2311 Watermarke, Irvine, California 92612, Irvine, 92612 - 1 bed, 1 bath
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2311 Watermarke
Irvine, California 92612
ACTIVE
CONDITION: GOOD
1Beds
1Baths
648Sq Ft
473,967Lot Size
Property Price
LIST PRICE$575,000
EST. MARKET VALUE
$548,773
4% AboveMARKET VALUE
SUMMARY
This Turnkey Executive Condo is a Strong Value Opportunity, listed at $575,000—positioned well above the $545,637 Fair Market Value by 5%. While priced slightly above market, the property maintains a Good Condition Rating with modern upgrades like butcher block countertops and stainless steel appliances. Residents enjoy a resort-style lifestyle with 24-hour concierge, pools, and tennis courts. Ideally located near UCI and major employment hubs, this unit is a perfect fit for Owner-Occupants seeking a low-maintenance lifestyle or first-time buyers prioritizing location and amenities.
Estimated Market Value
$548,773
Based on Realkey algorithm analyzing recent comparable sales in Irvine.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2311 Watermarke Subject 1 bd · 1 ba · 648 sqft · $847 | $575,000* List Price | 1 | 1 | 648 | $847 | - |
A 2219 Scholarship Sold 1 bd · 1 ba · 610 sqft · $877 · 0.1 mi | $535,000 | 1 | 1 | 610 | $877 | 0.1 mi |
B 2202 Watermarke Sold 1 bd · 1 ba · 746 sqft · $798 · 0.0 mi | $595,000 | 1 | 1 | 746 | $798 | 0.0 mi |
C 3458 Watermarke Sold 1 bd · 1 ba · 868 sqft · $726 · 0.0 mi | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
D 1327 Scholarship Sold 1 bd · 1 ba · 734 sqft · $749 · 0.2 mi | $550,000 | 1 | 1 | 734 | $749 | 0.2 mi |
E 3261 Watermarke Sold 1 bd · 1 ba · 868 sqft · $726 · 0.0 mi | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
F 3451 Watermarke Place Sold 1 bd · 1 ba · 868 sqft · $778 · 0.0 mi | $675,000 | 1 | 1 | 868 | $778 | 0.0 mi |
G 2448 Scholarship Sold 1 bd · 1 ba · 895 sqft · $749 · 0.1 mi | $670,000 | 1 | 1 | 895 | $749 | 0.1 mi |
H 1130 Scholarship Sold 1 bd · 1 ba · 734 sqft · $736 · 0.2 mi | $540,000 | 1 | 1 | 734 | $736 | 0.2 mi |
I 3202 Watermarke Active 1 bd · 1 ba · 746 sqft · $737 · 0.0 mi | $550,000 List Price | 1 | 1 | 746 | $737 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2003 (21 years old), the property falls into the 'Good' category due to significant updates and maintenance. The kitchen has been renovated within the last 5-15 years with painted cabinetry, butcher block countertops, and stainless steel appliances. The unit is freshly painted, features functional central HVAC, and is in move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
The Watermarke community offers an extensive luxury amenity package, including a 24-hour concierge, three pools, four spas, a movie theater, and sports courts, providing a high-end lifestyle experience.
- Prime Irvine Location
Ideally situated near UCI, John Wayne Airport, and premier shopping hubs like Fashion Island and South Coast Plaza, making it highly attractive for professionals and students.
- Move-In Ready Condition
The unit is freshly painted and features modern upgrades such as wood countertops, stainless steel appliances, and the convenience of in-unit laundry and central HVAC.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =473967, other record lot size in square feet = 514168.
- High Association Fees
The monthly HOA fee of $615 is relatively high for a one-bedroom unit, which may impact the overall affordability and monthly carrying costs for potential buyers.
- School District Ratings
The property is zoned for the Santa Ana Unified School District with lower-rated schools (ratings 3-4), which may be a drawback for families or future resale value compared to other Irvine areas.
About 2311 Watermarke
Welcome to 2311 Watermarke! This beautiful 1-bedroom, 1-bathroom one story, freshly painted executive condo offers bright, open-concept living in one of Irvine’s premier resort-style gated communities. Enjoy abundant natural light, spacious living and dining areas, and a private balcony overlooking the tranquil community. Kitchen features wood countertops, custom cabinetry, tile backsplash, stainless steel appliances, and ample storage. Additional features include in-unit laundry with full-size stackable washer/dryer, central HVAC, quality finishes, and assigned parking in a secure structure just steps from the unit. Watermarke amenities include 24-hour concierge, fitness center, three pools, four spas, tennis courts, covered basketball court, playground, clubhouse, movie theater, library, business center, game rooms, fireside lounge, landscaped courtyards, secure gated parking, and Hub by Amazon services. Conveniently located near UCI, UCI Medical Center, John Wayne Airport, District , Fashion Island, South Coast Plaza, beaches, dining, entertainment, golf, major freeways. Come experience resort-style living at its fines.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- 473,967 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $615.0 / Month
Neighborhood Insights
Irvine Unified Schools
Monroe Elementary School
Grades K-5 • 3.4 mi
4/10
Mcfadden Intermediate School
Grades 6-8 • 4.1 mi
3/10
Century High School
Grades 9-12 • 4.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.7 |
| Baths | 1.0 | 3.0 |
| Square foot | 648 | 1,685.105 |
| Lot Size | 473,967 | 42,358.594 |
| Price | $575.0K | $1.21M |
| Price per sq ft | $887 | $740 |
| Built year | 2003 | 2010 |
| HOA | $615.0 | $280 |
| Days on market | 46 | 61 |
Pricing History
Listed for Sale
Sep 9, 2026
$575,000
Initial Listing
Sold
Mar 26, 2020
$390,000
Public Record
Sold
Jan 29, 2015
$295,000
Public Record
Sold
Jul 29, 2005
$316,000
Public Record