121 Panorama, Irvine, California 92618, Irvine, 92618 - 6 bed, 7 bath
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121 Panorama
Irvine, California 92618
ACTIVE
CONDITION: EXCELLENT
6Beds
7Baths
5,156Sq Ft
10,279Lot Size
Property Price
LIST PRICE$7,588,000
EST. MARKET VALUE
$7,903,573
3% BelowMARKET VALUE
SUMMARY
This Stunning Luxury Residence is a High-Potential Investment Opportunity, listed at $7,588,000—positioned well below the $7,903,573 Fair Market Value by 3%. This valuation gap offers $315,573 in Instant Equity for the buyer. Featuring an Excellent Condition Rating and $250,000 in high-end upgrades, this home offers a resort-style pool, panoramic views, and access to the award-winning Irvine Unified School District. It is the perfect fit for Luxury Homebuyers or Discerning Owner-Occupants seeking a turnkey, sophisticated lifestyle.
Estimated Market Value
$7,903,573+$315,573 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Irvine.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 Panorama Subject | $7,588,000* List Price | 6 | 7 | 5,156 | $1,533 | - |
A 104 Shady Arbor Active | $9,180,000 List Price | 7 | 6 | 6,697 | $1,371 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2016 and featuring $250,000 in recent high-end upgrades, this property is in mint condition. The gourmet kitchen with Wolf appliances, seven modern bathrooms, and updated systems like water purification and designer lighting meet the highest standards for a move-in ready luxury home.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Upgrades & Luxury Finishes
The property features approximately $250,000 in recent high-end seller upgrades, including Restoration Hardware designer lighting, custom window treatments, and a professionally designed garage gym, complementing the premium Toll Brothers construction.
- Elite Community & Top-Tier Schooling
Situated in the prestigious, 24-hour guard-gated Hidden Canyon community, the home offers resort-style amenities and exclusive access to the highly coveted, award-winning University High School.
- Exceptional Indoor-Outdoor Living
Boasting a desirable south-facing orientation with panoramic city light and mountain views, the estate seamlessly blends indoor spaces with a resort-style pool, outdoor pergola, and an upgraded California Room with automatic shades.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
- High Ongoing Carrying Costs
The property incurs a substantial monthly association fee of $650, which, combined with luxury-tier property taxes, results in high ongoing fixed expenses for the homeowner.
- Aggressive Premium Pricing
Listed at $7.588M, the asking price reflects a sharp increase from its 2023 sale price of $5.5M, which may test the upper limits of current market value and limit immediate appreciation potential.
About 121 Panorama
Welcome to 121 Panorama, an exceptional luxury residence in the prestigious 24-hour guard-gated Hidden Canyon community of Irvine. This Toll Brothers Marbella Collection home showcases Spanish Modern architecture, panoramic city lights and mountain views, and a desirable south-facing orientation. The thoughtfully upgraded interior features six en-suite bedrooms. The gourmet kitchen serves as a sophisticated centerpiece, featuring premium WOLF appliances, elegant cabinetry, generous counter space, and a large center island. Additional features include a water softener system, water purification system, and security system. The current seller has invested approximately $250,000 in additional upgrades, including RH designer statement lighting on the dramatic curved staircase, RH designer chandeliers, custom bedroom curtains, white wood shutters, HUNTER DOUGLAS roller shades, new carpet, and high-end finishes throughout. Designed for both everyday living and entertaining, the home offers seamless indoor-outdoor living with a beautifully landscaped backyard featuring a resort-style pool and elegant outdoor pergola, creating an inviting setting for al fresco dining and entertaining. The upgraded California Room, complete with automatic shades, extends the living space outdoors. A professionally designed garage gym adds another unique touch to this exceptional home. Residents of Hidden Canyon enjoy resort-style amenities including a community pool, spa, clubhouse, playgrounds, and jogging trails. Ideally located near Irvine Spectrum Center, Quail Hill Shopping Center, and Laguna Beach, and served by award-winning University High School. This rare six-en-suite-bedroom residence combines privacy, tranquility, and sophisticated design in one of Irvine's most sought-after guard-gated communities. From breathtaking views and resort-style amenities to thoughtfully curated interiors and seamless indoor-outdoor living, this property offers more than a home—it offers a lifestyle. Discover the exceptional and make 121 Panorama your dream home!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2016
- Lot Size
- 10,279 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $650.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 7.0 | 3.0 |
| Square foot | 5,156 | 2,517 |
| Lot Size | 10,279 | 4,991 |
| Price | $7.59M | $2.12M |
| Price per sq ft | $1.5K | $868 |
| Built year | 2016 | 1999 |
| HOA | $650.0 | $193 |
| Days on market | 23 | 53 |
Pricing History
Listed for Sale
Aug 17, 2026
$7,588,000
Initial Listing
Sold
May 26, 2023
$5,500,000
Public Record
Sold
Jun 8, 2017
$3,610,000
Public Record