$429,900
1Beds1Baths710SqFt
20702 El Toro Rd 212Lake Forest, CA 92630Pheasant Creek
20702 El Toro Road 231, Lake Forest, CA 92630
- 2 beds
- 2 baths
- 916 sq ft
- Built 1980
Subdivision Pheasant Creek
14 condos sold in the past 12 months · median $422,000
The home
About 20702 El Toro Road 231
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.
Property details for 20702 El Toro Road 231
This 2-bedroom, 2-bath condo sits in the Pheasant Creek neighborhood of Lake Forest in Orange County. It offers 916 square feet of living space and is listed at $450,000, about $491 per square foot. The home was built in 1980. The MLS record lists the assessor parcel number as 938-740-71. Highlights include a community pool and spa, single-story living, air conditioning, and a turnkey home. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $450,000
- Days On Site
- 127 Days
- Bedrooms
- 2
- Inside Area (SqFt)
- 916 sqft
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- 1980
- MLS® Number
- OC26060489
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- $553.88 monthly
- Sq Ft Source
- PublicRecords
General Features
- Property Type
- Condominium
- MLS Number
- OC26060489
- Year Built
- 1980
- Living Area (sq ft)
- 916
- Living Area Source
- Public Records
- Levels
- One
- Bedrooms
- 2
- Full Baths
- 2
- Parking Spaces
- 2
- View
- None
- HOA Dues
- $553.88
- HOA Frequency
- Monthly
- HOA Name
- Pheasant Creek El Toro Condos
- Parcel Number
- 93874071
- On Market Date
- 2026-05-29
- Listing Terms
- Short Sale
Interior Features
- 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
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Fireplace
- None
- Laundry
- Outside
- Main Level Bedrooms
- 2
- Main Level Bathrooms
- 2
- Entry Level
- 1
- Common Walls
- Two Common Walls Or More
- Rooms
- Bedroom, Bathroom, Kitchen, Primary Bedroom, Great Room, Living Room
Exterior Features
- Lot Features
- Zero To One Unit Acre
- Patio and Porch
- Concrete, Covered
- Parking
- Carport, One Space
- Pool Features
- Community, Association
- Spa
- Community
- Sewer
- Public Sewer
- Water
- Public
- Condition
- Turnkey
- Units
- 256
Community Features
- Subdivision
- Pheasant Creek (PC)
- Community Features
- Biking, Hiking, Park, Street Lights, Sidewalks, Pool
- Association Amenities
- Sport Court, Pool, Spa Hot Tub, Tennis Courts
The record
Property History for 20702 El Toro Road 231
| Date | Event | Price | Note |
|---|---|---|---|
| May 29, 2026 | Listed for sale | $555,000 |
Cost of ownership
Estimated monthly payment
7.03% · 30-yr fixed$
$3,947/mo
10% down · 30-year fixed · $45,000 down
Principal & interest$2,703
Mortgage insurance (est., over 80% LTV)$169
Property tax (est. 1.04%)$390
Home insurance (rough est., varies widely)$131
HOA from listing$554
$3,477/mo
20% down · 30-year fixed · $90,000 down
Principal & interest$2,402
Property tax (est. 1.04%)$390
Home insurance (rough est., varies widely)$131
HOA from listing$554
$3,177/mo
30% down · 30-year fixed · $135,000 down
Principal & interest$2,102
Property tax (est. 1.04%)$390
Home insurance (rough est., varies widely)$131
HOA from listing$554
Estimated carrying cost
$1,075/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.04%)$390
Home insurance (rough est., varies widely)$131
HOA from listing$554
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.03% (week of Sep 24, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Lake Forest rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
Next steps
Buying 20702 El Toro Road 231
Want to see 20702 El Toro Road 231 in person? We have guided buyers through Pheasant Creek and the wider Lake Forest market since 1983. Call to arrange a private tour, or send a note and we'll follow up.
Selling near 20702 El Toro Road 231
Thinking of selling nearby? We bring current Pheasant Creek sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
About Lake Forest
Set in the Saddleback Valley of South Orange County and named for two man-made lakes, Lake Forest grew from the former El Toro community and the eucalyptus groves Dwight Whiting planted. Served entirely by the Saddleback Valley Unified School District, the city folds in the Foothill Ranch and Portola Hills districts near Whiting Ranch Wilderness Park.
Pheasant Creek home sales, past 12 months
- Homes sold
- 14
- Median price
- $422,000
- Median days on market
- 15
- Median per sq ft
- $619
Recorded MLS closings of condos, Sep 26, 2025 to Sep 26, 2026. Days on market run from listing to going under contract.
Price per square foot against recent Pheasant Creek sales
At $491 per square foot, this home's asking price is 21% below the Pheasant Creek median of $619 for condos that closed in the past 12 months.
Recent Pheasant Creek sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 20702 El Toro Rd 69 | Sep 17, 2026 | $380,000 | 560 | $679 | 41 |
| 20702 El Toro Rd 317 | Sep 17, 2026 | $412,500 | 710 | $581 | 64 |
| 20702 El Toro 284 | Jun 16, 2026 | $419,000 | 686 | $611 | 9 |
| 20702 El Toro 390 | Jun 3, 2026 | $417,000 | 686 | $608 | 6 |
| 20702 El Toro Road 94 | May 26, 2026 | $415,000 | 686 | $605 | 19 |
Schools
School District for 20702 El Toro Road 231
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Saddleback Valley Unified.
Living in Lake Forest covers its schools, parks and beaches.
Location
Location
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Listed by Brittany Miller of Luxre Realty, Inc.
Listing information updated Sep 27, 2026 at 6:52 PM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.