
Lake Forest, California 92630
This Architectural Waterfront Masterpiece is a Strong Value Opportunity, listed at $2,450,000—positioned well below the $2,704,411 Fair Market Value by 9%. This valuation gap offers $254,411 in Instant Equity. Boasting a Condition Rating of 2, the residence features a sculptural designer kitchen, dual primary suites, and a private dock on a rare inside corner lot with panoramic channel views. Located within the Saddleback Valley Unified District near top-rated schools, it pairs lifestyle luxury with significant financial upside. This is an ideal match for Owner-Occupants or Luxury Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21961 Cayuga Lane Subject | $2,450,000* List Price | 5 | 4 | 3,079 | $878 | - |
A 24708 Toledo Sold | $2,370,000 | 4 | 3 | 2,426 | $977 | 0.2 mi |
B 21761 Tahoe Lane Sold | $2,075,000 | 3 | 3 | 2,160 | $961 | 0.2 mi |
C 21891 Winnebago Lane Sold | $2,600,000 | 3 | 4 | 2,595 | $1,002 | 0.1 mi |
D 22522 Lake Forest Lane Sold | $2,070,000 | 4 | 3 | 2,176 | $951 | 0.6 mi |
E 21922 Erie Active Under Contract | $2,450,000 List Price | 4 | 4 | 2,950 | $831 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1977, the property has undergone a comprehensive, high-end architectural renovation within the last 5 years. The interior features a sculptural designer kitchen with a modern pale palette, gallery-quality finishes, updated primary suites on both levels, and premium wide-plank flooring. The integration of crisp modernist lines, updated fixtures, and seamless indoor-outdoor waterfront living spaces indicates that all major systems and aesthetic components meet or exceed current luxury standards.
Situated on a rare inside corner lot, the property offers expansive main channel views and a private dock, providing a superior lakefront experience compared to standard interior lots.
The home features a refined modernist design with gallery-like interiors, a sculptural kitchen, and seamless indoor-outdoor flow that maximizes natural light and lake perspectives.
With primary suites located on both the ground and upper floors, the floor plan offers exceptional flexibility for multi-generational living or high-end guest accommodations.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3600, living area = 3079.
At 3,600 square feet, the lot is relatively compact for a 3,000+ square foot home, leaving little room for traditional yard space or garden areas outside of the waterfront decks.
Originally constructed in 1977, the property may require ongoing maintenance or updates to its core systems and waterfront structural elements despite its modern aesthetic.
This residence reads less like a conventional home and more like a study in proportion, light, and reflection. Positioned on a rare inside corner lot, the property opens outward to a broad main channel panorama where the water widens and the horizon lingers. From nearly every vantage point, the lake becomes part of the composition, not simply a backdrop but a constantly shifting material that animates the house throughout the day. The exterior presents a restrained modernist language, crisp planes of white softened by shadow lines from mature palms and the geometry of the dock beyond. As the home wraps the corner, it reveals itself gradually, a sequence rather than a façade. The waterline deck extends like a continuation of the living space, dissolving the boundary between structure and shoreline. Inside, the plan unfolds with an almost gallery-like clarity. Surfaces remain intentionally calm, allowing volume and perspective to take precedence. Wide openings frame long water views that shift as you move, producing a subtle sense of procession through the home. The living spaces orient toward the channel, while softer, more intimate moments appear along the periphery, reading corners, curved seating arrangements, and layered sightlines that create both openness and refuge. The kitchen sits as a sculptural center rather than a separate room, its soft forms and pale palette reflecting daylight deeper into the interior. Two primary suites, one upstairs and one downstairs, allow the home to function across different rhythms of living. The lower suite maintains immediate connection to the water and outdoor terrace, while the second primary becomes a retreat elevated above the shoreline with a longer perspective across the channel. Outdoor living is treated as an extension of architecture rather than an addition to it. The covered terrace acts as an intermediary space, shaded yet open, where breezes move through and the sounds of water remain constant. The dock sits within the protected interior corner of the lot, reinforcing both privacy and the expansive feel of the main channel view. Boats pass at a distance, never dominating the experience, only punctuating it. Here, architecture becomes a lens through which the setting is continuously rediscovered, morning glassy and still, afternoon bright and active, evening quiet and reflective, each moment framed deliberately, each perspective considered.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 0.8 mi
Grades 9-12 • 1.0 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 | 3,079 | 2,196.5 | 89% |
| Lot Size | 3,600 | 5,276.5 | 19% |
| Price | $2.45M | $1.38M | 96% |
| Price per sq ft | $796 | $679 | 82% |
| Built year | 1977 | 1978 | 48% |
| HOA | $358.0 | $132 | 98% |
| Days on market | 65 | 175 | 15% |
Feb 16, 2026
$2,450,000
Initial Listing
Aug 30, 2022
$1,725,000
Public Record