
Irvine, California 92612
This Spacious Dorchester Residence is a Strong Value Opportunity, listed at $689,000—positioned well below the $657,633 Fair Market Value by -4%. While the list price is slightly above market, the property maintains a Good Condition Rating with modern stainless steel appliances and hard-surface flooring. The ground-level setting provides a rare, oversized private patio with direct pool access, offering a resort-style lifestyle. This home is an ideal acquisition for Owner-Occupants seeking a turnkey Irvine residence or first-time buyers prioritizing community amenities and outdoor living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2147 Watermarke Place Subject | $689,000* List Price | 1 | 1 | 868 | $758 | - |
A 3458 Watermarke Sold | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
B 3451 Watermarke Place Sold | $675,000 | 1 | 1 | 868 | $778 | 0.0 mi |
C 3261 Watermarke Sold | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
D 1438 Scholarship Sold | $670,000 | 1 | 1 | 895 | $749 | 0.2 mi |
E 2202 Watermarke Sold | $595,000 | 1 | 1 | 746 | $798 | 0.0 mi |
F 1327 Scholarship Sold | $550,000 | 1 | 1 | 734 | $749 | 0.2 mi |
G 2114 Watermarke Sold | $549,000 | 1 | 1 | 648 | $847 | 0.0 mi |
H 2262 Scholarship Sold | $750,000 | 2 | 2 | 1,038 | $723 | 0.1 mi |
I 3202 Watermarke Active | $575,000 List Price | 1 | 1 | 746 | $771 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005 (21 years old), the property falls into the 'Good' category due to being well-maintained and move-in ready. It features updated hard-surface flooring throughout, modern stainless steel appliances, and refreshed white cabinetry, indicating a renovation or significant update within the last 5-15 years.
The residence features a rare, oversized private patio with direct access to community grounds and pools, eliminating the need for elevators or long corridors.
At 868 square feet, this Dorchester floor plan offers a generous living space featuring hard-surface flooring, granite countertops, and a dual-sink vanity.
Located in the prestigious Watermarke community, residents have access to multiple swimming pools, a fitness center, and proximity to the San Joaquin Wildlife Sanctuary.
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 represents a significant recurring expense that may impact the overall affordability for a one-bedroom property.
The property is zoned for the Santa Ana Unified School District, which currently holds lower performance ratings compared to the neighboring Irvine Unified schools.
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 | 1,652.392 |
| Lot Size | 868 | 42,663.332 |
| Price | $689.0K | $1.21M |
| Price per sq ft | $794 | $746 |
| Built year | 2005 | 2010 |
| HOA | $641.24 | $278 |
| Days on market | 20 | 57 |
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