
Irvine, California 92612
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $550,000—positioned slightly above the $536,915 Fair Market Value. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring recent upgrades like a new dishwasher and water heater. Residents benefit from resort-style amenities, including three pools and a 24-hour concierge. Located minutes from UCI and major transit hubs, this residence is an ideal choice for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, lifestyle-focused home in Irvine.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2120 Watermarke Subject 1 bd · 1 ba · 648 sqft · $833 | $550,000* List Price | 1 | 1 | 648 | $833 | - |
A 1130 Scholarship Sold 1 bd · 1 ba · 734 sqft · $736 · 0.2 mi | $540,000 | 1 | 1 | 734 | $736 | 0.2 mi |
B 2219 Scholarship Sold 1 bd · 1 ba · 610 sqft · $877 · 0.1 mi | $535,000 | 1 | 1 | 610 | $877 | 0.1 mi |
C 2202 Watermarke Sold 1 bd · 1 ba · 746 sqft · $798 · 0.0 mi | $595,000 | 1 | 1 | 746 | $798 | 0.0 mi |
D 3458 Watermarke Sold 1 bd · 1 ba · 868 sqft · $726 · 0.0 mi | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
E 1327 Scholarship Sold 1 bd · 1 ba · 734 sqft · $749 · 0.2 mi | $550,000 | 1 | 1 | 734 | $749 | 0.2 mi |
F 3451 Watermarke Place Sold 1 bd · 1 ba · 868 sqft · $778 · 0.0 mi | $675,000 | 1 | 1 | 868 | $778 | 0.0 mi |
G 2448 Scholarship Sold 1 bd · 1 ba · 895 sqft · $749 · 0.1 mi | $670,000 | 1 | 1 | 895 | $749 | 0.1 mi |
H 3131 Watermarke Sold 1 bd · 1 ba · 648 sqft · $818 | $530,000 | 1 | 1 | 648 | $818 | - |
I 3202 Watermarke Active 1 bd · 1 ba · 746 sqft · $737 · 0.0 mi | $550,000 List Price | 1 | 1 | 746 | $737 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2003 (23 years old), the property exceeds the age for 'Excellent' but is well-maintained and move-in ready. Recent updates include refaced kitchen cabinetry, a brand-new dishwasher, new water heater, and new laundry appliances. The interior features modern flooring and neutral paint, elevating it above the 'Fair' category.
The Watermarke community offers an extensive suite of luxury facilities, including a 24-hour concierge, three pools, a fitness center, and sports courts, providing a high-end lifestyle rarely found at this price point.
Ideally situated near UCI, Newport Beach, and John Wayne Airport, this property offers exceptional convenience for professionals, students, and frequent travelers within the heart of Orange County.
The residence features significant recent improvements, including a brand-new water heater, dishwasher, and full-size washer/dryer, ensuring immediate move-in readiness and reduced maintenance concerns.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =473967, other record lot size in square feet = 514168.
The association fee of $615.32 is relatively high for a 648-square-foot one-bedroom unit, which may impact the overall monthly carrying costs and affordability for some buyers.
With only 648 square feet of living space and no designated view, the unit may feel compact and lacks the visual expansiveness often desired in luxury condominium living.
VA 3.25% ASSUMABLE LOAN! Welcome to effortless resort-style living at Watermarke, one of Irvine’s premier gated condominium communities. This ground-level 1-bedroom, 1-bath residence offers 648 square feet of thoughtfully designed living space paired with an impressive collection of luxury amenities—all in a location that keeps the best of Orange County within easy reach. Inside, you’ll find a comfortable open layout, spacious bedroom with walk-in closet, central HVAC, and an updated kitchen featuring recently refaced cabinetry and a brand-new dishwasher. Additional upgrades include a brand-new water heater and new full-size stackable washer and dryer for the convenience of in-unit laundry. The home also includes an assigned parking space in a secure gated parking structure just steps from the residence. Step outside and Watermarke feels more like a private resort than a condominium community. Residents enjoy 24-hour concierge service, three pools, four spas, poolside cabanas, a fitness and wellness center, tennis courts, covered basketball court, clubhouse, movie theater, library, business center, game rooms, fireside lounge, playground, beautifully landscaped courtyards and greenbelts, and Hub by Amazon services. Enjoy morning or evening walks through the community's lush greenbelts, relax poolside, get in a workout without leaving home, or head out for dinner with restaurants and everyday conveniences nearby. UCI, Newport Beach and John Wayne Airport are all just minutes away, making this an exceptional home base for work, play, travel, or simply enjoying the Orange County lifestyle. Luxury amenities, secure gated living, and an incredibly convenient Irvine location—2120 Watermarke Place makes everyday living feel like a getaway.
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 | 1.0 | 2.7 |
| Baths | 1.0 | 3.0 |
| Square foot | 648 | 1,685.105 |
| Lot Size | 473,967 | 42,358.594 |
| Price | $550.0K | $1.21M |
| Price per sq ft | $849 | $740 |
| Built year | 2003 | 2010 |
| HOA | $615.32 | $280 |
| Days on market | 39 | 61 |
Sep 16, 2026
$550,000
Initial Listing
Jun 3, 2021
$445,000
Public Record
Jul 10, 2019
$390,000
Public Record
May 22, 2012
$208,000
Public Record
May 17, 2006
$372,000
Public Record
Sep 15, 2005
$304,000
Public Record