12336 Circula Panorama, Santa Ana, CA 92705

Panoramic View Fixer with Endless Potential – Panorama Heights, North Tustin! Perched in the prestigious Panorama Heights of North Tustin, this rare fixer-upper with panoramic views is your chance to own a legacy property with massive upside. Enjoy breathtaking, unobstructed vistas from every floor and deck—Catalina sunsets, Disneyland fireworks, snow-capped peaks, and city lights that stretch all the way to downtown L.A. With over 4,330 square feet of living space and an incredibly versatile layout, this home is brimming with potential. Large windows and expansive decks on every level make the most of the natural beauty surrounding you, from sunrise to twilight. The main level features an open living and dining area, gourmet kitchen, and direct access to a 3-car garage. The big driveway is a rare and valuable bonus in this hillside neighborhood, providing space for up to six additional vehicles—ideal for hosting gatherings or family events. The deck off the main level is perfect for outdoor dining or sunset entertaining. Downstairs, the primary suite opens to another view deck and is joined by two guest bedrooms, a full bathroom, and laundry room. The lowest level includes a spacious bonus room with wet bar, wine cellar, a guest bedroom and full bath—and can function as a fully separate guest suite with its own private entrance, accessed by an exterior staircase along the side of the home. This makes it ideal for extended family, a live-in nanny, or as a potential income-producing unit. There’s also a 1,179-square-foot unfinished space/room with plumbing, electrical, and HVAC—ready for transformation into a gym, studio, theater, or anything your vision demands. Calling all investors, flippers, and buyers looking for value built-in! This home needs some TLC and cosmetic updates, but the bones are solid, the layout is functional, and the views are priceless. Opportunities like this rarely come along in Panorama Heights—renovate, reimagine, and build instant equity. Just minutes from scenic Peters Canyon, top-rated schools, shopping, and dining—this is your chance to own a spectacular view property in one of North Tustin's most sought-after neighborhoods.