
Irvine, California 92612
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $795,000—positioned well below the $818,907 Fair Market Value by 2%. This valuation gap offers $23,907 in Instant Equity for the buyer. Featuring a Condition Rating of 2 (Mint), the home includes new Lassen Oak flooring and updated bathrooms. Residents enjoy resort-style amenities like a junior Olympic pool and fitness center. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready lifestyle in Irvine.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2105 Watermarke Subject 2 bd · 2 ba · 1,137 sqft · $720 | $795,000* List Price | 2 | 2 | 1,137 | $720 | - |
A 3400 Watermarke Sold 2 bd · 2 ba · 1,260 sqft · $631 · 0.0 mi | $795,000 | 2 | 2 | 1,260 | $631 | 0.0 mi |
B 2134 Scholarship Sold 2 bd · 2 ba · 1,052 sqft · $708 · 0.1 mi | $745,000 | 2 | 2 | 1,052 | $708 | 0.1 mi |
C 3102 Watermarke Sold 1 bd · 1 ba · 746 sqft · $791 · 0.0 mi | $590,000 | 1 | 1 | 746 | $791 | 0.0 mi |
D 2320 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $718 · 0.1 mi | $745,000 | 2 | 2 | 1,038 | $718 | 0.1 mi |
E 2226 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $723 · 0.1 mi | $750,000 | 2 | 2 | 1,038 | $723 | 0.1 mi |
F 2262 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $723 · 0.1 mi | $750,000 | 2 | 2 | 1,038 | $723 | 0.1 mi |
G 2322 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $694 · 0.1 mi | $720,000 | 2 | 2 | 1,038 | $694 | 0.1 mi |
H 3072 Scholarship Sold 2 bd · 2 ba · 1,375 sqft · $727 · 0.1 mi | $999,999 | 2 | 2 | 1,375 | $727 | 0.1 mi |
I 2408 Watermarke Place Active 2 bd · 2 ba · 1,260 sqft · $713 · 0.0 mi | $899,000 List Price | 2 | 2 | 1,260 | $713 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone recent renovations within the last 5 years, featuring new Lassen Oak flooring, fresh interior paint, and updated bathrooms. It is in mint condition and completely move-in ready with no maintenance required.
The residence features recent high-end upgrades including Lassen Oak flooring, fresh interior paint, and updated bathrooms, offering a turnkey, move-in-ready experience.
Located in the premier Watermarke community, residents enjoy extensive amenities such as a junior Olympic pool, fitness center, and multiple sports courts, enhancing lifestyle value.
The thoughtfully designed layout places bedrooms on opposite sides of the living area, providing maximum privacy for roommates, guests, or a home office setup.
The monthly HOA fee of $676.41 is relatively high, which significantly increases the recurring carrying costs and may impact overall affordability for some buyers.
Although the property is located in Irvine, it is served by the Santa Ana Unified School District rather than Irvine Unified, which can be a deterrent for education-focused buyers.
Welcome to Watermarke! This beautifully renovated, ground floor 2-bedroom, 2-bathroom residence offers a spacious, open concept floor plan designed for comfortable everyday living and entertaining. The thoughtfully designed layout features bedrooms on opposite sides of the home for added privacy, with a bright, inviting living area that flows seamlessly into the kitchen. The primary suite features an en-suite bathroom and a generous walk-in closet, while the spacious secondary bedroom offers flexibility for guests or a home office, complete with its own walk-in closet. Recent upgrades include new Lassen Oak flooring, fresh interior paint, and updated bathrooms, creating a clean, modern feel throughout. Residents of Watermarke enjoy an impressive collection of resort-style amenities, including a junior Olympic swimming pool, indoor and outdoor basketball courts, tennis courts, a fitness center, outdoor fireplaces, barbecue areas, and inviting social spaces. Ideally located in the heart of Irvine, this home offers convenient access to shopping, dining, John Wayne Airport, UC Irvine, and the 55 and 405 freeways. Enjoy the perfect blend of comfort, convenience, and resort-style living in the sought-after Watermarke community!
No exterior & parking available.
Grades K-5 • 3.4 mi
Grades 6-8 • 4.1 mi
Grades 9-12 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,137 | 1,685.105 |
| Lot Size | 473,967 | 42,358.594 |
| Price | $795.0K | $1.21M |
| Price per sq ft | $699 | $740 |
| Built year | 2003 | 2010 |
| HOA | $676.41 | $280 |
| Days on market | 24 | 61 |
Oct 1, 2026
$795,000
Initial Listing
Feb 10, 2011
$370,000
Public Record
Sep 21, 2010
$330,000
Public Record
Jun 14, 2006
$585,000
Public Record