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281 Burwood, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 5 bath

281 Burwood, Lake Forest, California 92630 home-pic-0
ACTIVE$2,450,000
281 Burwood, Lake Forest, California 92630
5Beds
5Baths
3,199Sqft
4,000Lot

Price Vs. Estimate

The estimated value ($2,331,823.335) is $118,176.665 (4%) lower than the list price ($2,450,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Premium Builder: Built in 2023 by Toll Brothers, ensuring modern design, quality construction, and adherence to current building codes.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4000, living area = 3199.

Compared to the nearby listings

Price:$2.45M vs avg $1.31M (+$1,140,000)94%
Size:3,199 sqft vs avg 2,130 sqft91%
Price/sqft:$766 vs avg $67576%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it virtually brand new. The listing explicitly states it's a 'beautifully upgraded Toll Brothers residence' with 'richly upgraded luxurious flooring,' 'high-end appliances,' 'custom accent walls,' 'piano key stair railings,' and 'electric curtains.' The images confirm a pristine, modern aesthetic throughout, including a state-of-the-art kitchen with stainless steel appliances, quartz countertops, and stylish backsplash, and contemporary bathrooms with new fixtures and finishes. All components appear new with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Year Built
2023
Close
-
List price
$2.45M
Original List price
$2.55M
Price/Sqft
$766
HOA
$250
Days on market
-
Sold On
-
MLS number
WS25094381
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Welcome to 281 Burwood—a beautifully upgraded Toll Brothers residence in the prestigious Lake Forest community. This 5-bedroom, 5-bathroom home offers 3,199 sq ft of sophisticated living space on a premium lot with no rear neighbors, a spacious backyard, and scenic mountain views from both the loft and patio. Inside, enjoy dramatic 20-foot ceilings in the living room and primary suite, highlighted by a designer RH chandelier and a stylish fireplace. A convenient main-floor bedroom with full bath provides flexibility for guests or multigenerational living. This home is richly upgraded with luxurious flooring chosen from the original builder, high-end appliances, custom accent walls, “piano key” stair railings, and electric curtains throughout. Paid-off solar panels offer energy efficiency with no added cost. With model-home style, modern functionality, and serene views, this home offers the perfect blend of luxury and comfort in one of Lake Forest’s most desirable neighborhoods.

Condition Rating
Excellent
This property was built in 2023, making it virtually brand new. The listing explicitly states it's a 'beautifully upgraded Toll Brothers residence' with 'richly upgraded luxurious flooring,' 'high-end appliances,' 'custom accent walls,' 'piano key stair railings,' and 'electric curtains.' The images confirm a pristine, modern aesthetic throughout, including a state-of-the-art kitchen with stainless steel appliances, quartz countertops, and stylish backsplash, and contemporary bathrooms with new fixtures and finishes. All components appear new with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Construction & Premium Builder: Built in 2023 by Toll Brothers, ensuring modern design, quality construction, and adherence to current building codes.
Extensive High-End Upgrades: Features luxurious flooring, high-end appliances, custom accent walls, 'piano key' stair railings, electric curtains, and a designer RH chandelier, offering a 'model-home style' finish.
Energy Efficiency with Paid Solar: Includes paid-off solar panels, providing significant energy cost savings and environmental benefits.
Desirable Lot & Scenic Views: Situated on a premium lot with no rear neighbors, a spacious backyard, and scenic mountain views from multiple vantage points, enhancing privacy and aesthetic appeal.
Flexible and Spacious Layout: Offers 5 bedrooms and 5 bathrooms across 3,199 sq ft, including a convenient main-floor bedroom with a full bath for guests or multi-generational living, and dramatic 20-foot ceilings.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4000, living area = 3199.
Listing Price Exceeds Estimated Value: The current list price of $2.45M is notably higher than the property's estimated value of $2.33M, which may require a price adjustment to align with market expectations.
Absence of Private Pool/Spa: Unlike some luxury comparables in the area, the property does not feature a private pool or spa, which could be a disadvantage for buyers seeking these amenities.
Competitive Market for New Builds: Located within a new development, the property faces strong competition from other recently built Toll Brothers homes with similar features, potentially affecting market absorption and negotiation leverage.

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