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20702 El Toro Rd, 178, Lake Forest, CA 92630

$550K2bd · 2ba · 916 sqft
Lot 362,186 sqft•HOA $553.88/mo•Condominium•
Active
•19d on market•MLS# OC-26222428

Property Description

Top floor end unit living in Pheasant Creek, one of Lake Forest’s most parklike communities. Mature trees, flowing streams, and a large pond set the tone the moment you arrive, and the Aliso Creek Trail sits right across the street. This 2 bedroom, 2 bath home offers a layout that’s hard to find in a condo. Each bedroom has its own ensuite bathroom and built in closets, giving you two private suites. Use the second as a guest retreat, a home office with its own bath, or a comfortable setup for shared living. Being on the top floor at the end of the building means no one above you, fewer shared walls, and a quieter, more private feel. Large sliders fill the living room with natural light and open to an expansive balcony made for morning coffee or winding down in the evening. Laundry is right off the balcony, and the dining area flows naturally from the living space, making everyday living and hosting easy. A one car garage adds secure parking and storage, plus you get an additional reserved space. Pheasant Creek feels more like a park than a condo complex. Residents enjoy multiple pools and spas, tennis and basketball courts, and beautifully landscaped grounds throughout. HOA dues cover water, gas, and trash, so those are bills you won’t be paying separately. Located in the Saddleback Valley Unified School District, minutes from shopping and dining, with El Toro Road and Santa Margarita Parkway putting the 241 and the 5 within easy reach.

Features & Amenities

FeeBuilt 1980

Property Details

Land Type
Fee
Year Built
1980
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
1
Heating
Central
Cooling
Central Air
View
Hills, Peek-A-Boo
Flooring
Laminate, See Remarks
Roof
Shingle
City
Lake Forest
Zip Code
92630
County
Orange
Listed byCompass, Darren Shepherd

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,781.07
Principal & Interest
Loan Amount
$439,996
Total Interest
$561,191
Total Payment Over 30 Years
$1,001,187
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

20702 El Toro Rd, 178, Lake Forest, CA 92630

Lake Forest · Condominium

$550K
Affordable Tier
Beds
2
Baths
2
Sqft
916
Lot
8.31 ac
Year
1980
$/Sqft
$600
Pool: No✓
Spa: No✓
View: Hills, Peek-A-Boo✓
Garage: 1-car✓

Listed 8.9% above the median closed sale of $505,000.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $550K· $600/sqft
Total list price
Closed comps
vs closed median $505K
+$45K (+8.9%)
Active comps
vs active median $589K
−$39K (−6.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $683
−$83 (−12.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
27897 CinnamonMission Viejo198121800311,358$736$589,0006789
210 California CourtMission Viejo199322843413,109$711$599,0005389
21122 AquaMission Viejo19892294261,235$657$618,8888189
274 California CourtMission Viejo19942290042,997$611$550,0001087
27808 VioletMission Viejo198921840106,139$701$589,0003984
Total: 5 · Average2.01.6865186,967.6$683.2$589,177.650
Median843$589,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
20702 El ToroLake Forest198010/21/202622916344,910$499,000$485,500$5300.9718596
20702 El ToroLake Forest198005/20/202622916362,186$569,000$574,000$6271.013495
20702 El ToroLake Forest198205/12/202622916344,910$530,000$504,000$5500.958995
20702 El ToroLake Forest198004/20/2026229500$510,000$505,000$5320.994292
27844 VioletMission Viejo198604/23/2026229420$625,000$625,000$6631.004991
Total: 5 · Average2.02.0928350,668.667$538,700$538,700$580.4—79.8
Median916$505,000$505,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.