
Lake Forest, California 92630
This Turnkey Condominium presents a Prime Investment Opportunity with a List Price of $514,900—positioned well below the $527,835 Fair Market Value by 2%. This valuation gap offers $12,935 in Instant Equity. Featuring a Mint Condition Rating, the home includes a Remodeled Granite Kitchen and serene Waterfront Views. Located in the Saddleback Valley Unified district near Trabuco Hills High School, this property is an ideal acquisition for first-time buyers or owner-occupants seeking a resort-style lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro Rd Unit 259 259 Subject | $505,000* List Price | 2 | 2 | 916 | $562 | - |
A 20702 El Toro 390 Sold | $417,000 | 1 | 1 | 686 | $608 | 0.0 mi |
B 20702 El Toro 82 Sold | $504,000 | 2 | 2 | 916 | $550 | 0.2 mi |
C 20702 El Toro 290 Sold | $574,000 | 2 | 2 | 916 | $627 | 0.1 mi |
D 20702 El Toro Sold | $497,500 | 2 | 2 | 916 | $543 | 0.2 mi |
E 20702 El Toro Sold | $419,000 | 1 | 1 | 686 | $611 | 0.1 mi |
F 20702 El Toro Active Under Contract | $499,000 List Price | 2 | 2 | 916 | $545 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a recent comprehensive remodel (likely <5 years) featuring a modern kitchen with white shaker cabinets and granite countertops, new luxury vinyl flooring throughout, and fresh paint. It is in mint, move-in ready condition.
The ground-level unit offers a serene setting overlooking a lake and streams, providing a resort-like atmosphere with views of local wildlife and the soothing sound of rushing water.
The property features a beautifully remodeled kitchen with granite countertops and shaker cabinets, complemented by stylish vinyl flooring throughout the home.
Both bedrooms feature attached bathrooms, creating a dual-master setup that maximizes privacy and utility for roommates or guests.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 916, other record living area = 686. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At 916 square feet for a two-bedroom unit, the interior may feel constrained for buyers seeking more spacious living areas or extensive storage.
Built in 1980, the property may lack the modern energy efficiency, soundproofing, and contemporary building standards found in newer developments.
Location Location Location. This adorable condo is Ground Level overlooking the large Lake and streams. The babbling sound of the rushing creek is heard from both bedrooms window. Calm and serene environment right outside your patio with water turtles and beautiful Koi fish and cute ducks. The patio Fencing can be removed, exposing the entire patio to the lake if desired. The Pool/ spa is conveniently located to the property. The two bedrooms have attached bathrooms making dual suites. Spacious Living room with attached dining and slider to the patio. Kitchen has been beautifully remodeled, shaker cabinets and stylish granite, cabinet depth refrigerator, this would please any gourmet. Additionally...each bedroom has overhead fan lighting. Beautiful vinyl flooring throughout the home. Washer & Dryer included. HOA pays for Water/Trash and Central HOT water. Amenities include: 3 Pools/Spa, Tennis Courts, Pickle Ball, Basketball, open space and tree lined grounds, much like a resort. Two assigned Parking spaces, one covered. The local trail across the street "Aliso Creek Trail"- hiking trails from ocean to mountains. Miles of paved Bike paths. Some of the best perks for living in Orange County are right here in your own backyard. Come take a look and see what great things this property has to offer- you wont be disappointed.
No exterior & parking available.
Grades K-6 • 3.4 mi
Grades 7-8 • 4.5 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 | 1,109.86 |
| Lot Size | - | 165,856.581 |
| Price | $505.0K | $663.6K |
| Price per sq ft | $551 | $603 |
| Built year | 1980 | 1987 |
| HOA | $354.0 | $485 |
| Days on market | 22 | 54 |
Sep 3, 2026
$505,000
$514,900
-2% Price Drop
Initial Listing
Aug 18, 2026
$514,900
Initial Listing
Mar 10, 2021
$305,000
Public Record
Jan 13, 2017
$265,000
Public Record