3131 Watermarke Place, Irvine, California 92612, Irvine, 92612 - 1 bed, 1 bath
3131 Watermarke Place
Irvine, California 92612
Property Price
SUMMARY
Analysis of 3131 Watermarke Place, Irvine, California 92612 is currently available with a list price of $598,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Built in 2005, this condo is 19 years old and falls within the 'Good' condition age range. The property features modern laminate flooring and recessed lighting, indicating recent updates. The kitchen is functional and clean with granite countertops and a stainless steel microwave, though the white range and refrigerator appear to be original or older, showing some age in style but not disrepair. The overall unit is well-maintained and move-in ready, requiring no immediate renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Community Amenities
The Watermarke community offers resort-style amenities including concierge service, a clubhouse, multiple pools, tennis courts, and basketball courts, significantly enhancing resident lifestyle and appeal.
- Strategic Location
Situated in the desirable city of Irvine, the property boasts excellent proximity to major freeways, diverse dining, shopping centers, and the airport, ensuring convenience and connectivity.
- Modern & Move-in Ready Interior
The condo features desirable interior upgrades such as laminate flooring, recessed lighting, and an in-unit washer/dryer, providing a contemporary and functional living space for immediate occupancy.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
At 648 square feet, this 1-bedroom, 1-bathroom unit is quite compact, which may limit its appeal to buyers seeking more spacious living areas.
- High Association Fee
A monthly association fee of $499.00 is relatively high for a 648 sqft 1-bedroom condo, potentially impacting affordability and long-term ownership costs.
- Lack of View
The property explicitly states 'None' for the view, which can be a drawback for a condo, especially in a desirable area where views often command a premium.
About 3131 Watermarke Place
Welcome to the beautiful and highly desired Watermarke! This 1 bed 1 bath condo is 648 square feet, and located on the first floor. This sought-out community includes resort style amenities such as concierge service, clubhouse, pools, tennis courts, basketball courts, and so much more. It is right by the freeways, restaurants, shopping centers and even the airport! Condo includes laminate flooring, recessed lighting, and in-unit washer dryer. 3131 Watermarke is an amazing opportunity, and I look forward to seeing you here soon.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- 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
- $499.0 / 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 | $598.0K | $970.0K | 11% |
| Price per sq ft | $923 | $747 | 95% |
| Built year | 2005 | 2003 | 58% |
| HOA | $499.0 | $588 | 23% |
| Days on market | 304 | 169 | 0% |
Pricing History
Listed for Sale
Mar 4, 2026
$598,000
$620,000
-4% Price Drop
Initial Listing
Price Change
Dec 1, 2025
$620,000
Initial Listing
Price Change
May 7, 2025
$640,000
Initial Listing