
Lake Forest, California 92630
This Ground-Level Condominium represents a Strong Value Opportunity, listed at $555,000—positioned well below the $530,493 Fair Market Value by -4%. Featuring a Condition Rating of 3, the unit offers a renovated Granite Kitchen and Stainless Steel Appliances. Residents benefit from HOA Amenities including a pool, spa, and tennis courts, alongside proximity to the 8/10 rated Trabuco Hills High School. This property balances functional living with community perks, making it an ideal acquisition for first-time buyers or downsizers seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro Road 231 Subject | $495,999* List Price | 2 | 2 | 916 | $541 | - |
A 20702 El Toro 82 Sold | $504,000 | 2 | 2 | 916 | $550 | 0.1 mi |
B 20702 El Toro Sold | $497,500 | 2 | 2 | 916 | $543 | 0.1 mi |
C 20702 El Toro 16 Sold | $505,000 | 2 | 2 | 950 | $532 | 0.1 mi |
D 20702 El Toro 290 Sold | $574,000 | 2 | 2 | 916 | $627 | - |
E 20702 El Toro Active | $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.
The property is well-maintained and move-in ready with a renovated kitchen featuring granite countertops and stainless steel appliances. While the Spanish tile flooring and wall AC unit are dated, the updated interior doors and crown molding indicate a partial renovation within the 5-15 year range.
This ground-floor unit offers easy entry and a private patio, making it an ideal choice for downsizers or buyers seeking a convenient, stair-free living environment.
The association fee covers essential utilities like water and trash, while providing residents access to premium community features including a pool, spa, and tennis courts.
The property includes two dedicated parking spaces (one carport) and comes equipped with an in-unit washer and dryer, offering significant functional value rare at this price point.
At approximately $554 per month, the association fees are relatively high, which may impact the overall monthly affordability and debt-to-income ratio for some buyers.
The property is noted as having no view, which may be a disadvantage for buyers prioritizing aesthetic exterior vistas or panoramic surroundings.
This lovely Lake Forest community is now FHA Approved and has passed all SB 326 inspections!!! Welcome to easy, low-maintenance living in the heart of Lake Forest! This beautifully updated ground-level 2-bedroom, 2-bath condominium offers the comfort and convenience today’s buyers are looking for—all with no interior or exterior stairs to navigate. Inside, you’ll find 916 square feet of thoughtfully designed living space featuring Spanish tile flooring throughout, creating a warm, cohesive look that’s both stylish and easy to maintain. The updated kitchen serves as the heart of the home, offering modern finishes, ample cabinetry, and a functional layout that flows seamlessly into the dining and living areas, making everyday living and entertaining effortless. The spacious primary suite provides a private retreat with an en-suite bathroom, while the second bedroom offers flexibility for guests, a home office, or hobbies. A second full bathroom adds convenience for family and visitors alike. Enjoy the ease of having two dedicated parking spaces (one that is covered) and the value of an HOA that includes water, trash, and access to community amenities which include a sparkling pool, sauna and tennis courts, helping simplify monthly expenses while enhancing your lifestyle. Whether you’re purchasing your first home, looking to downsize, or searching for a low-maintenance property in a convenient location, this home checks all the boxes. Ideally situated near shopping, dining, parks, and commuter routes, you’ll enjoy easy access to everything Lake Forest has to offer while coming home to a comfortable and inviting space. Offered at $525,000, this move-in-ready residence combines thoughtful updates, practical features, and an exceptional location into one outstanding opportunity.
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 | 1,109.86 |
| Lot Size | - | 165,856.581 |
| Price | $496.0K | $663.6K |
| Price per sq ft | $541 | $603 |
| Built year | 1980 | 1987 |
| HOA | $553.88 | $485 |
| Days on market | 103 | 54 |
Aug 10, 2026
$495,999
$499,999
-1% Price Drop
Initial Listing
Jul 19, 2026
$499,999
$515,000
-3% Price Drop
Initial Listing
Jul 9, 2026
$515,000
$525,000
-2% Price Drop
Initial Listing
Jun 19, 2026
$525,000
$535,000
-2% Price Drop
Initial Listing
Jun 4, 2026
$535,000
$555,000
-4% Price Drop
Initial Listing
May 29, 2026
$555,000
Initial Listing
Jul 11, 2022
$525,000
Public Record
May 1, 2009
$228,000
Public Record
Aug 6, 2008
$185,500
Public Record
Apr 28, 2006
$368,000
Public Record