
Lake Forest, California 92630
This Turnkey Move-In Ready Condo is a Strong Value Opportunity, listed at $515,000—positioned well below the $525,000 Fair Market Value by 2%. This valuation gap offers $10,000 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home boasts a remodeled kitchen, wood flooring, and central HVAC. Located in the Saddleback Valley Unified School District, this property offers a premium lifestyle with access to a pool, spa, and city light views, making it ideal for first-time buyers or investors seeking a turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22198 Cedar Pointe 1f Subject | $499,000* List Price | 2 | 1 | 957 | $549 | - |
A 21981 Rimhurst Dr # P-160 P-160 Sold | $505,000 | 2 | 1 | 829 | $609 | 0.2 mi |
B 25712 Le Parc Sold | $630,000 | 3 | 2 | 1,123 | $561 | 0.1 mi |
C 25712 Le Parc 7 Sold | $570,000 | 2 | 2 | 996 | $572 | 0.1 mi |
D 21931 Rimhurst 124k Sold | $549,000 | 2 | 1 | 829 | $662 | 0.3 mi |
E 23266 Orange #8 Sold | $440,000 | 3 | 2 | 1,132 | $389 | 0.4 mi |
F 25594 Mont Pointe 4a Active | $565,000 List Price | 2 | 2 | 957 | $590 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a recently remodeled, move-in ready condo featuring a modern kitchen with stone countertops and tile backsplash, updated bathroom, new wood flooring, and fresh interior paint. Despite the 1982 build date, the interior reflects a high-quality renovation within the last 5 years, including central HVAC systems in good working order.
This move-in ready home features extensive modern upgrades including wood flooring, fresh interior paint, and a fully remodeled kitchen, complete with all appliances for a seamless transition.
Ideally situated near the Irvine Spectrum and major freeways, the property is located within the highly-regarded Saddleback Valley Unified School District with school ratings up to 7/10.
The unit offers premium functional features often missing in older condos, including central air conditioning and heating, a cozy fireplace, and a private outdoor living space.
The association fee of $510 per month is relatively high for a two-bedroom unit, which may impact overall affordability and the buyer's debt-to-income ratio.
With two bedrooms but only one bathroom, the layout may be a drawback for small families or roommates compared to more common two-bath configurations in the area.
Welcome to 22198 Cedar Pointe #1F, a beautifully remodeled upper-level condo located in the desirable Cedar Pointe community of Lake Forest! This move-in ready home offers a wonderful combination of modern upgrades, comfort, and convenience in a fantastic location. Step inside and enjoy a bright and inviting floor plan featuring beautiful wood flooring throughout, fresh interior paint, and updated finishes that create a warm and modern feel. The spacious living area is perfect for relaxing or entertaining and features a cozy fireplace that adds charm and character to the home. The remodeled kitchen offers a clean, updated design with modern features and includes the refrigerator for added convenience. The home also includes a washer and dryer, making this property truly move-in ready. This well-designed floor plan offers two comfortable bedrooms, an updated bathroom, central air conditioning and heating, and a private outdoor space to enjoy the peaceful Cedar Pointe community. Residents enjoy excellent community amenities including a sparkling pool, spa, beautifully landscaped greenbelts, and well-maintained common areas. The HOA provides a low-maintenance lifestyle while maintaining the community's attractive surroundings. Ideally located near shopping, restaurants, parks, entertainment, major freeways, toll roads, and the Irvine Spectrum area. Located within the highly regarded Saddleback Valley Unified School District, this remodeled Lake Forest condo is a fantastic opportunity for first-time buyers, downsizers, or investors looking for a turnkey home in a desirable community.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 1.0 | 2.0 |
| Square foot | 957 | 1,109.86 |
| Lot Size | 174,115 | 165,856.581 |
| Price | $499.0K | $663.6K |
| Price per sq ft | $521 | $603 |
| Built year | 1982 | 1987 |
| HOA | $510.0 | $485 |
| Days on market | 34 | 54 |
Aug 20, 2026
$499,000
$515,000
-3% Price Drop
Initial Listing
Aug 8, 2026
$515,000
Initial Listing
Aug 6, 2026
$525,000
Initial Listing
Mar 4, 1999
$117,000
Public Record