
Lake Forest, California 92630
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $1,249,900—positioned above the $1,224,609 Fair Market Value. While the property requires cosmetic modernization, its Fair Condition Rating is bolstered by significant infrastructure upgrades, including a paid solar system, newer HVAC, and a metal roof. The expansive lot and access to the exclusive Lake Forest Sun and Sail Club provide strong long-term value. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through thoughtful renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21551 Sitio Verano Subject | $1,249,900* List Price | 4 | 3 | 2,244 | $546 | - |
A 24711 Via Del Rio Sold | $1,390,000 | 4 | 3 | 2,474 | $562 | 0.2 mi |
B 24722 Via Del Rio Sold | $1,315,000 | 4 | 3 | 2,474 | $532 | 0.2 mi |
C 24665 Via Tonada Sold | $1,325,000 | 4 | 3 | 2,244 | $590 | 0.3 mi |
D 24395 Calle Pequeno Sold | $1,325,000 | 4 | 3 | 2,124 | $624 | 0.6 mi |
E 24452 Peacock Street Sold | $1,375,000 | 4 | 3 | 2,444 | $563 | 0.8 mi |
F 21535 Calle Otono Sold | $1,410,000 | 4 | 3 | 2,474 | $570 | 0.1 mi |
G 25502 Sawmill Lane Sold | $1,301,500 | 4 | 3 | 2,130 | $611 | 1.0 mi |
H 24851 Woodside Sold | $1,300,000 | 3 | 2 | 1,796 | $724 | 0.2 mi |
I 24422 Via Del Rio Active | $1,349,900 List Price | 4 | 3 | 2,124 | $636 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the home's interior is dated with original-style oak cabinetry, tile countertops, and popcorn ceilings. While the kitchen and baths require modernization, the property is elevated to 'Fair' due to significant recent system upgrades including a newer HVAC, metal roof, vinyl windows, and a paid solar system.
The property features high-value capital improvements including a paid solar system, updated metal roof, newer HVAC, and vinyl windows, offering immediate energy efficiency and long-term cost savings.
Residents benefit from a desirable cul-de-sac location within Forest Creek and exclusive access to the Lake Forest Sun and Sail Club, providing a resort-style lifestyle and strong community appeal.
The home sits on a generous lot with a large, private backyard and an aluminum patio cover, offering exceptional potential for outdoor entertaining and landscaping customization.
The home retains much of its original 1977 character, requiring a significant budget for cosmetic updates and modern renovations to the kitchen, bathrooms, and living areas.
Marketed as a property with 'potential' rather than a finished product, it may deter buyers seeking a move-in-ready residence who are unwilling to manage a renovation project.
Full of character, and opportunity, this Forest Creek home offers a rare chance to create something truly special. The home retains much of its original character while also benefiting from improvements, including an updated metal roof, updated vinyl windows and sliding doors, newer HVAC, aluminum patio cover, newer garage door and paid Solar System. Inside, the spacious layout features a popular floor plan with a bright kitchen and dining room, a family room with brick fireplace, and plenty of natural light throughout. One of the standout features is the expansive private backyard, offering exceptional space to entertain, relax, garden, or reimagine the outdoor setting to fit your lifestyle. The home’s classic details and generous proportions provide a strong foundation for a thoughtful renovation, allowing a new owner to preserve its personality while updating it to their own taste. For buyers looking for a property with real potential rather than someone else’s finished vision, this is an incredible opportunity. With a large lot, desirable Forest Creek cul de sac location, access to the popular Lake Forest Sun and Sail club, substantial outdoor space, and the ability to make the home entirely your own, this home is ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,244 | 2,240.102 |
| Lot Size | 5,436 | 5,415.915 |
| Price | $1.25M | $1.45M |
| Price per sq ft | $557 | $665 |
| Built year | 1977 | 1981 |
| HOA | $160.0 | $159 |
| Days on market | 6 | 47 |
Sep 3, 2026
$1,249,900
Initial Listing