26342 Forest Ridge, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 2 bath
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26342 Forest Ridge
Lake Forest, California 92630
ACTIVE
CONDITION: GOOD
2Beds
2Baths
868Sq Ft
173,239Lot Size
Property Price
LIST PRICE$588,000
EST. MARKET VALUE
$532,967
10% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $588,000—positioned above the $532,967 Fair Market Value. While priced at a premium, the property features an Excellent Condition Rating with a complete plumbing re-pipe and a modern Granite Kitchen. Residents enjoy a lifestyle of convenience and scenic beauty, highlighted by Hillside and City-Light Views and access to Saddleback Valley Unified schools. This home is a perfect fit for first-time buyers or Owner-Occupants seeking a move-in ready sanctuary in a prime Lake Forest location.
Estimated Market Value
$532,967
Based on Realkey algorithm analyzing recent comparable sales in Lake Forest.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 26342 Forest Ridge Subject 2 bd · 2 ba · 868 sqft · $614 | $588,000* List Price | 2 | 2 | 868 | $614 | - |
A 26152 Serrano Court Sold 2 bd · 1 ba · 884 sqft · $571 · 0.1 mi | $505,000 | 2 | 1 | 884 | $571 | 0.1 mi |
B 26116 Serrano Court 12 Sold 2 bd · 1 ba · 884 sqft · $563 · 0.1 mi | $498,000 | 2 | 1 | 884 | $563 | 0.1 mi |
C 20897 Serrano Creek Sold 2 bd · 1 ba · 884 sqft · $588 · 0.1 mi | $520,000 | 2 | 1 | 884 | $588 | 0.1 mi |
D 21196 Sierra Sold 2 bd · 2 ba · 1,009 sqft · $702 · 0.5 mi | $708,000 | 2 | 2 | 1,009 | $702 | 0.5 mi |
E 26342 Forest Ridge Sold 2 bd · 2 ba · 868 sqft · $689 | $598,000 | 2 | 2 | 868 | $689 | - |
F 21245 Camelia 27 Active 2 bd · 2 ba · 953 sqft · $661 · 1.0 mi | $630,000 List Price | 2 | 2 | 953 | $661 | 1.0 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 1989 but features a well-maintained, upgraded kitchen with granite countertops and stainless steel appliances consistent with a 5-15 year old renovation. The property is move-in ready and includes a complete plumbing re-pipe.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Views
The property features exceptional hillside, mountain, and city-light views from the private balcony and primary suite, significantly increasing its market appeal.
- Modern Upgrades
The home boasts a fully upgraded kitchen with granite countertops and designer cabinetry, along with a complete re-pipe, reducing immediate maintenance concerns for buyers.
- Prime Location
Situated in the gated Villorio community, the home offers security and resort-style amenities with convenient access to Whiting Ranch trails and major freeways.
CONSRISKS & DEFICIENCIES
- Limited Living Space
At 868 square feet, the interior layout is relatively compact for a two-bedroom, two-bathroom configuration, which may feel restrictive for some buyers.
- High Association Fees
The monthly HOA fee of $526 is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for prospective owners.
About 26342 Forest Ridge
*********Beautiful Views. Beautiful Home. Exceptional Opportunity********* Enjoy breathtaking hillside, mountain and city-light views from this beautifully maintained 2-bedroom, 2-bath upper-level home in the gated Villorio community of Lake Forest. The private balcony is perfect for morning coffee, evening sunsets, and enjoying the peaceful surroundings. Light and bright with high ceilings, gorgeous flooring, a cozy fireplace, and an inviting open floor plan. The upgraded kitchen features granite countertops, designer cabinetry with organizers, a gas stove, and newer refrigerator, washer and dryer. Complete re-pipe! Spacious primary suite with private bath and views, plus a detached garage. Community pool and spa, beautiful grounds, and a convenient location near shopping, dining, trails, Whiting Ranch, the 241 and I-5. Homes offering this combination of views, upgrades, and location don’t come along often. Come see this special home and experience it for yourself—your next home may be waiting
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 173,239 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $526.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 868 | 1,096.746 |
| Lot Size | 173,239 | 185,385.508 |
| Price | $588.0K | $649.6K |
| Price per sq ft | $677 | $596 |
| Built year | 1989 | 1986 |
| HOA | $526.0 | $502 |
| Days on market | 31 | 57 |
Pricing History
Listed for Sale
Sep 24, 2026
$588,000
Initial Listing
Sold
Oct 26, 1993
$120,000
Public Record