28344 Water Way, Silverado Canyon, California 92676, Silverado Canyon, 92676 - 2 bed, 1 bath
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Silverado Canyon, California 92676
This Remodeled Creekside Retreat is a Prime Investment Opportunity listed at $765,000—positioned well below the $794,620 Fair Market Value by 3%. This valuation gap offers $29,620 in Instant Equity for a property boasting a Like-New Condition Rating following an extensive high-quality renovation. The home features a luxury walk-in shower, versatile loft space, and a verdant creekside garden within the Orange Unified School District. It is an exceptional find for nature enthusiasts or first-time buyers seeking a turnkey sanctuary with immediate financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28344 Water Way Subject | $765,000* List Price | 2 | 1 | 782 | $1,016 | - |
A 29145 Shadybrook Active | $625,000 List Price | 1 | 1 | 572 | $1,093 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1930, the property has undergone an extensive and high-quality recent renovation. The interior features a modern open floor plan with updated flooring, recessed lighting, and a contemporary kitchen with stainless steel appliances. The bathroom is fully modernized with a luxury walk-in shower and bidet. All visible components, including the fireplace and loft area, appear to be in like-new condition with no signs of deferred maintenance.
The home has been beautifully remodeled with high-end finishes, including a luxurious bathroom with a walk-in shower and bidet, seamlessly blending modern convenience with its original 1930s character.
Situated directly along a tranquil creek with a front deck overlooking the water and garden, the property offers a serene and picturesque outdoor living experience unique to Silverado Canyon.
A unique loft area provides essential flexible space for a home office, art studio, or guest sleeping quarters, maximizing the utility of the home's footprint.
With only 782 square feet of living space, the interior may feel restrictive for larger households or those requiring significant storage and room to spread out.
Originally built in 1930, the property may present maintenance challenges or insurance complexities common to older canyon homes, such as aging foundational elements or environmental hazard considerations.
This creekside canyon charmer is a beautifully remodeled home that blends modern upgrades with cozy rustic charm. Enter from the front deck overlooking the tranquil creek and garden. The open floor plan is highlighted by an inviting living room fireplace, perfect for creating a relaxing ambiance. The luxurious remodeled bathroom features a walk-in shower, custom tile, and storage. A unique loft space offers additional space for an office, art studio, workout, or sleeping area. A fully enclosed back yard provides a quiet ambiance, and has additional storage and a wooden deck. The verdant, creekside garden includes a variety of fruit trees including a Haas Avocado. The convenience of downtown Silverado is just a short stroll away, making it easy to get the mail, grab a coffee at the Silverado Kitchen and Market, attend a lively taco Tuesday at the Cafe, or simply greet neighbors and friends. Silverado is a throwback to more gentle times, yet only minutes from all that Orange County has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 12% |
| Baths | 1.0 | 4.0 | 12% |
| Square foot | 782 | 3,072 | 6% |
| Lot Size | 3,900 | 13,636 | 12% |
| Price | $765.0K | $1.30M | 18% |
| Price per sq ft | $978 | $643 | 94% |
| Built year | 1930 | 1990 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 217 | 6% |
Apr 8, 2026
$765,000
$799,000
-4% Price Drop
Initial Listing
Mar 20, 2026
$799,000
$835,000
-4% Price Drop
Initial Listing
Feb 27, 2026
$835,000
Initial Listing
Apr 26, 2022
$605,000
Public Record
Jul 9, 2021
$540,000
Public Record
Dec 29, 2011
$221,500
Public Record
Nov 14, 2002
$315,000
Public Record