5124 Scholarship 1007, Irvine, California 92612, Irvine, - bed, bath

home-pic
ACTIVE$2,199,000
5124 Scholarship 1007, Irvine, California 92612
2Beds
3Baths
2,052Sqft
49,632Lot
Year Built
2006
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
-
HOA
$1,802
Days on market
-
Sold On
-
MLS number
OC25148884
Home ConditionGood
Features
Excellent View: City Lights, Golf Course, Mountain(s), Ocean, Pool
ViewCity Lights,Golf Course,Mountain(s),Ocean,Pool

About this home

luxurious single-level penthouse-style home located on the 12th floor of Plaza Irvine, featuring remarkable 180-degree views with a South-facing orientation. The 2,000 sq ft modern residence offers sweeping sit-down city light views from Saddleback Mountain, Irvine Spectrum, San Joaquin Wetlands, Turtle Rock, and UCI in the East to sunset and coastal views of Newport Beach, Fashion Island, Catalina Island, and Palos Verdes Peninsula in the West. The home includes high-end upgrades such as marble flooring, granite countertops, Viking appliances, Lutron automated shades and lighting, a large master suite with coastal views, a walk-in closet, walk-in shower, spa tub, water closet, dual vanity, a full-size laundry room with built-in cabinetry, and a guest room with an ensuite bath. Additional features include convenient side-by-side parking and an oversized storage unit. The community offers luxurious amenities, including concierge service, a 5,000 sq ft fitness center with a yoga room, two club rooms, two sports rooms, two conference centers, a business center, and an impressive guest lobby. The location borders Newport Beach and Irvine, providing easy access to world-famous beaches, world-class shopping, and John Wayne Airport.

Nearby schools

4/10
Monroe Elementary School
Public,K-53.3mi
3/10
Mcfadden Intermediate School
Public,6-84.0mi
3/10
Century High School
Public,9-124.4mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (74 Listings)
Beds22
50%
Baths32
67%
Square foot2,0521,441
80%
Lot Size49,632347,709
23%
Price$2.2M$980K
93%
Price per square foot$1,072$784
93%
Built year20062006
50%
HOA$1,802$585
92%
Days on market122168
25%
Condition Rating
Good

The property was built in 2006 and features high-end upgrades such as marble flooring, granite countertops, and Viking appliances. The bathrooms appear well-maintained. While not brand new, the property presents as move-in ready with minimal wear and tear. The kitchen and bathrooms are updated, but not a full recent renovation.
Pros & Cons

Pros

Panoramic Views: The property boasts remarkable 180-degree views, including city lights, mountains, ocean, and coastline, enhancing its desirability and market value.
High-End Upgrades: Features marble flooring, granite countertops, Viking appliances, and Lutron automated shades and lighting, indicating a luxurious and modern living experience.
Prime Location: Located in Irvine, bordering Newport Beach, offering convenient access to beaches, shopping, and John Wayne Airport, increasing its appeal to discerning buyers.
Luxurious Amenities: The community provides concierge service, a fitness center, club rooms, sports rooms, conference centers, and a business center, adding value and convenience for residents.
Spacious Layout: The 2,052 sq ft single-level penthouse-style home offers a comfortable and open living space, appealing to buyers seeking a modern and spacious residence.

Cons

High Association Fee: The monthly association fee of $1802 is relatively high, which may deter some potential buyers.
HOA Restrictions: Condominiums are subject to HOA rules and regulations, which may limit owner flexibility.
Limited Outdoor Space: As a penthouse-style condominium, the property likely has limited private outdoor space compared to single-family homes.

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