140 Reyes Alley, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 4 bath

140 Reyes Alley, Lake Forest, California 92630 home-pic-0
ACTIVE$2,030,000
140 Reyes Alley, Lake Forest, California 92630
4Beds
4Baths
2,775Sqft
2,853Lot

Price Vs. Estimate

The estimated value ($1,920,860.535) is $109,139.465 (5%) lower than the list price ($2,030,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Turnkey Luxury: Built in 2024, this home is brand new, extensively upgraded with over $250,000 in premium enhancements, and offered in a move-in ready, luxurious condition.
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 = 2853, living area = 2775.

Compared to the nearby listings

Price:$2.03M vs avg $1.31M (+$720,000)87%
Size:2,775 sqft vs avg 2,130 sqft82%
Price/sqft:$732 vs avg $67567%

More Insights

Built in 2024 (1 years old).
Condition: This property was built in 2024, making it brand new. The listing explicitly states it has been 'extensively upgraded with over $250,000 in premium enhancements' and is 'turnkey.' The kitchen features quartz countertops, soft-close custom cabinetry, and top-of-the-line KitchenAid stainless steel appliances, all in a modern style and pristine condition. All bathrooms are tastefully upgraded with quartz vanities, designer tile, and spa-like finishes, including a custom glass-enclosed dual shower. The flooring, light fixtures, and all systems are new, high-quality, and meet current standards, with no deferred maintenance or physical depreciation visible in the images or described in the text.
Year Built
2024
Close
-
List price
$2.03M
Original List price
$2.2M
Price/Sqft
$732
HOA
$249
Days on market
-
Sold On
-
MLS number
OC25080716
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to 140 Reyes Aly, an exceptional luxury residence located on Lot 28 in The Meadows—Lake Forest’s premier master-planned community. This turnkey 4-bedroom, 4-bathroom home features a flex bonus room and a spacious third-floor entertainment area, and has been extensively upgraded with over $250,000 in premium enhancements! From the moment you enter, you’re greeted by soaring 31-foot ceilings, a striking 20-foot chandelier with 41 cascading lights, and a custom-designed staircase—all thoughtfully built with feng shui principles in mind. The open-concept floor plan is further elevated by tile and engineered hardwood flooring, plantation shutters, custom accent walls, and a fully built-out home office, offering flexibility for work or creative use. Designed for both everyday living and entertaining, the chef’s kitchen features quartz countertops, soft-close custom cabinetry, and top-of-the-line KitchenAid stainless steel appliances. Built-in speakers throughout the first floor enhance the home’s entertainment capabilities. All bathrooms have been tastefully upgraded with quartz vanities, designer tile, and spa-like finishes—including a custom glass-enclosed dual shower in the primary ensuite. Additional highlights include: 12 fully-owned solar panels Expansive third-floor loggia/patio Attached 2-car garage plus a built-in 2-car covered carport (4-car total capacity) Tesla universal wall charger (compatible with most EVs) Whole-house water filtration and softening system No Mello-Roos Step outside to a custom-designed entertainer’s patio, complete with a motorized louvered pergola, built-in BBQ with two gas burners, mini fridge, and a ceiling-mounted Bromic gas heater—perfect for year-round gatherings. The front yard features custom stone hardscaping, built-in lighting, and low-maintenance landscaping, enhancing the home’s impressive curb appeal. Residents of The Meadows enjoy access to an array of resort-style amenities, including swimming pools and spas, pickleball courts, playgrounds, dog parks, sand volleyball courts, BBQ areas, an outdoor pizza oven, and a beautifully appointed clubhouse. This is a rare opportunity to own a thoughtfully upgraded, move-in ready home in one of Orange County’s most sought-after communities. Schedule your private showing today.

Condition Rating
Excellent

This property was built in 2024, making it brand new. The listing explicitly states it has been 'extensively upgraded with over $250,000 in premium enhancements' and is 'turnkey.' The kitchen features quartz countertops, soft-close custom cabinetry, and top-of-the-line KitchenAid stainless steel appliances, all in a modern style and pristine condition. All bathrooms are tastefully upgraded with quartz vanities, designer tile, and spa-like finishes, including a custom glass-enclosed dual shower. The flooring, light fixtures, and all systems are new, high-quality, and meet current standards, with no deferred maintenance or physical depreciation visible in the images or described in the text.
Pros & Cons

Pros

New Construction & Turnkey Luxury: Built in 2024, this home is brand new, extensively upgraded with over $250,000 in premium enhancements, and offered in a move-in ready, luxurious condition.
Exceptional Modern Amenities: Features include fully-owned solar panels, an EV charger, whole-house water filtration, a chef's kitchen with high-end appliances, and built-in speakers, catering to modern living and efficiency.
Resort-Style Community Living: Located within The Meadows, residents benefit from access to an extensive array of master-planned community amenities, including pools, spas, sports courts, and a clubhouse.
Significant Cost Savings (No Mello-Roos): The absence of Mello-Roos taxes provides a substantial long-term financial advantage, reducing monthly ownership costs compared to many new developments.
Sophisticated Outdoor & Flexible Indoor Spaces: Boasts a custom-designed entertainer's patio with a motorized pergola and built-in BBQ, an expansive third-floor loggia, a flex bonus room, and a dedicated home office, offering diverse living and entertaining options.

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 = 2853, living area = 2775.
Limited Lot Size: The 2,853 sqft lot is relatively compact for a luxury residence, potentially offering less private outdoor space than some buyers might expect at this price point.
Lack of Views: The property description explicitly states 'view: None,' which can be a significant detractor for luxury buyers in a desirable Orange County location where premium views are often sought after.
High Price Point & Ongoing HOA Fees: With a list price over $2 million and a monthly HOA fee of $249, the property targets a niche luxury market, and the combined costs may limit the pool of potential buyers.

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