Our RARE Premier Encore Collection Residence 3 by Lennar is ideally
situated on one of the community's most coveted CORNER PREMIUM
LOTS, offering exceptional privacy, no immediate neighbors, and
stunning City Light, Hillside & Mountain Views! This Contemporary
Retreat features 4 Bedrooms (INCLUDING ONE ON THE MAIN LEVEL), 4
Full Bathrooms (INCLUDING ONE ON THE MAIN LEVEL), a Second-Level
LOFT/Den, Third-Level BONUS Family Room, Third-Level View Deck,
Private Patio, and approximately 3,170 Sq. Ft. of Luxurious
Interior Living Space. The home showcases the finest interior
elements including an Open Floor Plan, High Ceilings, Luxury Vinyl
Plank Flooring, Custom Plantation Shutters, LED Recessed Lighting,
Solar Panels, and an ATTACHED 2-CAR GARAGE with Private Driveway.
Chef-Inspired Gourmet Kitchen with Quartz Countertops &
Backsplash, White Shaker Cabinetry, Expansive Kitchen Island
with Refinished Cabinets, Reverse Osmosis System, and ALL
Stainless-Steel Appliances including a Built-In Refrigerator! A
rare Lifestyle Opportunity for true California Indoor/Outdoor
Living with DUAL Outdoor Living Spaces. Sliding Pocket Doors open
on two sides into the Covered California Room and Private Patio,
while dramatic bi-fold accordion doors seamlessly connect the
Living Room to the Expansive Backyard with Artificial Turf-creating
an exceptional setting for entertaining and everyday living. Enjoy
sunset skies and panoramic hillside views from the Third-Level
Deck. Experience the privacy and feel of Single-Family Living with
no common walls, no immediate neighbors, and a private driveway
along a tranquil paseo. Enjoy World-Class Amenities exclusive to
Great Park residents including Resort-Style Pools, Parks, Barbecue
& Picnic Areas, Clubhouses, Sport Courts, Dog Parks, and Miles of
Walking & Biking Trails. Located within the Award-Winning Irvine
Unified School District (zoned for Portola High School and Cadence
Park K-8) and just minutes from Woodbury Town Center, Irvine
Spectrum, Kaiser Permanente, John Wayne Airport, and the 133 & 241
Toll Roads.
Unit Size
3,170 Ft²
Days on Market
46 days
Land Size
0.21 acres
Price per sqft
$725
Property Type
Condo
Property Taxes
-
HOA Dues
$240
Year Built
-
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Cap Rate Calculator
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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.
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Wired for Data, Walk-In Closet(s), Balcony, SeparateFormalDiningRoom, QuartzCounters, Unfurnished, BedroomOnMainLevel, PrimarySuite
Appliances: Built-In Range, Convection Oven, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Water Softener, Tankless Water Heater, Refrigerator, Water Purifier, SixBurnerStove
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