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$1,749,900

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5 Beds

3 Baths

2,351 SqFt

New

24092 Gemwood Drive Lake Forest, CA 92630

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Emma Barron Lefkowitz

emma@thebarronteam.com +1(858) 800-4661

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,351 sqft

Price per Sqft $744

MLS Listing ID OC26108246

Bedrooms 5

Full Baths 2

Half Baths 1

Year Built 1965

Lot Size 0.370 Acres

Property Sub-Type Detached

Property Description

Rare Value-Add Opportunity in Lake Forest | 16,113 SqFt Lot at the End of a Cul-de-Sac! 24092 Gemwood Drive presents a rare investment opportunity in one of South Orange County's most sought-after submarkets. Tucked at the end of a quiet cul-de-sac, this single-story ranch sits on a massive 16,113 sqft flat lot, a footprint that's nearly impossible to replicate in today's Lake Forest market and one that opens the door to significant upside potential. The existing residence offers approximately 2,500 sqft of living space with 5 bedrooms, 2.5 bathrooms, and additional bonus spaces that expand the property's income and use potential, ideal for multi-generational living, ADU conversion, rental income, or a dedicated home office setup. With strong rental demand in the area and limited inventory of lots this size, the income and appreciation upside is substantial. The grounds deliver immediate lifestyle value while preserving long-term development flexibility. An expansive concrete courtyard framed by mature palms, a dedicated play area, and a custom-built heavy-timber covered pavilion built for large-scale entertaining. The oversized driveway accommodates multiple vehicles, an RV, or toys, a premium feature that commands rental and resale value in this market. Whether you're looking to hold, expand, add an ADU, reimagine the footprint, or capitalize on Lake Forest's continued appreciation, this property delivers the land, location, and flexibility that serious investors look for. Minutes from top-rated schools, parks, shopping, and dining. Opportunities like this don't last.

Location

State CA

County Orange

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 first Cul de Sac, house at end of CDS. Cross Streets: Rockfield/El Toro Rd

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Fireplace No

Appliance Gas Range

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

View Y/N Yes

Water Access Desc Public

View Trees/Woods

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 61721301

Acceptable Financing Cash, Conventional, Exchange, FHA, Cash To Existing Loan, Cash To New Loan

Listing Terms Cash, Conventional, Exchange, FHA, Cash To Existing Loan, Cash To New Loan

Special Listing Condition Standard

Listed by Reza Shirangi, DRE#01293969 The Oppenheim Group

NEARBY SCHOOL & BUSINESS

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Emma Barron Lefkowitz

Team Leader | License ID: 01480896

+1(858) 800-4661

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24092 Gemwood Drive Lake Forest, CA 92630

Emma Barron Lefkowitz

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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24092 Gemwood Drive