
Lake Forest, California 92630
This Multi-Generational Estate is a Prime Investment Opportunity, listed at $2,099,000—positioned well below the $2,160,466 Fair Market Value by 2%. This valuation gap offers $61,466 in Instant Equity. Maintaining a Good Condition Rating, the property features a unique three-level layout with two private suites, owned solar, and a backyard pool and spa. Located in the Saddleback Valley Unified district near top-rated schools, it balances lifestyle luxury with significant rental or "house-hack" potential. This is an ideal acquisition for Owner-Occupants or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21732 Exton Subject | $1,999,000* List Price | 5 | 4 | 3,600 | $583 | - |
A 21441 Montbury Drive Sold | $2,370,000 | 5 | 4 | 3,863 | $614 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1981, the property is well-maintained and move-in ready with significant system upgrades, including a full PEX repipe in 2023 and owned solar. The kitchen features granite countertops and a six-burner cooktop, and the home includes modern double-pane windows. Although some aesthetic elements like the tile flooring and paint colors are slightly dated, the overall condition and recent infrastructure investments place it firmly in the 'Good' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20800, living area = 3600.
The unique three-level floor plan features two independent suite configurations with private entries, making it ideal for multi-generational living, long-term guests, or a professional home office setup.
Situated on a rare half-acre lot, the property boasts a private backyard retreat complete with a pool, in-ground spa, rock waterfall, and mature landscaping, offering exceptional privacy and entertainment space.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 2819. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The three-level architectural design and sunken living room may pose accessibility challenges for buyers with mobility concerns or those preferring a more traditional, single-level flow.
While well-maintained, the 1981 construction features a segmented layout that may feel less cohesive to buyers seeking the wide-open, modern floor plans typical of newer luxury builds.
Versatile three-level layout with two private suite configurations, owned solar, and a backyard pool Set on a generous Lake Forest lot, this 5-bedroom, 4-bath, ~3,600 sq ft home is organized across three distinct living levels with two separate suite configurations — each with its own private entry, full bathroom, and living space. The main level centers on a vaulted formal dining room that seats twelve, opening to a sunken living room with fireplace and walls of windows. A separate eat-in kitchen anchors the level with a center island, granite counters, six-burner gas cooktop, double ovens, built-in microwave, dishwasher, and built-in trash and recycling — flowing into the family room with French doors to the backyard. Adjacent to the kitchen, a vaulted in-law suite offers flexible living with its own private exterior entrance, attached 1.75 bath, and a full pantry with refrigerator (easily configured as a kitchenette). A connecting window keeps the suite integrated when desired, fully independent when not — ideal as a guest suite, long-term-stay quarters, home office with separate access, or studio living. The lower level functions as a second self-contained zone: a den with fireplace, wet bar, bedroom, full bathroom, and direct access to both the garage and exterior. Effectively a guest suite paired with its own gathering space. The upper level houses the primary suite with dressing area, walk in closet, and double-vanity bath with linen storage, plus two secondary bedrooms — one with an attached bonus space well-suited as a study, nursery, or sitting room. Outside: private pool, in-ground spa, rock waterfall, and multiple patio zones surrounded by mature landscaping with timed drip irrigation on a ~20,800 sq ft lot. Owned solar (paid off). PEX repipe in 2023. Central A/C, two fireplaces, double-pane windows, wooden shutters, three-car garage. Saddleback Valley Schools (Rancho Canada / Serrano / El Toro). $70/mo HOA.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 4.0 | 3.0 | 75% |
| Square foot | 3,600 | 2,244 | 94% |
| Lot Size | 20,800 | 5,227 | 99% |
| Price | $2.00M | $1.41M | 83% |
| Price per sq ft | $555 | $669 | 13% |
| Built year | 1981 | 1978 | 58% |
| HOA | $70.0 | $140 | 25% |
| Days on market | 0 | 123 | 4% |
May 17, 2026
$1,999,000
$2,099,000
-5% Price Drop
Initial Listing
Apr 25, 2026
$2,099,000
Initial Listing
Feb 8, 2021
$1,100,000
Public Record
Dec 9, 2008
$1,404,000
Public Record
Feb 5, 1998
$350,000
Public Record