33
Map
$1,319,990
●
Condo -
Off Market
15 Merit
Irvine, CA 92618
4 Beds
3 Baths,
1
Half Bath
2,137 Ft²
$7,125
Est. Monthly
$643
HOA / Fees
About This Property
This new three-story townhome features a modern and spacious
layout. Upon entry is a convenient bedroom with an en-suite
bathroom. The second floor is host to an inviting open-concept
floorplan shared between a modern kitchen, elegant dining room and
a spacious living room, while a nearby covered deck offers seamless
indoor-outdoor living. An additional secondary bedroom and a
luxurious owner's suite with a private deck make up the third
floor.
Unit Size
2,137 Ft²
Days on Market
114 days
Land Size
-
Price per sqft
$618
Property Type
Condo
Property Taxes
-
HOA Dues
$643
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (CRMLS #OC26086027)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 13, 2026 | Sold | ||
| Sold | |||
| Apr 28, 2026 | In contract | - | |
| In contract | |||
| Apr 21, 2026 | Listed by Keller Williams Realty | $1,319,990 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Direct Access, Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Breakfast Bar, Built-in Features, Eat-in Kitchen, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Storage, Entrance Foyer, Walk-In Closet(s), Balcony, Unfurnished, BedroomOnMainLevel
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator
Door Features: Sliding Doors, PanelDoors
Laundry Features: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room, Upper Level
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 2137
Security Features: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
Property Condition: Under Construction
Year Built Source: Builder
Year Built: 2026
Builder Name: Lennar
Builder Model: Plan 2A
Levels: Three Or More
Construction Materials: Frame, Stucco, Drywall
Pool Features: Community, Fenced, Lap, Association
Lot Features: NearPark
Lot Size Units: Square Feet
Tax Lot: 41
Water Source: Public
Utilities Details
Cooling Type: Central Air, ENERGY STAR Qualified Equipment
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Sport Court, Maintenance Grounds, Meeting Room, Maintenance, Barbecue, Picnic Area, Playground, Pool, Recreation Room, Spa/Hot Tub, Security, Trail(s), BocceCourt, FirePit, OutdoorCookingArea, Pickleball, PetsAllowed
HOA Fee: $260
HOA Fee Frequency: Monthly
Condo/Coop Fee: $383
Condo/Coop Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/21/2026
| |
4 Bed
|
3 Bath
|
2137 ft²
|
$1,319,990
4 Bed
3 Bath
2137 ft²
|
$1,319,990
08/13/2026
|
Cesi Pagano
Keller Williams Realty
|
Building Info
About Orange County Great Park
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Listed by: Cesi Pagano, Keller Williams Realty
Last Updated: 3 months ago
Data Source: CRMLS, MLS# OC26086027
Last Updated: 3 months ago
Data Source: CRMLS, MLS# OC26086027
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