Woodbridge’s Ultimate Condo on the Lake
12 Waterway #22 $1,999,900
As you wind through the streets off of West Yale Loop one turn after another brings you to the lake’s edge at 12 Waterway. I have visited condos in this area before that sat on lagoons and had delightful views, but this condo delivers the ultimate front row package, sitting right on the lake with a panoramic view.
Stepping inside the home, there are lake views everywhere, and when you walk out on the deck the water is lapping below with geese honking overhead.
Significant Numbers: Brand new to the market, this three level contemporary condo was built in 1983. Unique, as a completely detached condo with no common walls, the four bedroom and 2.5 bath home covers 2,669 square feet in a prime location. The HOA is $292 with $/sq.ft at $749.
CloseUp: Inside, the view from every direction is the lake with large expanses of windows and an open floor plan. To the right of the entry double doors open to the master suite with full lake view, tiled tub, double vanity, shower, and walk in closet.
Straight ahead an elegant dining room sits between the kitchen and the living room. The sunken living room has high ceilings, fireplace and balcony with an expansive lake view and large wrap around deck.
Throughout the home, Berber carpet, tile and hardwood floors are used with plantation shutters and skylights to make the most of the space.
Off to the left and up a few steps the family room is equally inviting with a full bookcase wall complete with rolling ladder, fireplace, view and bar.
The open floor plan with balconies links the rooms together and invites a circular flow of traffic from the family room to the kitchen and on to the dining room and the living room.
The kitchen is large and functional with a breakfast bar and nook. It has original tile, a convection oven, and an expanse of light and views. Upstairs there are large bedrooms and a converted attic space that could be a play area or useful for extra storage.
For the right buyer the home is three levels of light, glass and views, designed to make the most of the location.
Specifics:
Bedrooms 4
Baths 2.5
Detached, no common walls
Double garage
Inside laundry upstairs
Central furnace and air
Irvine Unified School District
What could be considered here: Recently two large Woodbridge single family homes in the million dollar price range, nearby at 5 and 20 Rainstar, sold the first week they were listed. The homes on Rainstar were beautifully landscaped and finished inside and out, and were within walking distance of the lake.
This condo is a contrast with similar square footage, a three level contemporary design, a much higher price, and an ultimate lake location. A new buyer might want to update some areas, making the most of the home’s design. Public records show the home sold for $1,185,000 in 2005. It will be interesting to see how it plays out in the current market.
Who will move in? Someone who is taken with the location and wants a condo in Woodbridge will be attracted to this South Lake home. All of Woodbridge’s community, recreation and top notch school credentials add to its value. For someone who entertains, travels, and wants a sublime location in Irvine this could be the choice.
Recent Listings Nearby: 46 Mirador, $899,000.
Recent Sales: 35 Waterway, $930,000; 27 Waterway, $932,000.
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