24092 Gemwood Drive, Lake Forest, CA 92630
Local realty services provided by:ERA North Orange County Real Estate
24092 Gemwood Drive,Lake Forest, CA 92630
$1,699,900
- 5 Beds
- 3 Baths
- 2,351 sq. ft.
- Single family
- Active
Listed by: reza shirangi
Office: the oppenheim group949-706-4974
MLS#:OC26108246
Source:CRMLS
Price summary
- Price:$1,699,900
- Price per sq. ft.:$723.05
About this home
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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Home facts
- Year built:1965
- Listing ID #:OC26108246
- Added:85 day(s) ago
- Updated:August 14, 2026 at 11:19 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:2
- Kitchen Description:Gas Range
- Living area:2,351 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1965
- Building area:2,351 sq. ft.
- Lot area:0.37 Acres
- Lot Features:Irregular Lot
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,699,900
- Price per sq. ft.:$723.05
Features and amenities
- Laundry features:Outside
- Amenities:All Bedrooms Down
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