
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 | $1,899,999* List Price | 5 | 4 | 3,600 | $528 | - |
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.
Three levels, two self-contained suites, and roughly 3,600 square feet give this home a layout that adapts to how you actually live — multigenerational households, long-term guests, or a home office with its own entrance all have a place here. The main level opens to a vaulted formal dining room that seats twelve and a sunken living room with a fireplace framed by walls of windows. The eat-in kitchen anchors the floor with a center island, granite counters, six-burner gas cooktop, double ovens, built-in microwave, dishwasher, and built-in trash and recycling, then flows into a family room with French doors to the yard. Just off the kitchen, a vaulted suite with its own private exterior entrance, attached 1.75 bath, and a full pantry with refrigerator serves as a guest suite, extended-stay quarters, studio, or office — connected by an interior window when you want it integrated, fully independent when you don't. The lower level is a second self-contained zone: a den with fireplace and wet bar, a bedroom, a full bath, and direct access to both the garage and the exterior. Upstairs, the primary suite includes a dressing area, walk-in closet, and double-vanity bath with linen storage, alongside two more bedrooms — one with an attached bonus room that suits a study, sitting room, or studio. Outside, a deep pool, in-ground spa, rock waterfall, and several patio zones sit among mature landscaping and fruit trees on timed drip irrigation. The behind-the-walls work is already done: newly installed owned solar with battery storage to help offset peak energy costs, a 2023 PEX repipe, central A/C, double-pane windows, two fireplaces, wooden shutters, and a three-car garage. Saddleback Valley Unified schools (Rancho Canada / Serrano / El Toro); $70/month HOA. With the square footage, the flexible floor plan, and the major systems in place, what's left is finishes — room to bring your own style to a home where the expensive work is already handled.
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 |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,600 | 2,130 |
| Lot Size | 20,800 | 5,706 |
| Price | $1.90M | $1.44M |
| Price per sq ft | $528 | $664 |
| Built year | 1981 | 1979 |
| HOA | $70.0 | $150 |
| Days on market | 88 | 51 |
Jun 11, 2026
$1,899,999
$1,999,000
-5% Price Drop
Initial Listing
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