3338 Watermarke, Irvine, California 92612, Irvine, 92612 - 1 bed, 1 bath
Loading property details...
Irvine, California 92612
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $589,000—positioned above the $533,673 Fair Market Value. While priced at a premium, the property offers a Good Condition Rating and rare corner-unit privacy. Residents benefit from resort-style amenities, including three pools and a fitness center, in a prime location near UC Irvine. Despite the higher HOA fees and moderate school ratings, the property’s move-in ready status and central location make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3338 Watermarke Subject | $589,000* List Price | 1 | 1 | 648 | $824 | - |
A 2114 Watermarke Sold | $549,000 | 1 | 1 | 648 | $847 | 0.0 mi |
B 2202 Watermarke Sold | $595,000 | 1 | 1 | 746 | $798 | 0.0 mi |
C 1327 Scholarship Sold | $550,000 | 1 | 1 | 734 | $749 | 0.2 mi |
D 3261 Watermarke Sold | $630,000 | 1 | 1 | 868 | $726 | 0.0 mi |
E 3451 Watermarke Place Sold | $675,000 | 1 | 1 | 868 | $778 | 0.0 mi |
F 1306 Scholarship Sold | $565,000 | 1 | 1 | 734 | $770 | 0.2 mi |
G 2379 Scholarship Sold | $555,000 | 1 | 1 | 610 | $910 | 0.1 mi |
H 1106 Scholarship Sold | $530,000 | 1 | 1 | 734 | $722 | 0.2 mi |
I 3212 Watermarke Pl Active | $609,000 List Price | 1 | 1 | 648 | $940 | 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 hardwood flooring and a functional kitchen. While the cabinetry and black appliances are consistent with the original construction era, the overall condition is clean with no visible deferred maintenance.
As a rare corner unit with only one common wall, this property offers significantly enhanced privacy and increased natural light compared to standard interior units.
The Watermarke community provides an extensive luxury amenity package, including three pools, a fitness center, tennis courts, and a private movie theater, offering a high-end lifestyle.
Ideally situated near UC Irvine, John Wayne Airport, and premier shopping destinations like Fashion Island, this location is perfect for professionals and students seeking convenience.
The monthly HOA fee of $548 is relatively high for a 648-square-foot one-bedroom unit, which may impact monthly affordability and investor cap rates.
The property is served by the Santa Ana Unified School District with school ratings ranging from 3 to 4, which may be a drawback for buyers prioritizing top-tier educational scores typically associated with Irvine.
Rare corner-unit opportunity in the highly sought-after gated community of Watermarke. Welcome to Watermarke Place, a beautifully upgraded 1-bedroom, 1-bath condominium featuring an open-concept floor plan, abundant natural light, hardwood flooring, custom window coverings, and a modern kitchen. As a desirable corner unit with only one common wall, this home offers enhanced privacy and a bright, airy living space. The spacious private balcony extends directly from the living area and includes additional storage, creating the perfect place to relax and enjoy Southern California living. The oversized bathroom features a soaking tub and shower combination, while generous storage throughout the home adds comfort and functionality. Residents enjoy Watermarke's resort-style amenities, including three pools with cabanas, a spa, fitness center, tennis courts, basketball court, private movie theater, clubhouse, and beautifully landscaped grounds. Ideally located in the heart of Irvine and bordering Newport Beach, this community is just minutes from UC Irvine, Fashion Island, South Coast Plaza, John Wayne Airport, Irvine Spectrum, The District, and major freeways. Experience the perfect blend of comfort, convenience, and resort-style living in one of Irvine's most desirable communities.
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 | 1.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 648 | 1,772 |
| Lot Size | 473,967 | 46,724 |
| Price | $589.0K | $1.27M |
| Price per sq ft | $909 | $753 |
| Built year | 2005 | 2014 |
| HOA | $548.0 | $296 |
| Days on market | 13 | 60 |
Jul 9, 2026
$589,000
Initial Listing
May 12, 2025
$620,000
Public Record
Jan 24, 2005
$306,000
Public Record