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

5124 Scholarship
Irvine, California 92612
Property Price
SUMMARY
Analysis of 5124 Scholarship, Irvine, California 92612 is currently available with a list price of $2,199,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, this luxury penthouse is in move-in ready condition with high-end finishes. The kitchen is equipped with premium Viking appliances and granite countertops, while the living areas feature polished marble flooring and Lutron automation. Although the property is 20 years old, it has been exceptionally well-maintained with modern upgrades, fitting the 'good' criteria for its age and maintenance level.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Panoramic Views
The 12th-floor penthouse-style orientation offers rare 180-degree views spanning from Saddleback Mountain and the Irvine Spectrum to the Pacific Ocean and Catalina Island.
- High-End Interior Finishes
The residence is outfitted with premium upgrades including marble flooring, Viking appliances, and Lutron automated shades and lighting, ensuring a sophisticated and modern living environment.
- Comprehensive Luxury Amenities
Residents benefit from an extensive amenity package featuring 24/7 concierge service, a 5,000 sq ft fitness center, multiple club rooms, and a prime location bordering Newport Beach.
CONSRISKS & DEFICIENCIES
- Substantial Monthly HOA Fees
The association fee of $1,802 per month is significantly high, which may deter budget-conscious buyers or impact the property's investment yield.
- Lower-Rated School District
Despite the Irvine address, the property is served by the Santa Ana Unified School District, which has lower school ratings compared to the highly-coveted Irvine Unified School District.
About 5124 Scholarship
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 49,632 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1802.0 / Month
Neighborhood Insights
Irvine Unified Schools
Monroe Elementary School
Grades K-5 • 3.3 mi
Mcfadden Intermediate School
Grades 6-8 • 4.0 mi
Century High School
Grades 9-12 • 4.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 2,052 | 1,441 | 86% |
| Lot Size | 49,632 | 41,727 | 54% |
| Price | $2.20M | $980.0K | 97% |
| Price per sq ft | $1.1K | $747 | 97% |
| Built year | 2005 | 2003 | 58% |
| HOA | $1802.0 | $588 | 97% |
| Days on market | 72 | 169 | 14% |
Pricing History
Listed for Sale
Dec 25, 2025
$2,199,000
Initial Listing
Sold
Mar 3, 2020
$1,548,000
Public Record
Sold
Jan 3, 2008
$1,250,000
Public Record



































