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

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

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Panoramic Views: The property boasts remarkable 180-degree, south-facing views encompassing city lights, Saddleback Mountain, Irvine Spectrum, San Joaquin Wetlands, Turtle Rock, UCI, and coastal vistas including Newport Beach, Fashion Island, Catalina Island, and Palos Verdes Peninsula.
Top Cons:
High Association Fees: The monthly association fee of $1802.0 is substantial and could be a significant ongoing cost for potential buyers, impacting overall affordability.

Compared to the nearby listings

Price:$2.20M vs avg $980.0K (+$1,219,000)94%
Size:2,052 sqft vs avg 1,447 sqft86%
Price/sqft:$1.1K vs avg $74694%

More Insights

Built in 2005 (21 years old).
Condition: Built in 2005, this penthouse is 19 years old, placing it within the 'Good' category's age range. The property is move-in ready with no immediate renovations required, featuring high-end upgrades such as marble flooring, granite countertops, and Viking appliances in the kitchen. Both the kitchen and bathrooms are in excellent, well-maintained condition with luxurious finishes and minimal wear and tear, consistent with a high-quality property that has been meticulously cared for.
Year Built
2005
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$1,072
HOA
$1,802
Days on market
-
Sold On
-
MLS number
OC25280350
Home ConditionGood
Features
Excellent View: Catalina, Golf Course, Mountain(s), Ocean
Deck
Pool
Spa
ViewCatalina,Golf Course,Mountain(s),Ocean

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.

K
Kevin Klaess
Listing Agent

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

Price History

Date
Event
Price
03/03/20
Sold
$1,548,000
01/03/08
Sold
$1,250,000
Condition Rating
Good
Built in 2005, this penthouse is 19 years old, placing it within the 'Good' category's age range. The property is move-in ready with no immediate renovations required, featuring high-end upgrades such as marble flooring, granite countertops, and Viking appliances in the kitchen. Both the kitchen and bathrooms are in excellent, well-maintained condition with luxurious finishes and minimal wear and tear, consistent with a high-quality property that has been meticulously cared for.
Pros & Cons

Pros

Panoramic Views: The property boasts remarkable 180-degree, south-facing views encompassing city lights, Saddleback Mountain, Irvine Spectrum, San Joaquin Wetlands, Turtle Rock, UCI, and coastal vistas including Newport Beach, Fashion Island, Catalina Island, and Palos Verdes Peninsula.
Luxury Finishes & Upgrades: The residence features high-end upgrades throughout, including marble flooring, granite countertops, Viking appliances, and Lutron automated shades and lighting, ensuring a premium living experience.
Extensive Community Amenities: Residents benefit from luxurious community amenities such as concierge service, a 5,000 sq ft fitness center with a yoga room, multiple club rooms, sports rooms, conference centers, a business center, and an impressive guest lobby.
Prime Location & Accessibility: Strategically located bordering Newport Beach and Irvine, the property offers convenient access to world-famous beaches, world-class shopping, and John Wayne Airport.
Penthouse-Style Single-Level Living: As a luxurious single-level penthouse-style home on the 12th floor, it provides exclusivity, convenience, and a sophisticated urban living experience with a spacious master suite and full-size laundry.

Cons

High Association Fees: The monthly association fee of $1802.0 is substantial and could be a significant ongoing cost for potential buyers, impacting overall affordability.
Limited Bedrooms for Square Footage: With 2 bedrooms for a 2,000 sq ft unit, some buyers seeking more dedicated rooms (e.g., for a home office, additional guest room, or larger family) might find the layout less flexible despite the overall spaciousness.
Urban High-Rise Living Trade-offs: While offering extensive amenities, high-rise living inherently comes with less private outdoor space compared to single-family homes and reliance on building management/HOA rules, which may not appeal to all luxury buyers.
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