2220 Watermarke Place, Irvine, California 92612, Irvine, 92612 - 1 bed, 1 bath
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Irvine, California 92612
This property presents a Strong Value Opportunity with a List Price of $549,000—positioned well below the $504,491 Fair Market Value by -8%. While the unit maintains a Fair Condition Rating due to dated finishes, it offers a resort-style lifestyle with access to three pools, four spas, and a 24-hour fitness center. Located in the prime Airport Area, this condo is an ideal Buy-and-Hold Investor asset or a starter home for first-time buyers seeking proximity to UC Irvine and major employment hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2220 Watermarke Place Subject | $549,000* List Price | 1 | 1 | 648 | $779 | - |
A 2114 Watermarke Sold | $549,000 | 1 | 1 | 648 | $847 | 0.0 mi |
B 3261 Watermarke Sold | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
C 3451 Watermarke Place Sold | $675,000 | 1 | 1 | 868 | $778 | 0.0 mi |
D 2379 Scholarship Sold | $555,000 | 1 | 1 | 610 | $910 | 0.1 mi |
E 1306 Scholarship Sold | $565,000 | 1 | 1 | 734 | $770 | 0.2 mi |
F 1106 Scholarship Sold | $530,000 | 1 | 1 | 734 | $722 | 0.2 mi |
G 3212 Watermarke Pl Active | $609,000 List Price | 1 | 1 | 648 | $940 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 23 years old, placing it in the 'Fair' category. While the listing mentions fresh paint and granite countertops, the interior images reveal significantly worn and stained carpeting throughout the living and bedroom areas. The kitchen and bathroom fixtures appear to be original to the 20-plus-year-old construction, making the unit functional but dated and in need of minor cosmetic updates.
The Watermarke community offers an elite lifestyle with an 8,000 sqft clubhouse, 24-hour fitness center, three pools, four spas, and concierge services, providing high value for residents seeking a luxury environment.
Situated in the highly desirable 'Airport Area,' the property boasts exceptional proximity to UC Irvine, John Wayne Airport, and premier shopping destinations like South Coast Plaza and Fashion Island.
The unit is move-in ready, featuring fresh two-tone interior paint, granite countertops, recessed lighting, and the convenience of an in-unit laundry closet with a stacked washer and dryer included.
The monthly HOA fee of $615.32 is relatively high for a 648-square-foot one-bedroom unit, which may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
While located in Irvine, the property is zoned for the Santa Ana Unified School District, which currently holds lower school ratings (3-4 range) compared to the highly-ranked Irvine Unified School District.
Fantastic purchase opportunity on this 1 bedroom, 1-bathroom unit in the coveted 'Watermarke" community. This gated, Mediterranean-inspired community offers resort-style amenities including an 8,000 sqft clubhouse, 24-hour fitness center, 3 pools (including a Jr. Olympic pool), 4 spas, tennis/sport courts, a concierge service and a movie room. Outstanding features of this unit include an assigned parking spaces (#235), fresh interior two tone painting, spacious living room, sunfilled dining area with a beautiful chandelier, bright kitchen with granite countertops, a private balcony, nicely sized bedroom with walk-in closet, full bathroom with white vanity, forced air heating and central air conditioning, inside laundry closet with stacked washer and dryer included, recessed lights and miniblinds throughout. Located in Irvine's most sought-after "Airport Area," it is close to UC Irvine, UC Irvine Medical Center, Orange County Airport, Fashion Island, South Coast Plaza, The District, popular restaurants and shopping on Michelson & Jamboree, golf courses, beaches and freeways. This unit is priced to sell. Don't miss out!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 24% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 648 | 1,447 | 4% |
| Lot Size | 473,967 | 49,632 | 89% |
| Price | $549.0K | $970.0K | 4% |
| Price per sq ft | $847 | $722 | 85% |
| Built year | 2003 | 2004 | 49% |
| HOA | $615.32 | $615 | 50% |
| Days on market | 24 | 166 | 4% |
May 13, 2026
$549,000
Initial Listing
Feb 24, 2012
$195,000
Public Record
Aug 26, 2005
$310,000
Public Record