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Lake Forest, CA

$1,340,000

24541 Penfield, Lake Forest, CA
3
Beds
2
Baths
2,100
Sq Ft
1996
Built
98
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
3
Bathrooms
2 full
Living area
2,100 sq ft
Interior features
Ceiling Fans, Open Floorplan, All Bedrooms Down
Appliances
Gas Oven, Gas Range
Flooring
Tile
Fireplace
Family Room
Heating
Forced Air
Cooling
None
Laundry
None
Levels
One
Spa
None
Exterior & lot
Lot size
0.166 acres (7,245 sq ft)
Pool
None
View
Trees Woods
Architectural style
Modern
Year built
1996
Parking
Garage Faces Front, Gated, Private
Parking spaces
2
Community
Area
LS - Lake Forest South
County
Orange
Community features
Curbs
Listing details
Status
Active
Property type
Single Family Residence
Days on market
98
Listed
2026-04-02
Original price
$1,490,000
Terms
Cash To New Loan
Parcel #
61722116
MLS #
OC26075472
Listed by
Mehdi Yazdi · RE/MAX Connections

Location

Price history

Listed
$1,490,000 · 2026-04-02
Price reduced
$1,340,000 (−$150,000)
Days on market
98
Current price
$1,340,000
Financing

Could this home be yours?

Estimated monthly payment
$8,406
$6,776 principal & interest · $1,630 taxes & insurance
$268,000
Estimate only
Loan $1,072,000

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Listing data provided by CRMLS

Listing courtesy of RE/MAX Connections. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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