
Lake Forest, California 92630
This Fully Reimagined Condominium is a Strong Value Opportunity, listed at $524,500—positioned well below the $570,306 Fair Market Value by 8%. This valuation gap offers $45,806 in Instant Equity for the incoming owner. Boasting a Condition Rating of 2, the home features a refreshed kitchen with stainless appliances, new laminate flooring, and a private balcony overlooking scenic community ponds and streams. Located in the Saddleback Valley Unified district near Trabuco Hills High, it balances financial upside with resort-style living. This is an ideal match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro Subject | $524,500* List Price | 2 | 2 | 916 | $623 | - |
A 20702 El Toro Sold | $497,500 | 2 | 2 | 916 | $543 | 0.3 mi |
B 20702 El Toro Road 325 Sold | $435,000 | 1 | 1 | 686 | $634 | 0.0 mi |
C 20702 El Toro 82 Active Under Contract | $530,000 List Price | 2 | 2 | 916 | $579 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone a comprehensive recent renovation (likely <5 years) described as 'fully reimagined.' It features a refreshed kitchen with new stainless steel appliances, completely updated bathrooms with modern vanities, new laminate flooring, and fresh paint throughout, putting it in mint, move-in ready condition.
This fully reimagined condo features a refreshed kitchen with stainless steel appliances, new laminate flooring throughout, and completely updated bathrooms, offering a move-in-ready experience.
Set within the scenic Pheasant Creek community, residents benefit from lush grounds with streams and ponds, plus access to pools, tennis courts, and basketball courts, with water and trash included in the HOA.
The property is FHA approved, making it an excellent opportunity for first-time buyers, and is ideally located near the Irvine Spectrum and highly-rated schools like Trabuco Hills High.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =344910, other record lot size in square feet = 8404.
The monthly association fee of $553 is relatively high for a unit of this size, which may impact overall monthly affordability and debt-to-income ratios for some buyers.
At 916 square feet for a two-bedroom unit, the interior space is somewhat limited, and the laundry is located in an exterior patio closet rather than inside the main living area.
Tucked within the lush, tree-lined Pheasant Creek community where winding streams and peaceful ponds set the tone, this fully reimagined 2-bed, 2-bath condo is the California lifestyle upgrade you've been waiting for. Every inch of this home has been thoughtfully touched. The kitchen has been nicely refreshed with sleek stainless-steel appliances and recessed lighting that sets the perfect ambiance. New laminate floors run seamlessly throughout, fresh paint brightens every room, and new ceiling fans in the dining area and bedrooms add both style and function. Both bathrooms? Completely refreshed. The living room opens directly onto a spacious private balcony, your own quiet corner for morning coffee, evening cocktails, or simply doing nothing at all. A patio laundry closet with extra storage keeps life organized without sacrificing space. Parking is a non-issue here as you get both an assigned space and a carport. And when you're ready to venture beyond your front door, the community delivers with resort-style pools, tennis and basketball courts, and scenic walking trails all just steps away. The HOA covers water, sewer, trash, and grounds maintenance, keeping your to-do list blissfully short. As for location, Irvine Spectrum, top-rated schools, parks, hiking trails, and premier shopping are all within easy reach. Whether you're a first-time buyer or savvy investor, this one is FHA approved and move-in ready. Come see it before someone else does.
No exterior & parking available.
Grades K-6 • 3.5 mi
Grades 7-8 • 4.5 mi
Grades 9-12 • 0.6 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 | $524.5K | $610.0K | 30% |
| Price per sq ft | $573 | $600 | 36% |
| Built year | 1980 | 1983 | 26% |
| HOA | $553.0 | $465 | 84% |
| Days on market | 3 | 155 | 1% |
Apr 19, 2026
$524,500
Initial Listing
Nov 22, 1995
$61,500
Public Record
Jul 22, 1994
$76,000
Public Record
Feb 2, 1994
$56,500
Public Record