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Lake Forest, CA

$499,999

20702 El Toro Road 231, Lake Forest, CA
2
Beds
2
Baths
916
Sq Ft
1980
Built
56
Days listed

About this home

**Seller will review all reasonable offers** 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.

Facts & features

Interior
Bedrooms
2
Bathrooms
2 full
Living area
916 sq ft
Interior features
Crown Molding, Granite Counters, Open Floorplan, All Bedrooms Down, Bedroom On Main Level, Main Level Primary, Multiple Primary Suites
Appliances
Dishwasher, Electric Oven, Electric Range, Disposal, Microwave
Flooring
Tile
Fireplace
None
Heating
Wall Furnace
Cooling
Wall Window Units
Laundry
Outside
Levels
One
Spa
Community
Exterior & lot
Pool
Community, Association
Year built
1980
Parking
Carport, One Space
Parking spaces
2
Community
Area
LN - Lake Forest North
County
Orange
Community features
Biking, Hiking, Park, Street Lights, Sidewalks, Pool
HOA fee
$554/mo
Listing details
Status
Active
Property type
Condominium
Days on market
56
Listed
2026-05-06
Original price
$555,000
Terms
Cash, Conventional
Parcel #
93874071
MLS #
OC26060489
Listed by
Brittany Miller · Luxre Realty, Inc.

Location

Price history

Listed
$555,000 · 2026-05-06
Price reduced
$499,999 (−$55,001)
Days on market
56
Current price
$499,999
Financing

Could this home be yours?

Estimated monthly payment
$3,137
$2,528 principal & interest · $608 taxes & insurance
$100,000
Estimate only
Loan $399,999

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Estimated value range nearby
$505,206$593,067

A rough estimate from current nearby price-per-square-foot — not an appraisal. A precise valuation considers condition, upgrades and recent sales.

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Listing data provided by CRMLS

Listing courtesy of Luxre Realty, Inc.. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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