21 Gramercy 312, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath
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Irvine, California 92612
This Spacious Condominium represents a Strong Value Opportunity, listed at $938,000—positioned well below the $992,702 Fair Market Value by 5%. This valuation gap offers $54,702 in Instant Equity for the buyer. Featuring a Good Condition Rating, the unit includes a Gourmet Chef's Kitchen and access to Resort-Style Amenities like saline pools and a fitness center. While school ratings are moderate, the property’s size and location offer a premium lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking luxury living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21 Gramercy 312 Subject | $938,000* List Price | 2 | 2 | 1,648 | $602 | - |
A 21 Gramercy 208 Sold | $890,000 | 2 | 2 | 1,583 | $562 | 0.0 mi |
B 21 Gramercy 306 Sold | $1,160,000 | 2 | 3 | 1,810 | $641 | 0.0 mi |
C 21 Gramercy 410 Sold | $915,000 | 2 | 2 | 1,583 | $578 | 0.0 mi |
D 3131 Michelson Drive 606 Sold | $873,000 | 2 | 2 | 1,330 | $656 | 0.3 mi |
E 3131 Michelson Drive 706 Sold | $850,000 | 2 | 2 | 1,330 | $639 | 0.3 mi |
F 87 Waldorf Sold | $1,100,000 | 2 | 3 | 1,919 | $573 | 0.1 mi |
G 3131 Michelson Drive 503 Active | $1,120,000 List Price | 2 | 2 | 1,583 | $708 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2011, this 15-year-old property is well-maintained and move-in ready. The kitchen features contemporary dark wood cabinetry, granite countertops, and stainless steel appliances that are functional and stylish. The bathrooms and systems appear to be in great shape with no visible deferred maintenance, fitting the 10-20 year age bracket for a 'Good' rating.
This unit offers the best price-per-square-foot in the community, featuring a sprawling 1,648 sq. ft. open-concept layout that is significantly larger than typical 2-bedroom residences in the area.
Residents benefit from world-class facilities including an 8,000 sq. ft. clubhouse, state-of-the-art fitness center, two junior Olympic saline pools, and dedicated concierge services.
Located on the third floor, this residence avoids the noise and security concerns of ground-floor units while offering a dual-primary layout and a private balcony for elevated living.
The monthly association fee of $741.21 is substantial and may impact the overall affordability and monthly carrying costs for potential buyers.
The property is served by the Santa Ana Unified School District with school ratings between 3 and 4, which may be a drawback for families seeking the high-performing schools typically associated with Irvine.
UNMATCHED VALUE & ELEVATED PRIVACY IN CENTRAL PARK WEST! Welcome to the Belvedere building’s premier mid-floor opportunity, offering the absolute best price-per-square-foot value for a 2-bedroom residence in the entire community.While other available 2-bedroom units sacrifice space or sit on the busy ground floor, Unit #312 boasts an exceptionally rare, sprawling 1,648 sq. ft. open-concept floor plan located safely on the peaceful third floor. Inside, natural light pours through expansive windows, illuminating a seamless flow between the gourmet chef's kitchen—complete with premium granite countertops, a massive central island, and stainless steel appliances—and the grand living and dining spaces.The dual-primary layout ensures maximum privacy. The oversized main suite features a spa-like en-suite bathroom with a deep soaking tub, separate glass shower, and a massive walk-in closet. Step out onto your private balcony to enjoy morning coffee or evening breezes elevated well above street level.As a resident of 21 Gramercy, you enjoy subterranean gated parking, dedicated concierge services, and exclusive access to Central Park West’s world-class resort amenities: an 8,000 sq. ft. clubhouse, state-of-the-art fitness center, yoga studios, two junior Olympic saline pools, jetted spas, and outdoor barbecue pavilions.Positioned minutes from South Coast Plaza, UCI, John Wayne Airport, and Newport Beach, this is the ultimate lock-and-leave luxury lifestyle. Do not miss the largest, most competitively priced 1,600+ sq. ft. flat on the market today—schedule your private tour before it’s gone!
No exterior & parking available.
Grades K-5 • 2.9 mi
Grades 6-8 • 3.8 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,648 | 1,447 | 70% |
| Lot Size | - | 41,728 | 37% |
| Price | $938.0K | $970.0K | 49% |
| Price per sq ft | $569 | $721 | 3% |
| Built year | 2011 | 2004 | 77% |
| HOA | $741.21 | $638 | 78% |
| Days on market | 3 | 166 | 3% |
Jun 3, 2026
$938,000
Initial Listing
Oct 12, 2011
$449,000
Public Record