21122 Pennington Lane, Trabuco Canyon, California 92679, Trabuco Canyon, 92679 - 5 bed, 3 bath
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Trabuco Canyon, California 92679
This Upgraded Robinson Ranch Residence is a Prime Investment Opportunity, listed at $1,319,000—positioned well below the $1,357,533 Fair Market Value by 2%. This valuation gap offers $38,533 in Instant Equity. Boasting a Condition Rating of 3, the home features paid-off solar panels, a remodeled quartz kitchen, and serene mountain views. Located within the Saddleback Valley Unified district near top-rated schools, it balances long-term efficiency with lifestyle luxury. This is an ideal match for growing families or Owner-Occupants seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21122 Pennington Lane Subject | $1,314,000* List Price | 5 | 3 | 2,289 | $576 | - |
A 32056 Mill Stream Sold | $1,340,000 | 4 | 3 | 2,507 | $535 | 0.4 mi |
B 21185 Prairie View Sold | $1,421,000 | 4 | 3 | 2,342 | $607 | 0.3 mi |
C 20711 Shadow Rock Sold | $1,590,000 | 5 | 3 | 2,539 | $626 | 0.5 mi |
D 21141 Pennington Lane Sold | $1,050,000 | 4 | 3 | 1,739 | $604 | 0.0 mi |
E 21072 Cimmaron Ln Sold | $1,330,000 | 4 | 3 | 1,906 | $698 | 0.1 mi |
F 32232 Fall River Active | $1,597,000 List Price | 5 | 5 | 2,613 | $611 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1988 but features extensive recent renovations that fall within the 5-15 year window. Key systems are well-maintained: roof (6y), HVAC (8y), and water heater/appliances (5y). The kitchen is modernized with quartz countertops and custom cabinetry, and the interior shows high-end finishes like plantation shutters and recessed lighting, making it move-in ready.
The property features 15 fully paid-off solar panels that reduce the average electric bill to approximately $25 per month, offering significant long-term utility savings.
Major systems are well-maintained with a newer roof, HVAC, water heater, and appliances all replaced within the last 5-8 years, minimizing immediate capital expenditures for the buyer.
The 2,289 sq. ft. layout has been thoughtfully updated to include five bedrooms, featuring a remodeled kitchen with quartz countertops and a convenient main-floor office ideal for remote work.
At 5,000 square feet, the lot is relatively compact for a five-bedroom home, which may limit private outdoor space compared to other properties in the area.
While the elementary school is within walking distance, the assigned high schools are located nearly 5 to over 7 miles away, which may be a consideration for families with older children.
Experience elevated South Orange County living in this beautifully upgraded home located in the highly sought-after Robinson Ranch community of Trabuco Canyon. Situated on a quiet interior street & surrounded by scenic hills, parks, & trails, this exceptional residence features thoughtfully designed living space, combining modern upgrades, energy efficiency, flexible living areas, and an unbeatable location. Designed to accommodate a variety of lifestyles, the spacious floor plan features 5 beds/3 baths, including a highly desirable main-level office or den that can easily function as a guest room, 6th bedroom, home gym, playroom, or private work-from-home space. Upon entering, you are welcomed by soaring ceilings, abundant natural light, and a warm, inviting atmosphere enhanced by recessed lighting, crown molding, plantation shutters, ceiling fans, and a cozy fireplace. The remodeled kitchen is the heart of the home and showcases quartz countertops, custom cabinetry, stainless steel appliances, & generous storage & preparation space. The adjacent family room creates a seamless flow for everyday living and entertaining while offering direct access to the backyard for true indoor-outdoor California living. Upstairs, the spacious primary suite serves as a private retreat with peaceful neighborhood views, ample closet space, and updated finishes. The 2ndary bedrooms are generously sized and offer flexibility for growing families, multigenerational living, guests or hobbies. This energy-efficient home includes 15 fully owned solar panels, helping maintain an avg monthly electric bill @ approximately $25. Additional improvements provide peace of mind and long-term value, including a newer roof (approximately six years old), HVAC system (approximately eight years old), water heater (approximately five years old), and updated appliances (approximately five years old). Step outside to a beautifully landscaped private backyard featuring mature trees, paver hardscaping, & covered patio perfect for outdoor dining, entertaining, or simply relaxing in Southern California's year-round sunshine. Residents of Robinson Ranch enjoy low HOA dues & access to resort-style pools, parks, playgrounds, sports courts, greenbelts, hiking trails, equestrian trails & community events. Located w/in the award-winning Saddleback Valley Unified School District, the home is also close to shopping, restaurants, Rancho Santa Margarita Lake, O'Neill Regional Park, & Tijeras Creek Golf Club.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.2 mi
Grades 7-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 67% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,289 | 2,927 | 31% |
| Lot Size | 5,000 | 6,600 | 21% |
| Price | $1.31M | $1.69M | 22% |
| Price per sq ft | $574 | $626 | 30% |
| Built year | 1988 | 1993 | 27% |
| HOA | $187.0 | $320 | 29% |
| Days on market | 0 | 127 | 6% |
Jun 3, 2026
$1,314,000
$1,319,000
+0% Price Increase
Initial Listing
Apr 10, 2026
$1,319,000
Initial Listing
Oct 16, 1997
$223,500
Public Record