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

137 Oakstone, Irvine, California 92618 home-pic-0
ACTIVE$3,990,000
137 Oakstone, Irvine, California 92618
4Beds
3Baths
2,870Sqft
3,708Lot

Price Vs. Estimate

The estimated value ($3,688,060.14) is $301,939.86 (7%) lower than the list price ($3,990,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Panoramic Views: The property offers stunning panoramic views of city lights, sunsets, the New Port coastline, Fashion Island, and various natural landscapes (Catalina, Canyon, Hills, Mountains), enhancing its luxury appeal.
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 = 3708, living area = 2870.

Compared to the nearby listings

Price:$3.99M vs avg $2.30M (+$1,690,500)91%
Size:2,870 sqft vs avg 2,781 sqft54%
Price/sqft:$1.4K vs avg $84099%

More Insights

Built in 2024 (1 years old).
Condition: This property was built in 2024, making it brand new construction. The listing description highlights 'modern luxury,' 'top-of-the-line appliances,' 'upgraded countertop,' and 'high-end fixtures' in the kitchens and bathrooms. The images confirm a pristine condition throughout, featuring contemporary design, recessed lighting, modern flooring, and state-of-the-art finishes in all areas, especially the dual kitchens and elegantly designed bathrooms. There is no deferred maintenance or physical depreciation visible, aligning perfectly with the 'Excellent' condition criteria.
Year Built
2024
Close
-
List price
$3.99M
Original List price
$3.99M
Price/Sqft
$1,390
HOA
$180
Days on market
-
Sold On
-
MLS number
OC25041467
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Canyon, Park/Greenbelt, Hills, Mountain(s), Neighborhood, Panoramic
Patio
ViewCatalina,City Lights,Coastline,Canyon,Park/Greenbelt,Hills,Mountain(s),Neighborhood,Panoramic

About this home

A Luxurious Retreat with Breathtaking Views Welcome to 137 Oakstone Irvine in Portola Springs. Prime location cul de sec ! Stunning panoramic view of the city light and breathtaking sunsets, Nestled in the top of the city, this exquisite urban landscape property offers an unparalleled blend of modern luxury and natural beauty. this residence is the epitome of sophisticated living. Spacious and Elegant Interiors This magnificent villa boasts four spacious bedrooms, each designed with comfort and style in mind. The master suite features oversize windows, allowing residents to wake up to the dazzling city view and witness the absolute beauty of the sunset. Three elegantly designed bathrooms complete with high-end fixtures and offer unique views such as mountain views. Awe-Inspiring Living Spaces The first floor of the villa is designed to maximize both comfort and aesthetics. The open-concept living room, dining area, and kitchen create a seamless flow, perfect for both relaxation and entertainment. Large floor-to-ceiling windows flood the space with natural light, offering an unobstructed view of the cityscape and mesmerizing sunsets. Whether enjoying a quiet evening with family or hosting guests, the ambiance is nothing short of spectacular. At dusk, residents can gaze out over the New Port coastline and Fashion Island, while at night, they can take in the dazzling city lights from master bedroom. Dual Kitchen with Scenic Views This villa features a dual-kitchen design, catering to both convenience and style. The fully-equipped gourmet kitchen is a culinary enthusiast’s dream, featuring top-of-the-line appliances, upgraded countertop. Additionally, the secondary kitchen also offers scenic views, making every meal preparation a delightful experience. A Perfect Blend of Serenity and Urban Convenience The strategic design ensures privacy and tranquility while maintaining easy access to the vibrant urban lifestyle. Nearby, residents can find premium Spectrum shopping centers, fine dining establishments, and cultural attractions, all just minutes away. Easy to access freeway 241,5,and 133. This urban landscape villa is more than just a residence—it is a sanctuary of luxury, comfort, and breathtaking views. Experience the perfect balance of modern elegance and natural charm in the heart of the city.

Condition Rating
Excellent
This property was built in 2024, making it brand new construction. The listing description highlights 'modern luxury,' 'top-of-the-line appliances,' 'upgraded countertop,' and 'high-end fixtures' in the kitchens and bathrooms. The images confirm a pristine condition throughout, featuring contemporary design, recessed lighting, modern flooring, and state-of-the-art finishes in all areas, especially the dual kitchens and elegantly designed bathrooms. There is no deferred maintenance or physical depreciation visible, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Exceptional Panoramic Views: The property offers stunning panoramic views of city lights, sunsets, the New Port coastline, Fashion Island, and various natural landscapes (Catalina, Canyon, Hills, Mountains), enhancing its luxury appeal.
Brand New Construction & Modern Luxury: Built in 2024, this residence boasts modern luxury, sophisticated living, high-end fixtures, top-of-the-line appliances, and upgraded countertops, providing a move-in ready contemporary home.
Unique Dual Kitchen Design: Featuring a dual-kitchen setup with a fully-equipped gourmet kitchen and a secondary kitchen, both offering scenic views, this design caters to culinary enthusiasts and provides exceptional functionality for entertaining.
Prime Cul-de-Sac Location & Accessibility: Situated in a prime cul-de-sac location at the top of the city, the property offers privacy and tranquility while providing easy access to premium shopping centers, fine dining, cultural attractions, and major freeways (241, 5, 133).
Spacious & Open-Concept Interiors with Natural Light: The villa features four spacious bedrooms and an open-concept living room, dining area, and kitchen, creating a seamless flow. Large floor-to-ceiling windows flood the space with natural light and offer unobstructed city views.

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 = 3708, living area = 2870.
Listed Above Estimated Market Value: The listing price of $3.99 million is 7% higher than the estimated property value of $3.688 million, suggesting an aggressive pricing strategy that may require negotiation or deter some buyers.
Ongoing Association Fees: The property is subject to a monthly association fee of $180, which adds to the recurring cost of homeownership and should be factored into a buyer's budget.
Modest Lot Size for Luxury Segment: With a lot size of 3708 sqft, the outdoor space may be considered modest for a luxury property in this price range, potentially limiting options for extensive outdoor amenities or large private yards.

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