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

21466 Cypresswood, Lake Forest, California 92630 home-pic-0

21466 Cypresswood

Lake Forest, California 92630

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,526Sq Ft
Lot Size

Property Price

LIST PRICE$975,000

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

Excellent
TeardownExcellent

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

3/10

Cordillera Elementary School

Grades K-6 • 2.9 mi

5/10

Serrano Intermediate School

Grades 7-8 • 1.3 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.02.0
66%
Baths3.02.0
75%
Square foot1,5261,022
89%
Lot Size-190,810
23%
Price$975.0K$615.0K
90%
Price per sq ft$639$608
65%
Built year19831983
50%
HOA$480.0$475
52%
Days on market24176
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

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