2238 Watermarke Place, Irvine, California 92612, Irvine, 92612 - 1 bed, 1 bath
Loading property details...
Irvine, California 92612
This Turnkey Condominium is a Strong Value Opportunity, listed at $548,000—positioned well below the $587,654 Fair Market Value by 6%. This valuation gap offers $39,654 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, the unit includes a modern kitchen with quartz countertops, a private balcony with greenbelt views, and resort-style amenities like pools and tennis courts. While the school district ratings are modest, the proximity to UCI and major employment hubs makes this an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2238 Watermarke Place Subject | $548,000* List Price | 1 | 1 | 746 | $788 | - |
A 2202 Watermarke Sold | $595,000 | 1 | 1 | 746 | $798 | 0.0 mi |
B 3458 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 1327 Scholarship Sold | $550,000 | 1 | 1 | 734 | $749 | 0.2 mi |
E 3261 Watermarke Sold | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
F 2114 Watermarke Sold | $549,000 | 1 | 1 | 648 | $847 | 0.0 mi |
G 1306 Scholarship Sold | $565,000 | 1 | 1 | 734 | $770 | 0.2 mi |
H 1438 Scholarship Sold | $670,000 | 1 | 1 | 895 | $749 | 0.2 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 new construction or fully renovated.
While the building was constructed in 2005, the unit presents in mint condition due to recent high-end renovations. The kitchen has been modernized with white shaker cabinetry and quartz countertops, and the property features updated systems including a 2022 water heater and Nest thermostat. With fresh interior paint and a move-in ready status, it meets the criteria for excellent condition.
The Watermarke community provides a premium lifestyle with access to high-end amenities including multiple pools, spas, a state-of-the-art fitness center, and tennis courts.
The unit is move-in ready with modern upgrades such as quartz countertops, stainless steel appliances, fresh interior paint, and a newer water heater installed in 2022.
Positioned in a high-demand area near UCI, John Wayne Airport, and South Coast Plaza, the property offers excellent convenience for professionals and strong potential for investors.
The association fee of $626.71 is relatively high for a one-bedroom residence, which may impact monthly affordability and overall investment yield.
The property is served by the Santa Ana Unified School District with school ratings between 3 and 4, which may be a deterrent for families compared to the neighboring Irvine Unified schools.
Welcome to resort-style living in the prestigious, all-inclusive community of Watermarke. This one-bedroom, one-bathroom residence offers the convenience of single-level living with no interior steps, and has been freshly painted throughout. The thoughtfully designed kitchen features timeless white shaker cabinetry, low-maintenance quartz countertops, and stainless steel appliances, opening seamlessly to the comfortable living area. Just beyond, a private balcony with a convenient storage closet provides the perfect space to enjoy your morning coffee or unwind at the end of the day. The spacious bedroom offers a large walk-in closet. The bathroom features an oversized vanity and additional storage. A dedicated interior laundry area within the home adds everyday convenience. Recent improvements include fresh interior paint, a newer water heater (2022), and a Nest thermostat, making this home move-in ready. Residents of Watermarke enjoy an impressive array of resort-style amenities including pools and spas, a state of the art gym, clubhouse and tennis courts. The HOA dues include water and trash service. One assigned, covered parking space within the secured parking structure also conveys with the home. Ideally located just minutes from the University of California, Irvine (UCI), John Wayne Airport, South Coast Plaza, renowned dining, and Orange County's world-famous beaches, this unit offers exceptional access to the very best of the area. Whether you're a first-time buyer, investor, or looking for a low-maintenance home in a prime Irvine location, this is an exceptional opportunity you won't want to miss.
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 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 746 | 1,772 |
| Lot Size | 473,967 | 46,724 |
| Price | $548.0K | $1.27M |
| Price per sq ft | $735 | $753 |
| Built year | 2005 | 2014 |
| HOA | $626.71 | $296 |
| Days on market | 2 | 60 |
Jul 20, 2026
$548,000
Initial Listing
Jun 11, 2014
$353,000
Public Record
Jul 29, 2008
$283,000
Public Record
Oct 11, 2005
$394,500
Public Record