700 E Lake Drive E 7, Orange, California 92866, Orange, 92866 - 2 bed, 2 bath
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Orange, California 92866
This Tranquil Resort-Style Condominium is listed at $699,800, representing a stable acquisition price closely aligned with its $690,193 Fair Market Value. Boasting a Condition Rating of 4, the residence is move-in ready and features laminate flooring, recessed lighting, and a cozy fireplace. The unique floorplan offers dual outdoor spaces, including a private courtyard and a back patio overlooking meandering streams and lush greenbelts. Located in the Orange Unified School District near Old Towne Orange and Chapman University, this home offers a premium lifestyle. It is an ideal match for Owner-Occupants or first-time buyers seeking serenity and convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 E Lake Drive E 7 Subject | $650,000* List Price | 2 | 2 | 1,122 | $579 | - |
A 660 S Glassell 48 Sold | $490,000 | 2 | 1 | 823 | $595 | 0.4 mi |
B 660 S Glassell 99 Sold | $535,000 | 2 | 1 | 823 | $650 | 0.4 mi |
C 444 S Tustin K3 Active | $755,000 List Price | 3 | 2 | 1,177 | $641 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features some modern updates such as laminate flooring and recessed lighting, the kitchen and bathrooms are significantly outdated. The kitchen retains 1980s-style oak cabinetry, tile countertops with floral backsplash, and older white appliances. Built in 1979, the home is well-maintained and move-in ready but lacks the extensive recent renovations required for a higher rating.
Ideally situated near Old Towne Orange, Chapman University, and the Santiago Creek Trail, offering residents a perfect blend of historic charm, dining, and outdoor recreation.
The 'Morningside on the Lake' community provides a serene atmosphere with mature trees, streams, and green belts, creating a peaceful retreat rarely found in urban settings.
Unique for a condominium, this unit features both a private entry courtyard and a back patio, significantly enhancing the living space and connection to the outdoors.
With only 1.5 bathrooms for a two-bedroom floorplan, the layout may be less convenient for families or shared living situations compared to units with two full baths.
The property includes a single-car garage, which could present challenges for multi-vehicle households or guest parking within the complex.
Appealing 2 bedroom, 1 1/2 bathroom condo located in the beautiful "Morningside on the Lake" community. Meandering streams, beautiful green belts and majestic mature trees create an incredibly serene setting for the lucky residents of this complex! A nicely designed floorplan features a single car garage with access to a private courtyard entry of the unit. A sizeable living room enjoys an inviting fireplace with upgraded mantle, laminate flooring, upgraded recessed lighting and access to the back patio. The kitchen has bar top dining, a space that would fit a bistro set for casual informal dining and plentiful storage and counter space. There are sliding doors from the kitchen that lead directly to the front entry courtyard. There is a downstairs powder room for guests. Both bedrooms are located on the 2nd story as well as the bathroom. The primary bedroom is spacious with a private bath vanity that has upgraded granite counter-top and mirrored closet doors. There is a walk in shower and an additional vanity within that space that the guest bedroom could access from a separate entry upstairs. Helpful built-ins are located on the upstairs landing provide extra storage options. The garage has laundry hook ups and the washer and dryer will remain. There is also a great deal of extra storage cabinetry that can be utilized within the garage. The unit's back patio opens to the beautiful landscaping that makes this complex so unique, a perfect spot to enjoy a morning coffee or outdoor meal. The community pool and spa providing wonderful outdoor recreation options. The complex has a prime location to so many local amenities including Hart Park with its various sports fields/courts, pool & walking paths & more! Santiago Creek Trail and Bike Path is adjacent to the complex and is perfect for outdoor enthusiasts. A short drive (or walk) to Old Towne Orange with its abundance of amazing dining options and unique shopping choices. A favorite spot of locals! Chapman University is also in close proximity. Freeways close-by include 55, 22 & the 5. A FABULOUS community to live in!
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,122 | 1,081 |
| Lot Size | 450,628 | 165,081 |
| Price | $650.0K | $656.8K |
| Price per sq ft | $579 | $603 |
| Built year | 1979 | 1989 |
| HOA | $425.0 | $380 |
| Days on market | 98 | 50 |
Jul 9, 2026
$650,000
$674,800
-4% Price Drop
Initial Listing
May 5, 2026
$674,800
$699,800
-4% Price Drop
Initial Listing
Apr 15, 2026
$699,800
Initial Listing