Now offered at a newly improved price, welcome to 5 Caroban exceptional end unit home on a cul de sac in the desirable Terrace community of University Park. Offered for only the second time, this residence features the largest Cambridge floor plan with 3 bedrooms and 2 baths, combining privacy, thoughtful upgrades, and energy efficient living. Set along the community perimeter, the home enjoys open space, mature trees, and no direct neighbor on one side. This location offers enhanced privacy with some nearby freeway presence; a landscaped sound wall provides added separation, and many appreciate the trade off for increased openness and light. Recent improvements include a newer tile roof with owned solar, delivering electric bills averaging approximately $17/month so far this year. Additional upgrades include fresh interior paint, new designer carpet, waterproof laminate flooring, updated landscaping with exterior lighting, and an energy efficient 4 ton HVAC system. The updated kitchen features newer cabinetry, countertops, and appliances, opening to a bright dining area. The spacious living room offers a fireplace, wet bar, and direct access to an expansive patioideal for indoor outdoor living and entertaining. The primary suite includes dual closets and an updated bath with a remodeled walk in shower and solar tube. Secondary bedrooms feature new carpet, with one offering French doorsideal for an office or flex space. Enjoy two private outdoor areas, including a courtyard patio and a larger professionally landscaped patio off the main living area. Additional highlights include an insulated, air conditioned garage and generous attic storage. The Terrace offers 33 acres of greenbelts, pools, spas, clubhouse, BBQ areas, and tot lots, with low HOA dues. Located within Irvine Unified and close to shopping, dining, and commuter routes. With its recent price adjustment, owned solar, and low utility costs, 5 Carob presents a compelling opportunity in one of Irvines most established neighborhoods.