Home | Orange County | Lake Forest | 92630 | 24092 Gemwood Dr
MLS: CROC26108246 | Status: Active | Price: $1,749,900
Beds/Baths: 5 / 2
Property Type: Residential
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| 5 | 2 | 2,351 | 0.369 | 1965 |
Rare Value-Add Opportunity in Lake Forest | 16,113 SqFt Lot at the End of a Cul-de-Sac! 24092 Gemwood Drive presents a rare investment opportunity in one of South Orange County's most sought-after submarkets. Tucked at the end of a quiet cul-de-sac, this single-story ranch sits on a massive 16,113 sqft flat lot, a footprint that's nearly impossible to replicate in today's Lake Forest market and one that opens the door to significant upside potential. The existing residence offers approximately 2,500 sqft of living space with 5 bedrooms, 2.5 bathrooms, and additional bonus spaces that expand the property's income and use potential, ideal for multi-generational living, ADU conversion, rental income, or a dedicated home office setup. With strong rental demand in the area and limited inventory of lots this size, the income and appreciation upside is substantial. The grounds deliver immediate lifestyle value while preserving long-term development flexibility. An expansive concrete courtyard framed by mature palms, a dedicated play area, and a custom-built heavy-timber covered pavilion built for large-scale entertaining. The oversized driveway accommodates multiple vehicles, an RV, or toys, a premium feature that commands rental and resale value in this market. Whether you're looki
| Field | Value |
|---|---|
| MLS # | CROC26108246 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Bedrooms | Ground Floor Bedroom |
| Appliances | Other, Oven Range - Gas |
| Fireplace | None |
| Laundry | Other |
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| Elementary District | Saddleback Valley Unified |
| High School District | Saddleback Valley Unified |
| HOA Fee | $0 |
Reza Shirangi
The Oppenheim Group
License #: 01293969
Phone: (949) 466-0920
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 24541 Penfield | $1,490,000 | 3 | 2 | 2,100 | Active |
| 22191 Crane | $1,520,000 | 4 | 3 | 2,444 | Active |
| 26351 Tarrasa | $1,539,000 | 4 | 2 | 1,976 | Active |
| 25181 Barents | $1,599,900 | 5 | 3 | 3,195 | Active |
©2026 California Regional MLS. All rights reserved. All data, including 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of May 21, 2026. For the most current information, please contact Reza Shirangi, (949) 466-0920.