
Santa Ana, California 92705
This Stunning North Tustin Residence is a Strong Value Opportunity, listed at $1,595,000—positioned well below the $1,625,646 Fair Market Value by 1.88%. This valuation gap offers $30,646 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home boasts a resort-style backyard with a covered outdoor living pavilion and mature fruit trees. Located in the Tustin Unified School District, this property is an ideal fit for Owner-Occupants seeking a turnkey lifestyle or long-term investors prioritizing location and lot potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12312 Newport Subject | $1,545,000* List Price | 4 | 3 | 2,241 | $712 | - |
A 13851 Gimbert Sold | $1,372,000 | 3 | 2 | 1,841 | $745 | 0.3 mi |
B 13562 Emperor Sold | $1,700,000 | 3 | 2 | 2,329 | $730 | 0.6 mi |
C 1192 Foothill Boulevard Sold | $1,490,000 | 3 | 2 | 2,009 | $742 | 0.8 mi |
D 1752 Sierra Alta Sold | $1,825,000 | 6 | 3 | 2,365 | $772 | 0.8 mi |
E 14122 Elite Sold | $1,205,000 | 3 | 2 | 1,740 | $693 | 0.2 mi |
F 13981 Sandhurst Place Sold | $1,900,000 | 3 | 2 | 2,127 | $893 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1961, the property has undergone significant renovations and is exceptionally well-maintained. The bathrooms and interior finishes appear to be updated within the 5-15 year range, and the primary bedroom features modern custom cabinetry. While a window AC unit is visible in one room suggesting older or supplemental HVAC systems, the overall move-in ready condition and high-end outdoor living pavilion justify a 'Good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13600, living area = 2241.
The property features a resort-style backyard with a massive covered pavilion, full outdoor kitchen, fireplace, and a variety of mature fruit trees, offering an exceptional space for year-round entertaining.
Situated in the prestigious North Tustin area, the home provides access to the highly-rated Tustin Unified School District, including the award-winning Foothill High School.
The property is noted as having no specific views, which may be a disadvantage compared to other hillside residences in the North Tustin area that offer panoramic vistas.
Built in 1961, the home may require additional investment for modernizing original systems or layout elements to meet the expectations of contemporary luxury buyers.
**12312 Newport Avenue | Rare North Tustin Opportunity | 13,000+ Sq. Ft. Lot** Welcome to 12312 Newport Avenue, a 4-bedroom, 2.5-bath **single-story home on a 13,000+ sq. ft. lot** in desirable North Tustin. As lots shrink and two-story homes become more common, this property offers something increasingly rare: space, privacy, flexibility, and room to create. Two grand gates open to a half-circle driveway with parking for approximately 6–8 cars, plus a detached two-car garage, gated side parking for an RV or boat, and a tool shed. Inside, spacious living areas, tile flooring, fireplaces, and natural light create a comfortable setting. Single-story living is ideal for empty nesters, families with young children, or anyone who prefers life without stairs. Tile flooring is also well suited to Southern California's climate. One living room features a fireplace, perfect for reading or enjoying a cup of tea, and has also been used by the seller as an additional bedroom. The kitchen opens to the dining and family areas, while the primary suite and additional bedrooms offer flexibility. **With 13,000+ sq. ft. of land, there is room to grow.** Subject to County requirements and approvals, buyers can explore enclosing the courtyard as living space, expanding the primary suite toward the front, or enlarging the home's footprint. The backyard is built for entertaining, with a covered pavilion featuring a **BBQ, bar island, outdoor kitchen, fireplace, and ceiling fans**, plus a clay pizza oven. Enjoy *al fresco* dining among mature fruit trees offering lemons, limes, guavas, peaches, apples, grapefruit, avocados, and papayas. The yard may also offer potential for a pool or ADU, subject to approval. The price reflects the home's current condition and need for updates, giving buyers the opportunity to customize and potentially build equity. Love Irvine but not Irvine prices? North Tustin is next door, offering convenient access to Irvine's shopping, dining, employment centers, and freeways, while providing substantially more land and flexibility. The Newport Avenue location may also offer potential for an owner-user or permitted business use. Nearby are established businesses, private schools, Montessori programs, and a retirement community. Buyers should verify zoning and permitted uses with the appropriate agencies. **12312 Newport Avenue is more than a home—it is a canvas. Bring your vision.**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,241 | 1,531.136 |
| Lot Size | 13,600 | 6,702.356 |
| Price | $1.54M | $1.07M |
| Price per sq ft | $689 | $690 |
| Built year | 1961 | 1958 |
| HOA | $0 | $236 |
| Days on market | 55 | 51 |
Aug 29, 2026
$1,545,000
$1,595,000
-3% Price Drop
Initial Listing
Jul 16, 2026
$1,595,000
Initial Listing
Oct 29, 2004
$680,000
Public Record