USACALake ForestLaguna North (Ln)24092 Gemwood Dr

24092 Gemwood Dr, Lake Forest, CA

Name: 24092 Gemwood Dr, For Sale in Lake Forest - eXp Realty
Brand: The Oppenheim Group
SKU: OC26108246
Price: 1699900 USD

House

For Sale

Listed price in listed location currency (USD).

$1,699,900

530

MLS® OC26108246

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2351 sqft

Garage

Taxes

Days Active 62

Lot Size 0.3699 Acres

Approx. Age 1965

Avg. Price Per Sqft $723

MLS® Number OC26108246

Property Address: 24092 Gemwood Dr, Lake Forest, CA, 92630

Average square foot calculated using Size range provided by listing agent.

Description

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, making it an ideal property for car enthusiasts or collectors, while also offering ample space for RVs, boats, trailers, and additional recreational storage. 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 for 15+ vehicles, 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.

MLS® NumberOC26108246

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1965

Basement

Driveway

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 20, 2026List Date

$1,699,900List Price

-End Date

Not Sold YetSold Price

For Rent

Jul 21, 2026List Date

$10,000List Price

Home Appraisal

This property is estimated to sell between: $1,202,000 and $1,949,000.

Similar properties in this area sold on average for: $1,202,166

Expected to sell very soon! Similar properties sold in 44 days. This home has been on eXp Realty for 62 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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