5437 Heritage Oak Drive, Lake Forest, California 92679, Lake Forest, - bed, bath

home-pic
ACTIVE$2,600,000
5437 Heritage Oak Drive, Lake Forest, California 92679
4Beds
4Baths
3,918Sqft
7,176Lot
Year Built
2021
Close
-
List price
$2.6M
Original List price
$2.89M
Price/Sqft
-
HOA
$394
Days on market
-
Sold On
-
MLS number
OC25063588
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

!! HUGE PRICE REDUCTION FOR QUICK SALE!! ***EXCEPTIONAL NEW BUILD WITH HIGH-END UPGRADES*** Nestled in the prestigious gated community of The Oaks in Portola Hills, this stunning luxury home sits on one of the largest lot 7,176 sq. ft. and offers 3,918 sq. ft. of refined living space with over $350K in meticulously crafted upgrades. Step inside to experience an abundance of natural light illuminating the spacious two-story living and dining areas. The open-concept design is complemented by exquisite marble flooring, a gourmet kitchen featuring high-end countertops, designer backsplash, top-of-the-line appliances, and elegant window coverings. A massive center island serves as the perfect gathering spot for hosting and entertaining in style. The first level includes a private bedroom, ideal for guests or multi-generational living. Upstairs, a spacious loft offers versatility as a media room, home office, or additional lounge space. The upgraded backyard is spacious and serene, providing an ideal retreat for relaxation or outdoor entertaining. Residents of The Oaks enjoy exclusive amenities, including a resort-style pool, BBQ area, clubhouse, and access to scenic hiking trails, dog parks, and sports facilities. Conveniently located near the 241 Toll Road and just minutes from Irvine Spectrum, this home offers both luxury and accessibility. Don’t miss the opportunity to own this exquisite home in one of Portola Hills’ most coveted communities! https://tours.previewfirst.com/ml/152632

Price History

Date
Event
Price
08/05/25
$2,600,000-1.9%
08/03/25
$2,650,000
04/04/25
$2,890,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (186 Listings)
Beds44
50%
Baths43
52%
Square foot3,9183,208
76%
Lot Size7,1767,245
48%
Price$2.6M$1.74M
79%
Price per square foot$664$640
59%
Built year20211993
98%
HOA$394$170
22%
Days on market214179
70%
Condition Rating
Excellent

This property was built in 2021, making it a very recent construction. The listing explicitly states it's an 'exceptional new build with high-end upgrades' and 'over $350K in meticulously crafted upgrades.' The images confirm a modern, luxurious aesthetic throughout, including a gourmet kitchen with top-of-the-line stainless steel appliances, high-end countertops, and designer backsplash. The flooring is a pristine marble-look tile on the main level and light wood upstairs. All visible components are new or virtually new, meeting current quality standards with no signs of deferred maintenance or physical depreciation, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Build & Extensive Upgrades: Built in 2021, this home boasts over $350K in meticulously crafted, high-end upgrades and luxury finishes throughout, offering a move-in ready, modern living experience.
Exclusive Gated Community: Nestled within the prestigious gated community of The Oaks in Portola Hills, providing enhanced security, privacy, and a highly sought-after address.
Resort-Style Community Amenities: Residents benefit from exclusive access to a resort-style pool, BBQ area, clubhouse, scenic hiking trails, dog parks, and sports facilities, enhancing lifestyle and value.
Spacious & Functional Layout: Offering 3,918 sq. ft. of refined living space on one of the largest lots (7,176 sq. ft.), including a convenient first-level private bedroom and a versatile upstairs loft.
Gourmet Kitchen & Open Concept: Features a gourmet kitchen with high-end countertops, top-of-the-line appliances, a massive center island, and an open-concept design filled with natural light, ideal for entertaining.

Cons

Multiple Price Reductions: The property has undergone significant price reductions from its original list price of $2.89M to $2.6M, potentially indicating market resistance or an initial overvaluation.
Ongoing Association Fees: A monthly association fee of $394.0 adds to the recurring costs of homeownership, which may be a consideration for budget-conscious buyers.
Standard Neighborhood View: While the property has a view, it is specified as a 'Neighborhood' view, which may not command the same premium or desirability as properties with panoramic city, ocean, or mountain vistas.

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