2311 Watermarke, Irvine, California 92612, Irvine, 92612 - 1 bed, 1 bath
2311 Watermarke
Irvine, California 92612
Property Price
SUMMARY
Analysis of 2311 Watermarke, Irvine, California 92612 is currently available with a list price of $565,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2003, this 22-year-old property falls into the 'fair' category as it exceeds the 20-year age threshold for 'good' without a recent comprehensive renovation. While the unit appears well-maintained and move-in ready within a luxury amenity-rich complex, the kitchen and bathroom features likely reflect original builder-grade finishes from the early 2000s, which are now considered outdated by current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
The Watermarke community offers an extensive luxury amenity package, including a 24-hour fitness center, three swimming pools, tennis courts, a movie theater, and concierge services, providing a high-end lifestyle experience.
- Prime Strategic Location
Perfectly situated on the Newport Beach and Irvine border, this property offers unparalleled access to UCI, John Wayne Airport, and major transit corridors like the 405 and 73, making it highly desirable for professionals and students.
- Proximity to Coastal Lifestyle
Residents are just minutes away from world-class shopping at Fashion Island and the iconic beaches of Corona Del Mar, offering a unique blend of urban convenience and coastal serenity.
CONSRISKS & DEFICIENCIES
- School District Ratings
The property is located within the Santa Ana Unified School District, which currently holds lower academic ratings compared to the neighboring Irvine Unified School District, potentially impacting long-term family appeal.
- Limited Square Footage and Parking
At 648 square feet with only one assigned parking space, the unit offers a compact living environment that may be restrictive for couples with multiple vehicles or those requiring more storage space.
About 2311 Watermarke
THE BEST OF TWO WORLDS: This condo is located on the border of Newport Beach and Irvine. Imagine living the coastal resort life, with world-famous Corona Del Mar beaches and the Newport Beach Pier just minutes away. Indulge in world-class dining and shopping at Fashion Island, enjoy quick access to John Wayne Airport, and effortlessly connect to major freeways like the 405, 73, 55, and PCH. Designed for convenience, this single-level, thirdt-floor condo offers one assigned parking spaces within a secure, gated community. Walk or bike to University of California Irvine, The new UCI Hospital and San Joaquin Wildlife Sanctuary and The Sage Audubon Society. Ammenities are endless; Luxury clubhouse with a movie theater, library, business center, and game rooms. It also includes a 24-hour fitness center, three pools, a main pool heated year-round, poolside cabanas, two small pools, covered basketball court, children's playground, three tennis courts and Concierge service. This is your chance to experience the perfect blend of coastal serenity and urban convenience. Don’t miss out on this rare opportunity.
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
- $523.0 / Month
Neighborhood Insights
Irvine Unified Schools
Monroe Elementary School
Grades K-5 • 3.4 mi
Mcfadden Intermediate School
Grades 6-8 • 4.1 mi
Century High School
Grades 9-12 • 4.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 28% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 648 | 1,441 | 8% |
| Lot Size | 473,967 | 41,727 | 85% |
| Price | $565.0K | $970.0K | 9% |
| Price per sq ft | $872 | $747 | 85% |
| Built year | 2003 | 2003 | 50% |
| HOA | $523.0 | $588 | 29% |
| Days on market | 129 | 169 | 31% |
Pricing History
Listed for Sale
Feb 10, 2026
$565,000
$588,600
-4% Price Drop
Initial Listing
Price Change
Jan 5, 2026
$588,600
$598,900
-2% Price Drop
Initial Listing
Price Change
Oct 29, 2025
$598,900
Initial Listing