247 Oceano, Irvine, California 92602, Irvine, - bed, bath

home-pic
ACTIVE$3,350,000
247 Oceano, Irvine, California 92602
4Beds
3Baths
2,796Sqft
6,478Lot
Year Built
2018
Close
-
List price
$3.35M
Original List price
$3.35M
Price/Sqft
-
HOA
$329
Days on market
-
Sold On
-
MLS number
OC25076265
Home ConditionGood
Features
Patio
View-

About this home

Rare and spacious gem in the heart of Orchard Hills! Welcome to 247 Oceano—an exceptional single-family home nestled in one of Irvine’s most prestigious gated enclaves: the Reserve at Orchard Hills. With nearly 2,800 sq ft of elegantly designed living space on a rare, oversized 6,478 sq ft lot, this home offers a unique combination of privacy, openness, and modern luxury—something seldom found in this coveted community where most lots are significantly smaller. Inside, you’ll find 4 bedrooms and 3 full bathrooms, including one bedroom and one full bath conveniently located on the main floor—perfect for guests, multigenerational living, or a private office. The layout features wide open living areas, a chef’s kitchen with top-tier appliances and oversized island, and seamless indoor-outdoor flow ideal for entertaining. The spacious backyard is a private oasis with plenty of room for outdoor gatherings, play, or gardening. Upstairs, enjoy a large primary suite with a spa-like bath and expansive walk-in closet. Additional bedrooms are spacious and bright, ideal for guests, home office, or growing families. Residents of Reserve at Orchard Hills enjoy access to two luxurious clubhouses, each featuring resort-style pools, spas, cabanas, BBQ areas, and beautiful indoor-outdoor lounge spaces. Parks, sports courts, and scenic walking trails weave throughout the community, offering a lavish, family-friendly lifestyle in one of Irvine’s most serene hillside settings. This is also a fantastic investment opportunity—the home is currently occupied by an excellent long-term tenant who has lovingly maintained and significantly upgraded the property, including a beautifully improved backyard. The lease extends through May 2026, offering immediate rental income for investors. For buyers seeking to occupy the home, there may be an opportunity to negotiate with the tenant for an early move-out—flexibility is available. Don’t miss this rare opportunity—homes with lots of this size in Orchard Hills are extremely limited and rarely available!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (69 Listings)
Beds44
50%
Baths33
50%
Square foot2,7962,893
47%
Lot Size6,4785,033
76%
Price$3.35M$2.7M
76%
Price per square foot$1,198$961.5
89%
Built year201810086009
54%
HOA$329
19%
Days on market211167
81%
Condition Rating
Good

The property was built in 2018, placing it within the 'good' condition range. The images show a modern kitchen with stainless steel appliances and well-maintained bathrooms with contemporary fixtures. While the listing mentions upgrades by the tenant, the overall condition appears to be move-in ready with minimal wear and tear.
Pros & Cons

Pros

Large Lot Size: The property boasts a rare, oversized 6,478 sq ft lot, providing ample outdoor space compared to other properties in the community.
Gated Community: Located in the prestigious gated community of The Reserve at Orchard Hills, offering enhanced security and privacy.
Community Amenities: Residents have access to two luxurious clubhouses with resort-style pools, spas, cabanas, BBQ areas, sports courts, and walking trails.
Main Floor Bedroom and Bath: Features a bedroom and full bathroom on the main floor, ideal for guests, multigenerational living, or a home office.
Modern Kitchen: Includes a chef’s kitchen with top-tier appliances and an oversized island, perfect for cooking and entertaining.

Cons

Tenant Occupied: The property is currently tenant-occupied with a lease extending through May 2026, which may limit immediate occupancy options for some buyers.
Price Point: The list price of $3,350,000 positions the property at a premium price point, potentially limiting the pool of interested buyers.
HOA Fees: Living in a community with extensive amenities typically involves significant HOA fees, which can impact affordability.

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