127 Merit, Irvine, California 92618, Irvine, 92618 - 4 bed, 5 bath

127 Merit
Irvine, California 92618
Property Price
SUMMARY
Analysis of 127 Merit, Irvine, California 92618 is currently available with a list price of $2,160,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is a brand-new 2025 construction, meeting the highest standards for the 'excellent' category. It features a modern open-concept kitchen with a full suite of built-in appliances and a large island, spa-inspired bathrooms, upgraded flooring, and contemporary fixtures throughout. As a new build, all mechanical, electrical, and plumbing systems are new with no deferred maintenance or physical depreciation.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Corner Lot
Situated on a rare corner lot, this property features one of the largest private yards in the community, complemented by a California room and floor-to-ceiling sliding doors for seamless indoor-outdoor living.
- Multi-Generational Layout
The thoughtfully designed floor plan includes a highly desirable first-floor bedroom suite and a second-story loft, offering exceptional flexibility for guests, office space, or extended family.
- Modern New Construction
Built in 2025, this home offers the latest in contemporary design, featuring an open-concept layout, upgraded flooring, and a chef’s kitchen with a full suite of built-in appliances.
CONSRISKS & DEFICIENCIES
- Lack of Scenic Views
Despite its premium lot positioning, the property is noted to have no significant views, which may be a drawback for luxury buyers seeking park or city light vistas.
- Condominium Classification
While the home is a detached structure, its legal classification as a condominium may influence buyer perception regarding land ownership and specific financing requirements compared to traditional fee-simple homes.
About 127 Merit
A rare opportunity to own a two-story detached home in the newest Luna Park community! Sits on a corner lot with an unusually large yard and offers 4 bedrooms, 4.5 bathrooms, and a loft, this home offers exceptional privacy, abundant natural light, and one of the largest private yards in the neighborhood. The thoughtfully designed floor plan includes a highly desirable first-floor bedroom suite, ideal for guests or extended family. The main level has been enhanced with upgraded flooring, adding warmth and a clean, cohesive look throughout the living spaces. An open-concept layout connects the kitchen, dining area, and great room, creating a comfortable and functional setting for everyday living and entertaining. The kitchen is equipped with a full suite of built-in appliances, ample cabinetry, and a generous island, offering a modern, streamlined design that integrates naturally with the surrounding living areas. Its practical layout supports both casual meals and larger gatherings with ease. The living room opens to the California room through floor-to-ceiling sliding doors, making the space feel brighter, more open, and visually expanded. Upstairs, the home is anchored by a spacious primary suite with a dedicated retreat, offering a flexible area perfect for relaxation, reading, or quiet downtime. The primary bathroom features a spa-inspired design, complemented by a walk-in closet. Additional bedrooms on the second level are well-sized and thoughtfully arranged, with a loft that adds valuable flexible living space. Located just a short walk from the brand-new Luna Park, this home offers convenient access to parks, walking paths, and community amenities, combining modern design, a versatile layout, and a premium lot setting in one of Irvine’s newest residential communities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2025
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $240.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 5.0 | 3.0 | 93% |
| Square foot | 3,222 | 2,035 | 97% |
| Lot Size | - | 1,395 | 48% |
| Price | $2.16M | $1.38M | 97% |
| Price per sq ft | $670 | $699 | 38% |
| Built year | 2025 | 2021 | 73% |
| HOA | $240.0 | $240 | 50% |
| Days on market | 59 | 187 | 6% |
Pricing History
Listed for Sale
Feb 20, 2026
$2,160,000
$2,180,000
-1% Price Drop
Initial Listing
Price Change
Jan 7, 2026
$2,180,000
Initial Listing



































































