23266 Orange #8, Lake Forest, California 92630, Lake Forest, 92630 - 3 bed, 2 bath
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Lake Forest, California 92630
This Renovated Three-Bedroom Condominium is a Prime Investment Opportunity listed at $559,000—positioned well below the $621,428 Fair Market Value by 10%. This valuation gap provides $62,428 in Instant Equity for incoming owners. Boasting an Excellent Condition Rating, the interior features a modern kitchen with white shaker cabinetry, stone countertops, and new laminate flooring throughout. Located in the Saddleback Valley Unified district with access to community pools and a private patio, this turnkey residence balances financial upside with a premium lifestyle. It is an ideal match for first-time buyers or Owner-Occupants seeking a move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23266 Orange #8 Subject | $559,000* List Price | 3 | 2 | 1,132 | $549 | - |
A 25885 Trabuco Road 306 Sold | $560,000 | 2 | 2 | 1,190 | $471 | 0.7 mi |
B 22718 Via Castilla Sold | $625,000 | 3 | 2 | 1,037 | $603 | 0.9 mi |
C 25712 Le Parc Active | $699,900 List Price | 3 | 2 | 1,123 | $623 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the interior has undergone an extensive recent renovation. The kitchen features modern white shaker-style cabinetry, stone countertops, recessed lighting, and stainless steel appliances. The bathrooms have been updated with contemporary vanities, mirrors, and fixtures. With new laminate flooring, fresh paint, and updated baseboards throughout, the property is in move-in ready condition with no visible deferred maintenance.
The property is ideally situated with close proximity to both the 5 and 405 freeways, offering excellent accessibility for professionals commuting across Orange County.
Located within the Aliso Creek Villas, residents have access to desirable association features including multiple swimming pools and play areas, enhancing the overall lifestyle value.
At a list price of $559,000 for a three-bedroom unit, this property represents a strong value proposition for first-time homebuyers or investors looking to enter the Lake Forest market.
The $637 monthly HOA fee is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
The property is noted as having no specific view, which may be a disadvantage for buyers seeking aesthetic appeal or a sense of openness from their living environment.
3 bedroom, 2 bathroom condo in great area of lake forest. close to 5 and 405 freeways. nice community amenities, ppols, play areas
No exterior & parking available.
Grades 7-8 • 0.5 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,132 | 1,037 | 53% |
| Lot Size | 870,887 | 167,937 | 96% |
| Price | $559.0K | $610.0K | 38% |
| Price per sq ft | $494 | $600 | 10% |
| Built year | 1980 | 1983 | 26% |
| HOA | $637.0 | $465 | 90% |
| Days on market | 51 | 155 | 5% |
Mar 2, 2026
$559,000
Initial Listing
Jul 27, 2009
$157,000
Public Record
Oct 31, 2005
$378,500
Public Record
Sep 19, 2003
$237,000
Public Record