
Irvine, California 92612
This Sophisticated Penthouse Residence is a Strong Value Opportunity, listed at $970,000—positioned well above the $939,638 Fair Market Value by 3%. While priced slightly above market, the property maintains a Good Condition Rating and features a high-end chef’s kitchen, resort-style amenities, and a prime location near UCI and major transit hubs. Despite the Santa Ana Unified school district rating, the luxury lifestyle and penthouse design offer significant appeal. This is an ideal acquisition for Urban Professionals or Owner-Occupants seeking a turnkey, high-amenity living experience in Irvine.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21 Gramercy 421 Subject | $970,000* List Price | 2 | 2 | 1,474 | $637 | - |
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 3131 Michelson Drive 606 Sold | $873,000 | 2 | 2 | 1,330 | $656 | 0.3 mi |
D 3131 Michelson Drive 706 Sold | $850,000 | 2 | 2 | 1,330 | $639 | 0.3 mi |
E 2380 Scholarship Sold | $980,000 | 3 | 2 | 1,345 | $729 | 0.6 mi |
F 3134 Watermarke Place Sold | $755,000 | 2 | 2 | 1,260 | $599 | 0.6 mi |
G 21 Gramercy 202 Active | $899,000 List Price | 2 | 2 | 1,574 | $571 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2012, the property is approximately 14 years old, placing it squarely in the 'Good' category. The interior remains move-in ready with a high-end chef's kitchen featuring European cabinetry and stone countertops, and the systems appear modern and well-maintained. While the finishes are high-quality, they are original to the 2012 construction rather than a recent renovation.
This top-floor residence features soaring ceilings, an open-concept layout, and premium upgrades including a chef’s kitchen with European cabinetry and a spa-inspired primary suite.
Located in the prestigious Belvedere enclave, residents enjoy access to a state-of-the-art fitness center, junior Olympic pool, and gated security, providing a luxury lifestyle experience.
The property offers unparalleled convenience, situated minutes from John Wayne Airport, UCI, and world-class shopping and dining at South Coast Plaza and Fashion Island.
The association fee of approximately $745 per month is relatively high, which may impact the overall affordability and appeal for budget-conscious buyers.
The property is served by the Santa Ana Unified School District, which features lower-rated schools compared to the highly acclaimed Irvine Unified School District typically expected in this area.
Located in the prestigious Belvedere enclave of Central Park West, this sophisticated penthouse residence at 21 Gramercy #421 offers the perfect blend of luxury, comfort, and urban convenience in the heart of Irvine. Featuring 2 bedrooms, 2 bathrooms, and approximately 1,474 square feet of thoughtfully designed living space, the home showcases soaring ceilings, recessed lighting, and an open-concept floor plan filled with natural light. The chef’s kitchen is appointed with premium European-style cabinetry, a large center island, refrigerator, built-in oven and microwave, and a 5-burner gas cooktop—ideal for both entertaining and everyday living. The spacious primary suite features a spa-inspired bathroom with dual vanities, soaking tub, glass shower, and walk-in closet. Additional highlights include electric window coverings, private balcony access, water softening and purification systems, elevator access, two secured underground parking spaces, and dedicated storage. Residents enjoy resort-style clubhouse amenities including a state-of-the-art fitness center, junior Olympic pool and spa, outdoor lounges with BBQ areas, entertainment spaces, and beautifully maintained common grounds within a gated community setting. Conveniently located just minutes from University of California, Irvine, as well as South Coast Plaza, Fashion Island, Newport Beach, John Wayne Airport, and major freeways, this exceptional residence offers elevated living in one of Irvine’s most desirable communities.
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 | 1,474 | 1,447 | 53% |
| Lot Size | 65,626 | 49,632 | 57% |
| Price | $970.0K | $970.0K | 50% |
| Price per sq ft | $658 | $721 | 27% |
| Built year | 2012 | 2004 | 80% |
| HOA | $744.58 | $638 | 80% |
| Days on market | 24 | 166 | 4% |
May 13, 2026
$970,000
Initial Listing
Feb 8, 2023
$890,000
Public Record
Nov 29, 2012
$512,000
Public Record