
Lake Forest, California 92630
This Luxury Condominium Residence is listed at $1,398,000, representing a premium lifestyle choice with an Excellent Condition Rating. While the price sits above the $1,273,961 Fair Market Value, it reflects over $200,000 in designer upgrades and its status as a former Lennar model home. The residence features a Gourmet Island Kitchen, Saddleback Mountain Views, and a rare Private Wrap-Around Yard. Residents of Serrano Summit enjoy resort amenities and top-tier Saddleback Valley Unified schools. This turnkey sanctuary is the perfect fit for Owner-Occupants or growing families seeking a move-in-ready masterpiece.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 269 Siena Subject | $1,375,000* List Price | 4 | 3 | 2,010 | $630 | - |
A 168 Denali Sold | $1,255,000 | 4 | 3 | 1,909 | $657 | 0.0 mi |
B 329 Adela Sold | $1,050,000 | 3 | 4 | 1,734 | $606 | 0.0 mi |
C 335 Adela Sold | $1,042,000 | 3 | 4 | 1,703 | $612 | 0.0 mi |
D 225 Denali Sold | $1,428,000 | 4 | 4 | 2,401 | $595 | 0.1 mi |
E 233 Denali Sold | $1,280,000 | 4 | 3 | 2,010 | $637 | 0.1 mi |
F 457 Palermo Sold | $1,110,000 | 4 | 4 | 2,020 | $550 | 0.1 mi |
G 259 Siena Active | $1,265,000 List Price | 4 | 4 | 2,179 | $581 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2020, this former model home is in pristine condition and meets all criteria for an excellent rating. The property features over $200,000 in high-end upgrades, including a modern kitchen with premium stainless steel appliances and quartz countertops, designer light fixtures, and contemporary bathrooms with marble-look tiling. With integrated smart home technology, a tankless water heater, and a fully equipped outdoor kitchen, all components are virtually new with no signs of wear or deferred maintenance.
As a former Lennar model home, this residence features over $200,000 in high-end upgrades, including designer lighting, integrated smart home technology, and premium finishes that present in like-new condition.
The rare corner location provides a private wrap-around yard featuring a built-in BBQ, outdoor refrigerator, and fire pit, offering a level of outdoor utility and privacy seldom found in this community.
The property offers significant long-term value with a combination of low HOA dues, a very low property tax rate, and the rare absence of Mello-Roos assessments for newer construction.
Despite its spacious layout and private yard, the property is legally classified as a condominium, which may deter buyers specifically seeking traditional detached single-family fee-simple ownership.
At a list price of nearly $1.4 million for 2,010 square feet, the property commands a significant premium that may challenge appraisal values or limit the pool of budget-conscious buyers.
Lennar Builder Model Home with over $200,000 in premium upgrades in the house and yard!!! Built in 2020, this rare Oreste Residence 2 is located in the most desired Serrano Summit Community. Featuring a striking Spanish-style façade and a rare corner location offering exceptional privacy, Saddleback Mountain view, and it presents as if it has never been lived in. One of the most sought-after floor plans in the community, two levels, direct-access 2-car garage, 4 bedrooms, and 3 bathrooms, including a main-level bedroom and full bath with shower. Upstairs offers three additional spacious bedrooms, guest bath with dual sinks, an ultra-luxurious primary suite with a huge walk-in closet, dual-sink vanity, water closet, soaking tub and separate walk-in shower. The upper level also features a true laundry room with abundant cabinetry, counter space, and a side-by-side washer and dryer. The open-concept great room is centered around a spacious island kitchen with upgraded finishes, pantry storage, and seamless flow from the dining and living areas to rare wrap-around yard, a private outdoor retreat complete with a built-in BBQ, outdoor refrigerator, and fire pit—perfect for entertaining and enjoying Southern California’s indoor-outdoor lifestyle. Features smart panel and data wiring to each room, built-in wifi networking, TV prewire in 4 bedrooms & great room, in-ceiling speakers in great room and primary suite, Quiet Cool whole house fan, designer light fixtures, recessed LED lights in all rooms, gas or electric dryer hookups, tankless water heater, soft-close cabinetry, 200 amp electric panel ready for car charger, energy efficient construction, hundreds of thousands of dollars in high style upgrades. Residents of Serrano Summit enjoy outstanding resort-style amenities including a clubhouse with banquet and meeting facilities, billiards room, beach-entry pool and spa, cabanas, outdoor kitchens and BBQ areas, fire pits, pickleball courts, basketball, and community parks. Ideally located near shopping, dining, and major transportation routes, the home is set within a welcoming community with desirable schools and immediate proximity to Irvine. With low HOA dues, a very low property tax rate, and no Mello-Roos, this immaculate, move-in-ready home offers a rare opportunity in one of Lake Forest’s premier newer communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 94% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 2,010 | 1,037 | 94% |
| Lot Size | - | 162,510 | 27% |
| Price | $1.38M | $625.0K | 97% |
| Price per sq ft | $684 | $603 | 82% |
| Built year | 2020 | 1983 | 90% |
| HOA | $385.0 | $460 | 30% |
| Days on market | 34 | 155 | 1% |
Apr 19, 2026
$1,375,000
$1,398,000
-2% Price Drop
Initial Listing
Mar 19, 2026
$1,398,000
Initial Listing
Nov 24, 2021
$1,145,000
Public Record