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24092 Gemwood Drive

Lake Forest, CA 92630
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Bed 5

Bed

Bath 3

Bath

SqFt2,351

Sqft

SqFt16,113

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : Residential

Price : $1,699,900

AD Id : 78976165

MLS Id : OC26108246

Beds : 5

Lot Size : 16,113 Sqft

Living Area Size : 2,351

Year Built : 1965

County : Orange

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 2
  • Interior Features

    AllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary
    Appliances: GasRange
    Laundry Features: Outside
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1965
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: TreesWoods

  • Lot Information

    Main Square Feet: 16113 Lot Size Acres: 0.3699 Lot Size Source: Owner Lot Size Square Feet: 16,113 Lot Description: IrregularLot

  • Listing Price Information

    Listing Price: $1699900
    Original Price: $1749900
    Cash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031, FHA

  • Tax Information

    Parcel Number: 61721301 Tax Lot: 118

  • Utility Information

    ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected
  • Location Information

    Direction: From the I-5 Freeway, El Toro Rd north, right on Rockfield, right on Landsview, Right on Penfield, left on Gemwood, turn left on first Cul de Sac, house at end of CDS. Cross Streets: Rockfield/El Toro Rd WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
115 Mesa Verde Lane, Lake Forest, CA, 92630 $2,060,000 4 5 3,313 3,313 SqFt
155 Bryce Run, Lake Forest, CA, 92630 $1,699,000 4 4 2,602 2,602 SqFt
21155 Larchmont, Lake Forest, CA, 92630 $1,088,000 4 2 1,164 1,164 SqFt
21252 Forest Meadow Drive, Lake Forest, CA, 92630 $1,359,000 4 3 1,824 1,824 SqFt
21272 Forest Meadow Drive, Lake Forest, CA, 92630 $1,100,000 4 3 1,644 1,644 SqFt
21052 Kensington Lane, Lake Forest, CA, 92630 $1,498,000 3 2 2,283 2,283 SqFt
151 Mulberry, Lake Forest, CA, 92630 $2,255,000 5 5 3,231 3,231 SqFt
190 Wild Flower, Lake Forest, CA, 92630 $2,398,000 5 5 3,209 3,209 SqFt
120 Mulberry, Lake Forest, CA, 92630 $2,390,000 5 5 3,369 3,369 SqFt
140 Walworth, Lake Forest, CA, 92630 $2,200,000 5 5 3,283 3,283 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/25/2026 @ 09:24

MLS: OC26108246 LISTED BY: Reza Shirangi, The Oppenheim Group 949-706-4974 SOURCE: CRMLS

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