5500 Paseo Del Lago W 1f, Laguna Woods, California 92637, Laguna Woods, 92637 - 2 bed, 2 bath
5500 Paseo Del Lago W 1f
Laguna Woods, California 92637
Property Price
SUMMARY
Analysis of 5500 Paseo Del Lago W 1f, Laguna Woods, California 92637 is currently available with a list price of $549,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Laguna Woods 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 move-in ready.
Built in 1977, the building itself is older. However, the unit has undergone extensive interior renovations, as evidenced by the modern kitchen with designer cabinets, an island, stainless steel appliances, and marble flooring. Both bathrooms have been remodeled with contemporary fixtures and finishes. The property also features updated wood flooring, double-pane windows, and crown molding throughout. While the exact renovation date isn't specified, the modern aesthetic suggests updates within the last 5-15 years, making the unit move-in ready with no immediate renovation required, aligning with a 'Good' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Aliso Niguel High School (9/10).
- Extensive 55+ Community Amenities
The property is located within Laguna Woods, a 55+ senior community offering an impressive array of amenities including 5 pools, 7 clubhouses, 27-hole golf course, par 3 golf, library, and 2 fitness centers.
- Recently Remodeled Interior
The kitchen features designer cabinets with an island, both bathrooms have been remodeled, and the property boasts upgraded marble and wood flooring throughout, providing a modern and move-in ready condition.
CONSRISKS & DEFICIENCIES
- Substantial Monthly HOA Fees
The association fee of $890.0 is considerably high, which will significantly impact the overall monthly cost of ownership.
- Age of Building Infrastructure
Built in 1977, the building is nearly 50 years old. While the interior is updated, the age of the overall building infrastructure may lead to potential future maintenance or assessment costs for common elements.
- Age-Restricted Community
As a 55+ senior community, the property's marketability is limited to a specific demographic, which can narrow the potential buyer pool and affect resale dynamics.
About 5500 Paseo Del Lago W 1f
This Beautiful "EL MIRADOR" with a fabulous outlook of a greenbelt. Double door Entry. The kitchen has designer cabinets with an island work and eating area. Marble flooring in kitchen and bath, Wood flooring in living room and bedroom, Double pane windows & Sliding door and Crown molding. Both baths have been remodeled as well. Enjoy all the wonderful amenities that Laguna Woods 55+ senior community has to offer, 5 Pools, 7 Clubhouses, 27 hole Golf Course, Par 3 Golf, Library, 2 Fitness centers and much more ….. only minutes from famous Laguna Beach.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $890.0 / Month
Neighborhood Insights
Laguna Woods Unified Schools
San Joaquin Elementary School
Grades K-6 • 0.2 mi
Oak Grove Elementary School
Grades K-5 • 2.7 mi
El Morro Elementary School
Grades K-5 • 5.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,230 | 1,136 | 70% |
| Lot Size | - | 1,357 | 34% |
| Price | $549.0K | $525.0K | 53% |
| Price per sq ft | $446 | $459 | 48% |
| Built year | 1977 | 1973 | 85% |
| HOA | $890.0 | $855 | 83% |
| Days on market | 137 | 200 | 13% |
Pricing History
Listed for Sale
Oct 21, 2025
$549,000
Initial Listing