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27 Heron
About This Property
For families with young children, this is the location that changes daily life: morning walks, after-school playdates, weekend afternoons that unfold naturally instead of requiring a drive. It's the kind of proximity you can't recreate with square footage.
Set within the master-planned Baker Ranch community built by Toll Brothers, this modern open-concept home was designed for the way families actually live. Light-filled living and dining areas flow seamlessly to a private backyard retreat - complete with a cascading water wall, built-in seating, artificial turf, and lush privacy hedges - equally suited for weekend entertaining and quiet evenings at home. The chef's kitchen impresses with stainless steel appliances, rich cabinetry, and a generous center island with bar seating, while a main-floor bedroom rounds out the main level - ideal for guests, in-laws, or a dedicated home office.
Upstairs, an elegant curved staircase sets the tone for the second level: a spacious loft for movie nights or a play zone, two well-proportioned secondary bedrooms, a dedicated laundry room (no more hauling baskets downstairs), and a luxurious primary suite with spa-like bath and walk-in closet - your retreat at the end of a full day.
Highlights worth noting:
Three homes from Promenade Park - rare, walkable, and irreplaceable for growing families
20 solar panels included - significantly reduces monthly electricity costs
Resort amenities: pools, spas, splash pads, multiple sports courts, parks, clubhouses, hiking & biking trails
NO Mello-Roos | Low HOA - your budget goes further, every month
Award-winning Saddleback Valley Unified School District
Prime connectivity: quick access to Great Park, Irvine Spectrum, Foothill Town Center & Toll Roads.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | Sold | ||
| Sold | |||
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Aug 30, 2026 | Price Decreased |
$1,999,000
↓ $99K
(4.7%) | |
| Price Decreased | |||
| Jun 27, 2026 | Price Decreased |
$2,098,000
↓ $100K
(4.6%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by Latitude 33 Real Estate | $2,198,000 | |
| Listed by Latitude 33 Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017