20702 El Toro Rd Unit 259 259

Lake Forest, CA 92630

$505,000

2 beds
2 baths
916 sq ft
Built 1980

Listed by Landmark Realtors · MLS #OC26181114

20702 El Toro Rd Unit 259 259, Lake Forest, CA 92630 — photo 1

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20702 El Toro Rd Unit 259 259, Lake Forest, CA 92630 · MLS #OC26181114

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Spacious Living room with attached dining and slider to the patio.

Details worth a look

Calm and serene environment right outside your patio with water turtles and beautiful Koi fish and cute ducks.

Year built

Built in 1980.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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Location Location Location. This adorable condo is Ground Level overlooking the large Lake and streams. The babbling sound of the rushing creek is heard from both bedrooms window. Calm and serene environment right outside your patio with water turtles and beautiful Koi fish and cute ducks.

The patio Fencing can be removed, exposing the entire patio to the lake if desired. The Pool/ spa is conveniently located to the property. The two bedrooms have attached bathrooms making dual suites. Spacious Living room with attached dining and slider to the patio.

Kitchen has been beautifully remodeled, shaker cabinets and stylish granite, cabinet depth refrigerator, this would please any gourmet.

Additionally...each bedroom has overhead fan lighting. Beautiful vinyl flooring throughout the home. Washer & Dryer included.

HOA pays for Water/Trash and Central HOT water. Amenities include: 3 Pools/Spa, Tennis Courts, Pickle Ball, Basketball, open space and tree lined grounds, much like a resort. Two assigned Parking spaces, one covered.

The local trail across the street "Aliso Creek Trail"- hiking trails from ocean to mountains. Miles of paved Bike paths. Some of the best perks for living in Orange County are right here in your own backyard.

Come take a look and see what great things this property has to offer- you wont be disappointed.

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THE NEIGHBORHOOD

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20702 El Toro Rd Unit 259 259, Lake Forest, CA 92630

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LOCAL MARKET CONTEXT

Orange County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$1,230,134Up 2.6% vs. the previous 12 months

Months of supply2.912-month average

Days on market3712-month weighted average

Latest available data: August 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1980
Full baths: 2
Garage spaces: 0
Cooling: Electric,WallWindowUnits
Heating: Electric,WallFurnace
Appliances: Dishwasher,ElectricRange,ElectricWaterHeater,Disposal,Microwave,Refrigerator,Dryer,Washer
Flooring: Vinyl
Utilities: CableAvailable,CableConnected,ElectricityConnected,SewerConnected,WaterConnected
Fencing: Wood
Accessibility: NoStairs
Pool: No
Pool features: Association,Community
Spa: Yes
Subdivision: Pheasant Creek (PC)
Parcel: 93874099
HOA: Pheasant creek El Toro Condos
HOA amenities: HotWater,Trash,Water
HOA fee frequency: Monthly
HOA fee: $354.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$2,104.17

Cap rate—

Annual operating income: —

HOA: Includes $354.00 per month in HOA dues, converted from the $354.00 monthly fee reported by the listing source.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

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Listing information

MLS #OC26181114 · California Regional MLS

Listing brokerage: Landmark Realtors
Listing agent: Patti VanLeeuwen

Listing status: Active. Record updated September 10, 2026. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.