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$1,350,000
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Property Description
Property is being offered via auction. The list price represents the starting bid and may not reflect the final sale price. Auction bidding is scheduled to begin on July 12, 2026. Please contact the Listing Agent for complete auction terms, bidding procedures, and conditions.
Welcome to this extraordinary, fully remodeled and expanded home located in the heart of Lake Forest. This is a rare opportunity to own a property that has been transformed from A to Z. With the exception of portions of the original structural walls, virtually everything has been rebuilt or replaced-from the roof to the flooring-creating a home that offers the quality, comfort, and feel of new construction.
Originally approximately 1,145 square feet, the property has been thoughtfully expanded with a 322 sq. ft. addition to the main residence and a 615 sq. ft. detached ADU (buyer to verify square footage and permits), providing exceptional flexibility for multi-generational living, guest accommodations, or outstanding rental income potential.
The bright, open-concept floor plan showcases a beautifully redesigned kitchen featuring brand-new appliances, custom cabinetry, premium finishes, and elegant granite flooring throughout. Large windows fill the home with abundant natural light, creating a warm and inviting atmosphere. The entire home has also been fully repiped, providing additional peace of mind.
The detached ADU offers excellent privacy and versatility, with the potential for its own private outdoor area, making it ideal for extended family, guests, or rental opportunities.
Step outside to a spacious backyard with mature fruit trees, including lemon and other varieties, creating the perfect setting for entertaining, gardening, or simply relaxing.
Ideally located just minutes from major shopping centers, restaurants, Home Depot, schools, and everyday conveniences, with approximately one-minute access to Interstate 5 and three-minute access to Interstate 405.
This is a truly unique property offering the charm of an established neighborhood with the quality and craftsmanship of a nearly new home. Buyers are encouraged to perform their own due diligence regarding square footage, permits, improvements, and all property information.
Full Property Details
Full Property Details for 24541 Penfield
General
- Price: $1,350,000
- Status: Active
- Type: Single Family
- Source: MRMLS
- MLS ID: OC26075472
- Updated: 7/19/2026
- Days on Market: 95 days
- Added to Site: 95 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down, Kitchen
- Interior Features: Ceiling Fan(s), Open Floorplan
- Fireplace: Yes
- Fireplace(s): Family Room
- Eating Areas: In Family Room
- Appliances: Gas Range, Gas Oven
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Gated, Garage Faces Front, Private
Location
- County: Orange
- Driving Directions: El Toro RD @ Rockfild Blvd
School Information
- School District: Saddleback Valley Unified
- Elementary School: OLIVEW
- Middle School: LOSALI3
- High School: MISVIE
Community
- Community Features: Curbs
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Modern
- Structure Type: Single Family Residence
- Construction: Stucco
- Foundation: Stone, Slab
- Roof: Spanish Tile
- Common Walls: No Common Walls
- Windows: Screens
- Doors: Mirror Closet Door(s)
- Disability Access: 2 or More Accessible Exits
- Entry Location: front door
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,100
- Sq. Ft. Source: Assessor
- Year Built: 1996
- Year Built Source: Appraiser
- Property Condition: Repairs (Major), Termite Clearance, Building Permit, Updated/Remodeled
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 0.1663
- Lot Size (Sq. Ft.): 7,245
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre
- Fencing (Description): Wood
Financial Considerations
- Price Per Sq. Ft.: $642.86
Disclosures and Reports
- Special Conditions: Standard
Listed by RE/MAX Connections, Mehdi Yazdi
Get Pre-Approved Today
Schools
Schools serving 24541 Penfield
School District:Saddleback Valley Unified School District
| Name | Grades | Distance |
|---|---|---|
Olivewood Elementary School 23391 Dune Mear Road, Lake Forest, CA 92630 | K-6 | 0.6 mi |
Los Alisos Intermediate School 25171 Moor Ave., Mission Viejo, CA 92691 | 7-8 | 0.6 mi |
Mission Viejo High School 25025 Chrisanta Drive, Mission Viejo, CA 92691 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 24541 Penfield
Date
Details
Price
Change
Source
7/14/2026
Price Increased
$1,350,000
12.5%
MLS
6/29/2026
Price Reduced
$1,200,000
-14.28%
MLS
6/11/2026
Price Reduced
$1,399,900
-3.46%
MLS
6/02/2026
Price Reduced
$1,450,000
-2.68%
MLS
4/18/2026
Listed
$1,490,000
65.56%
MLS
1/27/2025
Sold
$900,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 24541 Penfield
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,267
2%
$511,105
2%
2024
$5,172
2%
$501,084
2%
2023
$5,050
2%
$491,259
2%
2022
$4,961
2%
$481,627
2%
2021
$4,862
1%
$472,184
1%
2020
$4,819
2%
$467,343
2%
2019
$4,723
2%
$458,180
2%
2018
$4,635
2%
$449,197
2%
2017
$4,542
2%
$440,390
2%
2016
$4,467
1%
$431,755
2%
2015
$4,414
2%
$425,270
2%
2014
$4,318
16%
$416,940
16%
2013
$3,725
—
$358,080
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 24541 Penfield
24541 Penfield, Lake Forest, CA 92630 (MLS# OC26075472) is a Single Family property with 3 bedrooms and 2 full bathrooms. 24541 Penfield is currently listed for $1,350,000 and was received on April 18, 2026. Want to learn more about 24541 Penfield? Do you have questions about finding other Single Family real estate for sale in Lake Forest? You can browse all Lake Forest real estate or contact a Coldwell Banker agent to request more information.

