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Kevin O'keefe

kevin.okeefe@lptrealty.com +1(858) 260-9001

$ 1,699,900

Est. payment | -/mo

6 Beds

3 Baths

0.37 Acres Lot

Save

$ 1,699,900

Est. payment | -/mo

Save

6 Beds

3 Baths

0.37 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26124776

Bedrooms 6

Lot Size 0.370 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Rare Single-Story Estate on a Massive 16,113 Sq Ft Cul-de-Sac Lot in Lake Forest | Endless Space, Privacy & Future Potential Located at the end of a quiet cul-de-sac in one of South Orange Countys most desirable neighborhoods, 24092 Gemwood Drive presents a truly rare opportunity to own a spacious, versatile estate with exceptional land value and long-term potential. This single-story ranch-style residence offers approximately 2,500 sq ft of living space, featuring 5 bedrooms and 2.5 bathrooms, along with additional flexible areas ideal for a home office, guest quarters, or multi-generational living. The functional layout provides comfort, privacy, and adaptability for a wide range of lifestyles. Set on a fully usable flat lot of 16,113 sq ft, the outdoor space is a standout feature rarely found in todays market. The grounds include mature palm trees, fruit trees, a large concrete courtyard, a dedicated play area, and a custom-built covered pavilion designed for large gatherings and entertaining. The oversized driveway accommodates 15+ vehicles, making it an ideal property for car enthusiasts or collectors, while also offering ample space for RVs, boats, trailers, and additional recreational storage. A major highlight of this property is its exceptional development flexibility. The lot offers strong potential for the addition of multiple ADUs (Accessory Dwelling Units) or other expansion options (buyer to verify zoning, permits, and city requirements), making it ideal for multi-generational living, rental income strategies, or long-term investment growth. Historically utili

Location

State CA

County Orange

Zoning Assessor

Direction From the I-5 Freeway, El Toro Rd north, right on Rockfield, right on Landsview, Right on Penfield, left on Gemwood, turn left on

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 61721301

Acceptable Financing Cash, Conventional, Exchange, FHA

Listing Terms Cash, Conventional, Exchange, FHA

Listed by Reza Shirangi, DRE#01293969 The Oppenheim Group

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+1(858) 260-9001

kevin.okeefe@lptrealty.com

10620 Treena St Ste 230, San Diego, CA 92131-1140, USA

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24092 Gemwood Drive Lake Forest, CA 92630