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491 Mulligan, Irvine, California 92618, Irvine, 92618 - 1 bed, 1 bath

491 Mulligan, Irvine, California 92618 home-pic-0
ACTIVE$696,000
491 Mulligan, Irvine, California 92618
1Bed
1Bath
957Sqft
Lot
Year Built
2025
Close
-
List price
$696K
Original List price
$725K
Price/Sqft
$727
HOA
$240
Days on market
-
Sold On
-
MLS number
TR25252071
Home ConditionExcellent
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $696.0K(4th), sqft - 957(4th), beds - 1(4th), baths - 1(3th).

Brand New, contemporary condo located in the Great Park community of Irvine, featuring 1 spacious bedroom, 1 full bath, a luxurious kitchen with brand new appliances, beautiful quartz counters, contemporary white cabinets, a bright open floor plan, interior laundry with brand new washer/dryer, recessed LED lighting, and a large covered deck. The bedroom includes a spacious walk-in closet, wood shelving, and dual-sided mirrored door. This unit is on the second floor, with a large personal storage room across the hall, and an oversized 1 car garage downstairs. Also included is an Owned solar system and solar battery, along with an EV charger in the garage. Resort style community amenities include relaxing pools, spas, sports courts, parks, clubhouses, picnic areas, and walking/bike trails. Minutes away from dining and shopping at Irvine Spectrum and conveniently located near the 5 and 405 freeways. Close to UCI, John Wayne Airport, South Coast Plaza, popular beaches, and shopping centers.

Price History

Date
Event
Price
11/30/25
Price Change
$696,000-4.0%
11/11/25
Listing
$725,000
Condition Rating
Excellent
This property is a brand new condo built in 2025, featuring a luxurious kitchen with all new stainless steel appliances, quartz countertops, and contemporary white cabinets. The bathroom also appears new and modern with subway tile and a glass shower enclosure. Recessed LED lighting, an owned solar system, solar battery, and EV charger further enhance its modern appeal and efficiency. All components are new and meet current quality standards, indicating no deferred maintenance.
Pros & Cons

Pros

Brand New Construction & Modern Design: Built in 2025, this contemporary condo features a luxurious kitchen with brand new appliances, quartz counters, white cabinets, a bright open floor plan, and recessed LED lighting, offering a move-in ready modern living experience.
Energy Efficiency & Tech Features: Equipped with an owned solar system, solar battery, and an EV charger in the garage, providing significant long-term energy savings and catering to modern eco-conscious lifestyles.
Prime Location & Accessibility: Situated in the highly desirable Great Park community of Irvine, minutes away from Irvine Spectrum, major freeways (5 & 405), UCI, John Wayne Airport, South Coast Plaza, and popular beaches.
Resort-Style Community Amenities: Residents have access to extensive resort-style amenities including pools, spas, sports courts, parks, clubhouses, picnic areas, and walking/bike trails, enhancing lifestyle and property value.
Practical Conveniences & Storage: Includes interior laundry with new washer/dryer, a large covered deck, a spacious walk-in closet, a large personal storage room across the hall, and an oversized 1-car garage downstairs.

Cons

Limited Size & Bedroom Count: With only 1 spacious bedroom and 1 full bath across 957 sqft, the property may have a narrower appeal to buyers seeking more living space or additional bedrooms.
Ongoing Association Fees: The monthly association fee of $240 adds to the recurring cost of ownership, which can be a consideration for budget-conscious buyers.
Recent Price Reduction: The property's list price was recently reduced from $725,000 to $696,000, which could indicate initial overpricing or market resistance.

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