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144 Milky Way, Irvine, California 92618, Irvine, 92618 - 3 bed, 3 bath

144 Milky Way, Irvine, California 92618 home-pic-0
ACTIVE$1,299,000
144 Milky Way, Irvine, California 92618
3Beds
3Baths
1,490Sqft
1,200Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction & Modern Interior: Built in 2020, this home features a contemporary open-concept design, abundant natural light, elegant wood floors, and a modern kitchen equipped with premium appliances.
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 = 1200, living area = 1490.

Compared to the nearby listings

Price:$1.30M vs avg $2.28M ($-985,500)8%
Size:1,490 sqft vs avg 2,749 sqft6%
Price/sqft:$872 vs avg $84059%

More Insights

Built in 2020 (5 years old).
Condition: This property, built in 2020, is virtually new. The kitchen features modern white shaker cabinets, dark countertops, stainless steel appliances, and a subway tile backsplash. Bathrooms are equally modern with dual vanities, contemporary fixtures, and clean tiling. The home boasts elegant wood-look flooring downstairs, clean carpets upstairs, recessed lighting throughout, and modern central air/heating systems. All components are new and meet current quality standards with no visible deferred maintenance.
Year Built
2020
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$872
HOA
$312
Days on market
-
Sold On
-
MLS number
WS25214768
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to 144 Milky Way, a stunning 2020-built home in Irvine’s prestigious Portola Springs. This 1,490 sq ft, 3-bedroom, 2.5-bath residence offers an open-concept design filled with natural light, elegant wood floors, and a modern kitchen with premium appliances. Upstairs, the serene primary suite and two spacious bedrooms provide comfort and privacy, complemented by central air, forced-air heating, and in-unit laundry. The detached 2-car garage adds convenience, while the community offers resort-style amenities—pools, clubhouses, sports courts, playgrounds, and scenic walking trails. Perfectly located near shopping, dining, and with easy access to the 241 and 133 toll roads, this home is assigned to top-rated Irvine schools: Loma Ridge Elementary, Jeffrey Trail Middle, and the highly acclaimed Portola High School, known for its STEM programs, championship athletics, and exceptional college placement. Best of all, this property is priced $1.299M below market value, creating a rare opportunity with instant equity potential. Recent comparable homes list between $1.4M and $1.5M, making this a true standout in one of Southern California’s most desirable neighborhoods. Whether for your forever home or a smart investment, 144 Milky Way delivers style, location, and unmatched value.

Condition Rating
Excellent
This property, built in 2020, is virtually new. The kitchen features modern white shaker cabinets, dark countertops, stainless steel appliances, and a subway tile backsplash. Bathrooms are equally modern with dual vanities, contemporary fixtures, and clean tiling. The home boasts elegant wood-look flooring downstairs, clean carpets upstairs, recessed lighting throughout, and modern central air/heating systems. All components are new and meet current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Interior: Built in 2020, this home features a contemporary open-concept design, abundant natural light, elegant wood floors, and a modern kitchen equipped with premium appliances.
Premier Location & Top-Tier Schools: Situated in Irvine's prestigious Portola Springs, the property benefits from excellent accessibility and is zoned for highly-rated Irvine Unified schools, including Portola High School.
Extensive Community Amenities: Residents enjoy access to resort-style community amenities such as pools, clubhouses, sports courts, playgrounds, and scenic walking trails, enhancing lifestyle and value.
Competitive Pricing: Listed at $1.299M, the property is competitively priced below recent comparable sales in the $1.4M-$1.5M range, offering a strong value proposition and potential for immediate equity.
Essential Modern Conveniences: The home is well-appointed with central air conditioning, forced-air heating, in-unit laundry, and a detached 2-car garage, providing comfort and practical living solutions.

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 = 1200, living area = 1490.
Limited Private Outdoor Space: Despite being a single-family residence, the 1,200 sq ft lot size offers minimal private outdoor space, which may be a consideration for buyers desiring a larger yard.
Lack of Scenic Views: The property explicitly states 'View: None,' which could be a disadvantage for buyers prioritizing scenic outlooks or panoramic vistas.
Significant Monthly HOA Fees: The monthly association fee of $312 adds a substantial recurring cost to homeownership, which buyers must factor into their budget.

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