
Irvine, California 92612
This Turnkey Condominium in the Watermarke community is a Strong Value Opportunity, listed at $689,000—positioned above the $654,319 Fair Market Value. While priced slightly above market, the property offers a Condition Rating of 3, featuring a Granite Kitchen and Hard-Surface Flooring. Residents enjoy a resort-style lifestyle with Pool, Spa, and Private Patio access. Despite the Santa Ana Unified school district ratings, the ground-level accessibility and proximity to Newport Beach make this an ideal residence for Owner-Occupants or first-time buyers seeking a move-in ready coastal home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2147 Watermarke Place Subject 1 bd · 1 ba · 868 sqft · $745 | $659,000* List Price | 1 | 1 | 868 | $745 | - |
A 3458 Watermarke Sold 1 bd · 1 ba · 868 sqft · $726 · 0.0 mi | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
B 3451 Watermarke Place Sold 1 bd · 1 ba · 868 sqft · $778 · 0.0 mi | $675,000 | 1 | 1 | 868 | $778 | 0.0 mi |
C 2448 Scholarship Sold 1 bd · 1 ba · 895 sqft · $749 · 0.1 mi | $670,000 | 1 | 1 | 895 | $749 | 0.1 mi |
D 1438 Scholarship Sold 1 bd · 1 ba · 895 sqft · $749 · 0.2 mi | $670,000 | 1 | 1 | 895 | $749 | 0.2 mi |
E 2202 Watermarke Sold 1 bd · 1 ba · 746 sqft · $798 · 0.0 mi | $595,000 | 1 | 1 | 746 | $798 | 0.0 mi |
F 1327 Scholarship Sold 1 bd · 1 ba · 734 sqft · $749 · 0.2 mi | $550,000 | 1 | 1 | 734 | $749 | 0.2 mi |
G 2320 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $718 · 0.1 mi | $745,000 | 2 | 2 | 1,038 | $718 | 0.1 mi |
H 2226 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $723 · 0.1 mi | $750,000 | 2 | 2 | 1,038 | $723 | 0.1 mi |
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 2005, the property falls within the 10-20 year age bracket. It is well-maintained and move-in ready, featuring a functional kitchen with granite countertops and stainless steel appliances, hard-surface flooring throughout, and a clean, updated bathroom vanity.
The residence features a desirable ground-floor location with an oversized private patio, providing seamless indoor-outdoor living and direct access to community pools without the need for elevators.
Located in the prestigious Watermarke community, residents benefit from high-end amenities including multiple swimming pools, a fitness center, and proximity to the San Joaquin Wildlife Sanctuary and Newport Beach.
At 868 square feet, this Dorchester floor plan is exceptionally large for a one-bedroom unit, featuring hard-surface flooring, a walk-in closet, and a dual-sink vanity.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =868, other record lot size in square feet = 514168.
The monthly HOA fee of $641.24 is relatively high for a one-bedroom property, which may impact the total monthly carrying costs and overall affordability for some buyers.
The property is served by the Santa Ana Unified School District, which currently has lower performance ratings (3-4/10) compared to the neighboring Irvine Unified School District.
Enjoy a desirable ground-level location and a peaceful, garden-like setting in this spacious Dorchester Residence at Watermarke. Offering approximately 868 square feet, this larger one-bedroom, one-bath floor plan combines an open, comfortable interior with one of the home's best features—a large private patio surrounded by mature landscaping and greenery. Hard-surface flooring extends throughout the residence, creating a clean and cohesive feel. The open living and dining areas connect easily with the kitchen, which features white cabinetry, granite countertops, stainless steel appliances, a breakfast bar and generous storage. The spacious bedroom includes a walk-in closet, while the bathroom offers a dual-sink vanity and tub/shower combination. What truly distinguishes this residence is its ground-level setting. Step outside to the oversized patio and enjoy convenient access to one of Watermarke's smaller community pools, surrounded by beautifully maintained landscaping. With no need to navigate upper-level corridors or elevators to enjoy the outdoors, the location offers an appealing connection between the home and the community grounds. Watermarke is a resort-style community ideally situated at the edge of Irvine, bordering the City of Newport Beach and adjacent to the San Joaquin Wildlife Sanctuary. Community amenities include multiple swimming pools and a fitness center, all within a beautifully landscaped setting convenient to the restaurants, shopping, employment centers and coastal lifestyle of Irvine and Newport Beach. A wonderful opportunity to enjoy a generously sized one-bedroom residence with the convenience of ground-level living and an unusually inviting outdoor setting. Furnished photos are virtually staged.
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 | 868 | 1,685.105 |
| Lot Size | 868 | 42,358.594 |
| Price | $659.0K | $1.21M |
| Price per sq ft | $759 | $740 |
| Built year | 2005 | 2010 |
| HOA | $641.24 | $280 |
| Days on market | 66 | 61 |
Oct 15, 2026
$659,000
$689,000
-4% Price Drop
Initial Listing
Aug 20, 2026
$689,000
Initial Listing
Jan 17, 2017
$410,000
Public Record
Apr 3, 2015
$403,000
Public Record
Oct 27, 2005
$437,000
Public Record