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116 Catalyst, Irvine, CA 92618

$2.00M3bd · 4ba · 3,085 sqft
Lot 2,000 sqft•HOA $240/mo•Single Family Residence•
Active
•129d on market•MLS# 00-26843373

Property Description

Welcome to 116 Catalyst, an exceptional Residence 3 Obsidian Model located in the highly sought-after Parasol Park community within Irvine's Great Park Neighborhoods. This detached luxury residence offers approximately 3,085 square feet of living space with 3 bedrooms, 2 full bathrooms, 2 half bathrooms, a private backyard, two balconies, a private elevator serving all three levels, a fully paid solar system, a 2-car garage, and an additional dedicated parking space with an EV Charger. Enjoy the highly desirable Irvine lifestyle with award-winning Irvine Unified schools, resort-style amenities, parks, trails, shopping, dining, and convenient access to major employment centers, freeways, and Orange County beaches.The first floor features an expansive lounge and game room with a custom wet bar, GE Nugget Ice refrigerator, wine storage, powder room, walk-in closet, and sliding glass doors leading to a beautifully landscaped backyard complete with a custom slate and tile waterfall, illuminated pavers, mature landscaping, and irrigation system.The second floor includes two secondary bedrooms, a full bathroom, laundry room, and a spacious primary suite with a private balcony, dual walk-in closets, and a luxurious bath featuring dual vanities, bidet, and a custom wet room shower with dual shower heads and built-in seating. The entire third floor is dedicated to the main living and entertaining areas. The chef's kitchen features white shaker cabinetry, quartz countertops, illuminated display cabinets, breakfast bar, slate tile backsplash, pendant lighting, and premium Wolf and Sub-Zero appliances including a 6-burner range with griddle, double convection ovens, pot filler, wine refrigerator, and built-in refrigerator. The kitchen opens to the dining and living areas, which flow seamlessly through an oversized sliding door to a large balcony, creating the ideal indoor-outdoor living experience.Additional upgrades include Alexa smart home integration, smart switches, Ecobee thermostats, Ruckus WiFi system, hardwired Ethernet throughout, whole-house water filtration and softener systems, security system, hardwood flooring, custom tile, Berber carpet, designer paint, upgraded baseboards, ceiling fans, epoxy garage flooring, workbench, and overhead storage.Residents enjoy access to Parasol Park's exceptional amenities including resort-style pools, lap pools, spas, outdoor kitchens, barbecue areas, playgrounds, sports courts, parks, greenbelts, gathering spaces, and miles of walking and biking trails throughout the Great Park Neighborhoods.A rare opportunity to own a highly upgraded home featuring a private elevator, fully paid solar, luxury finishes, advanced smart home technology, outstanding community amenities, and one of Irvine's most sought-after locations.

Features & Amenities

FeeBuilt 2018

Property Details

Land Type
Fee
Year Built
2018
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central
Cooling
Central Air
View
Hills, Pool
Flooring
Tile
City
Irvine
Zip Code
92618
County
Orange
Listed byChe Hill, Charles Chamorro

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$10,087.81
Principal & Interest
Loan Amount
$1,596,000
Total Interest
$2,035,610
Total Payment Over 30 Years
$3,631,610
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

116 Catalyst, Irvine, CA 92618

Irvine · Single Family Residence

$2.00M
Luxury Tier
Beds
3
Baths
4
Sqft
3,085
Lot
2,000 sqft
Year
2018
$/Sqft
$647
Pool: Yes✓
Spa: Yes✓
View: Hills, Pool✓
Garage: 2-car✓

Listed 6.3% below the median closed sale of $2,130,000. Price per sqft ($647) is a 27% discount to closed comps ($889). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $2.00M· $647/sqft
Total list price
Closed comps
vs closed median $2.13M
−$135K (−6.3%)
Active comps
vs active median $2.40M
−$403K (−16.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $845
−$198 (−23.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
106 Yellow IrisIrvine2021442,6463,043$744$1.97M468
232 CanterburyIrvine2025442,7043,142$943$2.55M24765
109 GlanceIrvine2021332,50528,700$639$1.60M3264
234 CanterburyIrvine2025442,5243,170$989$2.50M24763
60 EdenbrookIrvine1996432,6335,293$911$2.40M9658
Total: 5 · Average3.83.62,602.48,669.6$845.2$2.20M125.2
Median2,633$2.40M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
113 ChestnutIrvine201410/08/2026432,6913,220$2.20M$2.10M$7800.956263
61 BloomingtonIrvine201410/07/2026442,8023,746$2.15M$2.13M$7600.997759
40 WaterspoutIrvine200509/28/2026442,7183,666$1.99M$1.88M$6920.9414858
67 CraterIrvine201909/28/2026343,4666,179$3.07M$2.92M$8420.955358
525 LuminousIrvine200609/16/2026443,1178,407$4.19M$4.27M$1,3691.023357
Total: 5 · Average3.83.82,958.85,043.6$2.66M$2.66M$888.6—74.6
Median2,802$2.13M$2.13M

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.