700 E Lake Drive 1

Orange, CA 92866

$689,000

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

Listed by Boydstun Rlty & Prop Mngmt Inc · MLS #PW26235695

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 1, Orange, CA 92866 · MLS #PW26235695

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Enjoy exceptional views from inside the home and the patio/deck overlooking the pool and spa, picturesque lake and streams, charming bridges, and majestic mature redwood and pine trees.

Year built

Built in 1979.

Garage parking

1 garage spaces listed.

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

THE PROPERTY

Get to know the property.

PREMIUM END UNIT! SPECTACULAR VIEWS! Welcome to Morningside by the Lake, a hidden gem near historic Old Towne Orange, where a peaceful mountain-retreat atmosphere meets the convenience of central Orange County living!

Enjoy exceptional views from inside the home and the patio/deck overlooking the pool and spa, picturesque lake and streams, charming bridges, and majestic mature redwood and pine trees. Ducks, birds, and lush landscaping add to this serene setting.

This light and bright 2-bedroom home features open-concept kitchen and living areas, recessed lighting, and an upstairs skylight. The primary bedroom offers cathedral ceilings, a separate dressing area with a large vanity and sink, and generous storage. A full Jack-and-Jill bath with a newer walk-in shower serves the upstairs bedrooms; a convenient half bath is downstairs. Luxury Vinyl Planks in all living areas (tile in kitchen & bathrooms)

MAJOR UPGRADES WITHIN THE LAST TWO YEARS include new air conditioning and heating systems, energy-efficient dual-pane windows and sliding doors, stove, microwave, dishwasher, skylight, and walk-in shower.

A patio entry separates the residence from its 1-car garage with laundry hookups. An assigned carport is directly across from the garage, plus ample guest parking. Community amenities include a pool, spa, covered patio areas, BBQ facilities, and beautiful water features. Adjacent Hart Park offers walking and biking paths and outdoor recreation.

Tucked away from the hustle and bustle, yet close to Old Towne Orange, shopping, dining, and everyday conveniences. A LITTLE BIT OF MOUNTAIN LIVING IN THE HEART OF ORANGE COUNTY!

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Upcoming open houses

Nov 8, 2026 · 9:30 pm–12:30 am · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

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700 E Lake Drive 1, 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,EnergyStarQualifiedEquipment
Heating: Central,EnergyStarQualifiedEquipment
Appliances: Dishwasher,FreeStandingRange,Microwave,WaterToRefrigerator,Dryer,Washer
Flooring: Tile,Vinyl
Utilities: CableAvailable,ElectricityConnected,NaturalGasConnected,SewerConnected
Accessibility: None
Pool: No
Pool features: Community,Fenced,Heated,Association
Spa: Yes
Subdivision: Morningside On The Lake (MSLK)
Parcel: 93060401
HOA: Morningside Condominium Assn.
HOA amenities: OutdoorCookingArea,Barbecue,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$2,870.83

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 #PW26235695 · California Regional MLS

Listing brokerage: Boydstun Rlty & Prop Mngmt Inc
Listing agent: Cathy Meyers

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

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