for seamless independent living. It features a secluded office is located off the entry, and an open-concept floorplan on the first floor boasts access to a California Room for effortless entertaining and leisure. The owner’s suite is nestled into a private corner at the back of the home. A versatile bonus room is located on the second floor near two secondary bedrooms. There is also a spacious 3 car garage and driveway. The community has wide streets and sidewalks and ample street parking. Walk to: parks, pools, recreation center with gym, lounge, and conference room, extensive trail system, lawns, viewpoint park, hilltop Mahogany is a collection of new and spacious two-story homes now selling at the North River Farms masterplan in Oceanside, CA. Select plans will feature Lennar’s signature Next Gen® suite, complete with a separate entrance, living space, bedroom, bathroom, kitchenette and laundry room. An extensive trail system weaves throughout the community, and residents will enjoy access to onsite amenities, including picnic areas, swimming pools, a fitness center, pickleball courts and much more. Photos or renderings may be of the Model Home and not the actual home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 5.0 | 2.0 | 99% |
| Square foot | 3,866 | 1,592 | 98% |
| Lot Size | - | 5,813 | 11% |
| Price | $1.35M | $867.5K | 95% |
| Price per sq ft | $350 | $473 | 6% |
| Built year | 2025 | 1988 | 94% |
| HOA | $360.0 | $139 | 75% |
| Days on market | 88 | 167 | 21% |
Apr 3, 2026
$1,354,900
$1,374,900
-1% Price Drop
Initial Listing
Jan 24, 2026
$1,374,900
Initial Listing