5502 Heritage Oak Dr, Lake Forest, CA, 92679
About This Home
Presenting an extraordinary opportunity to own a breathtaking architectural masterpiece that redefines modern luxury. This newly constructed residence combines exceptional design with unparalleled craftsmanship, offering sweeping panoramic views that elevate the living experience. Nestled within the highly sought-after and secure gated community of Portola Hills, this home promises both privacy and exclusivity. Upon entering, you are welcomed by a grand, hotel-inspired central foyer adorned with upgraded marble flooring and custom exhibition cabinetry, all complemented by soaring double-height ceilings. The home’s thoughtful design includes a versatile downstairs bedroom and adjacent bathroom, ideal for guests or as a private home office.The chef’s kitchen is a culinary enthusiast’s dream, featuring premium cabinetry, stunning granite countertops, a spacious walk-in pantry, and a large center island. A second, fully-equipped kitchen further enhances the home’s entertaining potential, ensuring a seamless cooking experience for family and guests.Ascending the grand curved staircase, you are greeted by the opulent primary suite, which offers unrivaled views of the surrounding mountains and sunsets. The private balcony overlooks the enchanting City Lights Canyon and park vistas, providing the perfect setting for relaxation. The indulgent primary bath features a luxurious walk-in shower, a soaking tub, dual vanities, and two expansive walk-in closets, offering a spa-like retreat within the comfort of your own home. The California Room, an upgraded extension of the living space, serves as a light-filled sanctuary. With a cozy fireplace and four-panel sliding doors that open to the outdoors, this versatile room invites relaxation or elegant entertaining. The expansive backyard offers endless possibilities for outdoor living, with ample space for a custom garden, outdoor seating, dining areas, or the addition of a pool and spa. Additional features include no Mello Roos, a low tax rate, and a low HOA, making this home an exceptional value. Located near top-rated public schools, this community provides resort-style amenities, including a pool, spa, BBQ area, dog park, clubhouse, playground, hiking trails, and a party pavilion. With shopping, dining, and entertainment options just minutes away, this home offers the perfect balance of luxury, convenience, and tranquility.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2020
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Upper Level
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Cooling
- Cooling features: Central Air
Features
- All Bedrooms Down,Dressing Area,Loft,Primary Suite,Walk-In Pantry,Walk-In Closet(s)
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior Area
- Total interior livable area: 5,200 sqft
Master Bedroom
- Features: Primary Suite
Other
- Features: Dressing Area
Pantry
- Features: Walk-In Pantry
Property
Details
- Parcel number: 60651129
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: Community
- Has view: Yes
- View description: City Lights
Lot
- Lot size: 6,584 sqft
- Features: 0-1 Unit/Acre
Parking
- Total spaces: 3
- Parking features: Garage - Attached
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Wildfire
- Earthquake
- Heat Wave
- Inland Flooding
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $18,203 | $218,436 |
| Home Insurance * | $889 | $10,668 |
| Property Taxes | $3,046 | $36,552 |
| Electricity | $1,115 | $13,380 |
| Total | $23,253 | $279,036 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-12-07 | Listed for sale | $3,600,000 |
| 2020-10-02 | Sold | $1,674,500 |
View on Zillow