700 E Lake Drive 136

Orange, CA 92866

$699,000

2 beds
2 baths
1,122 sq ft
10.35 acres
Built 1979

Listed by EHM Real Estate, Inc. · MLS #OC26237169

Listing status & updates

MLS last changed: Not supplied by this listing source
Availability last checked: No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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700 E Lake Drive 136, Orange, CA 92866 · MLS #OC26237169

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

The custom front door welcomes you into a spacious, open floor plan with a formal entry, spacious dining and living room with fireplace and sliding glass doors that open to a private patio overlooking the trees, lake and streams.

Details worth a look

The remodeled kitchen features granite countertops, stainless steel appliances, gas convection range and bright breakfast nook with sliding glass doors opening to the gated front courtyard.

Year built

Built in 1979.

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

THE PROPERTY

Get to know the property.

A Rare Opportunity to own a Beautifully Upgraded Townhome in the Highly Sought-after Morningside on the Lake. Majestic Sequoia redwoods, picturesque lakes, waterfalls, streams create a picturesque setting. Tucked away in a peaceful, private location, this light-filled two-bedroom townhome is surrounded by Hart Park and Santiago Trails and is a short walk to historic Old Towne Orange. The custom front door welcomes you into a spacious, open floor plan with a formal entry, spacious dining and living room with fireplace and sliding glass doors that open to a private patio overlooking the trees, lake and streams. The remodeled kitchen features granite countertops, stainless steel appliances, gas convection range and bright breakfast nook with sliding glass doors opening to the gated front courtyard. Upstairs, two generously sized bedrooms offer views of the surrounding natural beauty, one overlooking the redwoods and the other enjoying views of the scenic walking trails. The spacious primary bedroom features high ceilings, a ceiling fan, an expansive wall of closet space, direct access to the bath and beautiful leaded-glass doors. Thoughtfully renovated, the home features new interior paint, new dual-pane Andersen windows throughout, new HVAC system and water heater, new custom roller shades and drapes and new skylight with a digitally controlled remote shade that brings an abundance of natural light into the home. Two private outdoor patios offer space to relax and enjoy the tranquil surroundings. The back patio overlooks the beautiful redwoods, lake and streams and includes additional storage, while the gated front courtyard with charming brick hard scape and gardens provides direct access to the oversized garage, complete with newer Sunwest garage door. Other updates include new switches, garage storage with ladder, new led lighting and fixtures. Adding to the home’s appeal, the HOA has recently replaced the roof and beautifully renovated the community pool and spa. Morningside on the Lake is truly one of Orange’s hidden gems with its park-like grounds, mature trees, picturesque bridges, ponds, waterfalls and winding pathways. Enjoy the nearby Hart Park and Santiago Creek Trail with miles of walking, biking paths. Just a short walk away, historic Old Towne Orange and its iconic Orange Circle offer an array of charming boutiques, antique shops, restaurants, cafés and community events. Chapman University and convenient freeway access are also nearby.

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THE NEIGHBORHOOD

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700 E Lake Drive 136, Orange, CA 92866

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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$1,236,953Up 2.8% vs. the previous 12 months

Months of supply3.012-month average

Days on market3712-month weighted average

Latest available data: October 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: 1979
Full baths: 1
Half baths: 1
Garage spaces: 1
Cooling: CentralAir
Heating: Central
Appliances: BuiltInRange,ConvectionOven,Dishwasher,Disposal,GasRange
Flooring: Carpet,Tile
Accessibility: None
Pool: No
Pool features: Community,Association
Spa: Yes
Subdivision: Morningside On The Lake (MSLK)
Parcel: 93060536
HOA: Morningside on the Lake
HOA amenities: MaintenanceGrounds,MaintenanceFrontYard,Pool,SpaHotTub,Trails
HOA fee frequency: Monthly
Elementary school: Palmyra
High school: Orange
HOA fee: $510.00

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

Investor outlook Rental potential, ownership costs and property management

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$2,912.50

Cap rate—

Annual operating income: —

HOA: Includes $510.00 per month in HOA dues, converted from the $510.00 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 #OC26237169 · California Regional MLS

Listing brokerage: EHM Real Estate, Inc.
Listing agent: Sherri Lex

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. 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.