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

123 Oakstone, Irvine, California 92618 home-pic-0
ACTIVE$3,800,888
123 Oakstone, Irvine, California 92618
4Beds
3Baths
2,870Sqft
3,800Lot

Price Vs. Estimate

The estimated value ($3,115,748.47) is $685,139.53 (18%) lower than the list price ($3,800,888). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Views: The property boasts breathtaking hillside, expansive west-facing city light, and ocean views, strategically positioned at the highest point in Portola Springs to maximize these captivating vistas.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3800, living area = 2870.

Compared to the nearby listings

Price:$3.80M vs avg $2.30M (+$1,501,388)90%
Size:2,870 sqft vs avg 2,781 sqft54%
Price/sqft:$1.3K vs avg $84099%

More Insights

Built in 2024 (1 years old).
Condition: This property was built in 2024 and boasts over $176,000 in upgrades, making it virtually brand new. The kitchen is chef-caliber with top-tier Wolf and SubZero appliances, quartz countertops, and Shaker cabinetry. Bathrooms are opulent and upgraded, featuring a freestanding soaking tub and a modern walk-in shower. High-end finishes like white-oak wide-plank flooring, designer carpet, and elegant lighting fixtures are present throughout, indicating no deferred maintenance and meeting the highest current quality standards.
Year Built
2024
Close
-
List price
$3.8M
Original List price
$3.95M
Price/Sqft
$1,324
HOA
$180
Days on market
-
Sold On
-
MLS number
NP25036324
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Panoramic
Patio
ViewCity Lights,Mountain(s),Panoramic

About this home

Experience the allure and functionality of the Plan 1 home at Olivewood, offering breathtaking hillside and expansive west ward city light and ocean views and approximately 2,870 square feet of thoughtfully designed living space. Completed in 2024 with more than $176,000 in upgrades, the spacious two-story design hosts four bedrooms and three baths, including a versatile first-floor bedroom. Finished with on-trend white-oak wide-plank wood flooring, designer carpet, elegant lighting fixtures, high ceilings, upgraded baths, and an owned solar system, the impressive design is open and bright. Only the best high-end appointments are featured, including a wall of sliding glass doors that open the great room to the backyard, where captivating views are showcased both day and night. The open-concept arrangement flows seamlessly to a chef-caliber kitchen with a large island, quartz countertops with a full backsplash, Shaker cabinetry to the ceiling, a walk-in pantry, and a large island with seating. Top-tier stainless steel appliances include a Wolf six-burner range, Wolf microwave, and a built-in SubZero refrigerator. A handsome staircase leads to the second floor, where you will discover spacious secondary bedrooms, an open loft, and a large laundry room with a sink and a walk-in linen closet. Positioned at the back of the home to maximize views, the opulent primary suite hosts an oversized walk-in closet, separate vanities, a soaking tub, and a separate shower. An attached two-car garage enhances the convenience factor. Olivewood is perched at the highest point in Portola Springs. Built by New Home Co., the neighborhood places you within minutes of top-ranked Irvine schools, including Portola High School, Loma Ridge Elementary School, and Sierra Vista Middle School. Miles of scenic trails, pickle ball courts, pools, kids area and more than 15 family-friendly, amenity-rich parks are moments from home, and Newport Beach, Tustin, and South Orange County are within easy reach of Olivewood.

Condition Rating
Excellent

This property was built in 2024 and boasts over $176,000 in upgrades, making it virtually brand new. The kitchen is chef-caliber with top-tier Wolf and SubZero appliances, quartz countertops, and Shaker cabinetry. Bathrooms are opulent and upgraded, featuring a freestanding soaking tub and a modern walk-in shower. High-end finishes like white-oak wide-plank flooring, designer carpet, and elegant lighting fixtures are present throughout, indicating no deferred maintenance and meeting the highest current quality standards.
Pros & Cons

Pros

Panoramic Views: The property boasts breathtaking hillside, expansive west-facing city light, and ocean views, strategically positioned at the highest point in Portola Springs to maximize these captivating vistas.
New Construction & Extensive Upgrades: Completed in 2024 with over $176,000 in high-end upgrades, including an owned solar system, premium flooring, designer lighting, and upgraded baths, offering a move-in ready luxury experience.
Gourmet Kitchen & High-End Appliances: Features a chef-caliber kitchen with a large island, quartz countertops, Shaker cabinetry, walk-in pantry, and top-tier Wolf six-burner range, Wolf microwave, and SubZero refrigerator.
Top-Ranked School District: Located within minutes of highly-rated Irvine schools, including Portola High School, Loma Ridge Elementary, and Sierra Vista Middle School, appealing to families.
Luxurious & Functional Layout: Thoughtfully designed 2,870 sqft layout with a versatile first-floor bedroom, open-concept living, a wall of sliding glass doors, and an opulent primary suite with an oversized walk-in closet and spa-like bath.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3800, living area = 2870.
High Price Point & Valuation Discrepancy: The current list price of $3.8M is significantly higher than the estimated property value and recent comparable sales in the same subdivision, suggesting a potential overpricing relative to market trends.
Compact Lot Size: With a lot size of 3,800 sqft for a 2,870 sqft single-family home, the outdoor space is relatively limited, which may not appeal to buyers seeking larger yards or extensive outdoor living areas.
Ongoing Association Fees: The property is subject to a monthly association fee of $180.0, adding to the overall cost of homeownership, which could be a consideration for potential buyers.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state