$ 1,749,900
-
$1,749,900
Price -
6
Bed -
3
Bath -
2,351
SqFt
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About the Listing OC13134 - SSHIRREZ
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 County’s 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 today’s 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, RVs, boats, and additional recreational storage with ease. 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 utilized in an institutional capacity, this unique property offers exceptional versatility and may lend itself to a variety of uses, including multi-generational living, a residential care facility (RCFE) or senior residence, childcare or educational purposes, live/work arrangements, wellness or creative spaces, or contractor and service-based operations, subject to applicable zoning, licensing, and permitting requirements. Despite its privacy and spacious feel, the property remains conveniently located near top-rated schools, parks, shopping, dining, and major commuter routes. Properties offering this level of land, usability, parking capacity, and future potential are extremely rare in Lake Forest. This is a unique opportunity to secure both lifestyle comfort and long-term upside in one exceptional estate.
Listing Highlights
Status
Active
Days on Site
26
Property Type
Multi-Family
MLS ®
OC26124776
Year Built
1965
Total Square Footage
2,351
Lot/Acreage
0.37
County
Orange
Area
699 - Not Defined
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances: Gas Range
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Down,Bedroom on Main Level,Main Level Primary
- Water: Public
Exterior Details
- Lot Description: Irregular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 61721301
- Tax Year: N/A
Payment Calculator
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Questions About..
24092 Gemwood Dr Lake Forest, CA 92630
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