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653 Pelion
About This Property
Built in 2022, this modern 5-bedroom, 4.5-bathroom single-family residence offers over 3,300 sqft of thoughtfully designed living space, blending contemporary style with everyday comfort and functionality. The home also includes a 2-car garage plus driveway parking.
The open-concept layout welcomes you with a spacious great room and a sleek gourmet kitchen featuring an oversized center island, built-in GE Profile refrigerator, and a walk-in pantry that provides excellent storage. The beautifully finished backyard captures breathtaking mountain and sunset views, making it an ideal space for outdoor dining, entertaining guests, or simply unwinding at the end of the day.
The main level includes a bedroom with a full bathroom, perfect for visiting guests, extended family, or multigenerational living. Upstairs, there are four additional bedrooms, highlighted by an elegant primary suite with a spa-like en-suite bathroom, private balcony, and incredible panoramic views of the mountains and sunsets.
On the third floor, a flexible bonus room offers even more space to enjoy. Complete with its own balcony, enhanced views, and a half bath, this area can easily serve as a home theater, game room, fitness room, private office, or additional lounge space.
Serrano Summit residents enjoy exceptional community amenities, including a resort-style pool and spa, BBQ and picnic areas, pickleball courts, pool table, firepit lounges, and thoughtfully designed gathering spaces positioned to take in the community's stunning sunset views.
Located within walking distance to the Lake Forest Civic Center and only minutes from shopping, dining, and top-rated schools, this home offers the best of Southern California living in one of Orange County's most desirable neighborhoods.
Don't miss your chance to make this modern view retreat in Serrano Summit your own.
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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 |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Listed by Real Broker | $2,200,000 | |
| Listed by Real Broker | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017