506 Deeann, Lake Forest, California 92610, Lake Forest, 92610 - 3 bed, 4 bath

506 Deeann
Lake Forest, California 92610
Property Price
SUMMARY
Analysis of 506 Deeann, Lake Forest, California 92610 is currently available with a list price of $990,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Forest 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 new construction or fully renovated.
This condominium was built in 2020, making it only 4 years old and well within the 'newly built' criteria for an excellent rating. The description highlights its 'turnkey' condition with 'updated fits and finishes throughout' and 'true pride of ownership.' The images confirm a pristine, modern aesthetic across the entire property. The kitchen features contemporary white shaker cabinets, light countertops, a stylish herringbone subway tile backsplash, stainless steel appliances, and modern pendant lighting. All bathrooms are equally updated with modern vanities, black fixtures, and clean tiling. Flooring consists of a mix of light hardwood/laminate, patterned tile, and clean carpet, all appearing new and well-maintained. All components are virtually new, meeting current quality standards with no signs of wear or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- New Construction & Turnkey Condition
Built in 2020, this condominium is described as 'turnkey' with 'updated fits and finishes throughout' and 'true pride of ownership,' offering a move-in ready experience with minimal immediate maintenance or renovation needs.
- Exceptional Community Amenities
Residents enjoy access to an amenity-rich gated community featuring a clubhouse, parks, pickleball courts, pool, water park, and jacuzzi, significantly enhancing lifestyle and recreational opportunities.
- Unique Condo Privacy
A rare find in condominium living, this unit boasts no neighbors above or below, providing an enhanced sense of quiet and privacy.
CONSRISKS & DEFICIENCIES
- Ongoing Association Fees
The property incurs a monthly association fee of $354.00, which is an ongoing cost that buyers must factor into their budget, despite the extensive amenities it covers.
- Condominium Ownership Limitations
As a condominium, ownership typically involves adherence to HOA rules and regulations, potential for shared expenses beyond the monthly fee, and less autonomy over property modifications compared to a single-family home.
- Lack of Private Outdoor Space
While the community offers abundant shared outdoor amenities, the description does not indicate any private yard or significant dedicated outdoor space directly attached to the unit, which some buyers may desire.
About 506 Deeann
Welcome to this exceptional 3 bedroom, 4 bathroom turnkey condominium located in a newer, gated community that perfectly blends comfort, style, and convenience. Thoughtfully designed with a functional floor plan, this residence offers no neighbors above or below, providing a quiet and private living experience rarely found in condo living. The home is move in ready and showcases true pride of ownership, with updated fits and finishes throughout. A large great room filled with abundant natural light creates an inviting space for both everyday living and entertaining. The main level features a versatile bonus area, ideal for a home office, media space, or flex room to suit your lifestyle. Each bedroom is generously sized, complemented by four well-appointed bathrooms that add both comfort and convenience. The overall layout is efficient yet spacious, making the home feel open and welcoming. Residents enjoy access to an amenity rich community offering a clubhouse, parks, pickleball courts, pool, water park and jacuzzi, all set within beautifully maintained grounds. The location is truly unbeatable and close to shopping, dining, major freeways, and toll roads, making commuting and daily errands effortless. This is a rare opportunity to own a quiet, light filled, and impeccably maintained home in an amazing community where lifestyle and location come together seamlessly. Welcome home.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2020
- Lot Size
- 611,236 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $354.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 53% |
| Baths | 4.0 | 3.0 | 67% |
| Square foot | 1,761 | 1,324 | 67% |
| Lot Size | 611,236 | 17,614 | 87% |
| Price | $990.0K | $795.0K | 60% |
| Price per sq ft | $562 | $568 | 47% |
| Built year | 2020 | 2015 | 53% |
| HOA | $354.0 | $327 | 60% |
| Days on market | 50 | 185 | 7% |
Pricing History
Listed for Sale
Jan 16, 2026
$990,000
Initial Listing
Sold
Feb 22, 2022
$955,000
Public Record
Sold
Dec 29, 2020
$709,500
Public Record










































