81 Mercantile Way, Ladera Ranch, California 92694, Ladera Ranch, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$1,224,900
81 Mercantile Way, Ladera Ranch, California 92694
4Beds
3Baths
1,860Sqft
2,704Lot
Year Built
2001
Close
-
List price
$1.22M
Original List price
$1.27M
Price/Sqft
-
HOA
$362
Days on market
-
Sold On
-
MLS number
OC25136867
Home ConditionGood
Features
Good View: City Lights, Mountain(s), Valley
Deck
Patio
ViewCity Lights,Mountain(s),Valley

About this home

Welcome to 81 Mercantile Way in Ladera Ranch — a rare END-LOT detached home in the highly desirable Gables community. This upgraded Plan 3 model offers 1860 sq ft, 4 bedrooms, 2.5 baths, a remodeled kitchen, full PEX Re-Pipe, oversized 2 car garage, covered front porch with room to relax, balcony off primary, ideal layout with open circular flow on the main level and all 4 bedrooms upstairs, and an unbeatable Ladera location offering a rare walkable lifestyle with easy access to shops, restaurants, coffee, groceries, gym, schools, parks and pools. The premium END-LOT location is a game changer and makes the home unique in the community—with no neighbor bordering the side yard the outdoor space is greatly enhanced. The remodeled kitchen features Caesarstone quartz countertops, full-height marble backsplash, farmhouse sink, newer stainless steel Maytag appliances, bar seating, and a sunlit breakfast nook with bay window. Flooring has been upgraded throughout with laminate upstairs and downstairs, and solid oak hardwood stairs with white risers and custom banister. The open-concept living space includes a family room with cozy fireplace with custom surround & mantel flanked by original builder-installed window sidelights. French doors lead to a private side yard and covered patio with gas hookup—perfect for BBQs or firepit. Unique to this lot, there’s no neighbor on this side, offering extra privacy, sunlight, breezes, and unique openness. The oversized 2-car garage features high ceilings, epoxy floor, windows, and custom storage. Upstairs, all 4 bedrooms offer ceiling fans and junction boxes. Convenient 2nd-floor laundry room with newer washer and dryer which are both included. The primary suite includes a private balcony with foothill views, custom barn door to the en-suite bath with a generous walk-in closet, Corian counters, dual sinks, soaking tub and separate shower. One bedroom currently configured as office and downstairs powder room includes custom wall paneling. Enjoy a rare walkable lifestyle with easy access to the Mercantile Shops, Oslo Coffee, Ten Mile Brewing, Rancho Capistrano Winery, Trader Joe’s, Franco’s, Lucky Strike Bowling, gyms, parks, pools, Concerts/Movies in the park at Town Green and the Sunday Farmers Market & 4th of July Fireworks at Founders Park. Just a short walk to highly-rated Chaparral Elementary & Ladera Ranch Middle School. Original owner with great pride of ownership, come see this special home in an unbeatable location!

Price History

Date
Event
Price
08/20/25
Price Change
$1,224,900
06/19/25
Listing
$1,274,900
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (145 Listings)
Beds44
50%
Baths33
50%
Square foot1,8602,212
25%
Lot Size2,7044,209
21%
Price$1.22M$1.5M
24%
Price per square foot$659$663.5
48%
Built year200110071007
15%
HOA$362$347
64%
Days on market139159
37%
Condition Rating
Good

Built in 2001, this property has undergone significant and recent renovations, including a fully remodeled kitchen with Caesarstone quartz countertops, a farmhouse sink, modern backsplash, and newer stainless steel Maytag appliances. The entire home benefits from upgraded laminate flooring, solid oak hardwood stairs, and a crucial full PEX re-pipe, indicating excellent system maintenance. While the primary bathroom is clean, functional, and features dual sinks, a soaking tub, and separate shower, its Corian counters and light fixture style are not as recently updated as the kitchen, preventing an 'Excellent' rating. Overall, the property is move-in ready with extensive modern updates.
Pros & Cons

Pros

Premium End-Lot Location: The property boasts a rare end-lot position, providing enhanced privacy, abundant natural light, and increased outdoor space with no direct side neighbor.
Extensive Modern Upgrades: Features a fully remodeled kitchen with Caesarstone quartz, new appliances, upgraded flooring throughout, and a full PEX Re-Pipe, indicating significant investment in modernizing and maintaining the home.
Unbeatable Walkable Lifestyle: Offers a highly desirable walkable lifestyle with immediate access to shops, restaurants, groceries, gyms, parks, pools, and highly-rated elementary and middle schools.
Functional Layout & Outdoor Living: The home presents an ideal open circular flow on the main level, all four bedrooms upstairs, a covered front porch, a private side yard with a covered patio and gas hookup, and a primary suite balcony with foothill views.
Well-Maintained with Pride of Ownership: Owned by the original owner, the property shows great pride of ownership, suggesting meticulous care and maintenance over the years.

Cons

Absence of Central Air Conditioning: The property description mentions ceiling fans but does not indicate the presence of a central air conditioning system, which could be a significant drawback during warmer months.
Monthly Association Fees: A monthly association fee of $362.0 adds to the ongoing cost of homeownership, which may be a consideration for some buyers.
Compact Lot Size: Despite being an end-lot, the overall lot size of 2704 sq ft is relatively compact for a detached home, potentially limiting extensive outdoor customization or expansion possibilities.

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