54 Peony, Irvine, California 92618, Irvine, 92618 - 2 bed, 2 bath
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54 Peony
Irvine, California 92618
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
2Baths
1,665Sq Ft
9,462Lot Size
Property Price
LIST PRICE$1,025,000
EST. MARKET VALUE
$987,845
3% AboveMARKET VALUE
SUMMARY
This Turnkey Carriage-Style Condo is a Strong Value Opportunity, listed at $950,000—positioned well below the $948,136 Fair Market Value (effectively at market parity). Featuring a Condition Rating of 3, this home offers premium upgrades including Engineered Wood Flooring and Marble & Granite Counters. Located in the prestigious Woodbury East community and zoned for the Top-Rated Irvine Unified School District, it provides a sophisticated lifestyle with resort-style amenities. This property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready residence in a premier location.
Estimated Market Value
$987,845
Based on Realkey algorithm analyzing recent comparable sales in Irvine.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 54 Peony Subject 2 bd · 2 ba · 1,665 sqft · $593 | $1,025,000* List Price | 2 | 2 | 1,665 | $593 | - |
A 54 Hedge Bloom Sold 2 bd · 3 ba · 1,206 sqft · $792 · 0.1 mi | $955,000 | 2 | 3 | 1,206 | $792 | 0.1 mi |
B 250 Cultivate Sold 2 bd · 3 ba · 1,694 sqft · $610 · 0.8 mi | $1,033,000 | 2 | 3 | 1,694 | $610 | 0.8 mi |
C 250 Novel Sold 2 bd · 3 ba · 1,527 sqft · $614 · 0.7 mi | $938,000 | 2 | 3 | 1,527 | $614 | 0.7 mi |
D 125 Mongoose Sold 2 bd · 3 ba · 1,694 sqft · $617 · 0.8 mi | $1,045,000 | 2 | 3 | 1,694 | $617 | 0.8 mi |
E 723 Spring Garden Sold 3 bd · 3 ba · 1,706 sqft · $692 · 0.4 mi | $1,180,000 | 3 | 3 | 1,706 | $692 | 0.4 mi |
F 142 Hedge Bloom Active 3 bd · 3 ba · 1,390 sqft · $740 · 0.2 mi | $1,028,888 List Price | 3 | 3 | 1,390 | $740 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2010 (16 years old), this property is well-maintained and move-in ready. The kitchen features modern upgrades including granite/marble countertops, stainless steel appliances, and upgraded cabinetry, complemented by engineered wood flooring throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Jeffrey Trail Middle (9/10). High School: Irvine High School (9/10).
- Premier Location & Schools
Situated in the highly sought-after Woodbury East community and zoned for the award-winning Irvine Unified School District, this property offers exceptional long-term value and access to top-tier education.
- Modern Dual-Primary Layout
The carriage-style floorplan features dual primary suites and high ceilings, complemented by premium upgrades like engineered wood flooring and marble countertops, providing a sophisticated and functional living space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9462, other record lot size in square feet = 9515.
- Significant Price Adjustment
A substantial price reduction from the original listing of $1.188M to $950K suggests initial overvaluation or a shift in market demand that requires careful due diligence.
- Limited Outdoor Space & Views
As a carriage-style condominium, the property lacks private yard space and offers limited neighborhood views, which may not appeal to buyers seeking traditional single-family home privacy.
About 54 Peony
Amazing opportunity to plant roots in one of Irvine's most desirable communities. This bright 2-bed, 2.5-bath two-story carriage style condo in Woodbury East lives large thanks to a smart floorplan with dual primary suites, a convenient half bath, and soaring high ceilings and attached 2-car garage. The kitchen opens to the dining and living areas perfect for everyday ease and entertaining. Beautifully upgraded with engineered wood flooring, marble & granite counters, Mediterranean tile in the baths, upgraded kitchen cabinetry, and custom wood blinds. Positioned at the back of the community, giving more of a single family home feel. Enjoy resort-style amenities: junior Olympic pool, wading pool, BBQ areas, fitness center, and tennis courts. Minutes from Woodbury Shopping Center (Ralph's, Trader Joe's, dining), with quick access to the 5, 405, and toll roads. Zoned for the award-winning Irvine Unified School District the best in Orange County. A rare chance to secure your place. Come see it before it's gone!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2010
- Lot Size
- 9,462 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $432.0 / Month
Neighborhood Insights
Irvine Unified Schools
Woodbury Elementary School
Grades K-6 • 0.6 mi
8/10
Jeffrey Trail Middle
Grades 7-8 • 0.9 mi
9/10
Irvine High School
Grades 9-12 • 2.2 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,665 | 1,685.105 |
| Lot Size | 9,462 | 42,358.594 |
| Price | $1.02M | $1.21M |
| Price per sq ft | $616 | $740 |
| Built year | 2010 | 2010 |
| HOA | $432.0 | $280 |
| Days on market | 55 | 61 |
Pricing History
Listed for Sale
Oct 2, 2026
$1,025,000
$950,000
+8% Price Increase
Initial Listing
Price Change
Sep 15, 2026
$950,000
$1,188,000
-20% Price Drop
Initial Listing
Price Change
Aug 31, 2026
$1,188,000
Initial Listing
Sold
Aug 14, 2012
$438,500
Public Record