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

5124 Scholarship, Irvine, California 92612 home-pic-0

5124 Scholarship

Irvine, California 92612

ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
3Baths
2,052Sq Ft
49,632Lot Size

Property Price

LIST PRICE$2,199,000

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

Good
TeardownExcellent

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

4/10

Mcfadden Intermediate School

Grades 6-8 • 4.0 mi

3/10

Century High School

Grades 9-12 • 4.4 mi

3/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths3.02.0
71%
Square foot2,0521,441
86%
Lot Size49,63241,727
54%
Price$2.20M$980.0K
97%
Price per sq ft$1.1K$747
97%
Built year20052003
58%
HOA$1802.0$588
97%
Days on market72169
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

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