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11321 Reservoir Road, North Tustin, CA 92705

$4.1M6bd · 7ba · 4,923 sqft
Lot 40,410 sqft•Single Family Residence•
Active
•66d on market•MLS# PW-26187496

Property Description

Situated in Lemon Heights and surronded by multi-million dollar estates, this hilt-top private, gated communnity of on only three homes was built in 2006; an Italian villa with stunning exterior architecture boasts relaxed elegance of California indoor-outdoor living. Montecito-inspired details are reflected throughout, including exposed wood beams, custom woodwork, statement lighting, intimate balconies, expansive walls of glass, lush landscaping, and multiple patios and view terraces designed to embrace the setting. An impressive entry opens to a gracious formal living room with a fireplace, while the adjacent formal dining room flows naturally into the gourmet eat-in kitchen with stainless steel appliances, designed for everyday living and entertaining. Fresh interior paint, wood flooring, new bedroom carpeting, and LED recessed lighting create a bright, updated feel while preserving the home’s timeless character. At the heart of the home is a great room with multiple seating areas, creating an inviting space for gatherings of any size. Expansive glass and patio doors open from nearly every room on the main level, seamlessly connecting the interiors to surrounding patios, mature landscaping, and breathtaking views. An outside Casita and bath are ideal for guest privacy and offers flexibility as separate outside bedroom #7, while the main level also includes an en-suite bedroom and dedicated library with closet and could be bedroom #6, providing flexibility for a home office, or multigenerational living. Upstairs, the grand primary suite is a true retreat with a fireplace, private sitting room or den, and balcony patio overlooking the peaceful setting and expansive scenery. Three additional upstairs, en-suite secondary bedrooms provide comfort and privacy for family and guests, while an outdoor viewing patio at the end of the bedroom wing showcases beautiful Spanish-inspired character and offers another special place to relax and take in the panorama. Designed for entertaining, gathering, retreating, and enjoying the view from virtually every level, the residence offers an unusually flexible floor plan, abundant storage, and an attached four-car garage. Set on more than 40,000 square feet of land and served by the highly regarded Tustin Unified School District, this distinctive Lemon Heights estate presents a rare combination of privacy, craftsmanship, architectural character, gracious entertaining spaces, and spectacular scenery from sunrise to sunset.

Features & Amenities

FeeBuilt 2006

Property Details

Land Type
Fee
Year Built
2006
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
4
Garage Spaces
4
Cooling
Central Air
View
Catalina, City Lights, Coastline, Hills, Mountain(s), Panoramic
City
North Tustin
Zip Code
92705
County
Orange
Listed bySeven Gables Real Estate, Dean O'Dell

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$20,731.83
Principal & Interest
Loan Amount
$3,280,000
Total Interest
$4,183,459
Total Payment Over 30 Years
$7,463,459
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

11321 Reservoir Road, North Tustin, CA 92705

North Tustin · Single Family Residence

$4.1M
Luxury Tier
Beds
6
Baths
7
Sqft
4,923
Lot
40,410 sqft
Year
2006
$/Sqft
$833
Pool: No✓
View: city✓
Garage: 4-car✓

Listed in line with the median closed sale of $4,050,000. Price per sqft ($833) is a 21% premium to closed comps ($691). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $4.10M· $833/sqft
Total list price
Closed comps
vs closed median $4.05M
+$50K (+1.2%)
Active comps
vs active median $4.29M
−$195K (−4.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $911
−$78 (−8.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
10182 Cowan Heights DriveNorth Tustin2006466,29232,698$683$4.29M4477
1791 Sirrine DriveNorth Tustin1963543,50033,350$1,141$4.00M1173
1711 SirrineSanta Ana1978657,29235,100$616$4.50M3362
57 LowlandIrvine2018664,7917,933$941$4.51M8858
2231 Foothill BoulevardNorth Tustin2007333,40030,506$1,175$4.00M454
Total: 5 · Average4.84.85,05527,917.4$911.2$4.26M36
Median4,791$4.29M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1805 Holly Tree LaneNorth Tustin199006/12/2026555,74443,604$4.29M$4.25M$7400.993773
1532 Kensing LaneNorth Tustin199312/10/2025586,32626,300$3.83M$3.65M$5760.9520170
10696 Skyline DriveNorth Tustin200406/15/2026575,07974,052$3.85M$3.85M$7581.003967
1301 Smokewood DriveNorth Tustin202608/05/2026885,03818,850$4.40M$4.28M$8490.976261
10841 HideawayNorth Tustin198005/21/2026457,62223,375$4.29M$4.05M$5310.9411358
Total: 5 · Average5.46.65,961.837,236.2$4.01M$4.01M$690.8—90.4
Median5,744$4.05M$4.05M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.