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16 Waterway, Irvine, CA 92614

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For Sale

$1,786,000

2 beds • 2 baths • 1,947 sqft

Estimated Payment

$ 9,153 /mo. †

6.63% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Condominium
    Property type

  • $917.31
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

LAKEFRONT LIVING AT ITS FINEST A Rare Opportunity to OWN your dream WATERFRONT HOME, where every day feels like a vacation. This stunning MULTI-LEVEL PRIVATE condo offers unmatched 270-DEGREE LAKEFRONT VIEWS and an enviable location in the heart of Woodbridge. With 1,947 square feet of LIGHT-FILLED living space, this 2-bedroom + PLUS DEN/LIBRARY, 2-bath home is a MASTERPIECE OF DESIGN & STYLE. Step into the OPEN & AIRY LIVING ROOM, where expansive windows frame breathtaking lake views. The DECK, BUILT RIGHT OVER THE WATER, is the perfect QUIET spot to relax with your morning coffee or entertain under the stars. Gleaming WOOD FLOORS, NEW CARPET & FRESH PAINT throughout is your opportunity to CURATE YOUR UNIQUE STYLE in a MODERN and inviting atmosphere. The spacious MAIN SUITE is a PRIVATE RETREAT, offering PANORAMIC views of the lake. Featuring a sitting area with a cozy fireplace, a spa-like bath with a SOAKING TUB OVERLOOKING THE LAKE, dual vanities, a step-in shower, and a generous walk-in closet. The library/den, complete with custom built-ins and a charming library ladder, is ideal for quiet moments or creative inspiration. The kitchen is a chef s dream, where cooking becomes a grand experience. The adjacent dining room with SWEEPING LAKE VIEWS, and custom built-ins makes every meal a celebration. Practical features abound, including a separate laundry room with a deep wash sink, a bonus storage room, and modern upgrades like a tankless water heater and newer HVAC system. Located just steps from South Lake Beach Club and lagoon, this home offers access to Woodbridge s unparalleled resort-style amenities, including two lakes with sandy beach lagoons, 20 pools, tennis courts, parks, sports courts, and more. Enjoy the convenience of award-winning schools, proximity to UCI, shopping, the airport, and major freeways all while living in America s safest city. This meticulously maintained one-owner home is a blank canvas ready for you to make your own. Don t miss this rare chance to live the ultimate lakefront lifestyle. Schedule your private tour today! SOLD COMPARABLE LAKEFRONT CONDOS: 42 Woodgrove, $2,350,000 10/24, 25 Lakeview $2,030,000 9/24, 21 Bridgewood $2,550,000, 2/24
MLS# OC25021356

Courtesy Of First Team Real Estate

(949) 539-0824

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Sky light
  • Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Ice Maker, Microwave, Oven - Double, Range, Refrigerator, Trash Compactor, Washer
  • Architecture Style
    Contemporary
  • Exterior Type
    Stucco
  • Floor Covering
    Carpet, Tile, Wood
  • Heating System
    Central Furnace
  • Rooms
    Den, Family Room, Library, Office
  • View Type
    Lake, Panorama, Water

Map and Directions

Directions to 16 Waterway, Irvine, CA 92614

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $9,153
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $9,153

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Meadow Park Elementary School

Grades KG-6 Public School

Irvine, CA 92614 0.2 miles
50 blue lk s

362 total students
24:1 Student teacher ratio

School Rating: A

School Details

South Lake Middle School

Grades 7-8 Public School

Irvine, CA 92614 0.2 miles
655 w yale loop

439 total students
20:1 Student teacher ratio

School Rating: A-

School Details

Woodbridge High School

Grades 9-12 Public School

Irvine, CA 92604 0.6 miles
2 meadowbrook

1931 total students
24:1 Student teacher ratio

School Rating: A

School Details
Other Nearby Schools Distance Type Grades School Rating
Rancho San Joaquin Middle School 0.5 miles Public 7-8 A-
Spring Brook Elementary School 0.5 miles Public KG-6 A
Jenny Hart Early Education Center 0.5 miles Private PK-KG
Pacific Academy 0.5 miles Private KG-12
Irvine Adult Transition Programs 0.8 miles Public 12
Westpark Montessori School Of Irvine 0.9 miles Private PK-KG
Leport Montessori Irvine Mandarin 0.9 miles Private KG
University Park Elementary School 0.9 miles Public KG-6 B
Mardan School 0.9 miles Private KG-12
Culverdale Elementary School 1 miles Public KG-6 A-
Village Montessori School Of Irvine 1 miles Private PK-3
Eastshore Elementary School 1 miles Public KG-6 A-
Stone Creek Elementary School 1.1 miles Public KG-6 A
Lakeside Middle School 1.2 miles Public 7-8 A-
Oak Creek Elementary School 1.4 miles Public KG-6 A-
Westpark Elementary School 1.4 miles Public KG-6 B
Turtle Rock Preschool & Kindergarten 1.5 miles Private PK-KG

Rancho San Joaquin Middle School

Distance: 0.5 miles

Type Public

Grades: 7-8

A-

Spring Brook Elementary School

Distance: 0.5 miles

Type Public

Grades: KG-6

A

Jenny Hart Early Education Center

Distance: 0.5 miles

Type Private

Grades: PK-KG

Pacific Academy

Distance: 0.5 miles

Type Private

Grades: KG-12

Irvine Adult Transition Programs

Distance: 0.8 miles

Type Public

Grades: 12

Westpark Montessori School Of Irvine

Distance: 0.9 miles

Type Private

Grades: PK-KG

Leport Montessori Irvine Mandarin

Distance: 0.9 miles

Type Private

Grades: KG

University Park Elementary School

Distance: 0.9 miles

Type Public

Grades: KG-6

B

Mardan School

Distance: 0.9 miles

Type Private

Grades: KG-12

Culverdale Elementary School

Distance: 1 miles

Type Public

Grades: KG-6

A-

Village Montessori School Of Irvine

Distance: 1 miles

Type Private

Grades: PK-3

Eastshore Elementary School

Distance: 1 miles

Type Public

Grades: KG-6

A-

Stone Creek Elementary School

Distance: 1.1 miles

Type Public

Grades: KG-6

A

Lakeside Middle School

Distance: 1.2 miles

Type Public

Grades: 7-8

A-

Oak Creek Elementary School

Distance: 1.4 miles

Type Public

Grades: KG-6

A-

Westpark Elementary School

Distance: 1.4 miles

Type Public

Grades: KG-6

B

Turtle Rock Preschool & Kindergarten

Distance: 1.5 miles

Type Private

Grades: PK-KG

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Irvine, CA 92614

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Irvine, CA 92614

This community’s employment is highest in the administrative support and production occupations industries. The area’s overall household expenses are above the national average.

81° August
Hottest Average Month
44° January
Coldest Average Month
9,919 Total Households in Area
-1.4% Increase in population since the year 2010
30.4%
of households
have children
23 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Irvine, CA 92614

Irvine, CA 92614 has a population of 25,678 people in 9,919 households with a median age of 35.8 years old.

-1.4%
Decrease in population
since the year 2010
Population is Trending down
10,247
Total households as of 2010
2.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 35.8 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 42%
Asian 39%
Hispanic 12%
Other 4%
Black 3%
Native American <1%
The most prevalent ethnicity is White at 42%, followed by Asian at 39%, Hispanic at 12%, and Other at 4%.

Economics
for Irvine, CA 92614

5,897 /sq mi
Population Density
$115,569 /yr
Median Household Income
$1,279,000
Median Sales Price
23 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 19.61% of the households.

Transportation to Work

  • Drive 76%
  • Work from Home 17%
  • Walk or Bike 7%
  • Public Transit 1%

Occupancy by Type

Rented 6,214 58%
Owned 3,704 34%
Vacant 855 8%

White vs Blue Collar Jobs







White Collar 95%
Blue Collar 5%

Family & Education Facts
for Irvine, CA 92614

35.8 Median Age

Average Household Size

2.6
persons per
household

45.2%

Married Households

Community Population By Education

Bachelors Degree 40%
Graduate Degree 27%
Some College 12%
Associates Degree 8%
Some High School 7%
High School Graduate 6%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 40.45% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
30.4% of households have children

Weather
for Irvine, CA 92614

The weather for this area ranges from a high of 81° F in August to a low of 44° F in January

81° August
Hottest Average Month
44° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
44°
66°
Feb
46°
67°
Mar
47°
68°
Apr
50°
71°
May
54°
73°
Jun
58°
76°
Jul
61°
80°
Aug
62°
81°
Sep
60°
81°
Oct
55°
77°
Nov
49°
72°
Dec
44°
67°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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