
Lake Forest, California 92630
This Upgraded Upper-Level Condominium is a turnkey residence listed at $530,000—positioned well at its $536,400 Fair Market Value by 1%. This valuation provides a stable entry with $6,400 in Instant Equity. Boasting a Good Condition Rating, the home features dual master suites, new double-pane windows, and a private balcony with serene greenbelt views. Located in the Saddleback Valley Unified district near top-rated Trabuco Hills High, the FHA-approved community offers resort-style amenities. It is an ideal match for Owner-Occupants or first-time buyers seeking a polished sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro 82 Subject | $530,000* List Price | 2 | 2 | 916 | $586 | - |
A 20702 El Toro Sold | $497,500 | 2 | 2 | 916 | $543 | - |
B 20702 El Toro 16 Pending | $510,000 List Price | 2 | 2 | 950 | $537 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several recent upgrades including new double-pane windows and sliding doors, a brand-new stainless steel refrigerator, and newer kitchen appliances. The interior is well-maintained with modern laminate flooring, granite countertops, and updated bathroom vanities and fixtures. While the building dates to 1982, the extensive cosmetic and functional updates place it firmly in the 'good' category.
The upper-level unit features two master bedrooms with ensuite bathrooms and no neighbors above, providing exceptional privacy and a functional layout ideal for roommates or guests.
Unlike many units in the complex, this home includes new double-pane windows and sliding doors, along with updated stainless steel appliances and fresh interior paint for enhanced efficiency and comfort.
The property is FHA approved, making it accessible for more financing options, and offers extensive community amenities including pools, tennis courts, and scenic trails with water and trash included in the HOA.
At 916 square feet for a two-bedroom residence, the interior living space and room dimensions may feel restrictive for buyers accustomed to larger floor plans.
The monthly association fee of $553.88 represents a significant recurring expense that may impact the overall affordability and debt-to-income ratios for prospective buyers.
FHA APPROVED ((UNIT #82))!!! Live the Lifestyle You have Been Dreaming of in Pheasant Creek! If you love being surrounded by nature — tranquil streams, towering pine and eucalyptus trees, and the soothing sound of birdsong — Pheasant Creek is the perfect place to call home! This beautifully upgraded upper-level residence offers 2 master bedrooms each with their ensuite bathrooms, and with the added tranquility of having no neighbors above you. Step onto your spacious private balcony — an ideal retreat for morning coffee or evening relaxation while enjoying peaceful, tree-filled views. Inside, you will find thoughtful upgrades throughout, including new double-pane bedroom windows as well as the sliding glass door for enhanced comfort and energy efficiency (most units do not have double-pane windows and slider). The kitchen features a brand-new stainless-steel refrigerator, along with newer stainless-steel range and microwave. Ceiling fans in the living room, dining area, and both bedrooms provide year-round comfort. Both bathrooms showcase new fixtures, and the freshly painted bedrooms create a clean, modern ambiance. For added convenience, the balcony includes a laundry closet with extra storage space. Parking is effortless with a one-car garage, an additional assigned parking space, and plenty of guest parking nearby. Brand new garage door opener with battery backup. Enjoy resort-style community amenities, including sparkling pools, tennis and basketball courts, and scenic walking paths woven throughout the lush landscape. The HOA covers water, trash, and exterior maintenance, offering added value and peace of mind. Ideally located near top-rated schools, shopping centers, parks, Aliso bike and walking trails, restaurants, entertainment, Saddleback Church, 5 & 405 freeways, and the 241 Toll Road — this home perfectly balances comfort, convenience, and natural beauty. Do not miss this incredible opportunity. Schedule your private showing today and make this serene retreat your own.
No exterior & parking available.
Grades K-6 • 3.3 mi
Grades 7-8 • 4.4 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 916 | 1,022 | 40% |
| Lot Size | 344,910 | 167,937 | 95% |
| Price | $530.0K | $610.0K | 32% |
| Price per sq ft | $579 | $600 | 40% |
| Built year | 1982 | 1983 | 39% |
| HOA | $553.88 | $465 | 84% |
| Days on market | 69 | 155 | 13% |
Apr 8, 2026
$530,000
$536,400
-1% Price Drop
Initial Listing
Feb 12, 2026
$536,400
Initial Listing
May 10, 2021
$430,000
Public Record
Jun 12, 2019
$345,000
Public Record
Oct 28, 2016
$320,000
Public Record
Mar 20, 2002
$177,000
Public Record
Feb 24, 1999
$90,000
Public Record