3241 Watermarke, Irvine, California 92612, Irvine, 92612 - 1 bed, 1 bath
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Irvine, California 92612
This Condominium represents a Strong Value Opportunity, listed at $669,000—positioned well above the $617,772 Fair Market Value. While the property carries a premium, it offers a resort-style lifestyle with multiple pools, spas, and fitness facilities. The unit maintains a Fair Condition Rating (21 years old), providing a stable base for cosmetic updates. Located in the Irvine Unified School District, this residence is ideal for Buy-and-Hold Investors seeking rental demand or first-time buyers prioritizing a vibrant, amenity-rich community near UCI and major employment hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3241 Watermarke Subject | $659,990* List Price | 1 | 1 | 835 | $737 | - |
A 3451 Watermarke Place Sold | $675,000 | 1 | 1 | 868 | $778 | 0.0 mi |
B 3261 Watermarke Sold | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
C 3339 Watermarke Place Sold | $635,000 | 1 | 1 | 835 | $760 | 0.0 mi |
D 2114 Watermarke Sold | $549,000 | 1 | 1 | 648 | $847 | 0.0 mi |
E 1306 Scholarship Sold | $565,000 | 1 | 1 | 734 | $770 | 0.2 mi |
F 1106 Scholarship Sold | $530,000 | 1 | 1 | 734 | $722 | 0.2 mi |
G 3458 Watermarke Active | $685,000 List Price | 1 | 1 | 868 | $789 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005, the property is 21 years old, placing it just into the 'Fair' category based on age (>20y). While the unit is meticulously maintained and move-in ready, the kitchen remains dated with original white appliances and cabinetry. Systems like central air are present, but the overall aesthetic requires modern updates to reach a higher rating.
The Watermarke community offers an extensive array of luxury amenities, including multiple pools, a state-of-the-art fitness center, indoor basketball and tennis courts, and concierge-style services.
Ideally situated in the heart of Irvine, the property provides exceptional proximity to UCI, John Wayne Airport, and premier shopping and dining at Fashion Island and The District.
The residence is equipped with highly desirable modern features, including an open floor plan, in-unit laundry, central air conditioning, and a private balcony.
The monthly HOA fee of $547.89 is relatively high for a one-bedroom unit, which may impact the overall affordability and monthly carrying costs for potential buyers.
The assigned public schools for this location have lower ratings (3-4) compared to the high-performing standards typically associated with the Irvine Unified School District.
THE BEST VALUE PER SQUARE FOOT IN WATERMARKE! Why pay the same high HOA fees for a cramped layout when you can own the premier, oversized Carlton Arms model? Spanning a massive 835 square feet, this highly coveted second-floor residence delivers nearly 200 MORE square feet of living space than competing 1-bedroom units in the building—making it the lowest price-per-square-foot luxury option available! Step inside to find absolute premium upgrades omitted in standard units, including extensive custom cabinetry throughout the kitchen, dining, and laundry areas, elegant crown molding, and a high-end built-in European closet system. Enjoy a peaceful, light-filled private balcony overlooking a serene tree-lined walkway. Skip the typical high-rise parking maze—this unit features an incredibly convenient parking flow straight from your assigned space to your front door. Complete with resort-style amenities (pools, fitness, tennis, concierge). Don't settle for less square footage when you can have premier luxury space and superior long-term value! Seller will consider all offers.
No exterior & parking available.
Grades K-5 • 3.4 mi
Grades 6-8 • 4.1 mi
Grades 9-12 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 24% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 835 | 1,447 | 9% |
| Lot Size | 473,967 | 49,632 | 89% |
| Price | $660.0K | $970.0K | 18% |
| Price per sq ft | $790 | $722 | 77% |
| Built year | 2005 | 2004 | 51% |
| HOA | $547.89 | $600 | 34% |
| Days on market | 23 | 166 | 4% |
May 30, 2026
$659,990
$669,000
-1% Price Drop
Initial Listing
May 14, 2026
$669,000
Initial Listing
Sep 11, 2015
$382,000
Public Record
Mar 25, 2005
$359,000
Public Record