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: FAIR
1Beds
1Baths
686Sq Ft
344,910Lot Size
Property Price
LIST PRICE$380,000
EST. MARKET VALUE
$366,563
3% AboveMARKET VALUE
SUMMARY
This 1-Bedroom Condominium represents a Strong Value Opportunity, listed at $380,000—positioned above the $366,564 Fair Market Value by 3%. While the property requires minor aesthetic updates, its Fair Condition Rating and location within the Saddleback Valley Unified School District—home to the 8/10 rated Trabuco Hills High School—provide long-term stability. Residents enjoy community amenities including pools, spas, and scenic pond views. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a tranquil, well-connected retreat in Lake Forest.
Estimated Market Value
$366,563
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 1 bd · 1 ba · 686 sqft · $534 | $380,000* List Price | 1 | 1 | 686 | $534 | - |
A 20702 El Toro Rd 317 Sold 1 bd · 1 ba · 710 sqft · $581 · 0.1 mi | $412,500 | 1 | 1 | 710 | $581 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1982, this property is over 40 years old. While it is move-in ready with some updates like laminate flooring and stainless steel appliances, the kitchen features dated white cabinets with original hardware and an older fluorescent light box. The presence of popcorn ceilings and the age of the structure place it in the fair category, as it would benefit from minor aesthetic and system updates.
PROSSTRENGTHS & OPPORTUNITIES
- Serene Community Atmosphere
Located in the Pheasant Creek community, the property offers a tranquil environment with winding streams, mature landscaping, and scenic pond views that create a retreat-like feel.
- Excellent School District
The condo is served by the Saddleback Valley Unified School District, specifically Trabuco Hills High School which boasts a high rating of 8/10, adding significant long-term value.
- Prime Accessibility
The location provides convenient access to the 241 Toll Road and is within close proximity to local parks, trails, and major shopping centers, ensuring a highly connected lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- High Association Fees
The monthly HOA fee of $505 is relatively high for a one-bedroom unit, which may deter buyers sensitive to monthly carrying costs and impact overall affordability.
- Limited Square Footage
At just 686 square feet, the compact one-bedroom layout may limit the property's appeal to single occupants or couples, offering little flexibility for a home office or guest space.
About 20702 El Toro
Welcome to your own little retreat in Lake Forest! Nestled in the charming Pheasant Creek community, this upper-level, 1-bedroom, 1-bath condo offers 686 square feet of inviting living space. Enjoy your morning coffee on the private balcony, unwind after a busy day, and make yourself at home. Pheasant Creek’s winding streams, mature trees, and landscaped grounds bring a refreshing touch of nature to everyday living. Community pools and spas make it easy to enjoy some downtime, while nearby shopping, dining, parks, and trails offer plenty of ways to spend your weekends. Convenient access to the 241 Toll Road keeps you connected to everything beyond the neighborhood. Come explore the possibilities and picture your next chapter here!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 344,910 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $505.0 / 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 | 1,096.746 |
| Lot Size | 344,910 | 185,385.508 |
| Price | $380.0K | $649.6K |
| Price per sq ft | $554 | $596 |
| Built year | 1982 | 1986 |
| HOA | $505.0 | $502 |
| Days on market | 23 | 57 |
Pricing History
Listed for Sale
Oct 2, 2026
$380,000
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