3400 Watermarke, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath
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Irvine, California 92612
This Renovated Top-Floor Condo is a Prime Investment Opportunity, listed at $825,000—positioned well below the $853,935 Fair Market Value by 3%. This valuation gap offers $28,935 in Instant Equity. Boasting an Excellent Condition Rating, the home features a split-bedroom layout, new appliances, and a Courtyard View. Located in the Santa Ana Unified School District near UCI, the property includes Resort-Style Amenities like a junior Olympic pool. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3400 Watermarke Subject | $825,000* List Price | 2 | 2 | 1,260 | $678 | - |
A 3300 Watermarke Place Sold | $775,000 | 2 | 2 | 1,137 | $682 | 0.0 mi |
B 2337 Watermarke Sold | $830,000 | 2 | 2 | 1,148 | $723 | 0.1 mi |
C 2405 Watermarke Place Sold | $800,000 | 2 | 2 | 1,137 | $704 | 0.1 mi |
D 5082 Scholarship Sold | $885,000 | 1 | 2 | 1,349 | $656 | 0.1 mi |
E 3131 Michelson Drive 706 Sold | $850,000 | 2 | 2 | 1,330 | $639 | 0.7 mi |
F 3270 Watermarke Place Sold | $970,000 | 2 | 3 | 1,531 | $634 | 0.0 mi |
G 3134 Watermarke Place Active | $770,000 List Price | 2 | 2 | 1,260 | $611 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is in excellent condition following a recent extensive renovation. It features a modern open floor plan with new stainless steel appliances (refrigerator, stove, microwave), updated flooring throughout, and contemporary finishes in both the kitchen and bathrooms. Although the structure was built in 2005, the interior has been fully updated within the last 5 years to meet current market standards, showing no signs of deferred maintenance.
The Watermarke community offers an extensive array of premium amenities, including a junior Olympic pool, fitness center, tennis courts, and a putting green, providing a luxury lifestyle.
This recently renovated top-level home features a split-bedroom floor plan for maximum privacy, new appliances, and an open living space filled with natural light.
Conveniently located in central Irvine, the property provides quick access to UCI, John Wayne Airport, and major freeways, making it ideal for professionals and students.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1260, other record living area = 1137.
The association fee of $692 per month is a significant recurring expense that may impact the budget of potential buyers compared to other area condos.
The property is zoned for the Santa Ana Unified School District, which features lower-rated schools (3-4) compared to the neighboring top-tier Irvine Unified schools.
This clean, recently renovated 2 bedroom, 2 bathroom unit can be your home this summer. The top level home is designed with an open floor plan, with each bedroom on separate sides for maximum privacy. The layout is centered by the living room, which connects to the kitchen. Natural light fills the interior and a private deck offers additional entertaining space. The master bedroom features an ensuite bath while the guest suite can double as an office, with substantial space and walk-in closets for both bedrooms. The home comes with new appliances including a refrigerator, microwave, stove, and a washer and dryer. Amenities include a resort-style junior Olympic swimming pool, indoor/outdoor basketball court, tennis courts, fitness center, putting green, fireplace and social spaces including alfresco dining area and barbecues. Located in central Irvine, this home is just minutes from shopping, dining, John Wayne Airport, and University of California, Irvine (UCI), and the 55 and 405 freeways. Don't miss this rare opportunity to live in the sought-after Watermarke community!
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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,260 | 1,447 | 39% |
| Lot Size | 473,967 | 51,599 | 85% |
| Price | $825.0K | $980.0K | 36% |
| Price per sq ft | $655 | $725 | 18% |
| Built year | 2005 | 2003 | 57% |
| HOA | $692.0 | $588 | 75% |
| Days on market | 46 | 188 | 3% |
Mar 7, 2026
$825,000
Initial Listing
Mar 18, 2021
$615,000
Public Record
Apr 26, 2005
$519,500
Public Record