20702 El Toro Road 178, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 2 bath
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Lake Forest, California 92630
This Turnkey Condominium is a Strong Value Opportunity, listed at $569,000—positioned above the $534,693 Fair Market Value. While priced slightly above the estimation, the property maintains a Good Condition Rating with recent upgrades like luxury vinyl plank flooring and rare central HVAC. Located in the Saddleback Valley Unified school district, this top-floor end unit offers a tranquil lifestyle with resort-style amenities, including pools and scenic trails. This is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or first-time buyers prioritizing location and comfort.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro Road 178 Subject | $569,000* List Price | 2 | 2 | 916 | $584 | - |
A 20702 El Toro 82 Sold | $504,000 | 2 | 2 | 916 | $550 | 0.1 mi |
B 20702 El Toro Sold | $497,500 | 2 | 2 | 916 | $543 | 0.1 mi |
C 20702 El Toro 16 Sold | $505,000 | 2 | 2 | 950 | $532 | 0.1 mi |
D 20702 El Toro 290 Sold | $574,000 | 2 | 2 | 916 | $627 | - |
E 20702 El Toro Active | $514,500 List Price | 2 | 2 | 916 | $562 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1980, the interior has undergone significant recent renovations including luxury vinyl plank flooring, recessed lighting, and updated kitchen cabinetry with stone countertops. The unit is move-in ready with updated ensuite bathrooms and the rare addition of a central HVAC system, placing it well within the 5-15 year renovation window for a 'Good' rating.
The inclusion of Central Air is a standout feature and a rarity within the Pheasant Creek complex, providing a significant competitive advantage and year-round comfort.
As a top-floor end unit with vaulted ceilings and dual ensuite bedrooms, the property offers enhanced privacy, superior natural light, and a more spacious architectural feel.
The association offers a tranquil, parklike setting with streams and ponds, plus extensive recreational facilities including pools, tennis courts, and proximity to scenic trails.
The monthly HOA fee of $553.88 is relatively high for the unit size, which could impact the overall affordability and monthly carrying costs for potential buyers.
At 916 square feet, the living space is somewhat limited for a two-bedroom configuration, which may be a drawback for those seeking more expansive common areas.
Welcome to Pheasant Creek, a unique parklike association known for its tranquil streams, large pond, beautiful trees and closeness to scenic walking trails such as the Aliso Creek Trail just across from the property. In addition there are multiple pools and spa as well as tennis and basketball courts. This top-floor end unit has a wonderful feel with its smart decor and function. Upon entering the home you immediately notice the vaulted ceilings and the natural warmth that comes from the recessed lighting, the smoothly painted interior and the beautiful luxury vinyl plank floors. Both bedrooms have ensuite bathrooms as well as smartly designed built in closets. There is also Central Air which is a rare feature for this complex. Off the living room is a recently renovated balcony which also has the laundry room closet with recently added built-in shelves. An additional feature is the water purifying system under the kitchen sink. Parking is easy with a single detached garage and assigned parking place. This is a great value for this ideal location of Lake Forest, within the Saddleback Valley Unified school district and close to the toll road, Saddleback Church, Parks, and much more.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 916 | 1,104.5 | 42% |
| Lot Size | 362,186 | 167,937 | 92% |
| Price | $569.0K | $599.5K | 40% |
| Price per sq ft | $621 | $604 | 56% |
| Built year | 1980 | 1983 | 28% |
| HOA | $553.88 | $475 | 81% |
| Days on market | 19 | 136 | 5% |
May 26, 2026
$569,000
Initial Listing
Aug 25, 2023
$541,000
Public Record
Dec 18, 2013
$290,000
Public Record
Mar 1, 2012
$175,000
Public Record