Listed by Brittany Miller•DRE #02083260• Luxre Realty, Inc.
Contact: 949-228-4643
For sale
$450,000
Est. $3,571/mo —
2
bd
•
2 ba
•
916
sq ft
20702 El Toro Rd #231, Lake Forest, CA 92630
About this home
This lovely Lake Forest community is now FHA Approved and has passed all SB 326 inspections!!! Welcome to easy, low-maintenance living in the heart of Lake Forest! This beautifully updated ground-level 2-bedroom, 2-bath condominium offers the comfort and convenience today’s buyers are looking for—all with no interior or exterior stairs to navigate. Inside, you’ll find 916 square feet of thoughtfully designed living space featuring Spanish tile flooring throughout, creating a warm, cohesive look that’s both stylish and easy to maintain. The updated kitchen serves as the heart of the home, offering modern finishes, ample cabinetry, and a functional layout that flows seamlessly into the dining and living areas, making everyday living and entertaining effortless. The spacious primary suite provides a private retreat with an en-suite bathroom, while the second bedroom offers flexibility for guests, a home office, or hobbies. A second full bathroom adds convenience for family and visitors alike. Enjoy the ease of having two dedicated parking spaces (one that is covered) and the value of an HOA that includes water, trash, and access to community amenities which include a sparkling pool, sauna and tennis courts, helping simplify monthly expenses while enhancing your lifestyle. Whether you’re purchasing your first home, looking to downsize, or searching for a low-maintenance property in a convenient location, this home checks all the boxes. Ideally situated near shopping, dining, parks, and commuter routes, you’ll enjoy easy access to everything Lake Forest has to offer while coming home to a comfortable and inviting space. Offered at $525,000, this move-in-ready residence combines thoughtful updates, practical features, and an exceptional location into one outstanding opportunity.
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Lake Forest Elementary School
Public K-6 • Assigned • 1.6mi
7/10
Serrano Intermediate School
Public 7-8 • Assigned • 3.4mi
6/10
Trabuco Hills High School
Public 9-12 • Assigned • 0.4mi
10/10
Provided by GreatSchools
About Pheasant Creek-El Toro
Condominiums
Pheasant Creek-El Toro Condominiums, located between El Toro Road and Rockfield Boulevard, is a condo and townhome Lake Forest neighborhood with greenbelt paths and community pools. The neighborhood’s character concentrates around the El Toro Road and Rockfield Boulevard corner, where everyday errands and a steady stream of commuters set the tempo. Low-rise clusters with mature trees and interior courtyards give the streetscape a calm, planned feel. The nearby Lake Forest Sports Park adds fields, courts, and weekend activity. Saddleback Church and the Lake Forest Civic Center serve as recognizable local anchors for gatherings and services. Foothill views and access to the Aliso Creek corridor shape the outdoor rhythm.
Provided by Walk Score and Local Logic
Market insights
20702 El Toro Rd #231 · $450,000
DAYS ON MARKET
158 days
The average home goes pending in 61 days.
SALE-TO-LIST
98.5%
Most homes are selling 2% below list price.
LIST PRICE
$450,000
Median list price in this area is $750,000. (67% higher than this home)
PRICE DROP
7 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Crown moldings
Open floor plan
Granite counters
One-level living
Turnkey condition
Community spa access
Bedrooms
Main floor primary bedroom
Two primary bedrooms
All bedrooms on main floor
Bathrooms
Two full bathrooms
Shower-in-tub configuration
Kitchen
Granite counters
Garbage disposal
Microwave
Electric range and oven
Dishwasher
Laundry & utility
Laundry area located outside
Flooring
Tile flooring
Tile throughout main living areas
Heating & cooling
Wall heater
Wall/window cooling units
Exterior features
Covered concrete patio
Community pool
Community spa
Community sport court and tennis
Biking and hiking nearby
Street lighting, sidewalks, and park access
Home design
Condominium
Attached unit in a community of 256 units
Single-story
Located in the Pheasant Creek subdivision
Parking
One carport space
One uncovered parking space (total 2 parking spaces)
Construction
House-style structure
Public records listed year built
Utilities
Public sewer
District/public water
HOA & community
Part of Pheasant Creek El Toro Condos homeowners association
Monthly association fee
Association amenities include pool, spa, tennis, and sport court
Other
Community of 256 total units
0–1 unit/acre lot classification
Electricity and solar
View estimated energy costs and solar savings for this home
SINGLE LEVEL lower CORNER UNIT with no stairs! Beautifully upgraded, this home features GRANITE counters, updated white cabinets, recessed lights, STAINLESS STEEL appliances, dining room, spacious living room and attached enclosed patio. This home is move in ready with neutral paint, upgraded base boards, crown molding, updated doors and more! DUAL MASTER bedrooms are very spacious and each have an attached bathroom with tile counters and tub/shower combo. Laundry is conveniently located on the patio in an enclosed LAUNDRY ROOM and this unit has TWO ASSIGNED PARKING spaces, one carport in front of the condo, and one assigned parking space nearby. The highly desirable Pheasant Creek community is like living on vacation with meandering streams and walking paths throughout the community, 3 Pools, multiple Tennis Courts, Basketball Courts, Jacuzzi, and beautiful lake. LOW TAX, NO MELLO ROOS and HOA dues includes water, sewer and trash! Conveniently located near hiking and biking trails, nearby shops, restaurants, schools and convenient tollroad/freeway access. FHA approved tract! This is the home and community you have been waiting for!
CRMLS #S552150
May 1, 2009
Sold
$228,000
$249/sq ft
Apr 30, 2009
Listing Removed
—
Apr 10, 2009
Contingent
—
Mar 2, 2009
Price Changed
$234,900
$256/sq ft
Feb 14, 2009
Price Changed
$242,900
$265/sq ft
Jan 23, 2009
Price Changed
$249,900
$273/sq ft
Jan 8, 2009
Price Changed
$259,900
$284/sq ft
Nov 3, 2008
Price Changed
$279,900
$306/sq ft
Oct 24, 2008
Listed
$296,000
$323/sq ft
Bring your picky buyers. This two bedroom downstairs end unit has been remodeled. New kitchen with new cabinets, granite counter tops and back splash, new appliances. Newly painted, base boards and crown molding. All doors including closet doors are new. New hardware and light fixtures thoughout. Separate laundry area for full size washer and dryer. This property has a large patio area fully fenced. Assocition dues pays for water and trash.
CRMLS #S549197
Oct 22, 2008
Listing Removed
—
Sep 29, 2008
Listed
$297,000
$324/sq ft
CRMLS #U8001193
Aug 8, 2008
Sold
$185,200
$202/sq ft
Jun 13, 2008
Listing Removed
—
May 22, 2008
Price Changed
$184,000
$201/sq ft
Apr 15, 2008
Price Changed
$228,000
$249/sq ft
Mar 11, 2008
Listed
$240,000
$262/sq ft
CRMLS #S423637
Apr 28, 2006
Sold
$368,000
$402/sq ft
Jan 16, 2006
Listed
$359,900
$393/sq ft
Public Records
Dec 1, 1988
Sold
$10,000
$11/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,623 (+1.8%)
$482,788 + $74,346
$557,134
2024
$5,521 (+2.4%)
$473,321 + $72,889
$546,210
2023
$5,391 (+88.9%)
$464,040 + $71,460
$535,500
2022
$2,854 (+2.0%)
$454,941 + $70,059
$525,000
2021
$2,797 (+0.9%)
$200,310 + $76,357
$276,667
2020
$2,772 (+2.0%)
$196,383 + $74,860
$271,243
2019
$2,717 (+1.9%)
$194,369 + $74,093
$268,462
2018
$2,666 (+2.0%)
$190,558 + $72,641
$263,199
2017
$2,613 (+1.7%)
$183,159 + $69,821
$252,980
2016
$2,570 (+1.2%)
$183,159 + $69,821
$252,980
2015
$2,539 (+7.9%)
$179,568 + $68,452
$248,020
2014
$2,353 (+24.3%)
$163,846 + $62,929
$226,775
2013
$1,892 (−1.9%)
$163,846 + $62,929
$226,775
2012
$1,929 (−5.8%)
$118,491 + $62,929
$181,420
2011
$2,047
$118,491 + $62,929
$181,420
2010
$2,048 (+7.1%)
$130,071 + $62,929
$193,000
2009
$1,911 (−32.6%)
$130,071 + $62,929
$193,000
2008
$2,837
$112,129 + $67,871
$180,000
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1980
Finished Sq. Ft.
916
Unfinished Sq. Ft.
—
Total Sq. Ft.
916
Year built
1980
Style
Condo/Co-op
County
Orange County
APN
93874071
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 28, 2026.
R2
Multifamily-Dwelling District
The R2 district is established to provide for the development and maintenance of very-high-density multifamily residential neighborhoods with a low building height and a minimum amount of open space. Those uses are permitted that are complementary to and compatible with such a residential neighborhood.