320 Gatway, Irvine, California 92618, Irvine, 92618 - 4 bed, 4 bath

320 Gatway, Irvine, California 92618 home-pic-0
ACTIVE$1,609,990
320 Gatway, Irvine, California 92618
4Beds
4Baths
2,236Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction (2025): Offers modern design, energy efficiency, and minimal immediate maintenance, providing a move-in ready experience.
Top Cons:
Condominium Status & HOA Dues: Despite its house-like appearance, it's a condominium, entailing potential HOA regulations and a recurring $260 monthly association fee.

Compared to the nearby listings

Price:$1.61M vs avg $1.38M (+$230,000)71%
Size:2,236 sqft vs avg 2,015 sqft67%
Price/sqft:$720 vs avg $69856%

More Insights

Built in 2025 (0 years old).
Condition: This property is brand new construction, built in 2025, and features modern design, energy-efficient systems, and high-quality finishes throughout. The kitchen is equipped with new stainless steel appliances, and the overall condition is pristine with no deferred maintenance, meeting the highest current quality standards.
Year Built
2025
Close
-
List price
$1.61M
Original List price
$1.73M
Price/Sqft
$720
HOA
$260
Days on market
-
Sold On
-
MLS number
OC25044431
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Selene Residence 3 is a beautiful traditional 2-story home with an open and inviting living and kitchen area. This collection offers generous side yards with plenty of room to spread out and entertain. The home boasts a first floor ensuite bedroom in addition to powder bath for guests. Upstairs you will find 3 more bedrooms including an impressive owner's suite with a spacious walk-in closed equipped with a double sided mirror and shelving. A loft area completes the upstairs area and provides for an additional living area or office. At Lennar, everything is included so you will receive beautiful, thoughtful finishes throughout the home. All appliances are stainless steel and the refrigerator is included too. Our process to buy is the easiest and lest expensive in the industry. All you have to do is to select the flooring for the home, upgrade the backsplash if you wish and select from either a 25 year lease for Solar or a Solar Purchase. This can be used for flooring, solar purchase or closing costs. Schedule to see this home today!

Condition Rating
Excellent

This property is brand new construction, built in 2025, and features modern design, energy-efficient systems, and high-quality finishes throughout. The kitchen is equipped with new stainless steel appliances, and the overall condition is pristine with no deferred maintenance, meeting the highest current quality standards.
Pros & Cons

Pros

New Construction (2025): Offers modern design, energy efficiency, and minimal immediate maintenance, providing a move-in ready experience.
Prime Irvine Location: Situated in the highly sought-after Great Park area, known for its top-rated schools, community amenities, and high quality of life.
Versatile Floor Plan: Features an open-concept main level, a convenient first-floor en-suite bedroom, and an adaptable upstairs loft, catering to diverse living needs.
Premium Inclusions: Lennar's 'Everything's Included' program provides high-quality finishes and stainless steel appliances, including a refrigerator, reducing additional buyer expenses.
Generous Outdoor Space: The property boasts generous side yards, offering valuable private outdoor space for recreation and entertaining, a significant asset for new construction.

Cons

Condominium Status & HOA Dues: Despite its house-like appearance, it's a condominium, entailing potential HOA regulations and a recurring $260 monthly association fee.
Mandatory Solar Decision: Requires buyers to choose between a 25-year solar lease or purchase, adding a long-term financial commitment or upfront cost.
Price Adjustment: The property has undergone a price reduction from its original listing, potentially signaling initial overpricing or a slower-than-anticipated market response.

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