
24092 Gemwood Drive, Lake Forest, CA 92630
24092 Gemwood Drive, Lake Forest, CA 92630
Property 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.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Lake Forest · Single Family Residence
Listed 17.2% above the median closed sale of $1,450,000. Price per sqft ($723) is a 12% premium to closed comps ($644). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 25072 Castlewood | Lake Forest | 1977 | 4 | 3 | 2,253 | 7,490 | $595 | $1.34M | 71 | 76 |
| 24621 Via Del Rio | Lake Forest | 1976 | 4 | 3 | 2,336 | 5,528 | $621 | $1.45M | 92 | 74 |
| 21081 Paseo Verdura | Lake Forest | 1978 | 4 | 3 | 2,050 | 8,250 | $751 | $1.54M | 212 | 73 |
| 22572 Charwood Circle | Lake Forest | 1970 | 4 | 3 | 2,071 | 7,000 | $604 | $1.25M | 86 | 73 |
| 25042 Greenbay Drive | Lake Forest | 1967 | 4 | 3 | 1,800 | 7,700 | $708 | $1.27M | 46 | 71 |
| Total: 5 · Average | 4.0 | 3.0 | 2,102 | 7,193.6 | $655.8 | $1.37M | 101.4 | |||
| Median | 2,071 | $1.34M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21342 Hillside Court | Lake Forest | 1987 | 09/14/2026 | 4 | 3 | 2,262 | 10,665 | $1.65M | $1.55M | $685 | 0.94 | 34 | 81 |
| 24952 Singingwoods | Lake Forest | 1978 | 09/29/2026 | 4 | 3 | 2,253 | 7,000 | $1.40M | $1.39M | $619 | 1.00 | 102 | 75 |
| 23 Galeana | Lake Forest | 1992 | 09/24/2026 | 5 | 3 | 2,200 | 6,600 | $1.50M | $1.45M | $659 | 0.97 | 48 | 74 |
| 3 Alonda | Lake Forest | 1992 | 10/07/2026 | 4 | 3 | 2,211 | 7,630 | $1.50M | $1.52M | $690 | 1.02 | 57 | 74 |
| 24405 Mockingbird Place | Lake Forest | 1977 | 09/04/2026 | 4 | 3 | 2,226 | 6,050 | $1.30M | $1.26M | $566 | 0.97 | 28 | 73 |
| Total: 5 · Average | 4.2 | 3.0 | 2,230.4 | 7,589 | $1.44M | $1.44M | $643.8 | — | 53.8 | ||||
| Median | 2,226 | $1.45M | $1.45M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.