$1,099,000
4Beds4Baths2,152SqFt
101 Alder RidgeLake Forest, CA 92610Iron Ridge
Sold
457 Palermo sold on December 19, 2025 for $1,110,000, 1.1% above the $1,098,000 asking price after 15 days on the market. The buyer financed the purchase. The details are below for reference.
457 Palermo, Lake Forest, CA 92630
- 4 beds
- 4 baths
- 2,020 sq ft
- Built 2021
$1,110,000
Subdivision Covera
The home
About 457 Palermo
View from the deck!! City and Mountain View home and total privacy End unit of Covera Plan 3 at Newer community of Serrano Summit in Lake forest. Very Light and Bright newer Lennar all including Home with 4 bedrooms and 3.5 bathrooms located at End unit with Extra large garage, front patio yard including. One bedroom with full bath is on the first floor and can be used as a Guest Room or Office. Second floor features open floor plan, beautiful kitchen with upgraded self-closed cabinets, and stainless-steel appliances, a granite counter tops and a large deck from the spacious living room. Master suite with large bathroom and large walk-in-closet and Two secondary bedrooms with spacious bath are on the third floor. Custom design upgraded window coverings throughout, Laminated wood floor, Recessed lights. All rooms are filled with plenty of natural light. The community offers swimming pools and clubhouse is featured with cabanas, BBQs, fire pits, an event space, and pickle ball courts. 10-minute drive to Irvine Spectrum, 20-minute to Laguna Beach, UC Irvine, and John Wayne airport. Very convenient distance shopping center, banks, restaurants, movie theater, and 241 toll road. Welcome to Lake forest brand new Resort-Style community, Serrano Summit! Must See!
Property details for 457 Palermo
This 4-bedroom, 4-bath condo sits in the Covera neighborhood of Lake Forest in Orange County. It offers 2,020 square feet of living space. The home was built in 2021. The MLS record lists the assessor parcel number as 939-103-69. Highlights include city lights and mountain views, a community pool and spa, an attached two-car garage, central air, and a turnkey home. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $1,110,000
- Days On Site
- N/A
- Bedrooms
- 4
- Inside Area (SqFt)
- 2,020 sqft
- Total Baths
- 4
- Full Baths
- 3
- Partial Baths
- 1
- Lot Size
- N/A
- Year Built
- 2021
- MLS® Number
- PW25066840
- Status
- Sold
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- $390.75 monthly
- Sq Ft Source
- Assessor
General Features
- Property Type
- Condominium
- MLS Number
- PW25066840
- Year Built
- 2021
- Living Area (sq ft)
- 2,020
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 276,994
- Lot Size (acres)
- 6.3589
- Levels
- Three Or More
- Bedrooms
- 4
- Full Baths
- 3
- Half Baths
- 1
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- City Lights, Mountains, Trees Woods
- HOA Dues
- $177.75
- HOA Frequency
- Monthly
- HOA Name
- Covera
- Parcel Number
- 93910369
- On Market Date
- 2025-03-27
- Listing Terms
- Probate Listing
Interior Features
- Interior Features
- Breakfast Bar, Breakfast Area, Granite Counters, Living Room Deck Attached, Recessed Lighting, Bedroom On Main Level
- Appliances
- Built In Range, Dishwasher, Free Standing Range, Gas Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Tankless Water Heater
- Flooring
- Carpet, Laminate, Tile
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Inside, Upper Level
- Main Level Bedrooms
- 1
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- One Common Wall, End Unit, No One Above, No One Below
- Windows
- Blinds
Exterior Features
- Patio and Porch
- Front Porch
- Parking
- Direct Access, Garage, Oversized
- Pool Features
- Association
- Spa
- Association
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Sewer Connected
- Condition
- Turnkey
- Faces
- Southwest
- Units
- 602
Community Features
- Subdivision
- Covera
- Community Features
- Sidewalks
- Association Amenities
- Clubhouse, Fire Pit, Outdoor Cooking Area, Barbecue, Picnic Area, Playground, Pool, Spa Hot Tub
- Security
- Carbon Monoxide Detectors
- Second HOA Dues
- $213
- Second HOA Name
- Serrano
The record
Property History for 457 Palermo
| Date | Event | Price | Note |
|---|---|---|---|
| Dec 19, 2025 | Sold | $1,110,000 | |
| Mar 27, 2025 | Listed for sale | $1,098,000 |
Next steps
Looking for something similar
457 Palermo is no longer on the market, but comparable homes come up in Lake Forest regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 457 Palermo
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The neighborhood
About Lake Forest
Set in the Saddleback Valley of South Orange County and named for two man-made lakes, Lake Forest grew from the former El Toro community and the eucalyptus groves Dwight Whiting planted. Served entirely by the Saddleback Valley Unified School District, the city folds in the Foothill Ranch and Portola Hills districts near Whiting Ranch Wilderness Park.
Lake Forest home sales, past 12 months
- Homes sold
- 196
- Median price
- $638,500
- Median days on market
- 21
- Median per sq ft
- $596
Recorded MLS closings of condos, Sep 26, 2025 to Sep 26, 2026. Days on market run from listing to going under contract.
Recent Lake Forest sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 26338 W Grove 67 | Sep 21, 2026 | $700,000 | 1,242 | $564 | 2 |
| 20702 El Toro Rd 69 | Sep 17, 2026 | $380,000 | 560 | $679 | 41 |
| 20702 El Toro Rd 317 | Sep 17, 2026 | $412,500 | 710 | $581 | 64 |
| 18952 Canyon View | Sep 15, 2026 | $545,000 | 954 | $571 | 88 |
| 604 White Oaks | Sep 14, 2026 | $850,000 | 1,761 | $483 | 26 |
Schools
Schools for 457 Palermo
As listed in the MLS record. Confirm attendance boundaries with the school district.
- High
- El Toro
- District
- Saddleback Valley Unified
Living in Lake Forest covers its schools, parks and beaches.
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Listed by Katherine Han of Coldwell Banker Best Realty
Listing information updated Dec 19, 2025 at 11:46 PM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.