
Lake Forest, California 92630
This Turn-key Panoramic View Residence is a Prime Investment Opportunity, listed at $1,385,000—positioned well below the $1,433,647 Fair Market Value by 3%. This valuation gap provides $48,647 in Instant Equity for the buyer. Boasting a Condition Rating of 2, the home features a modernized kitchen, remodeled bathrooms, and a private backyard spa with sweeping mountain-to-ocean views. Located in the Saddleback Valley Unified School District with no Mello Roos and low HOA fees, this property ensures long-term financial efficiency. It is an ideal match for Owner-Occupants or lifestyle-focused buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21355 Stonehaven Subject | $1,385,000* List Price | 3 | 3 | 1,806 | $794 | - |
A 20991 Skylark Sold | $1,300,000 | 3 | 3 | 1,662 | $782 | 0.4 mi |
B 26151 Owl Court Sold | $1,030,000 | 3 | 3 | 1,662 | $620 | 0.3 mi |
C 26072 Donegal Lane Sold | $1,242,500 | 3 | 3 | 1,609 | $772 | 0.2 mi |
D 21401 Kirkwall Sold | $1,150,000 | 4 | 3 | 1,465 | $785 | 0.2 mi |
E 25971 Donegal Lane Sold | $1,293,000 | 4 | 3 | 1,805 | $716 | 0.3 mi |
F 26051 Dunbar Drive Sold | $1,090,000 | 3 | 3 | 1,610 | $677 | 0.1 mi |
G 26151 Owl Court Active | $1,395,000 List Price | 3 | 3 | 1,662 | $839 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1987, the property is in turn-key condition following extensive recent renovations. It features a modern kitchen with high-end stainless steel appliances, fully remodeled bathrooms with contemporary finishes, and updated major systems including a newer HVAC, ductwork, plumbing, and electrical.
The property offers rare, sweeping views of the mountains, Orange County cityscape, and the ocean, providing a high-value aesthetic that is difficult to replicate.
This turn-key home features extensive high-end improvements, including a newer HVAC system, updated plumbing and electrical, and fully remodeled bathrooms, ensuring immediate move-in readiness.
The absence of Mello Roos taxes and a remarkably low $84 monthly HOA fee offer significant long-term savings and lower carrying costs compared to similar Orange County neighborhoods.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4286, other record lot size in square feet = 3000.
With a lot size of 4,286 square feet, the outdoor space is relatively limited for a single-family residence, which may be a drawback for buyers seeking large yards or significant privacy.
The property is priced at a high cost per square foot following a recent price increase, which may limit its appeal to value-conscious buyers or pose challenges during the appraisal process.
Positioned in the highly desirable Sterling Heights community of Lake Forest, this turn-key 3-bedroom, 2.5-bathroom home captures sweeping panoramic views of the surrounding mountains, Orange County cityscape, and even the ocean on clear days. This upgraded residence blends comfort, functionality, and modern design, making it a standout opportunity in today’s market. Extensive interior improvements enhance both form and function, including custom crown molding, wood veneer flooring, and a newer HVAC system with updated ductwork, plumbing, and electrical. A built-in surround sound system further elevates the home’s entertainment appeal. The open-concept floor plan is filled with abundant natural light, creating a bright and inviting living environment throughout. The expanded family room just off the kitchen offers versatile living space, ideal for a media room, music room, or additional entertaining area. Step outside to the covered, open-air patio—perfectly positioned for indoor-outdoor living and hosting gatherings year-round. All bathrooms have been tastefully remodeled with high-end finishes, delivering a clean, contemporary feel. The front and rear yards are designed for low-maintenance living with artificial turf, while the private backyard spa provides the perfect setting to relax and take in city lights and star-filled skies. Located within the highly regarded Saddleback Valley Unified School District and just minutes from Lake Forest Sports Park, shopping, dining, and major commuter routes, this home offers an exceptional blend of lifestyle, location, and long-term value. No Mello Roos either.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 1.8 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 27% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,806 | 2,185 | 32% |
| Lot Size | 4,286 | 5,276.5 | 29% |
| Price | $1.39M | $1.38M | 51% |
| Price per sq ft | $767 | $679 | 71% |
| Built year | 1987 | 1978 | 69% |
| HOA | $84.0 | $129 | 30% |
| Days on market | 23 | 175 | 2% |
Apr 1, 2026
$1,385,000
Initial Listing
Mar 30, 2026
$1,365,000
Initial Listing
Jul 18, 2013
$640,000
Public Record
Feb 17, 2000
$270,000
Public Record