
Irvine, California 92603
This property presents a High-Potential Investment Opportunity with a List Price of $2,950,000—positioned well below the $2,986,224 Fair Market Value by 1%. This valuation gap offers $36,224 in Instant Equity. Featuring a Condition Rating of 5, this original 1972 ranch-style home on an 11,560 sq ft lot provides a rare blank canvas for value-add renovation. Zoned for top-rated schools like University High, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to personalize a premium Irvine asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5552 Southall Terrace Subject | $2,950,000* List Price | 3 | 3 | 2,384 | $1,253 | - |
A 5652 Oakley Terrace Sold | $3,730,000 | 4 | 3 | 2,832 | $1,317 | 0.1 mi |
B 19512 Sierra Mia Road Sold | $2,950,000 | 4 | 3 | 2,286 | $1,290 | 0.2 mi |
C 20 Southern Wood Sold | $2,300,000 | 3 | 2 | 1,898 | $1,212 | 0.9 mi |
D 19012 Antioch Active Under Contract | $2,520,000 List Price | 4 | 3 | 2,120 | $1,189 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1972 and described as 'largely original,' this 52-year-old property is a 'blank canvas' requiring a full rehab. While the listing notes it is well-maintained, the kitchen, bathrooms, and systems are significantly past their typical functional lifespan and do not reflect modern standards, fitting the criteria for a property needing comprehensive renovation.
The property features a rare 11,560 sq ft lot with no direct rear neighbors, providing a level of privacy and outdoor space that is exceptionally difficult to find in Irvine.
Situated in the prestigious Turtle Rock Terrace, the home is zoned for award-winning schools and benefits from a low tax rate with no Mello-Roos, maximizing long-term value.
The detached ranch-style floor plan with vaulted ceilings and a three-car garage offers a highly sought-after architectural footprint that is ideal for both families and those looking to age in place.
The home is largely in its original 1972 state, requiring a significant additional investment from the buyer to modernize the kitchen, bathrooms, and finishes.
At a list price of $2.95M for a property needing full updates, the cost per square foot is high, which may limit the buyer pool to those with substantial renovation budgets.
Single-story opportunity in Irvine's prestigious Turtle Rock Terrace President neighborhood. Set on an expansive 11,560 sq ft lot, this detached ranch-style home offers 2,384 sq ft with 3 bedrooms, 2.5 baths, and an attached direct-access 3-car garage. Well-maintained and largely original, it's a rare blank canvas ready for a buyer to personalize, update, or reimagine, with room to expand and add real value. From the covered entry to the light-filled interior, this home delivers scale and lot size that are increasingly hard to find in Irvine. Vaulted ceilings and walls of windows create an open, airy feel throughout. Formal living and dining rooms offer generous space for entertaining, while the family room, anchored by a dramatic floor-to-ceiling stone fireplace, opens to the backyard. The kitchen features ample cabinetry, extensive counter space, a garden window, and a functional layout. Multiple French doors enhance the indoor-outdoor flow. The spacious primary suite enjoys backyard views, mirrored wardrobes, a dual-sink vanity, and en-suite bath. Two additional bedrooms flex for guests, work, or hobbies. A guest half-bath serves the main living areas. Additional highlights include an interior laundry room with built-in storage, wood-look flooring in the bedrooms, and tile throughout the main living spaces. The backyard is a true standout. A covered patio spans much of the rear, ideal for dining and entertaining. Mature trees, including fruit trees such as pomegranate and lemon, expansive lawn, garden beds, and no direct rear neighbors create a private, peaceful setting. Turtle Rock Terrace is one of the area's original single-family neighborhoods, known for generous lots, mature landscaping, and scenic hillside surroundings, with community pools, tennis and sport courts, picnic areas, and clubhouse. Zoned for award-winning schools: Bonita Canyon Elementary, Rancho San Joaquin Middle, and University High. Close to Turtle Rock Community Park, Nature Center, and Trail, Bommer Canyon, UC Irvine, Concordia University, John Wayne Airport, Newport Beach, Fashion Island, Irvine Spectrum, and major freeways. Low tax rate and HOA, and no Mello-Roos. 3D tour and video tour available.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
Grades 7-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,384 | 2,486 |
| Lot Size | 11,560 | 4,950 |
| Price | $2.95M | $2.08M |
| Price per sq ft | $1.2K | $872 |
| Built year | 1972 | 1999 |
| HOA | $220.17 | $190 |
| Days on market | 16 | 50 |
Jul 6, 2026
$2,950,000
Initial Listing