29012 Canyon Ridge 120, Lake Forest, California 92679, Lake Forest, 92679 - 1 bed, 1 bath
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29012 Canyon Ridge 120
Lake Forest, California 92679
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
632Sq Ft
113,556Lot Size
Property Price
LIST PRICE$495,000
EST. MARKET VALUE
$477,278
3% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium is listed at $535,000, reflecting a stable market position relative to its $521,620 Fair Market Value. Featuring a Mint Condition Rating, this home offers significant lifestyle value through recent $25,000 Andersen window upgrades, fresh flooring, and a private greenbelt-view patio. Located in the Saddleback Valley Unified district near top-rated schools like Portola Hills Elementary, this residence provides a rare, zero-stair living experience with the convenience of an attached garage. It is an ideal sanctuary for first-time buyers or downsizing professionals seeking a move-in ready, low-maintenance lifestyle.
Estimated Market Value
$477,278
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 |
|---|---|---|---|---|---|---|
★ 29012 Canyon Ridge 120 Subject 1 bd · 1 ba · 632 sqft · $755 | $495,000* List Price | 1 | 1 | 632 | $755 | - |
A 18915 Canyon Hill Drive Active 1 bd · 1 ba · 766 sqft · $627 · 0.1 mi | $479,900 List Price | 1 | 1 | 766 | $627 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has been very recently remodeled with brand new on-trend flooring, fresh paint, updated kitchen countertops, stainless steel appliances, and $25,000 in newly installed Andersen sliding glass doors, putting it in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Modern Upgrades
The property features significant recent investments, including $25,000 in high-efficiency Andersen sliding glass doors, fresh paint, and on-trend flooring, offering a move-in-ready experience.
- Exceptional Accessibility and Privacy
As a true single-level home with zero stairs and one of the largest enclosed patios in the area, this unit provides rare accessibility and a private outdoor sanctuary overlooking a peaceful greenbelt.
- Functional Attached Garage
The inclusion of an attached garage with dedicated storage space and an almost-new washer and dryer is a high-value convenience rarely found in one-bedroom condominiums.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =113556, other record lot size in square feet = 212901.
- Limited Living Area
With only 632 square feet of living space, the compact interior may limit appeal for buyers requiring more room for furniture, guests, or a home office.
- High Monthly Carrying Costs
The association fee of $547 per month is relatively high for a one-bedroom unit, which could impact the overall affordability and debt-to-income ratio for potential buyers.
About 29012 Canyon Ridge 120
NEW PRICE -- $40,000 REDUCTION! A Portola Hills gem with one of the largest enclosed patios in the area! This beautifully and very recently remodeled, true single-level home offers ZERO STAIRS and exceptional privacy. The interior has been freshly painted and features brand new, on-trend flooring. Enjoy $25,000 in newly installed Andersen sliding glass doors with SmartSun glass, bringing in natural light while adding modern style and efficiency. A new Andersen garage fire door is another thoughtful upgrade. And guess what? The attached garage offers an especially practical bonus: dedicated space for storage plus an almost-new washer and dryer, while still leaving plenty of room for your car. Guest parking is also a breeze, conveniently located near the home. Step outside to the expansive patio -- an exceptional private space for relaxing, entertaining, gardening, or simply enjoying the peaceful greenbelt view. This is a special home that rarely comes on the market.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 113,556 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $547.0 / Month
Neighborhood Insights
Lake Forest Unified Schools
Portola Hills Elementary School
Grades K-6 • 0.5 mi
8/10
Serrano Intermediate School
Grades 7-8 • 5.5 mi
6/10
El Toro High School
Grades 9-12 • 5.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.1 |
| Baths | 1.0 | 2.0 |
| Square foot | 632 | 1,096.746 |
| Lot Size | 113,556 | 185,385.508 |
| Price | $495.0K | $649.6K |
| Price per sq ft | $783 | $596 |
| Built year | 1986 | 1986 |
| HOA | $547.0 | $502 |
| Days on market | 32 | 57 |
Pricing History
Listed for Sale
Oct 9, 2026
$495,000
$535,000
-7% Price Drop
Initial Listing
Price Change
Sep 23, 2026
$535,000
Initial Listing
Sold
Sep 25, 2024
$485,000
Public Record
Sold
Jun 27, 2022
$439,000
Public Record
Sold
Aug 25, 2017
$305,000
Public Record
Sold
Jan 27, 2010
$188,818
Public Record
Sold
May 26, 2004
$315,000
Public Record
Sold
Jun 9, 1998
$73,000
Public Record