$2,803,000 - $3,727,000
RENTED JUN 24, 2025
4 Beds
3 Baths
2,870 Sq Ft
$1,200 Price per Sq Ft

Highlights

  • Ocean View
  • New Construction
  • Solar Power System
  • Loma Ridge Elementary School Rated A
  • Spa
  • Open Floorplan

About This Home

As of June 2025

Experience the allure and functionality of the Plan 1 home at Olivewood, offering breathtaking hillside and expansive west ward city light and ocean views and approximately 2,870 square feet of thoughtfully designed living space. Completed in 2024 with more than $176,000 in upgrades, the spacious two-story design hosts four bedrooms and three baths, including a versatile first-floor bedroom. Finished with on-trend white-oak wide-plank wood flooring, designer carpet, elegant lighting fixtures, high ceilings, upgraded baths, and an owned solar system, the impressive design is open and bright. Only the best high-end appointments are featured, including a wall of sliding glass doors that open the great room to the backyard, where captivating views are showcased both day and night. The open-concept arrangement flows seamlessly to a chef-caliber kitchen with a large island, quartz countertops with a full backsplash, Shaker cabinetry to the ceiling, a walk-in pantry, and a large island with seating. Top-tier stainless steel appliances include a Wolf six-burner range, Wolf microwave, and a built-in SubZero refrigerator. A handsome staircase leads to the second floor, where you will discover spacious secondary bedrooms, an open loft, and a large laundry room with a sink and a walk-in linen closet. Positioned at the back of the home to maximize views, the opulent primary suite hosts an oversized walk-in closet, separate vanities, a soaking tub, and a separate shower. An attached two-car garage enhances the convenience factor. Olivewood is perched at the highest point in Portola Springs. Built by New Home Co., the neighborhood places you within minutes of top-ranked Irvine schools, including Portola High School, Loma Ridge Elementary School, and Sierra Vista Middle School. Miles of scenic trails, pickle ball courts, pools, kids area and more than 15 family-friendly, amenity-rich parks are moments from home, and Newport Beach, Tustin, and South Orange County are within easy reach of Olivewood.

Last Agent to Rent the Property

Sawsan Saba

Coldwell Banker Realty Brokerage Phone: 949-500-9979 License #01921021 Listed on: 02/10/2025

Coldwell Banker Realty

Co-Listed By

Tim Smith

Coldwell Banker Realty Brokerage Phone: 949-500-9979 License #01346878

Last Renter's Agent

Sawsan Saba

Coldwell Banker Realty Brokerage Phone: 949-500-9979 License #01921021 Listed on: 02/10/2025

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,742

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 3,800 Sq Ft Lot
  • Landscaped

HOA Fees

  • $180 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Peek-A-Boo
  • Mountain

Home Design

  • Turnkey

Interior Spaces

  • 2,870 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Sliding Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Loft

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Oven
  • Gas Oven
  • Six Burner Stove
  • Gas Cooktop
  • Range Hood
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Solar Power System
  • Solar owned by seller

Outdoor Features

  • Spa
  • Concrete Porch or Patio
  • Exterior Lighting

Schools

  • Portola High School

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Security Deposit $9,500
  • Rent includes association dues
  • 12-Month Minimum Lease Term
  • Available 3/10/25
  • Tax Lot 85
  • Assessor Parcel Number 59178154
  • Seller Considering Concessions

Community Details

Overview

  • Olivewood Association, Phone Number (949) 833-2600
  • Keystone Pacific HOA
  • Built by New Home Co

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Pickleball Courts
  • Sport Court
  • Community Pool
  • Community Spa
  • Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,742

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$180 per month

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-03-10
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 9500
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Ad Number: 949.500.9979
  • Other Phone Description: Sawsan Saba
  • Other Phone Number: 949.500.9979
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Olivewood
  • View: Yes
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 59178154
  • Year Built: 2024
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: NewHome

Interior Features

  • Living Area: 2870.00 Square Feet
  • Interior Amenities: Open Floorplan, Pantry, Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Nook, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.96
  • Room Type: Family Room, Kitchen, Laundry, Loft, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet, Walk-In Pantry
  • Spa Features: Association, Community
  • Bathroom Features: Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Primary Bath, Main Floor Full Bath, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Quartz Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Lighting
  • View: City Lights, Mountain(s), Ocean, Panoramic, Peek-A-Boo
  • Builder Name: New Home Co
  • Patio And Porch Features: Concrete
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Double Oven, Freezer, Disposal, Gas Oven, Gas Cooktop, Range Hood, Refrigerator, Tankless Water Heater
  • Electric: Photovoltaics Seller Owned
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Barbecue, Sport Court, Clubhouse
  • Association Fee: 180.00
  • Association Fee Frequency: Monthly
  • Association Name: Olivewood
  • Phone: 949.833.2600
  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks, Street Lights
  • Association Management: Keystone Pacific

Schools

  • School District: Irvine Unified
  • High School: Portola
  • High School: Portola
  • High School2: PORTO

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 3800.00
  • Lot Size Acres: 0.0872

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 3800.0000 Square Feet
  • Number Of Units In Community: 100
  • Number Of Units Total: 1
  • Rent Includes: Association Dues

Tax Info

  • Tax Census Tract: 524.39
  • Tax Lot: 85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2024
Sold by
New Home Co Southern Ca Llc
Bought by
Sasspal Gaurav S and Chhabria Geeta N
Current Estimated Value
$3,442,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,760,000
Interest Rate
6.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sasspal Gaurav S $3,626,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sasspal Gaurav S $2,646,000
Closed Sasspal Gaurav S $2,760,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 Rented $8,500 0.0% --
06/24/2025 06/24/25 Under Contract -- -- --
06/10/2025 06/10/25 Price Changed $8,500 -10.5% $3 / Sq Ft
05/19/2025 05/19/25 Price Changed $9,500 -13.6% $3 / Sq Ft
03/10/2025 03/10/25 Price Changed $11,000 -8.3% $4 / Sq Ft
02/23/2025 02/23/25 For Rent $12,000 0.0% --
02/20/2025 02/20/25 Off Market $12,000 -- --
02/10/2025 02/10/25 For Rent $12,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,742 $3,698,942 $2,846,167 $852,775
2024 $3,742 $3,473 $3,473 --
2023 $2,041 $3,405 $3,405 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25028696

California Regional Multiple Listing Service (CRMLS)

APN: 591-781-54