24882 Timberwood Way, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 3 bath
24882 Timberwood Way
Lake Forest, California 92630
Property Price
SUMMARY
Analysis of 24882 Timberwood Way, Lake Forest, California 92630 reveals a property with a current list price of $1,775,000, which is 11% above the estimated $1,588,993 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Forest Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24882 Timberwood Way Subject | $1,775,000* List Price | 5 | 3 | 2,912 | $546 | - |
A 21832 Bass Lake Sold | $1,525,000 | 6 | 4 | 2,890 | $528 | 0.4 mi |
B 24932 Dove Tree Lane Sold | $1,625,000 | 5 | 3 | 3,075 | $528 | 0.2 mi |
C 24975 Heartwood Circle Sold | $1,440,000 | 4 | 3 | 2,728 | $528 | 0.1 mi |
D 24966 Valley Rim Terrace Sold | $1,440,000 | 5 | 3 | 2,598 | $554 | 0.1 mi |
E 22556 Charwood Circle Sold | $1,470,000 | 5 | 3 | 2,611 | $563 | 0.4 mi |
F 24311 Peacock St Sold | $1,360,000 | 5 | 4 | 2,969 | $458 | 0.6 mi |
G 22831 Costa Bella Active | $1,299,900 List Price | 5 | 3 | 2,714 | $479 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1976 home has been completely gutted and reimagined with a high-end designer remodel within the last year. It features a modern kitchen with marble waterfall countertops and GE Café appliances, spa-inspired bathrooms, luxury vinyl plank flooring, and comprehensive system upgrades including a new 200-amp electrical panel, newer HVAC, and dual-pane windows.
PROSSTRENGTHS & OPPORTUNITIES
- High-End Designer Remodel
The property has been completely gutted and reimagined with premium finishes, including matte gray marble waterfall countertops, GE Café appliances, and solid white oak doors, offering a turnkey luxury experience.
- Comprehensive Infrastructure Upgrades
Significant capital improvements including new dual-pane windows, a 200-amp electrical panel, newer HVAC, and a new water heater provide long-term value and peace of mind for the buyer.
- Exclusive Community Amenities
Residents benefit from resort-style living with access to the Sun & Sail Club’s extensive facilities, including multiple pools, tennis and pickleball courts, a fitness center, and a clubhouse.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-06-09. The sold price is $1,220,000.00. The property was recently sold within the past year on 2025-06-09. The sold price is $1,160,000.00.
- Limited Bathroom Count
For a large five-bedroom residence exceeding 2,900 square feet, the 2.5-bathroom configuration may be considered insufficient for high-occupancy families or guests.
- Market Positioning
The recent price reduction from the original listing suggests the initial pricing may have been aggressive relative to the 1976 vintage and lot size within the current Lake Forest market.
About 24882 Timberwood Way
Stunning Designer-Remodeled Home in “The Woods” Community of Lake Forest. Completely reimagined from top to bottom, this exceptional 5-bedroom, 2.5-bathroom residence offers approximately 2,900 sq. ft. of luxurious living space on a generous 7,100 sq. ft. lot. Nestled on a quiet, interior street within the highly sought-after “Woods” neighborhood, this south-facing home blends modern elegance with the tranquility of its natural surroundings. The interior was gutted and rebuilt with premium designer finishes throughout. The kitchen is a showpiece, featuring matte gray marble waterfall countertops, high-end cabinetry, matte black GE Café appliances, and a custom-built range hood. The kitchen flows seamlessly into the breakfast nook and family room, creating an inviting open-concept living space. A separate formal living and dining room provides the perfect setting for entertaining larger gatherings. The spacious master suite impresses with a large walk-in closet, solid white oak wood barn doors, and a spa-inspired bathroom boasting a custom glass shower enclosure, stand-alone soaking tub, and dual vanities. Secondary bedrooms are generously sized, while the secondary bathroom offers dual sinks, designer tilework, and a custom shower/tub enclosure. A downstairs bedroom adds flexibility for guests or a home office. A versatile FlexSpace provides options for yoga, study, or additional storage. The 3-car garage, refreshed landscape and hardscape, and new interior and exterior paint complete the package. Additional highlights include new dual-pane windows, solid white oak wood interior doors, luxury vinyl plank flooring, designer carpet, recessed lighting with fan boxes in every bedroom, newer HVAC, new water heater, and a 200-amp electrical panel. Enjoy resort-style living with exclusive access to the nearby Sun & Sail Club—featuring pools, tennis courts, pickleball, fitness center, clubhouse, and scenic walking trails—all just a short walk away. With only a few streets in this secluded section of The Woods, this rare offering combines luxury, privacy, and an unbeatable community lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 7,100 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200.0 / Month
Neighborhood Insights
Lake Forest Unified Schools
Santiago Elementary School
Grades K-6 • 0.6 mi
La Madera Elementary School
Grades K-6 • 0.8 mi
Serrano Intermediate School
Grades 7-8 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,912 | 2,185.5 | 81% |
| Lot Size | 7,100 | 5,400 | 72% |
| Price | $1.77M | $1.37M | 78% |
| Price per sq ft | $610 | $675 | 31% |
| Built year | 1976 | 1978 | 36% |
| HOA | $200.0 | $140 | 61% |
| Days on market | 52 | 178 | 7% |
Pricing History
Listed for Sale
Feb 10, 2026
$1,775,000
$1,795,000
-1% Price Drop
Initial Listing
Price Change
Jan 14, 2026
$1,795,000
Initial Listing
Sold
Jun 9, 2025
$1,220,000
Public Record
Sold
Jun 9, 2025
$1,160,000
Public Record