Great Park, Irvine

By Irene Zhang and Ricky Zhang · Keller Williams Realty Irvine · Updated October 2026 · Sales data through September 30, 2026

What Great Park homes are selling for now

In the 12 months ending September 30, 2026, Great Park single-family homes sold for a median $2.29 million and condos and townhomes for a median $1.38 million, not counting the guard-gated Altair enclave, which is covered separately below. Great Park is one of the few places in Irvine where resales compete with builders still selling new homes down the street. Over the same 12 months, price per square foot fell 8.3% for single-family homes and 9.4% for condos and townhomes, against drops of 3.6% and 5.9% across Irvine.

Homes also take longer to sell here than in Irvine overall, about a month at the median. Only 8% of resales have closed over asking so far in 2026, down from 63% in 2022.

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Great Park market at a glance

• 257 resales in the 12 months ending September 30, 2026: 58 single-family homes and 199 condos and townhomes (198 resales a year earlier)
• $760 median price per sq ft for single-family homes, down 8.3% year over year (Irvine single-family: down 3.6%)
• $648 median price per sq ft for condos and townhomes, down 9.4% (Irvine condos and townhomes: down 5.9%)
• 31 days median time on market for single-family homes and 32 days for condos and townhomes (Irvine overall: 23 and 30)
• Altair: 26 resales, median $4.03 million, $909 per sq ft (down 2.8%), median 62 days on market

Single-family homes, condos and Altair: last 12 months

The 12 months run from October 1, 2025 to September 30, 2026. We track Altair on its own because its homes are larger and sell for far more per square foot than the rest of Great Park. New homes sold by builders are left out of every figure on this page.

Great Park home prices by year, 2022–2026

Outside Altair, prices peaked in 2024. Since then, single-family price per square foot is down about 6% and condos about 12%. Altair held up better, about 5% below its 2025 high. The "sold above list" column covers Great Park outside Altair.

What the numbers mean if you're selling

• Over the last 24 months, 66 of 111 Great Park single-family resales took more than 30 days to sell, and 44 of those 66 cut their price along the way. They closed at a median 92.6% of their original list price. The 24 that sold within two weeks got 100%. On a typical $2.29 million home, the gap between the two groups is roughly $170,000. For condos and townhomes it was 100% against 94.1%, and 132 of the 205 slow sales had cut their price.
• Your real competition is the builder sales office. New homes are still selling in Great Park, often with incentives, and buyers compare. We price a resale against what builders are offering right now, net of their incentives. Priced that way, resales end up close to new-home prices, and you have two things a builder can't offer: buyers can move in right away, and their street is already finished. With new homes for sale nearby, buyers have little reason to bid up a resale, so don't count on multiple offers.
• In Altair, the median sale took 62 days over the last 12 months, up from 22 a year earlier, and no 2026 resale has closed over asking. Plan for a longer campaign on a $4 million home, and price from Altair sales in the last six months.

What Great Park buyers ask about

• Great Park homes pay a Mello-Roos special tax on top of regular property tax. In our experience it runs roughly 0.6% of the home's price a year, but the amount varies by home, so put the exact figure from your tax bill in front of buyers early.
• Most of Great Park is in the Irvine Unified School District, but the newest neighborhood, Luna Park, is split: some homes are in the Saddleback Valley Unified School District, and other parts are assigned to Irvine Unified. Say which district your home is in, right in the listing.
• HOA dues vary from one Great Park neighborhood to another, and buyers will compare yours with what builders quote for new homes. Order the HOA packet when you list, not after you're in escrow.

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Ricky's take on Great Park

I know Great Park better than any other part of Irvine. We moved to the U.S. around the time Pavilion Park was being built, started in real estate in 2015, and watched Pavilion Park, Beacon Park and Cadence Park go up one park at a time. What stands out to me is the range. There are big single-family homes on large lots, single-level homes, townhomes and small condos, so all kinds of people fit here, which suits a city where so many residents came from somewhere else. If you want a big lot, look at Beacon Park and Pavilion Park. If you just arrived and want a first place to settle, the newer neighborhoods have plenty of townhomes and condos.

That range is why pricing has to start with the home, not the Great Park average. A single-family or single-level home on a big lot, priced at the average price per square foot, will sell for too little. Big lots like the ones in Beacon Park are hard to find anywhere in Irvine, and a home with a good floor plan, a large yard and a good orientation holds its value. Its buyers are usually moving up, so we market the home's specific strengths straight to them.

Condos are what I've sold most here this past year, from two bedrooms to four. They're lower in total price and in price per square foot. Some people knock Great Park for how close the homes are, but first-time buyers aren't looking for a mansion on a huge lot. They want a home that works, whether that means working from home, raising kids or living with parents, and the new amenities in each neighborhood help. We find these buyers on Instagram and YouTube, not in print. Many have never bought a home and don't want to renovate, so the home should be move-in ready, and dated cabinet or wall colors are worth updating before it goes on the market. Great Park is still my favorite part of Irvine. — Ricky Zhang

About Great Park

Great Park is a large residential area built on the former El Toro Marine Corps Air Station. The homes are part of Great Park Neighborhoods, developed by FivePoint around the city-owned Orange County Great Park, ZIP 92618. The first neighborhood, Pavilion Park, opened in 2013. Beacon Park, Parasol Park, Cadence Park, Novel Park, Rise and Solis Park followed, and Luna Park is the newest. FivePoint is entitled to build 10,566 homes here and had about 1,300 more under city review as of late 2025, so building will go on for years.

Each neighborhood is built around its own park, many with pools, and trails connect them to the Orange County Great Park. The park itself, about 1,300 acres, has the Great Park Sports Complex, Great Park Ice (four rinks and the Anaheim Ducks' training facility), the Great Park Balloon, the Farm + Food Lab and the Wild Rivers water park, which opened in 2022.

Altair is a 24-hour guard-gated enclave of estate homes built between 2017 and 2020 by a Lennar and Toll Brothers joint venture, with its own master association. It is in the Irvine Unified School District and zoned to Portola High School.

The Irvine Unified schools inside Great Park are Beacon Park School (K-8, opened 2016), Cadence Park School (K-8, 2018), Solis Park School (K-8, 2022) and Portola High School (2016). Luna Park, the newest neighborhood, is split: some homes are in the Saddleback Valley Unified School District and zoned to El Toro High School, while other parts are assigned to Cadence Park or Solis Park School and Portola High. Check the district for the specific address.

Great Park FAQ

What is a Great Park home worth right now?

In the 12 months ending September 30, 2026, Great Park single-family homes outside Altair sold for a median $2.29 million, about $760 per square foot, and condos and townhomes for a median $1.38 million, about $650 per square foot. In Altair the median was $4.03 million. What builders are charging for comparable new homes right now matters as much as past sales. Get your home value here.

Does Great Park have Mello-Roos?

Yes. Great Park homes pay a Mello-Roos special tax on top of regular property tax, roughly 0.6% of the home's price a year in our experience. The exact amount varies by home and is on the property tax bill, so check yours.

What schools serve Great Park?

Most of Great Park is in the Irvine Unified School District: Beacon Park, Cadence Park or Solis Park School for K-8 depending on the address, and Portola High School. Luna Park, the newest neighborhood, is split between Saddleback Valley Unified (El Toro High School) and Irvine Unified (Cadence Park or Solis Park School and Portola High), so check the district for the specific address.

How fast do homes sell in Great Park?

In the 12 months ending September 30, 2026, the median was 31 days for single-family homes and 32 days for condos and townhomes, against 23 and 30 days for Irvine overall. Altair homes took a median 62 days.

What is the difference between Great Park and Altair?

Altair is a guard-gated enclave of larger homes next to the Great Park Neighborhoods, built by a Lennar and Toll Brothers joint venture. Its homes sold for a median $909 per square foot over the last 12 months, against $760 for single-family homes in the rest of Great Park.

Who should I list my Great Park home with?

Since 2022, Irene and Ricky Zhang have listed and sold 36 Great Park homes, about $68 million in sales, including a $4.2 million single-family sale in April 2025 that is tied for the highest Great Park resale outside Altair in that time. Every listing gets its own video and paid ads that run until it goes into escrow. RealTrends Verified ranked them the #1 small team in Irvine by sales volume and transaction sides in its 2026 City Rankings, based on 2025 production.

Why Great Park sellers work with Irene and Ricky

2026 RealTrends Verified: #1 small team in Irvine by volume and by sides
Irene Zhang, DRE #01967217 · Ricky Zhang, DRE #01972236

Our Great Park sales

Since January 2022 we have listed and sold 36 Great Park homes, 12 single-family and 24 condos and townhomes, for about $68 million in total. In April 2025 we sold a 4,676 sq ft home on Cruiser for $4.2 million after 4 days on the market.

We're Irene and Ricky Zhang, a husband-and-wife team with Keller Williams Realty Irvine, and since 2015 we've closed more than $600 million in sales. Ricky runs listing strategy and marketing; Irene handles home preparation, negotiation and client care. Meet Irene and Ricky →

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More for Irvine homeowners

• Nearby neighborhoods: Portola Springs, Woodbury, Cypress Village, Orchard Hills
• Irvine home prices by neighborhood
• Weekly Irvine market updates
• Seller's guide and seller FAQs

Sources

• Sales figures: CRMLS closed resale records for Great Park, Altair and Irvine, January 2022 to September 2026, compiled by Irene and Ricky Zhang.
• Neighborhood parks and opening years: Great Park Neighborhoods, Parks.
• School opening years: Irvine Unified School District, facilities projects. Luna Park school districts: Lennar, Aquila at Luna Park and IUSD school boundaries and assignments, 2026–27.
• Park features and size: City of Irvine, Current Great Park Features and Great Park Sports Facilities; Wild Rivers opening: Wikipedia, Orange County Great Park.
• Home entitlements: Orange County Business Journal.