120 Parkland Alley, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 4 bath
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Lake Forest, California 92630
This Luxury Toll Brothers Residence is a Move-In Ready Sanctuary listed at $1,928,000—positioned below the $1,942,182 Fair Market Value by 1%. This competitive pricing offers $14,182 in Instant Equity for a nearly brand-new 2023 build. Featuring an Excellent Condition Rating, the home offers mountain and park views, a gourmet kitchen with upgraded cabinetry, and a versatile three-story layout. Located within the Saddleback Valley Unified district, it provides access to elite resort-style community amenities. This is an ideal match for growing families or Owner-Occupants seeking modern sophistication.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 120 Parkland Alley Subject | $1,928,000* List Price | 5 | 4 | 2,786 | $692 | - |
A 360 Riverbend Sold | $2,388,000 | 5 | 5 | 3,209 | $744 | 0.2 mi |
B 208 Pinnacle Sold | $1,826,550 | 5 | 4 | 2,708 | $675 | 0.8 mi |
C 63 Berna Sold | $1,925,000 | 5 | 4 | 2,547 | $756 | 0.8 mi |
D 215 Bryce Run Sold | $1,550,000 | 4 | 4 | 2,545 | $609 | 0.8 mi |
E 220 Holliston Sold | $1,850,000 | 4 | 4 | 2,641 | $700 | 0.2 mi |
F 200 Sierra Madre Active Under Contract | $1,950,000 List Price | 5 | 5 | 2,968 | $657 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2023, making it a nearly brand-new Toll Brothers construction. It features modern architectural designs such as three-story high ceilings, upgraded kitchen cabinetry, contemporary flooring, and high-end finishes throughout. All major systems, including HVAC and electrical, are new and meet current energy-efficiency standards, with no deferred maintenance or physical depreciation visible.
As a 2023 build by Toll Brothers, the home features contemporary architectural elements like three-story high ceilings and high-end finishes, ensuring a turnkey experience with modern energy efficiencies.
The floor plan is highly functional, offering a rare downstairs guest bedroom and bathroom, a master suite with a private retreat, and a third-floor family room that serves as an ideal secondary entertainment hub.
The south-facing orientation maximizes sunlight throughout the day, while the third-floor balcony provides elevated views of the surrounding mountains and community parkland.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3500, living area = 2786.
With a lot size of only 3,500 square feet for a nearly 2,800 square foot home, the private yard space is minimal, which may be a drawback for buyers prioritizing large outdoor areas.
The three-story configuration necessitates frequent stair usage to access the primary family room and outdoor balcony, which may not suit buyers looking for a more traditional or accessible layout.
Park and Mountain View New Home you must see! In the Parkland The Meadows Toll Brothers brand new community. This is a south-facing house which will be awakened by the first ray of morning light until the sun sets. The community clubhouse is within walking distance, club house, swimming pool and a convenient and comfortable living experience is waiting for you. At the entrance, the three-story high ceiling design makes the interior more transparent and bright, creating a warm and comfortable atmosphere. The intelligent space planning divides the first floor into two areas: dynamic and quiet living room, dining room and kitchen on one side. The kitchen area is equipped with a convenient storage room, and all upgraded cabinet and the attention to detail is shown. The downstairs guest bedroom and bathroom with window on the right provide a quiet and comfortable resting place. Second floor, the master bedroom and three guest bedrooms are distributed on the left and right sides, independent of each other without interfering. The master bedroom also features a separate retreat that can be used as an office or to relax, allowing you to combine work and play at home without distractions. The design of the double vanity basin in the master bathroom reflects the careful attention to details. The third floor is an open-plan family room and outdoor balcony, which can enjoy the beautiful scenery of the mountain and Park view in the distance. Equipped with a separate bathroom, it becomes an excellent place for family and friends to gather and relax. Here you can enjoy the beautiful scenery, let you relax and enjoy a carefree life. This is a sunny and inviting home waiting for a new owner. Come see it today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 4.0 | 3.0 | 75% |
| Square foot | 2,786 | 2,196.5 | 80% |
| Lot Size | 3,500 | 5,276.5 | 14% |
| Price | $1.93M | $1.38M | 83% |
| Price per sq ft | $692 | $679 | 56% |
| Built year | 2023 | 1978 | 96% |
| HOA | $256.0 | $132 | 82% |
| Days on market | 95 | 175 | 31% |
Feb 28, 2026
$1,928,000
$2,000,000
-4% Price Drop
Initial Listing
Jan 17, 2026
$2,000,000
Initial Listing