247 Oceano, Irvine, California 92602, Irvine, 92602 - 4 bed, 3 bath

247 Oceano, Irvine, California 92602 home-pic-0

Price Vs. Estimate

The estimated value ($3,134,351.07) is $215,648.93 (6%) lower than the list price ($3,350,000). This property may be overpriced.

Key pros and cons

Top Pros:
Rare Oversized Lot: The property boasts a rare, oversized 6,478 sq ft lot, significantly larger than most in the coveted Reserve at Orchard Hills community, offering enhanced privacy and outdoor space.
Top Cons:
Overpriced Listing: The current listing price of $3.35 million is approximately 6% higher than the estimated property value of $3.13 million, suggesting it may be above market comparables.

Compared to the nearby listings

Price:$3.35M vs avg $2.79M (+$556,000)66%
Size:2,796 sqft vs avg 3,065 sqft44%
Price/sqft:$1.2K vs avg $95887%

More Insights

Built in 2018 (8 years old).
Condition: Built in 2018, this property is only 6 years old and has been 'significantly upgraded' as per the description. The images confirm a modern aesthetic throughout, featuring a chef's kitchen with white shaker cabinets, a large island, and what appear to be top-tier stainless steel appliances. Bathrooms are spa-like with freestanding tubs, dual vanities, modern fixtures, and walk-in showers with contemporary tiling. Flooring consists of light-colored plank flooring (likely LVP or engineered wood) and tile, all in excellent condition. Recessed lighting is prevalent, and there are no signs of wear, tear, or outdated components, aligning perfectly with the 'Excellent' criteria for a recently built or extensively renovated property with virtually new components and no deferred maintenance.
Year Built
2018
Close
-
List price
$3.35M
Original List price
$3.35M
Price/Sqft
$1,198
HOA
$329
Days on market
-
Sold On
-
MLS number
OC25076265
Home ConditionExcellent
Features
Patio
View-

About this home

Rare and spacious gem in the heart of Orchard Hills! Welcome to 247 Oceano—an exceptional single-family home nestled in one of Irvine’s most prestigious gated enclaves: the Reserve at Orchard Hills. With nearly 2,800 sq ft of elegantly designed living space on a rare, oversized 6,478 sq ft lot, this home offers a unique combination of privacy, openness, and modern luxury—something seldom found in this coveted community where most lots are significantly smaller. Inside, you’ll find 4 bedrooms and 3 full bathrooms, including one bedroom and one full bath conveniently located on the main floor—perfect for guests, multigenerational living, or a private office. The layout features wide open living areas, a chef’s kitchen with top-tier appliances and oversized island, and seamless indoor-outdoor flow ideal for entertaining. The spacious backyard is a private oasis with plenty of room for outdoor gatherings, play, or gardening. Upstairs, enjoy a large primary suite with a spa-like bath and expansive walk-in closet. Additional bedrooms are spacious and bright, ideal for guests, home office, or growing families. Residents of Reserve at Orchard Hills enjoy access to two luxurious clubhouses, each featuring resort-style pools, spas, cabanas, BBQ areas, and beautiful indoor-outdoor lounge spaces. Parks, sports courts, and scenic walking trails weave throughout the community, offering a lavish, family-friendly lifestyle in one of Irvine’s most serene hillside settings. This is also a fantastic investment opportunity—the home is currently occupied by an excellent long-term tenant who has lovingly maintained and significantly upgraded the property, including a beautifully improved backyard. The lease extends through May 2026, offering immediate rental income for investors. For buyers seeking to occupy the home, there may be an opportunity to negotiate with the tenant for an early move-out—flexibility is available. Don’t miss this rare opportunity—homes with lots of this size in Orchard Hills are extremely limited and rarely available!

B
Bingbing Han
Listing Agent
Condition Rating
Excellent

Built in 2018, this property is only 6 years old and has been 'significantly upgraded' as per the description. The images confirm a modern aesthetic throughout, featuring a chef's kitchen with white shaker cabinets, a large island, and what appear to be top-tier stainless steel appliances. Bathrooms are spa-like with freestanding tubs, dual vanities, modern fixtures, and walk-in showers with contemporary tiling. Flooring consists of light-colored plank flooring (likely LVP or engineered wood) and tile, all in excellent condition. Recessed lighting is prevalent, and there are no signs of wear, tear, or outdated components, aligning perfectly with the 'Excellent' criteria for a recently built or extensively renovated property with virtually new components and no deferred maintenance.
Pros & Cons

Pros

Cons

Browse Properties by State Browse housing market trends by state