
Lake Forest, California 92630
This Turnkey Condominium is a Strong Value Opportunity, listed at $429,000—positioned well below the $442,655 Fair Market Value by 3%. This valuation gap offers $13,655 in Instant Equity for the buyer. Featuring a newly renovated kitchen, quartz countertops, and an Excellent Condition Rating, this home offers a stress-free lifestyle near Trabuco Hills High School. With resort-style amenities and a private patio, it is an ideal choice for first-time buyers or owner-occupants seeking a polished, move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro 283 Subject | $429,000* List Price | 1 | 1 | 686 | $645 | - |
A 20702 El Toro Sold | $419,000 | 1 | 1 | 686 | $611 | 0.2 mi |
B 20702 El Toro 390 Sold | $417,000 | 1 | 1 | 686 | $608 | 0.1 mi |
C 20702 El Toro Road 325 Sold | $435,000 | 1 | 1 | 686 | $634 | 0.2 mi |
D 20702 El Toro Road 94 Sold | $415,000 | 1 | 1 | 686 | $605 | 0.1 mi |
E 20702 El Toro Road 393 Active | $415,000 List Price | 1 | 1 | 686 | $605 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has been newly renovated to a turnkey, mint condition. The renovation includes a modern kitchen with quartz countertops and stainless steel appliances, a fully updated bathroom with subway tile, new flooring, and recessed lighting throughout, meeting the criteria for a renovation under 5 years old.
The property features a comprehensive contemporary remodel including quartz countertops, stainless steel appliances, recessed lighting, and a fully updated bathroom, offering a move-in-ready experience.
This lower-level unit provides easy no-stairs access and includes rare practical features for a one-bedroom home, such as a private side-by-side laundry closet and extensive built-in storage solutions.
The community is FHA loan approved and offers resort-style amenities including pools and sports courts, making it an excellent and accessible option for first-time homebuyers.
With only 686 square feet of living space, the compact layout may feel restrictive for buyers requiring a home office or additional room for guests.
The monthly association fee of $505.54 represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for some buyers.
Welcome to Pheasant Creek, where peaceful, tree-lined surroundings meet everyday convenience in the heart of Lake Forest. This beautifully renovated lower-level one-bedroom, one-bath condo offers the kind of easy, turnkey living buyers hope to find—no stairs, a private patio, covered carport PARKING, LAUNDRY, and thoughtful STORAGE throughout. Inside, this newly renovated home feels fresh, functional, and move-in ready with warm flooring, recessed lighting, neutral paint, an updated kitchen, stainless steel appliances, quartz countertops, a large undermount sink, and a clever built-in pantry/spice cabinet that makes the kitchen live larger than expected. The dining area opens naturally to the kitchen and living room, creating a comfortable layout for everyday meals, working from home, or hosting a friend for coffee. The spacious bedroom includes a walk-in closet, with additional built-in storage in the hall cabinet, kitchen pantry, and private side-by-side laundry closet on the patio, adding the kind of practical storage rarely found in a one-bedroom home. The full bathroom has been beautifully renovated with quartz counters, an undermount sink for easy cleaning, updated fixtures, tile flooring, and a tub/shower with classic subway tile and glass accent detail. The patio offers gentle morning light and shade later in the day—perfect for slow mornings, fresh air, or an evening unwind. Pheasant Creek is known for its peaceful natural setting with mature trees, streams, ducks, turtles, and walking paths throughout the community. Residents enjoy resort-style amenities including a pool, hot tub, tennis courts, a basketball court, and generous guest parking. HOA dues INCLUDE WATER, TRASH, and EXTERIOR MAINTENANCE, and the community is FHA LOAN APPROVED. Conveniently located near parks, shopping, dining, coffee, the Aliso Creek Bikeway, major freeways, and toll road access, this home blends comfort, style, affordability, and the relaxed lifestyle you're seeking.
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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 686 | 1,092 |
| Lot Size | 362,186 | 91,110.5 |
| Price | $429.0K | $658.2K |
| Price per sq ft | $625 | $606 |
| Built year | 1980 | 1988 |
| HOA | $505.54 | $424 |
| Days on market | 19 | 50 |
Jul 3, 2026
$429,000
Initial Listing
Dec 22, 2014
$197,000
Public Record
Mar 31, 2009
$95,000
Public Record
May 18, 2001
$108,000
Public Record