40 Waterspout, Irvine, California 92620, Irvine, 92620 - 4 bed, 4 bath

40 Waterspout, Irvine, California 92620 home-pic-0

40 Waterspout

Irvine, California 92620

ACTIVE
CONDITION: GOOD
4Beds
4Baths
2,718Sq Ft
3,666Lot Size

Property Price

LIST PRICE$2,199,888
EST. MARKET VALUE
$2,213,190

SUMMARY

Analysis of 40 Waterspout, Irvine, California 92620 reveals a Fairly Priced Property with a current list price of $2,199,888  aligned with the estimated $2,213,190 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,213,190
Based on Realkey algorithm analyzing recent comparable sales in Irvine.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
40 Waterspout
Subject
$2,199,888*
List Price
442,718$814-
A
61 Acorn Glen
Sold
$2,300,000432,734$8410.3 mi
B
72 Honeyflower
Sold
$1,961,600432,535$7740.5 mi
C
25 Sanctuary
Sold
$2,320,000442,695$8610.1 mi
D
27 Looking Glass
Sold
$2,600,000543,294$7890.4 mi
E
73 Bloomington
Sold
$2,300,000442,802$8210.4 mi
F
112 Velvet Leaf
Sold
$2,238,000542,630$8510.4 mi
G
70 Twin Gables
Active
$2,199,000
List Price
432,482$8860.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Built in 2005, the property is approximately 20 years old and remains in move-in ready condition. It features significant functional upgrades including a newer HVAC system and paid solar panels, which extend the lifespan of major systems. The interior has been freshly repainted, and the kitchen is well-equipped with high-end features like double ovens and a built-in refrigerator. While the styling reflects its original construction era, the lack of deferred maintenance and the presence of modern efficiency upgrades align with the 'good' classification.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Middle School: Jeffrey Trail Middle (9/10). High School: Irvine High School (9/10).

  • Versatile Multi-Generational Layout

    The floor plan features a rare main-floor bedroom with a full bath and a private third-story bonus suite, providing exceptional flexibility for guests, extended family, or a secluded home office.

  • Energy Efficiency & Smart Upgrades

    The inclusion of paid solar panels and a newer HVAC system offers significant long-term utility savings and peace of mind, complemented by a fresh, move-in-ready interior.

CONSRISKS & DEFICIENCIES

  • 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 = 3666, living area = 2718.

  • Limited Outdoor Space

    With a lot size of approximately 3,666 square feet, the backyard is compact and low-maintenance, which may not appeal to buyers seeking a large garden or expansive play area.

  • Vertical Living Constraints

    The three-story configuration requires significant stair usage for daily living, which could be a deterrent for some buyers despite the presence of an optional chair lift.

About 40 Waterspout

From the moment you step inside, the home feels both spacious and intentional. With 4 bedrooms, 4 full bathrooms, and approximately 2,718 square feet, every level offers room to live, gather, and grow. On the main floor, a rare bedroom with a full bath creates immediate versatility - perfect for visiting family, multigenerational living, or a quiet home office tucked away from the rest of the house. At the center of it all is the kitchen - expansive, welcoming, and designed for connection. Double ovens, a built-in refrigerator, and an oversized island anchor the space, while generous cabinetry and counter space make everyday life feel organized and effortless. It opens seamlessly to the living area, making weeknight dinners and weekend gatherings equally comfortable. Freshly repainted from top to bottom, the home carries a bright, move-in-ready energy. Paid solar panels and a newer HVAC system add a layer of smart efficiency - thoughtful upgrades that quietly contribute to long-term savings. Upstairs, the primary suite feels like a retreat at the end of the day. Two closets, dual sinks, a soaking tub, and separate shower create a space that is both functional and restorative. A second-floor laundry room with a sink adds convenience exactly where you need it. Throughout the home, three built-in desk areas provide natural spaces for work, study, or creativity - designed for the way we truly live today. One of the home’s most special features awaits on the top floor: a bonus room with its own full bathroom. Whether envisioned as a fifth bedroom, private guest suite, media room, home gym, or kids’ hangout, this flexible space adapts as life evolves. An optional chair lift offers accessibility and can be removed at the buyer’s request. Outside, the private backyard is peaceful and low-maintenance, with turf and excellent privacy — a place to unwind, entertain, or simply enjoy a quiet morning. Living in Woodbury means enjoying parks, pools, and walking trails just moments away, easy access to the Great Park — without the higher Mello Roos — and placement within the highly regarded Portola High School, rated 10/10 on GreatSchools. 40 Waterspout is more than a home with great square footage — it’s a space designed to evolve with you, offering flexibility, efficiency, and long-term value in one of Irvine’s most established and sought-after communities.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2005
Lot Size
3,666 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$210.0 / Month

Neighborhood Insights

Irvine Unified Schools

Woodbury Elementary School

Grades K-6 • 0.4 mi

8/10

Jeffrey Trail Middle

Grades 7-8 • 0.5 mi

9/10

Irvine High School

Grades 9-12 • 1.7 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths4.03.0
63%
Square foot2,7182,550
65%
Lot Size3,6665,000
20%
Price$2.20M$1.96M
59%
Price per sq ft$809$837
41%
Built year20051996
63%
HOA$210.0$135
85%
Days on market50186
4%

Pricing History

Listed for Sale

Jan 16, 2026

$2,199,888

Initial Listing

Sold

Dec 6, 2005

$954,500

Public Record

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