USACALake ForestLaguna North (Ln)24092 Gemwood Dr
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$1,749,900

For Sale

A day ago

24092 Gemwood Dr, Lake Forest, CA

House

MLS® OC26108246

5 Bed

3 Bath

2351 sqft

0

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2351 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1965
Avg. Price Per Sqft $744
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 Value-Add Opportunity in Lake Forest | 16, 113 SqFt Lot at the End of a Cul-de-Sac! 24092 Gemwood Drive presents a rare investment opportunity in one of South Orange County's most sought-after submarkets. Tucked at the end of a quiet cul-de-sac, this single-story ranch sits on a massive 16, 113 sqft flat lot, a footprint that's nearly impossible to replicate in today's Lake Forest market and one that opens the door to significant upside potential. The existing residence offers approximately 2, 500 sqft of living space with 5 bedrooms, 2.5 bathrooms, and additional bonus spaces that expand the property's income and use potential, ideal for multi-generational living, ADU conversion, rental income, or a dedicated home office setup. With strong rental demand in the area and limited inventory of lots this size, the income and appreciation upside is substantial. The grounds deliver immediate lifestyle value while preserving long-term development flexibility. An expansive concrete courtyard framed by mature palms, a dedicated play area, and a custom-built heavy-timber covered pavilion built for large-scale entertaining. The oversized driveway accommodates multiple vehicles, an RV, or toys, a premium feature that commands rental and resale value in this market. Whether you're looking to hold, expand, add an ADU, reimagine the footprint, or capitalize on Lake Forest's continued appreciation, this property delivers the land, location, and flexibility that serious investors look for. Minutes from top-rated schools, parks, shopping, and dining. Opportunities like this don't last.
MLS® NumberOC26108246
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
Garage
Approx. Age1965
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Bedroom 1:Not available
Bedroom 1:Not available

Price History

-End Date
Not Sold YetSold Price

For Sale

May 20, 2026List Date
$1,749,900List Price

Home Appraisal

This property is estimated to sell between: $1,208,000 and $2,021,000.
Similar properties in this area sold on average for: $1,208,750
Expected to sell in 86 days. Similar properties sold in 86 days. This home has been on eXp Realty for 0 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.

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24092 Gemwood Dr, Lake Forest, CA

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