
Lake Forest, California 92630
This Value-Add Lakeside Residence is a strategic acquisition listed at $1,325,000, positioned above the $1,213,236 Fair Market Value due to its rare shoreline proximity. Featuring a Condition Rating of 4, the interior serves as a "blank canvas" requiring cosmetic modernization, though the Updated HVAC and Piping provide a solid mechanical foundation. The layout includes a Main-Level Bedroom and captures serene Lake Views, with access to Resort-Style Amenities and Saddleback Valley Unified Schools. This is an ideal project for Value-Add Investors or Visionary Homeowners.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22754 Islamare Lane Subject | $1,325,000* List Price | 4 | 3 | 2,367 | $513 | - |
A 22741 Islamare Lane Sold | $1,280,000 | 4 | 3 | 2,367 | $541 | 0.0 mi |
B 24802 Forest Knoll Lane Sold | $1,105,000 | 4 | 3 | 2,269 | $487 | 0.5 mi |
C 24231 Sparrow Sold | $1,300,000 | 5 | 3 | 2,437 | $533 | 0.6 mi |
D 22576 Lake Forest Lane Sold | $1,575,000 | 4 | 3 | 2,333 | $675 | 0.3 mi |
E 23976 Carmel Drive Sold | $1,014,000 | 4 | 2 | 1,540 | $658 | 0.7 mi |
F 24842 Jeronimo Active | $1,249,000 List Price | 4 | 2 | 2,580 | $484 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970 and marketed as a 'blank canvas,' the property requires significant cosmetic modernization in the kitchen and bathrooms to meet current standards. However, it avoids a 'poor' rating because major high-cost infrastructure components—including the HVAC system, water heater, and piping—have been recently updated or replaced, providing a sound structural and mechanical foundation.
Situated just one property away from the shoreline, the home offers serene lake views and immediate access to the water, providing a rare coastal-style lifestyle in Orange County.
Key high-cost systems have already been addressed, including a full HVAC and water heater replacement two years ago and updated piping approximately seven years ago, providing peace of mind for the next owner.
Residents enjoy access to the Hidden Lakes clubhouse, featuring a unique sand beach lagoon, three pools, pickleball and tennis courts, and a full gym, creating a vacation-like atmosphere.
The property is marketed as a 'blank canvas' and 'not a finished product,' indicating that a substantial budget for cosmetic and functional remodeling is necessary to make it move-in ready.
As a 1970s home that invites a 'new vision,' the interior likely requires a complete reimagining to meet modern design standards and buyer expectations for the $1.3M+ price point.
Only steps from the lake, this Hidden Lakes residence enjoys a setting defined by water, light, and a quiet sense of space. The home sits just one property away from the shoreline, where gentle lake views and open skies create a calm backdrop to everyday life. Inside, the home presents an opportunity rather than a finished product, a true blank canvas ready to be reimagined. The layout is generous and functional, offering the kind of proportions that allow for thoughtful design and modern updates. A bedroom and full bathroom on the main level provide flexibility for guests, extended family, or a future office or studio. Upstairs, the primary suite is exceptionally spacious, with sliding doors that open to a private balcony capturing beautiful lake views just beyond the neighboring waterfront homes. Continue through the second level, you’ll find two additional bedrooms adjoined by a jack and jill bathroom. While the home invites a new vision, several important improvements have already been completed. The HVAC system was fully replaced just two years ago, along with the water heater, providing peace of mind for future ownership. The home’s piping was also updated approximately seven years ago, ensuring that key infrastructure elements have already been addressed. Beyond the home itself, Hidden Lakes offers a lifestyle rarely found in Orange County. The community clubhouse is centered around a remarkable sand beach lagoon built directly into the lake, creating a setting that feels more like a resort than a neighborhood. Residents enjoy three separate pools, pickleball and tennis courts, a full gym, and gathering spaces designed for both recreation and relaxation. For those looking to design something entirely their own, this property offers a rare starting point. A home with strong fundamentals, a beautiful lake setting, and the freedom to create something truly special.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,367 | 2,196.5 | 56% |
| Lot Size | 4,300 | 5,276.5 | 31% |
| Price | $1.32M | $1.38M | 46% |
| Price per sq ft | $560 | $676 | 16% |
| Built year | 1970 | 1978 | 17% |
| HOA | $304.0 | $132 | 96% |
| Days on market | 37 | 175 | 2% |
Mar 16, 2026
$1,325,000
Initial Listing