20702 El Toro Road #231, Lake Forest, CA 92630 (MLS # OC26060489)
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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.
| DAYS ON MARKET | 151 | LAST UPDATED | 9/25/2026 |
|---|---|---|---|
| TRACT | Pheasant Creek (PC) | YEAR BUILT | 1980 |
| COMMUNITY | LN - Lake Forest North | COUNTY | Orange |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| PRICE HISTORY | |
| Prior to Jun 1, '26 | $555,000 |
|---|---|
| Jun 1, '26 - Jun 17, '26 | $535,000 |
| Jun 17, '26 - Jul 9, '26 | $525,000 |
| Jul 9, '26 - Jul 18, '26 | $515,000 |
| Jul 18, '26 - Aug 9, '26 | $499,999 |
| Aug 9, '26 - Sep 19, '26 | $495,999 |
| Sep 19, '26 - Sep 25, '26 | $475,000 |
| Sep 25, '26 - Today | $450,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Electric Oven, Electric Range, Microwave |
| AREA | LN - Lake Forest North |
| HEAT | Wall Furnace |
| HOA DUES | 553.88|Monthly |
| INTERIOR | Crown Molding, Granite Counters, Master Downstairs, Open Floorplan |
| LOT | 0 |
| PARKING | Carport |
| POOL DESCRIPTION | Community, Association |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Pheasant Creek (PC) |
| VIEW DESCRIPTION | None |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 10/4/26 7:03 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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