
Lake Forest, California 92630
This property presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well above the $983,748 Fair Market Value by -21%. Featuring a Fair Condition Rating (5/10), the home requires a comprehensive renovation to modernize its 1976 origins. The asset includes a private pool and spa and access to the Sun & Sail Club amenities. This project is best suited for Fix-and-Flip Investors or Contractors capable of executing a full-scale interior transformation to unlock the property's underlying value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24396 Calle Pequeno Subject | $1,200,000* List Price | 4 | 3 | 2,105 | $467 | - |
A 24802 Forest Knoll Lane Sold | $1,105,000 | 4 | 3 | 2,269 | $487 | 1.0 mi |
B 24142 Minnetonka Lane Sold | $1,150,000 | 3 | 2 | 1,570 | $732 | 0.5 mi |
C 24395 Calle Pequeno Pending | $1,250,000 List Price | 4 | 3 | 2,124 | $589 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976, the property is nearly 50 years old and retains many original features. The kitchen is significantly outdated with 1970s-style tile countertops and fluorescent light boxes. The listing description explicitly invites a 'full renovation' and 'reimagining,' signaling that the home requires a comprehensive rehab to address its aged systems and finishes.
Membership in the highly desirable Sun & Sail Club provides residents with access to premium facilities including multiple pools, tennis courts, and a fitness center.
The property features a private backyard pool, offering a rare and sought-after space for outdoor entertainment and relaxation in the Southern California climate.
With four bedrooms and over 2,100 square feet of living space, the home offers a functional floor plan with significant potential for value-add through customization.
The property is positioned as a fixer-opportunity, meaning buyers will need to budget for substantial updates to modernize the interior and potentially older systems.
Being back on the market after a failed escrow can sometimes lead to increased buyer caution, regardless of whether the previous cancellation was due to buyer performance.
BACK ON MARKET BECAUSE BUYER COULD NOT PERFROM AT NO FAULT OF THE SELLER OR PROPERTY. Opportunity knocks in the highly desirable Sun & Sail Club community of Lake Forest. This 4-bedroom, 2.5-bathroom two-story home offers a spacious layout and endless potential for buyers looking to create their dream home. The main level features generous living and dining areas, along with a kitchen that opens to the backyard—perfect for reimagining into a modern indoor-outdoor entertaining space. Upstairs, you’ll find four well-sized bedrooms, including a primary suite with ample space to transform into a relaxing retreat. Step outside to a private backyard complete with a pool, ideal for enjoying Southern California’s year-round sunshine. Whether you envision refreshing the existing design or undertaking a full renovation, the possibilities here are substantial. Located within the sought-after Sun & Sail Club HOA, residents enjoy access to resort-style amenities including pools, tennis courts, a fitness center, and more. Conveniently close to shopping, dining, schools, and major freeways, this home combines location, lifestyle, and value. Bring your vision and unlock the full potential of this Lake Forest gem.
No exterior & parking available.
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 | 2,105 | 2,236 | 42% |
| Lot Size | 5,010 | 5,227 | 45% |
| Price | $1.20M | $1.40M | 23% |
| Price per sq ft | $570 | $669 | 17% |
| Built year | 1976 | 1978 | 38% |
| HOA | $160.0 | $140 | 54% |
| Days on market | 38 | 123 | 6% |
Apr 29, 2026
$1,200,000
Initial Listing