21821 Michigan Ln., Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 3 bath
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Lake Forest, California 92630
This property presents a High-Potential Investment Opportunity with a List Price of $1,699,995—positioned well above the $1,612,823 Fair Market Value by 5%. While the price reflects a premium for the Prime Lakefront Location, the home carries a Condition Rating of 5, indicating significant renovation potential for the original 1975 interiors. Featuring a private boat dock and Sun and Sail Club access, this asset is ideal for Value-Add Investors or Owner-Occupants seeking to customize a waterfront villa in the Saddleback Valley Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21821 Michigan Ln. Subject | $1,699,995* List Price | 4 | 3 | 1,712 | $942 | - |
A 24302 Ontario Lane 76 Sold | $1,810,000 | 4 | 3 | 1,975 | $916 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 and offered by the original owner, the home is nearly 50 years old with no significant renovations. The kitchen and bathrooms are dated with original-style tile countertops and older appliances, and the listing explicitly suggests a rehab opportunity to 'create your own lake villa.'
This property offers a premium lakefront lifestyle in the desirable Lake Forest Keys, featuring a private boat dock and shimmering water views from the master suite, living room, and outdoor patio.
Residents benefit from the Sun and Sail Club membership, providing access to five swimming pools, tennis and pickleball courts, a fitness center, and a clubhouse with an adult lounge.
The home features a functional four-bedroom layout, including a ground-level bedroom and a master suite with an adjoining sun deck, catering to various living arrangements.
Being sold by the original owner for the first time since 1975, the property likely requires significant cosmetic and structural updates to meet modern luxury standards.
With a lot size of 3,450 square feet, the property offers minimal yard space, which may be a drawback for buyers seeking traditional garden or play areas.
Lake front living at it's best ! Highly-desirable Lake Forest Keys community offers a wonderful 4-bedroom, 3-bathroom, 2-story home for vacation-style living year round. Enjoy shimmering water views from upper-level Master bedroom & adjoining sun deck, lower ground-level bedroom, covered rear patio area, and living room which looks straight out to the boat dock. Private front patio provides a tropical style retreat for your quiet time. As a member of the Sun and Sail Club you will have full access to 5 swimming pools, tennis and pickle ball courts, sand volleyball, fitness center with state-of-the-art equipment, club house with an adult lounge, pool tables, and much more! The Great Park of Irvine is only minutes away by car. You will find regional shopping centers, local restaurants, and convenient markets just a few minutes away. This property is being sold by the original owner at a price that gives you the opportunity to save money as you create your own lake villa. This one won't last!
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,712 | 2,130 |
| Lot Size | 3,450 | 5,706 |
| Price | $1.70M | $1.44M |
| Price per sq ft | $993 | $664 |
| Built year | 1975 | 1979 |
| HOA | $255.0 | $150 |
| Days on market | 32 | 51 |
Jun 20, 2026
$1,699,995
Initial Listing