27321 Lost Colt Drive, Laguna Hills, California 92653, Laguna Hills, 92653 - 4 bed, 4 bath

27321 Lost Colt Drive, Laguna Hills, California 92653 home-pic-0
ACTIVE$3,580,000
27321 Lost Colt Drive, Laguna Hills, California 92653
4Beds
4Baths
3,886Sqft
30,000Lot
Year Built
1988
Close
-
List price
$3.58M
Original List price
$3.58M
Price/Sqft
$921
HOA
$182
Days on market
-
Sold On
-
MLS number
PF25056554
Home ConditionFair
Features
Deck
Pool
Spa
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,7 Pros. Rank: price - $3.58M(91th), sqft - 3886(84th), beds - 4(50th), baths - 4(75th).

Blank canvas - motivated seller - great opportunity for a fixer specialist or owner/user to add instant value by making a few cosmetic improvements, and recreate a luxury entertainer's retreat or perfect family home. Situated in the coveted Nellie Gail community of Laguna Hills, this property boasts a magnificently designed resort-style back yard allowing for entertaining, family activities, and growing areas for fruit and vegetables, along with custom kennels and dog runs for dog lovers. There is also a sports court, patio with cover, and the large salt water pool and spa has its own separate solar heater, as does the house, all fully owned. The interior boasts an open floor plan, gourmet kitchen with island, separate living and dining areas, a family room that doubles as a movie theatre, complete with its own wet bar. There is one bedroom suite on the lower level, and a laundry room, whilst upstairs are three more bedrooms. There is a large split level principal bedroom with two walk in closets, bath and balcony with spiral staircase to the back yard. The larger of the two remaining bedrooms can be used as a home studio, or even converted into two small bedrooms. Enjoy all the amenities of the Nellie Gail Ranch community, such as horse riding, swimming pool, parks and nearby Saddleback Valley Unified Schools.

Nearby schools

6/10
Marian Bergeson Elementary School
Public,K-50.8mi
7/10
Valencia Elementary School
Public,K-61.9mi
7/10
Aliso Viejo Middle School
Public,6-81.5mi
7/10
La Paz Intermediate School
Public,7-82.7mi
9/10
Aliso Niguel High School
Public,9-121.6mi
7/10
Laguna Hills High School
Public,9-122.0mi
Condition Rating
Fair

The property was built in 1988, making it 36 years old. The listing explicitly states it's a 'blank canvas' and requires 'a few cosmetic improvements' to add value, indicating that while functional, the interior, including the kitchen and bathrooms, is likely outdated and needs renovation to meet modern standards. The exterior appears well-maintained, but the interior requires minor updates.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30000, living area = 3886.
Great Schools: High School: Aliso Niguel High School (9/10).
Prime Nellie Gail Location: Situated in the highly coveted Nellie Gail community, offering exclusive amenities like equestrian trails, pools, parks, and access to top-rated Saddleback Valley Unified Schools.
Extensive Outdoor Entertainment: Features a magnificently designed resort-style backyard with a large saltwater pool and spa (solar heated), sports court, covered patio, and dedicated areas for gardening and pets.
Owned Solar Systems: Benefits from fully owned solar heating for both the pool/spa and the house, contributing to energy efficiency and reduced utility expenses.
Flexible & Amenity-Rich Interior: Boasts an open floor plan, gourmet kitchen with island, a family room convertible to a movie theatre with a wet bar, a convenient downstairs bedroom suite, and a luxurious split-level principal bedroom.
Significant Value-Add Potential: Presented as a 'blank canvas' and 'fixer specialist opportunity,' allowing a new owner to customize and add substantial instant value through cosmetic improvements.

Cons

Requires Cosmetic Updates: The property is explicitly marketed as a 'blank canvas' needing 'a few cosmetic improvements,' indicating immediate investment for modernization to meet luxury standards.
Potential Overpricing: The current listing price is significantly higher than the property's estimated value (estimation ratio -34%), which may impact market appeal and negotiation leverage.
Aging Infrastructure (Implied): Built in 1988, the property's age suggests potential for future updates to major systems (e.g., HVAC, plumbing, electrical) that are not highlighted as recent upgrades.

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