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Rare Single-Story Estate on an Expansive 16,113 Sq Ft Cul-de-Sac Lot in Lake Forest | Exceptional Space, Privacy & Versatility Situated at the end of a quiet cul-de-sac in one of South Orange County's most desirable neighborhoods, 24092 Gemwood Drive offers a rare leasing opportunity with exceptional space, privacy, and flexibility. This spacious single-story ranch-style home offers approximately 2,500 square feet of living space, featuring 5 bedrooms and 2.5 bathrooms, along with additional flexible areas that can easily serve as a home office, playroom, guest space, or multi-purpose room. The thoughtfully designed floor plan provides comfort and versatility for a variety of living arrangements. Set on an expansive, fully usable 16,113-square-foot lot, the outdoor amenities are truly one of a kind. Enjoy mature palm and fruit trees, a large concrete courtyard, a dedicated play area, and a custom-built covered pavilion perfect for outdoor dining, entertaining, or relaxing with family and friends. The oversized driveway provides parking for 15+ vehicles, making it ideal for households with multiple vehicles, recreational equipment, work trucks, RVs, boats, or trailers. This unique property has previously been utilized in an institutional setting and offers an exceptionally flexible layout that may be well suited for a variety of permitted residential or licensed uses, including multi-generational living, residential care, childcare, educational, wellness, or live/work opportunities, subject to tenant verification of zoning, licensing, and landlord approval. Conveniently located near top-rated schools, parks, shopping, dining, and major commuter routes, this home offers the perfect balance of privacy, accessibility, and everyday convenience. Lease opportunities offering this much land, usable outdoor space, abundant parking, and a highly versatile floor plan are incredibly rare in Lake Forest. Don't miss the chance to lease this truly exceptional property.
Property Type(s):
Rental Properties
| Last Updated | 7/21/2026 | Year Built | 1965 |
|---|---|---|---|
| Community | 699 - Not Defined | County | Orange |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range |
| AREA | 699 - Not Defined |
| HEAT | Central |
| INTERIOR | Master Downstairs |
| LOT | 0.3699 acre(s) |
| LOT DESCRIPTION | Irregular Lot |
| LOT DIMENSIONS | 16113 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Public |
Location
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Listed with The Oppenheim Group
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