20702 El Toro, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath
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20702 El Toro
Lake Forest, California 92630
ACTIVE
CONDITION: GOOD
1Beds
1Baths
686Sq Ft
257,265Lot Size
Property Price
LIST PRICE$409,000
EST. MARKET VALUE
$413,334
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $409,000—positioned well below the $413,335 Fair Market Value by 1%. This valuation gap offers $4,335 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Granite Kitchen and Private Garage. Residents enjoy resort-style amenities like pools and spas, plus proximity to the 8-rated Trabuco Hills High School. This property is an ideal acquisition for first-time buyers or owner-occupants seeking a low-maintenance lifestyle in Lake Forest.
Estimated Market Value
$413,334
Based on Realkey algorithm analyzing recent comparable sales in Lake Forest.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro Subject | $409,000* List Price | 1 | 1 | 686 | $603 | - |
A 20702 El Toro Road 325 Sold | $435,000 | 1 | 1 | 686 | $634 | 0.0 mi |
B 20702 El Toro 390 Sold | $417,000 | 1 | 1 | 686 | $608 | 0.1 mi |
C 20702 El Toro Road 243 Sold | $425,000 | 1 | 1 | 560 | $759 | 0.2 mi |
D 20702 El Toro Road 94 Sold | $415,000 | 1 | 1 | 686 | $605 | 0.3 mi |
E 20702 El Toro 82 Sold | $504,000 | 2 | 2 | 916 | $550 | 0.3 mi |
F 20702 El Toro Sold | $497,500 | 2 | 2 | 916 | $543 | 0.3 mi |
G 20702 El Toro Road 393 Active | $409,000 List Price | 1 | 1 | 686 | $596 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property has been renovated within the last 5-15 years, featuring updated wood-look flooring, granite countertops, and painted cabinetry. While the white appliances and wall-mounted HVAC unit are not brand new, the home is well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Entry-Level Affordability
Priced competitively at $409,000 and featuring FHA approval, this condo represents a rare and accessible entry point into the Orange County real estate market.
- Enhanced Parking & Laundry
Unlike many one-bedroom units, this property includes both a private enclosed garage and an additional parking space, along with the convenience of in-unit full-size laundry.
- Resort-Style Amenities
The Pheasant Creek community offers a high-quality living environment with lush landscaping, tranquil streams, multiple pools, spas, and tennis courts.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =257265, other record lot size in square feet = 8404.
- High HOA Expenditures
The monthly association fee of $505.54 is relatively high for a 686-square-foot unit, which may impact the overall monthly affordability for budget-conscious buyers.
- Limited Interior Scale
At under 700 square feet, the compact footprint may be a constraint for buyers seeking a home office space or significant storage options.
About 20702 El Toro
Deal Fell Out – Their Loss, Your Gain! Welcome to this beautifully updated lower level 1 bedroom, 1 bath condo with Garage located in the highly sought-after Pheasant Creek community of Lake Forest. Offering 686 sq. ft. of comfortable living space, that blends affordability, style, and resort-style amenities in a peaceful natural setting. Step inside to an open-concept floor plan that seamlessly connects the living and dining areas, creating a bright and inviting atmosphere. The spacious bedroom includes a walk-in closet, while the upgraded bathroom showcases stylish finishes and quality fixtures. Enjoy your own private front patio surrounded by lush landscaping and the tranquil sounds of streams flowing throughout the community. Residents of Pheasant Creek enjoy exceptional amenities including multiple pools and spas, tennis courts, and scenic walking paths. The home also includes a full-size washer and dryer, enclosed garage, and one additional parking space. HOA dues cover water, trash, and exterior maintenance, making for an easy, low-maintenance lifestyle.This FHA-approved community is conveniently located near parks, shopping, dining, and offers easy access to major freeways and toll roads.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- 257,265 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $505.54 / Month
Neighborhood Insights
Lake Forest Unified Schools
Montevideo Elementary School
Grades K-6 • 3.5 mi
7/10
La Paz Intermediate School
Grades 7-8 • 4.5 mi
7/10
Trabuco Hills High School
Grades 9-12 • 0.6 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.1 |
| Baths | 1.0 | 2.0 |
| Square foot | 686 | 1,109.86 |
| Lot Size | 257,265 | 165,856.581 |
| Price | $409.0K | $663.6K |
| Price per sq ft | $596 | $603 |
| Built year | 1983 | 1987 |
| HOA | $505.54 | $485 |
| Days on market | 26 | 54 |
Pricing History
Listed for Sale
Aug 14, 2026
$409,000
Initial Listing
Sold
Nov 22, 1995
$61,500
Public Record
Sold
Jul 22, 1994
$76,000
Public Record
Sold
Feb 2, 1994
$56,500
Public Record