24092 Gemwood Drive,Lake Forest, CA 92630
Lake Forest, CA 92630
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.
Details
| MLS # | OC26108246 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 111 |
| Listing Provided By | The Oppenheim Group | Reza Shirangi |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,351 |
| Story(s) | 1 |
| Units | 4 |
| Acreage | 0.37 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Down, Bedroom On Main Level, Main Level Primary |
| Appliances | Gas Range |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Irregular Lot |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Lake Forest |
| Zip Code | 92630 |
| Area | 699 Not Defined |
| Listing VS Median (in 92630) | |
Price: $1,699,900 low | high Med: $4,600 sqft: 2,351 low | high Med: 2,889 $ / sqft: $723 low | high Med: $2 On site: 111 low | high Med: 92 | |
Market Activity 92630
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Lake Forest |
| Zip Code | 92630 |
| Area | 699 Not Defined |
| Listing VS Median (in 92630) | |
Price: $1,699,900 low | high Med: $4,600 sqft: 2,351 low | high Med: 2,889 $ / sqft: $723 low | high Med: $2 On site: 111 low | high Med: 92 | |
 | $1,699,90024092 Gemwood DriveLake Forest, CA 92630 |