
Lake Forest, California 92630
This Turnkey Condominium is a Strong Value Opportunity, listed at $599,900—positioned well below the $606,437 Fair Market Value by 1%. This valuation gap offers $6,537 in Instant Equity for the buyer. Featuring a remodeled kitchen with granite countertops and a dual-suite layout, the home maintains a Condition Rating of 3. Located in the Saddleback Valley Unified district near El Toro High, this property is an ideal choice for first-time buyers or investors seeking a low-maintenance, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22746 Malaga Way Subject | $599,900* List Price | 2 | 3 | 1,085 | $559 | - |
A 22828 Mesa Way 4 Sold | $480,000 | 2 | 1 | 981 | $489 | 0.1 mi |
B 22722 Malaga Sold | $505,000 | 2 | 1 | 873 | $578 | 0.0 mi |
C 25885 Trabuco Road 206 Sold | $599,000 | 2 | 2 | 1,190 | $503 | 0.7 mi |
D 25712 Le Parc 7 Sold | $570,000 | 2 | 2 | 996 | $572 | 0.8 mi |
E 25712 Le Parc 56 Sold | $635,000 | 3 | 2 | 1,123 | $565 | 0.8 mi |
F 22885 Taurus Sold | $770,000 | 3 | 3 | 1,377 | $559 | 0.2 mi |
G 21931 Rimhurst Sold | $625,000 | 3 | 2 | 1,075 | $581 | 0.9 mi |
H 25885 Trabuco Road 169 Sold | $585,000 | 2 | 2 | 1,190 | $492 | 0.6 mi |
I 22806 Malaga Active Under Contract | $635,000 List Price | 3 | 2 | 1,085 | $585 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1974, the property is move-in ready with a remodeled kitchen featuring granite countertops and stainless steel appliances, updated flooring, and modern bedroom suites. The interior finishes and well-maintained systems suggest a renovation within the 5-15 year range.
The home is move-in ready with a remodeled kitchen featuring granite countertops and stainless steel appliances, plus updated flooring and neutral finishes throughout.
The floor plan features two spacious upstairs bedrooms, each with its own private en-suite bathroom, providing excellent privacy for roommates, guests, or a home office.
Ideally situated directly across from the community pool and spa, the property also offers walking-distance access to El Toro High School and local shopping.
The monthly HOA fee of $562 is relatively high for a two-bedroom condo, which may impact the overall monthly affordability for some buyers.
With only a one-car garage provided, households with multiple vehicles may find the parking arrangements and additional storage space to be restrictive.
Move-in ready and thoughtfully updated, this well-maintained Lake Forest home offers a smart floor plan, private outdoor space, and an excellent location directly across from the community pool. Inside, the bright and spacious living room features updated flooring, neutral finishes, and plenty of natural light. The remodeled kitchen includes white cabinetry, granite countertops, stainless steel appliances, generous storage, and a large breakfast bar, with an adjoining dining area and direct access to the private patio—perfect for outdoor dining, entertaining, or relaxing. Upstairs are two generously sized bedroom suites, each with its own private bathroom, offering excellent flexibility for everyday living, guests, a home office, or shared living arrangements, while a convenient guest bathroom and separate inside laundry room are located downstairs. The home also includes a one-car garage for added parking and storage. The enclosed patio creates a wonderful extension of the living space, and the community features mature landscaping, greenbelts, a pool and spa, and a sport court, with the pool located just steps from the front door. Ideally situated near award-winning schools and just a short walk to El Toro High School, with shopping, dining, parks, and freeway access all nearby, this home offers an appealing combination of comfort, versatility, and convenience for a first-time buyer, investor, or anyone looking for a turnkey place to call home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,085 | 1,109.86 |
| Lot Size | - | 165,856.581 |
| Price | $599.9K | $663.6K |
| Price per sq ft | $553 | $603 |
| Built year | 1974 | 1987 |
| HOA | $562.0 | $485 |
| Days on market | 22 | 54 |
Aug 18, 2026
$599,900
Initial Listing
Aug 16, 1994
$120,000
Public Record