20702 El Toro Road 231, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 2 bath
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Lake Forest, California 92630
This Ground-Level Condominium represents a Strong Value Opportunity, listed at $555,000—positioned well below the $530,493 Fair Market Value by -4%. Featuring a Condition Rating of 3, the unit offers a renovated Granite Kitchen and Stainless Steel Appliances. Residents benefit from HOA Amenities including a pool, spa, and tennis courts, alongside proximity to the 8/10 rated Trabuco Hills High School. This property balances functional living with community perks, making it an ideal acquisition for first-time buyers or downsizers seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro Road 231 Subject | $535,000* List Price | 2 | 2 | 916 | $573 | - |
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.
The property is well-maintained and move-in ready with a renovated kitchen featuring granite countertops and stainless steel appliances. While the Spanish tile flooring and wall AC unit are dated, the updated interior doors and crown molding indicate a partial renovation within the 5-15 year range.
This ground-floor unit offers easy entry and a private patio, making it an ideal choice for downsizers or buyers seeking a convenient, stair-free living environment.
The association fee covers essential utilities like water and trash, while providing residents access to premium community features including a pool, spa, and tennis courts.
The property includes two dedicated parking spaces (one carport) and comes equipped with an in-unit washer and dryer, offering significant functional value rare at this price point.
At approximately $554 per month, the association fees are relatively high, which may impact the overall monthly affordability and debt-to-income ratio for some buyers.
The property is noted as having no view, which may be a disadvantage for buyers prioritizing aesthetic exterior vistas or panoramic surroundings.
Welcome to charming Pheasant Creek El Toro Condo living in the heart of Lake Forest! This cozy and beautifully maintained ground-level condo offers 2 bedrooms and 2 bathrooms with warm Spanish-inspired character throughout. From the rich Spanish tile flooring to the thoughtfully designed Spanish accents, this home blends comfort and charm in every space. The inviting layout features a bright living area, a functional kitchen, and comfortable bedrooms designed for easy everyday living. Step outside to your own private patio — the perfect spot to enjoy morning coffee, unwind in the evening, or add a touch of outdoor greenery. A washer and dryer are included for added convenience, along with one designated carport parking space and an additional uncovered parking space. Residents of the desirable Pheasant Creek El Toro Condo community enjoy HOA amenities that include water and trash service, a sparkling community pool and spa, and tennis courts — offering a relaxed Southern California lifestyle right at home. Conveniently located near shopping, dining, parks, and commuter access, this adorable condo is perfect for first-time buyers, downsizers, or anyone looking for a wonderful place to call home.
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 | - | 167,298.5 | 29% |
| Price | $535.0K | $599.5K | 34% |
| Price per sq ft | $584 | $601 | 44% |
| Built year | 1980 | 1983 | 28% |
| HOA | $553.88 | $475 | 81% |
| Days on market | 18 | 138 | 5% |
Jun 4, 2026
$535,000
$555,000
-4% Price Drop
Initial Listing
May 29, 2026
$555,000
Initial Listing
Jul 11, 2022
$525,000
Public Record
May 1, 2009
$228,000
Public Record
Aug 6, 2008
$185,500
Public Record
Apr 28, 2006
$368,000
Public Record