20702 El Toro Road 379, Lake Forest, California 92630, Lake Forest, - bed, bath

home-pic
ACTIVE$449,000
20702 El Toro Road 379, Lake Forest, California 92630
1Bed
1Bath
710Sqft
257,265Lot
Year Built
1983
Close
-
List price
$449K
Original List price
$475K
Price/Sqft
-
HOA
$449
Days on market
-
Sold On
-
MLS number
OC25073476
Home ConditionFair
Features
Good View: Creek/Stream
Patio
ViewCreek/Stream

About this home

Welcome to your peaceful retreat in the heart of Lake Forest! Listen to the birds chirp and ducks quack in this beautifully maintained lower level condo with ZERO stairs. Your new pocket sized powerhouse has it all: 1-bedroom, 1-bath with an open-concept layout including stainless appliances, hardwood floors, and an enclosed patio where you can unwind while enjoying tranquil views of the surrounding greenery and water features. Located in the serene Pheasant Creek community, you’re just moments from shopping, restaurants, and every amenity you’ll need. The spacious living area flows seamlessly into the dining space and kitchen, ideal for entertaining or quiet nights in. The oversized bedroom includes a generous walk-in closet, and the full bathroom has been tastefully updated with granite counter and new fixtures. You’ll appreciate the in-unit full size laundry, and your private garage with storage. Also includes a parking permit with ample guest parking nearby. Nature lovers will adore the location — multiple parks including Serrano Creek, Veterans Park, and Lake Forest Sports Park are within a 10-minute drive. You're also just minutes from the 241 Toll Road, making traffic a thing of the past, and your commute a breeze. Prefer to stay active on the weekends? Explore nearby hiking trails in Whiting Ranch Wilderness Park, Santiago Canyon, O’Neill Park, or just hop on the Aliso Creek bikeway right across the street. Pheasant Creek amenities include association pool, spa, sauna, multiple tennis courts, and peaceful streams throughout the community. Affordable HOA dues even include water, trash, and exterior maintenance. Don't miss your chance to own a slice of paradise in Pheasant Creek - one of Orange County’s most economical locations!

Nearby schools

7/10
Montevideo Elementary School
Public,K-63.4mi
7/10
La Paz Intermediate School
Public,7-84.5mi
8/10
Trabuco Hills High School
Public,9-120.5mi

Price History

Date
Event
Price
08/21/25
Price Change
$449,000
04/04/25
Listing
$474,900
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (74 Listings)
Beds12
17%
Baths12
33%
Square foot710981
5%
Lot Size257,265241,503
52%
Price$449K$615K
13%
Price per square foot$632$609
64%
Built year19831983
50%
HOA$449$473
43%
Days on market215167
77%
Condition Rating
Fair

The property, built in 1983, is well-maintained and move-in ready, featuring desirable hardwood floors and updated stainless steel appliances. The bathroom is also described as 'tastefully updated with granite counter and new fixtures.' However, the kitchen's light wood cabinets and the fluorescent box lighting appear dated, suggesting a partial update rather than a full renovation. While functional, these elements show signs of being outdated, aligning the property with the 'Fair' condition criteria, which describes homes aged over 20 years with regular upkeep and occasional updates, where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Updated Interior & Modern Conveniences: Features an open-concept layout, stainless steel appliances, hardwood floors, an updated bathroom with granite, and convenient in-unit full-size laundry.
Exceptional Community Amenities & Environment: Located in the serene Pheasant Creek community, offering a pool, spa, sauna, multiple tennis courts, and tranquil stream views, enhancing lifestyle and appeal.
Highly Accessible & Commuter-Friendly Location: A lower-level unit with zero stairs, providing easy access. Proximity to the 241 Toll Road ensures a convenient commute, and it's minutes from essential amenities.
Abundant Outdoor Recreation Opportunities: Surrounded by multiple parks (Serrano Creek, Veterans Park, Lake Forest Sports Park) and direct access to hiking/biking trails, ideal for nature enthusiasts.
Value-Added HOA & Private Parking: Affordable HOA dues include water, trash, and exterior maintenance, coupled with a private garage and ample guest parking, adding significant value and convenience.

Cons

Compact Living Space & Limited Bedrooms: As a 1-bedroom, 1-bath unit with 710 sqft, its small footprint and limited bedroom count may restrict its appeal to a broader buyer pool, particularly families.
Age of Building Structure: Built in 1983, the property's underlying structure and major systems are over 40 years old, which could imply potential for future maintenance or upgrade needs beyond cosmetic updates.
Recent Price Reduction: The recent price drop from the original list price suggests either an initial overvaluation or a response to market conditions, potentially indicating a longer time on market or buyer perception of value.

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