
Irvine, California 92603
This Turnkey Condominium in Turtle Ridge represents a High-Potential Investment Opportunity, listed at $1,449,000—positioned well below the $1,492,954 Fair Market Value by 2%. This valuation gap offers $43,954 in Instant Equity. Featuring a Good Condition Rating with recent interior updates, the home offers a private balcony with Greenbelt Views and access to Top-Rated Irvine Unified Schools. This residence is an ideal acquisition for Owner-Occupants seeking a premium lifestyle or Buy-and-Hold Investors targeting a high-demand community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 Lonetree Subject 3 bd · 2 ba · 1,859 sqft · $803 | $1,449,000* List Price | 3 | 2 | 1,859 | $803 | - |
A 234 Lonetree Sold 2 bd · 2 ba · 1,533 sqft · $835 · 0.0 mi | $1,280,000 | 2 | 2 | 1,533 | $835 | 0.0 mi |
B 34 Gingerwood Sold 2 bd · 2 ba · 1,586 sqft · $858 · 0.1 mi | $1,360,000 | 2 | 2 | 1,586 | $858 | 0.1 mi |
C 31 Gingerwood Active 3 bd · 2 ba · 1,859 sqft · $802 · 0.1 mi | $1,490,000 List Price | 3 | 2 | 1,859 | $802 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2003 (21 years old), the property is well-maintained and move-in ready. It features recent updates including fresh interior paint, new recessed lighting, and modern flooring. While the age technically crosses the 20-year threshold, the recent cosmetic renovations and functional condition align it with the 'Good' category rather than 'Fair/Dated'.
Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
Situated in the prestigious Turtle Ridge community, the property offers access to resort-style amenities and top-rated Irvine Unified schools, including University High.
The residence features a rare greenbelt view with no immediate rear neighbors and a split-bedroom floor plan that maximizes privacy for the primary suite.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =65102, other record lot size in square feet = 92704.
Although the living area is single-level, the entire unit is located on the second floor, which may be a drawback for buyers seeking true ground-level accessibility.
Recent price adjustments and 47 days on the market may lead to buyer hesitation regarding the property's current market valuation.
$30,000 SELLERS CREDIT TOWARD INTEREST RATE BUYDOWN--LOWER YOUR MONTHLY PAYMENTS!!! Exceptional opportunity in the highly desirable Turtle Ridge community of Irvine! This rare and highly sought-after three-bedroom, two-bath residence offers approximately 1,859 square feet of spacious, single-level living, with the entire home conveniently situated on the second floor. Freshly updated with new interior paint and recessed lighting, the home feels bright, open, and move-in ready. The thoughtfully designed floor plan places the primary suite on the opposite side of the residence from the secondary bedrooms, creating an exceptional sense of privacy. The spacious primary retreat features a walk-in closet and a large private bath area with dual sinks. At the heart of the home is an open-concept kitchen, dining, and family room—perfect for both everyday living and entertaining. The kitchen opens seamlessly to the living spaces, creating a roomy and inviting environment for gathering with family and friends. Just beyond the main living area, a large private balcony overlooks a peaceful natural greenbelt. With no immediate homes directly behind, the setting feels quiet and secluded—an ideal place to enjoy morning coffee, entertain guests, or relax with a glass of wine while enjoying the natural greenbelt. Residents of Turtle Ridge enjoy resort-style amenities including pools, spas, parks, and scenic walking trails, all within one of Irvine’s most sought-after communities. Conveniently located near shopping, dining, major transportation routes, and Orange County’s beautiful beaches. Rarely available, this spacious three-bedroom residence combines privacy, functionality, and an exceptional indoor-outdoor lifestyle in one of Irvine’s premier communities.
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 7-8 • 2.8 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,859 | 1,685.105 |
| Lot Size | 65,102 | 42,358.594 |
| Price | $1.45M | $1.21M |
| Price per sq ft | $779 | $740 |
| Built year | 2003 | 2010 |
| HOA | $410.0 | $280 |
| Days on market | 67 | 61 |
Oct 5, 2026
$1,449,000
$1,399,000
+4% Price Increase
Initial Listing
Sep 16, 2026
$1,399,000
$1,498,000
-7% Price Drop
Initial Listing
Aug 19, 2026
$1,498,000
Initial Listing
Jun 23, 2015
$790,000
Public Record
Nov 13, 2003
$510,000
Public Record