
Lake Forest, California 92630
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $1,649,000—positioned above the $1,539,008 Fair Market Value. While the property requires a full interior rehab given its Condition Rating of 5, the expansive 10,665 sf lot and Canyon, Hills, and Mountain views provide a rare canvas for value-add renovation. Located in the Saddleback Valley Unified district, this asset offers significant upside for Fix-and-Flip Investors or Owner-Occupants seeking to customize a premier cul-de-sac location in Lake Forest.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21342 Hillside Court Subject | $1,649,000* List Price | 4 | 3 | 2,262 | $680 | - |
A 26462 Elmcrest Sold | $1,550,000 | 4 | 3 | 2,509 | $618 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1987 (39 years old) and the listing description explicitly identifies it as an 'ideal canvas to create your dream home,' a standard industry term for a property needing a full interior rehab. Based on the age exceeding 30 years without mentioned updates to systems or kitchens/baths, it meets the criteria for poor condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10665, living area = 2262.
Situated at the end of a cul-de-sac on a nearly 11,000 sqft lot with no rear neighbors and a backing greenbelt, this property offers a rare level of seclusion and outdoor space in the Montbury neighborhood.
The home provides a unique visual experience with stunning views of the Saddleback Mountains from the front and serene hillside and canyon vistas from the backyard.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10665, other record lot size in square feet = 9200.
Described as an 'ideal canvas,' the 1987-built interior likely requires significant cosmetic or structural updates to meet the expectations of modern luxury buyers.
At a list price of $1.649M, the property represents a high initial investment for a home that may require additional capital for renovations to reach its full potential.
This is your opportunity to own a home with one of the best and premier locations in the neighborhood of Montbury, Lake Forest. Located at the end of a cul-de-sac and sitting on almost an 11,000 sf lot, 21342 Hillside Ct offers privacy and hillside views from every angle of the backyard. With no homes behind and backing to a tree-lined greenbelt, you’ll experience the exclusivity of privacy and much more. Want more views? Step out of the front door to get scenic views of the beautiful Saddleback Mountains. The home is a 2-story residence that measures 2,262 sf with the downstairs floor featuring a living room, family room, kitchen, dining room, and a bedroom with a full bathroom and laundry area. The top floor boasts another 3 bedrooms and 2 baths. The bedrooms and bathrooms are well-proportioned, offering comfort and flexibility. With its desirable layout, this property is an ideal canvas to create your dream home in one of Lake Forest’s most sought-after neighborhoods. Enjoy the benefits of a prime location, large lot, wonderful views front and back, and abundant living space-all with the potential to make it truly your own. Don't miss this exceptional opportunity.
No exterior & parking available.
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,262 | 2,240.102 |
| Lot Size | 10,665 | 5,415.915 |
| Price | $1.65M | $1.45M |
| Price per sq ft | $729 | $665 |
| Built year | 1987 | 1981 |
| HOA | $200.0 | $159 |
| Days on market | 27 | 47 |
Aug 13, 2026
$1,649,000
Initial Listing