Irvine, California, has long been synonymous with a high quality of life, excellent schools, and a thriving business environment. For those seeking a sophisticated and convenient lifestyle, the city's luxury condo market offers an array of impressive options. This guide provides a comprehensive overview of what to expect when purchasing a luxury condo in Irvine in 2026, from the top buildings and their amenities to a detailed breakdown of HOA fees and current market trends.
Irvine's Luxury Condo Market in 2026
The Irvine real estate market has remained competitive, with a median home sale price of approximately $1.6 million as of December 2025 . While the market has seen a slight increase in the number of days homes stay on the market, the demand for luxury properties remains strong. Condos and townhomes, in particular, continue to attract consistent buyer interest . For 2026, experts predict a modest but steady growth in home prices, with an increase in available homes as more sellers gain confidence in the market .
Top Luxury Condo Buildings in Irvine
Irvine is home to several high-rise and mid-rise condominium buildings that offer a resort-like living experience. Here's a closer look at some of the most sought-after addresses in the city.
The Plaza
Located at 5000 and 8000 Scholarship, The Plaza is a premier high-rise community offering a sophisticated urban lifestyle. The two 15-story towers, along with the third tower at 3000 The Plaza, feature a total of over 300 luxury residences. The Plaza is known for its spacious units, floor-to-ceiling windows, and a wide array of amenities, including two swimming pools, a state-of-the-art fitness center, and 24-hour concierge service .
Marquee Park Place
As the first high-rise condominium development in the heart of Orange County, Marquee Park Place set the standard for luxury vertical living in Irvine. Located at 3131 Michelson Drive, the two 18-story towers house 232 residences. The building is known for its contemporary design, expansive balconies, and resort-style amenities, including an oversized swimming pool, a professional business center, and a world-class media room .
Avenue One
Avenue One, located at 1438 Scholarship, offers a more intimate, mid-rise living experience with 406 units spread across five stories. The community boasts a range of amenities, including a fitness center, a clubhouse, and an indoor basketball court. Its convenient location near the San Joaquin Marsh and UC Irvine makes it a popular choice for those seeking a balance of nature and city life .
Watermarke
Watermarke, at 3128 Watermarke Place, is a Mediterranean-inspired community that offers a luxurious lifestyle at a more accessible price point. With 534 units across four stories, Watermarke provides a resort-like atmosphere with three pools, a fitness center, and a variety of sports courts. The community is known for its lush landscaping and a strong sense of community .
HOA Fee Breakdown
Homeowners' Association (HOA) fees are a significant consideration when purchasing a condo, as they contribute to the maintenance of the building's common areas and amenities. In Irvine's luxury condo market, these fees can range from a few hundred to over a thousand dollars per month. The table below provides a comparison of the average HOA fees for the featured buildings.
|
Building
|
Average Monthly HOA Fee
|
|
The Plaza
|
$1,413
|
|
Marquee Park Place
|
$1,440
|
|
Avenue One
|
$601
|
|
Watermarke
|
$536
|
These fees typically cover services such as 24-hour security, concierge, trash, water, gas, and maintenance of the building's amenities and grounds.
Amenities Comparison
The amenities offered by luxury condo buildings are a major draw for buyers. From resort-style pools to state-of-the-art fitness centers, these buildings provide a lifestyle of convenience and comfort. The table below compares the key amenities of the featured buildings.
|
Amenity
|
The Plaza
|
Marquee Park Place
|
Avenue One
|
Watermarke
|
|
Pools
|
2 (Olympic & Lap)
|
1 (Oversized)
|
1
|
3
|
|
Fitness Center
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Concierge
|
24-Hour
|
24-Hour
|
No
|
Yes
|
|
Clubhouse
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Business Center
|
Yes
|
Yes
|
Yes
|
No
|
|
Tennis Courts
|
No
|
No
|
Yes
|
Yes
|
|
Basketball Court
|
No
|
No
|
Yes
|
Yes
|
|
Pet Friendly
|
Yes
|
Yes
|
Yes
|
Yes
|
Tips for Buying a Luxury Condo in Irvine
1.Work with an Experienced Agent: The luxury condo market has its own nuances. An agent with experience in this specific market can provide invaluable guidance and access to off-market listings.
2.Understand the Total Cost of Ownership: Beyond the purchase price, be sure to factor in HOA fees, property taxes, and potential assessments. The property tax rate in Irvine is approximately 1.06% of the property's value .
3.Review HOA Documents Thoroughly: Before making a purchase, carefully review the HOA's financial statements, bylaws, and meeting minutes. This will give you insight into the financial health of the association and any potential issues.
4.Consider Your Lifestyle: Each building has its own unique culture and demographic. Consider which building's amenities and social scene best align with your lifestyle.
Buying a luxury condo in Irvine is a significant investment, and navigating HOA fees, building amenities, and market timing requires expert guidance. Whether you're eyeing a penthouse at The Plaza or a resort-style unit at Watermarke, I can help you find the perfect fit for your lifestyle and budget.
Ready to explore Irvine's luxury condo market? Let's connect for a 15-minute strategy call to discuss your options.
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