
Irvine, California 92612
This Spacious 2-Bedroom Condominium is a Strong Value Opportunity, listed at $997,000—positioned well below the $1,030,223 Fair Market Value by 3%. This valuation gap offers $33,223 in Instant Equity for the buyer. The property maintains a Good Condition Rating, featuring a functional Granite Kitchen and a private patio. While zoned for the Santa Ana Unified district, its resort-style amenities and proximity to UC Irvine make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime Irvine location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3273 Watermarke Place Subject | $997,000* List Price | 2 | 3 | 1,523 | $676 | - |
A 2250 Watermarke Sold | $995,000 | 2 | 3 | 1,523 | $653 | 0.0 mi |
B 3134 Watermarke Place Sold | $755,000 | 2 | 2 | 1,260 | $599 | 0.0 mi |
C 3131 Michelson Drive 503 Sold | $1,085,000 | 2 | 2 | 1,583 | $685 | 0.7 mi |
D 3400 Watermarke Sold | $795,000 | 2 | 2 | 1,260 | $631 | 0.0 mi |
E 3141 Michelson 508 Sold | $1,165,000 | 2 | 2 | 1,520 | $766 | 0.7 mi |
F 1434 Scholarship Sold | $810,000 | 2 | 2 | 1,274 | $636 | 0.2 mi |
G 3141 Michelson 1306 Sold | $1,025,000 | 2 | 2 | 1,367 | $750 | 0.7 mi |
H 2380 Scholarship Sold | $980,000 | 3 | 2 | 1,345 | $729 | 0.1 mi |
I 2408 Watermarke Place Active | $899,000 List Price | 2 | 2 | 1,260 | $713 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, the property is approximately 19 years old, placing it squarely in the 'Good' category. The interior is well-maintained and move-in ready, featuring a functional kitchen with granite countertops and white cabinetry, and bathrooms with dual vanities and soaking tubs that appear original but in good condition.
The Watermarke community offers premium lifestyle amenities including multiple pools, spas, a modern fitness center, and a clubhouse, providing a high-end living experience that appeals to both owner-occupants and tenants.
With 1,523 square feet of living space, this residence features a generous open-concept layout, a dedicated office nook, and a dual-suite configuration that maximizes privacy and utility.
Situated in the heart of the Airport Area, the property offers exceptional proximity to UC Irvine, John Wayne Airport, and major business hubs, ensuring strong long-term demand and convenience.
The property is zoned for the Santa Ana Unified School District rather than the highly-coveted Irvine Unified, which may be a deterrent for families prioritizing top-tier school rankings.
The association fee of $721.35 per month is significant, which increases the total monthly debt-to-income ratio for buyers and may impact the property's overall investment yield.
Welcome to 3273 Watermarke Place -- a spacious 2-bedroom, 2.5-bathroom residence in the sought-after Watermarke community, offering 1,523 square feet of comfortable living space. This well-maintained home features a bright, open-concept living and dining area centered around a cozy fireplace, and a functional kitchen with white cabinetry, granite countertops and a spacious built-in workspace. Adjacent to the kitchen is your indoor laundry with room for two full-sized appliances. A versatile office nook and a convenient half bath round out the first floor. Downstairs, the primary suite includes an en-suite bath with oversized walk-in closet, dual vanities, a soaking tub, and a separate walk-in shower, while the secondary bedroom offers generous closet space and its own full bath. A spacious private patio, ideal for relaxing outdoors, is accessible from both bedrooms. Two assigned underground parking spaces are included in the secured, gated garage. There is also an ample storage closet, shared with one other resident, to house all your overflow items. Residents of Watermarke enjoy resort-style amenities including multiple pools and spas, a clubhouse, fitness center, and beautifully landscaped grounds -- all just minutes from UC Irvine, John Wayne Airport, a nature preserve, shopping, dining, and major Orange County freeways. Irvine is known for its exceptional schools, safety, outdoor recreation areas and beautiful master-planned communities. Don’t miss this opportunity to call one of Orange County’s most desirable areas your home.
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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,523 | 1,772 |
| Lot Size | 473,967 | 46,724 |
| Price | $997.0K | $1.27M |
| Price per sq ft | $655 | $753 |
| Built year | 2005 | 2014 |
| HOA | $721.35 | $296 |
| Days on market | 14 | 60 |
Jul 8, 2026
$997,000
Initial Listing
Apr 15, 2005
$553,500
Public Record