21466 Cypresswood, Lake Forest, California 92630, Lake Forest, 92630 - 3 bed, 3 bath

21466 Cypresswood
Lake Forest, California 92630
Property Price
SUMMARY
Analysis of 21466 Cypresswood, Lake Forest, California 92630 is currently available with a list price of $975,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Forest Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1983, the property has undergone extensive recent renovations that meet current quality standards. Key upgrades include a fully remodeled kitchen with premium cabinetry and Bosch appliances, updated bathrooms with Carrara marble and custom tiling, a whole-home PEX re-pipe, new energy-efficient windows, and updated electrical and lighting throughout.
PROSSTRENGTHS & OPPORTUNITIES
- High-End Interior Renovations
The property boasts a fully remodeled kitchen with premium wood cabinetry and granite countertops, alongside updated bathrooms featuring Carrara marble and custom tile work, offering a turnkey luxury experience.
- Significant Infrastructure Upgrades
Rare for its age, the home includes a whole-house PEX re-pipe, a new high-efficiency water heater, and dual-pane energy-efficient windows, significantly reducing future maintenance concerns and utility costs.
- Desirable Community & Views
Situated in the Serrano Highlands neighborhood, the home offers peaceful views of greenbelts and trees, benefiting from a family-friendly atmosphere with active HOA-hosted community events.
CONSRISKS & DEFICIENCIES
- Substantial Monthly HOA Fees
The $480 monthly association fee represents a significant recurring expense that may impact the purchasing power and overall monthly budget for prospective buyers.
- Average Elementary School Ratings
While the high school is well-rated, the local elementary schools have lower ratings (3 and 5), which may be a consideration for families prioritizing top-tier primary education.
About 21466 Cypresswood
Located in the desirable Serrano Highlands neighborhood of Lake Forest, this beautifully upgraded home offers a welcoming blend of style, comfort, and thoughtful improvements throughout. Most of the interior has been freshly painted in neutral designer tones (excluding secondary bedrooms), complemented by premium laminate flooring on both levels, including all bedrooms. Upgraded wood stairs with stained treads and risers, wide baseboards, and enhanced door casings add to the home’s refined appeal. Dual-pane energy-efficient windows and a sliding glass door provide comfort and efficiency, while recessed LED lighting and new, updated ceiling fans in the downstairs living areas enhance the bright and modern feel. The entry welcomes you with a stylish accent wall featuring custom wainscoting. The fully remodeled kitchen is a standout, featuring premium wood cabinetry with soft-close drawers, granite countertops, a ceramic-coated farmhouse sink, and a Fapully commercial-style single-handle pull-down sprayer faucet with LED light. Stainless steel appliances include a double oven range, metal hood, and Bosch quiet dishwasher, with recessed lighting and updated electrical completing this functional and inviting space—ideal for everyday living and entertaining. Plumbing and mechanical upgrades include a whole-home PEX re-pipe and a new high-efficiency water heater, offering peace of mind for years to come. All bathrooms have been tastefully updated, highlighted by the remodeled primary bathroom with a double-sink vanity topped with Carrara marble, Kohler faucets, and a custom tiled shower with built-in seat and niche, frameless glass enclosure, upgraded lighting, fan, and flooring. The powder room and hall bathroom have also been refreshed with new vanities, fixtures, flooring, and finishes. The primary suite features premium flooring, a multi-setting ceiling fan/light, and a custom walk-in closet system with built-in cabinetry and drawers. Additional storage is available in the attic above the garage, complete with a convenient pull-down stair access. Outside, the front patio has been transformed into a low-maintenance space with woodchips and drought-tolerant landscaping. Serrano Highlands is a family-friendly community with HOA-hosted events throughout the year, making this move-in ready home an exceptional opportunity in a sought-after Lake Forest neighborhood.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $480.0 / Month
Neighborhood Insights
Lake Forest Unified Schools
Santiago Elementary School
Grades K-6 • 1.2 mi
Cordillera Elementary School
Grades K-6 • 2.9 mi
Serrano Intermediate School
Grades 7-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 66% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,526 | 1,022 | 89% |
| Lot Size | - | 190,810 | 23% |
| Price | $975.0K | $615.0K | 90% |
| Price per sq ft | $639 | $608 | 65% |
| Built year | 1983 | 1983 | 50% |
| HOA | $480.0 | $475 | 52% |
| Days on market | 24 | 176 | 1% |
Pricing History
Listed for Sale
Feb 11, 2026
$975,000
Initial Listing
Sold
Oct 7, 2015
$465,000
Public Record
Sold
Apr 15, 2014
$440,000
Public Record
Sold
Aug 2, 2010
$370,000
Public Record
Sold
May 29, 1998
$188,000
Public Record

























