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5124 Scholarship 1007, Irvine, California 92612, Irvine, 92612 - 2 bed, 3 bath

5124 Scholarship 1007, Irvine, California 92612 home-pic-0
ACTIVE$2,199,000
5124 Scholarship 1007, Irvine, California 92612
2Beds
3Baths
2,052Sqft
49,632Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Expansive Panoramic Views: The property offers remarkable 180-degree views, spanning city lights, mountains, wetlands, and coastal vistas including Catalina Island and Newport Beach, enhancing its luxury appeal.
Top Cons:
High Monthly Association Fees: The substantial monthly association fee of $1,802.00 significantly adds to the ongoing cost of ownership.

Compared to the nearby listings

Price:$2.20M vs avg $985.0K (+$1,214,000)93%
Size:2,052 sqft vs avg 1,447 sqft82%
Price/sqft:$1.1K vs avg $75193%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this penthouse-style home is 18 years old, falling within the 'Good' category's age range. The property features high-end finishes such as marble flooring, granite countertops, and Viking appliances, which are all in excellent condition and appear well-maintained. The kitchen, while featuring a classic wood cabinet and granite style, is fully equipped with high-quality appliances. Bathrooms are well-appointed with granite and modern fixtures. Carpets in bedrooms appear fresh, and the overall aesthetic is clean and luxurious. While not extensively renovated within the last 5 years to meet 'Excellent' criteria, its original high-quality construction and apparent meticulous upkeep make it move-in ready with no immediate renovations required.
Year Built
2006
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$1,072
HOA
$1,802
Days on market
-
Sold On
-
MLS number
OC25148884
Home ConditionGood
Features
Excellent View: City Lights, Golf Course, Mountain(s), Ocean, Pool
Deck
ViewCity Lights,Golf Course,Mountain(s),Ocean,Pool

About this home

luxurious single-level penthouse-style home located on the 12th floor of Plaza Irvine, featuring remarkable 180-degree views with a South-facing orientation. The 2,000 sq ft modern residence offers sweeping sit-down city light views from Saddleback Mountain, Irvine Spectrum, San Joaquin Wetlands, Turtle Rock, and UCI in the East to sunset and coastal views of Newport Beach, Fashion Island, Catalina Island, and Palos Verdes Peninsula in the West. The home includes high-end upgrades such as marble flooring, granite countertops, Viking appliances, Lutron automated shades and lighting, a large master suite with coastal views, a walk-in closet, walk-in shower, spa tub, water closet, dual vanity, a full-size laundry room with built-in cabinetry, and a guest room with an ensuite bath. Additional features include convenient side-by-side parking and an oversized storage unit. The community offers luxurious amenities, including concierge service, a 5,000 sq ft fitness center with a yoga room, two club rooms, two sports rooms, two conference centers, a business center, and an impressive guest lobby. The location borders Newport Beach and Irvine, providing easy access to world-famous beaches, world-class shopping, and John Wayne Airport.

Nearby schools

4/10
Monroe Elementary School
Public,•K-5•3.3mi
3/10
Mcfadden Intermediate School
Public,•6-8•4.0mi
3/10
Century High School
Public,•9-12•4.4mi
Condition Rating
Good
Built in 2006, this penthouse-style home is 18 years old, falling within the 'Good' category's age range. The property features high-end finishes such as marble flooring, granite countertops, and Viking appliances, which are all in excellent condition and appear well-maintained. The kitchen, while featuring a classic wood cabinet and granite style, is fully equipped with high-quality appliances. Bathrooms are well-appointed with granite and modern fixtures. Carpets in bedrooms appear fresh, and the overall aesthetic is clean and luxurious. While not extensively renovated within the last 5 years to meet 'Excellent' criteria, its original high-quality construction and apparent meticulous upkeep make it move-in ready with no immediate renovations required.
Pros & Cons

Pros

Expansive Panoramic Views: The property offers remarkable 180-degree views, spanning city lights, mountains, wetlands, and coastal vistas including Catalina Island and Newport Beach, enhancing its luxury appeal.
Luxury Interior Finishes & Smart Home: Features high-end upgrades such as marble flooring, granite countertops, Viking appliances, and Lutron automated shades and lighting, providing a sophisticated living experience.
Premium Community Amenities: Residents benefit from extensive luxury amenities including concierge service, a 5,000 sq ft fitness center with a yoga room, multiple club rooms, sports rooms, conference centers, and a business center.
Strategic Location & Accessibility: Located bordering Newport Beach and Irvine, providing easy access to world-famous beaches, world-class shopping, and John Wayne Airport.
Spacious Penthouse-Style Living: A luxurious 2,000 sq ft single-level penthouse-style home on the 12th floor, featuring a large master suite, full-size laundry room, and convenient side-by-side parking with oversized storage.

Cons

High Monthly Association Fees: The substantial monthly association fee of $1,802.00 significantly adds to the ongoing cost of ownership.
Limited Private Outdoor Space: As a high-rise condominium, private outdoor space is typically limited to a balcony, which may not appeal to buyers seeking a private yard or extensive outdoor living area.
Condominium Lifestyle Constraints: Despite its luxury, the property is subject to HOA rules and regulations, and potential for shared wall noise or common area density, which might not appeal to all buyers seeking complete autonomy.

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