123 Oakstone, Irvine, California 92618, Irvine, - bed, bath

home-pic
ACTIVE$3,800,888
123 Oakstone, Irvine, California 92618
4Beds
3Baths
2,870Sqft
3,800Lot
Year Built
2024
Close
-
List price
$3.8M
Original List price
$3.95M
Price/Sqft
-
HOA
$180
Days on market
-
Sold On
-
MLS number
NP25036324
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s), Panoramic
Patio
ViewCity Lights,Mountain(s),Panoramic

About this home

Experience the allure and functionality of the Plan 1 home at Olivewood, offering breathtaking hillside and expansive west ward city light and ocean views and approximately 2,870 square feet of thoughtfully designed living space. Completed in 2024 with more than $176,000 in upgrades, the spacious two-story design hosts four bedrooms and three baths, including a versatile first-floor bedroom. Finished with on-trend white-oak wide-plank wood flooring, designer carpet, elegant lighting fixtures, high ceilings, upgraded baths, and an owned solar system, the impressive design is open and bright. Only the best high-end appointments are featured, including a wall of sliding glass doors that open the great room to the backyard, where captivating views are showcased both day and night. The open-concept arrangement flows seamlessly to a chef-caliber kitchen with a large island, quartz countertops with a full backsplash, Shaker cabinetry to the ceiling, a walk-in pantry, and a large island with seating. Top-tier stainless steel appliances include a Wolf six-burner range, Wolf microwave, and a built-in SubZero refrigerator. A handsome staircase leads to the second floor, where you will discover spacious secondary bedrooms, an open loft, and a large laundry room with a sink and a walk-in linen closet. Positioned at the back of the home to maximize views, the opulent primary suite hosts an oversized walk-in closet, separate vanities, a soaking tub, and a separate shower. An attached two-car garage enhances the convenience factor. Olivewood is perched at the highest point in Portola Springs. Built by New Home Co., the neighborhood places you within minutes of top-ranked Irvine schools, including Portola High School, Loma Ridge Elementary School, and Sierra Vista Middle School. Miles of scenic trails, pickle ball courts, pools, kids area and more than 15 family-friendly, amenity-rich parks are moments from home, and Newport Beach, Tustin, and South Orange County are within easy reach of Olivewood.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (115 Listings)
Beds44
50%
Baths34
41%
Square foot2,8702,779
54%
Lot Size3,8004,375
40%
Price$3.8M$2.3M
91%
Price per square foot$1,324$856.5
98%
Built year202410101010
69%
HOA$180$240
13%
Days on market258167
84%
Condition Rating
Excellent

The property was built in 2024 and features high-end finishes, including a chef-caliber kitchen with top-tier stainless steel appliances, upgraded baths, white-oak wide-plank wood flooring, designer carpet, and elegant lighting fixtures. The condition appears to be virtually new, with no deferred maintenance.
Pros & Cons

Pros

Breathtaking Views: The property boasts expansive westward city light and ocean views, along with hillside views, enhancing its desirability and market value.
New Construction & Upgrades: Completed in 2024 with over $176,000 in upgrades, the home features modern finishes and high-end appliances, minimizing immediate renovation costs.
Chef-Caliber Kitchen: The open-concept kitchen is equipped with a large island, quartz countertops, Shaker cabinetry, a walk-in pantry, and top-tier stainless steel appliances (Wolf, SubZero), appealing to discerning buyers.
Excellent Location & Schools: Located in Olivewood at the highest point in Portola Springs, the property is near top-ranked Irvine schools (Portola High, Loma Ridge Elementary, Sierra Vista Middle) and community amenities.
Owned Solar System: The inclusion of an owned solar system provides energy efficiency and potential cost savings for the homeowner.

Cons

High List Price: The list price of $3,800,888 is relatively high, which may limit the pool of potential buyers.
Small Lot Size: The lot size of 3,800 sqft is relatively small, which may not appeal to buyers seeking a larger outdoor space.
HOA Fees: HOA fees are associated with the Olivewood community, adding to the monthly expenses for the homeowner.

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