
Lake Forest, California 92630
This Turnkey Condominium is a Strong Value Opportunity, listed at $549,995—positioned above the $521,906 Fair Market Value. While priced slightly above market, the property offers a Condition Rating of 3 with modern updates, including laminate flooring and stone countertops. Residents enjoy a resort-style lifestyle with pools, spas, and tennis courts in a parklike setting. Located in the Saddleback Valley Unified School District, this home is an ideal fit for first-time buyers or owner-occupants seeking a quiet, top-floor retreat with convenient access to major transit corridors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro Rd 178 Subject 2 bd · 2 ba · 916 sqft · $570 | $549,995* List Price | 2 | 2 | 916 | $570 | - |
A 20702 El Toro 82 Sold 2 bd · 2 ba · 916 sqft · $550 · 0.1 mi | $504,000 | 2 | 2 | 916 | $550 | 0.1 mi |
B 20702 El Toro Rd 317 Sold 1 bd · 1 ba · 710 sqft · $581 · 0.1 mi | $412,500 | 1 | 1 | 710 | $581 | 0.1 mi |
C 20702 El Toro 16 Sold 2 bd · 2 ba · 950 sqft · $532 · 0.1 mi | $505,000 | 2 | 2 | 950 | $532 | 0.1 mi |
D 20702 El Toro Active Under Contract 2 bd · 2 ba · 916 sqft · $545 · 0.2 mi | $499,000 List Price | 2 | 2 | 916 | $545 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1980 but features significant interior updates including modern laminate flooring, stone countertops, and updated fixtures. The kitchen and living areas appear well-maintained and move-in ready, consistent with a renovation performed within the last 5-15 years.
As a top-floor end unit, this home offers enhanced privacy with no neighbors above and fewer shared walls, complemented by a rare dual-ensuite layout ideal for shared living or guests.
The Pheasant Creek community provides a resort-style setting with pools and sports courts, while the HOA fee conveniently covers essential utilities including water, gas, and trash.
This property includes both a secure one-car garage for parking and storage plus an additional reserved space, a significant advantage over typical single-space condo offerings.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =362186, other record lot size in square feet = 529750.
The monthly association fee of $553.88 is relatively high, which may impact the overall debt-to-income ratio and monthly affordability for budget-conscious buyers.
At 916 square feet for a two-bedroom residence, the interior living space is compact, which may feel restrictive for those requiring larger common areas or extensive furniture.
Top floor end unit living in Pheasant Creek, one of Lake Forest’s most parklike communities. Mature trees, flowing streams, and a large pond set the tone the moment you arrive, and the Aliso Creek Trail sits right across the street. This 2 bedroom, 2 bath home offers a layout that’s hard to find in a condo. Each bedroom has its own ensuite bathroom and built in closets, giving you two private suites. Use the second as a guest retreat, a home office with its own bath, or a comfortable setup for shared living. Being on the top floor at the end of the building means no one above you, fewer shared walls, and a quieter, more private feel. Large sliders fill the living room with natural light and open to an expansive balcony made for morning coffee or winding down in the evening. Laundry is right off the balcony, and the dining area flows naturally from the living space, making everyday living and hosting easy. A one car garage adds secure parking and storage, plus you get an additional reserved space. Pheasant Creek feels more like a park than a condo complex. Residents enjoy multiple pools and spas, tennis and basketball courts, and beautifully landscaped grounds throughout. HOA dues cover water, gas, and trash, so those are bills you won’t be paying separately. Located in the Saddleback Valley Unified School District, minutes from shopping and dining, with El Toro Road and Santa Margarita Parkway putting the 241 and the 5 within easy reach.
No exterior & parking available.
Grades K-6 • 3.4 mi
Grades 7-8 • 4.4 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 916 | 1,096.746 |
| Lot Size | 362,186 | 185,385.508 |
| Price | $550.0K | $649.6K |
| Price per sq ft | $600 | $596 |
| Built year | 1980 | 1986 |
| HOA | $553.88 | $502 |
| Days on market | 11 | 57 |
Oct 14, 2026
$549,995
Initial Listing
Aug 25, 2023
$541,000
Public Record
Dec 18, 2013
$290,000
Public Record
Mar 1, 2012
$175,000
Public Record