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Sold for $875,000
  • Listed by: First Team Real Estate • Valerie Neeley • Contact: 562-599-9216
    Bought with: Bullock Russell RE Services
    $875,000

    406 El Paseo, Lake Forest, CA 92610

    2beds
    1,423sqft
    Townhouse
    Built in 2015
    0.7 Acres Lot
    $875,700 Zestimate®
    $615/sqft
    $3,575 Estimated rent

    Home value

    $875,700

    $814,000 - $946,000

    $3,575/mo

    Zestimate® history
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    What's special

    Private covered balconyGenerously sized secondary bedroomWine fridgeTwo-story residenceWhite cabinetryStainless steel appliancesRecessed lighting
    Beautifully updated 2-bedroom townhome WITH office/flex space and 2 full bathrooms located in the highly desirable gated community of El Paseo. Offering a rare layout with no one above or below, this two-story residence combines privacy, functionality, and modern upgrades in one of Foothill Ranch’s most sought-after neighborhoods with lower HOAs and resort style community amenities. As you enter the home, you’re greeted by a spacious first-floor flex space—perfectly suited as a home office, gym, media room, or guest retreat, with the option to enclose for a third bedroom. This level also features direct access to the attached two-car garage, complete with EV hookup (charger not included). Upstairs, the main living area is filled with natural light and designed for effortless living and entertaining. The open-concept layout seamlessly connects the kitchen, dining, and living spaces, flowing out to a private covered balcony—ideal for morning coffee or evening relaxation. The kitchen is both stylish and functional, featuring granite countertops, a large center island with bar seating, white cabinetry, stainless steel appliances, a newer dishwasher, and updated black hardware and fixtures for a modern touch. Additional counter top space with matching counters and cabinets located adjacent to kitchen island with a wine fridge. Both bathrooms have been refreshed with brand new modern tile, enhancing the home’s clean, contemporary feel. The primary suite offers a peaceful retreat with high ceilings, a walk-in closet, and a well-appointed en suite bath with dual sinks and a walk-in shower. A generously sized secondary bedroom and full hallway bath provide comfort and convenience for family or guests. Additional highlights include luxury vinyl flooring, plantation shutters, recessed lighting, ceiling fans, and a convenient 2-in-1 washer/dryer. This home also features a 1-year-old Halo 5 whole-home water filtration system with a transferable 10-year warranty—providing added value and peace of mind. Residents of El Paseo enjoy access to resort-style amenities including a pool, clubhouse, and playground, all with low HOA and no Mello Roos. Ideally located near parks, hiking and biking trails, shopping, dining, and the 241 Toll Road, this home offers the perfect blend of lifestyle and location. A home that truly adapts to your lifestyle—modern, flexible, and move-in ready.

    Zillow last checked:

    Listing updated:

    Listed by:

    Valerie Neeley DRE #01988451 562-599-9216,

    First Team Real Estate,

    Allen Neeley DRE #01954586 949-436-1515,

    First Team Real Estate

    Bought with:

    Carin Dohling, DRE #02100159

    Bullock Russell RE Services

    Jim Holder, DRE #02046378

    Bullock Russell RE Services

    Source: CRMLS,MLS#: OC26059899MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bonus Room, Bedroom, Entry/Foyer, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Other
    Bedroom
    • Features: All Bedrooms Up
    Bathroom
    • Features: Bathroom Exhaust Fan, Bathtub, Dual Sinks, Remodeled, Tub Shower, Walk-In Shower
    Kitchen
    • Features: Granite Counters, Kitchen Island, Kitchen/Family Room Combo
    Other
    • Features: Walk-In Closet(s)
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Gas Oven, Microwave, Refrigerator, Dryer, Washer
    • Laundry: Inside, Upper Level
    Features
    • Balcony, Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Storage, All Bedrooms Up, Walk-In Closet(s)
    • Flooring: Vinyl
    • Windows: Double Pane Windows, Plantation Shutters
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total interior livable area: 1,423 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Door-Single, Garage, Garage Faces Rear, Tandem
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Main Floor
    • Patio & porch: Front Porch
    • Pool features: Association
    • Has spa: Yes
    • Spa features: Association
    • Has view: Yes
    • View description: None
    Lot
    • Size: 0.7 Acres
    • Features: Paved
    Details
    • Parcel number: 93310618
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Spanish
    • Property subtype: Townhouse
    • Attached to another structure: Yes
    Materials
    • Brick, Drywall, Frame, Stucco
    • Foundation: Slab
    • Roof: Tile
    Condition
    • Turnkey
    • New construction: No
    • Year built: 2015

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Biking, Hiking, Mountainous, Park, Street Lights, Sidewalks, Gated
    • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
    • Subdivision: El Paseo
    HOA
    • Has HOA: Yes
    • Amenities included: Clubhouse, Fire Pit, Outdoor Cooking Area, Barbecue, Other, Picnic Area, Playground, Pool, Spa/Hot Tub
    • HOA fee: $325 monthly
    • HOA name: El Paseo Owners Association
    • HOA phone: 949-261-8282
    Location
    • Region: Lake Forest

    Financial & listing details

    • Price per square foot: $615/sqft
    • Tax assessed value: $854,760
    • Annual tax amount: $8,876
    • Date on market: 3/19/2026
    • Cumulative days on market: 18 days
    • Listing terms: Cash,Conventional,FHA,Freddie Mac,Government Loan,VA Loan
    • Exclusions: Existing EV Charger. Hookups will remain.
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/8/2026Sold$875,000$615/sqft
    Source: CRMLS #OC26059899 Report a problem
    5/8/2026Pending sale$875,000$615/sqft
    Source: CRMLS #OC26059899 Report a problem
    5/8/2026Listed for sale$875,000+4.4%$615/sqft
    Source: CRMLS #OC26059899 Report a problem
    7/31/2023Sold$838,000+4.9%$589/sqft
    Source: CRMLS #OC23112039 Report a problem
    7/21/2023Pending sale$799,000$561/sqft
    Source: CRMLS #OC23112039 Report a problem
    7/6/2023Contingent$799,000$561/sqft
    Source: CRMLS #OC23112039 Report a problem
    7/6/2023Listed for sale$799,000+31%$561/sqft
    Source: CRMLS #OC23112039 Report a problem
    6/1/2020Sold$610,000$429/sqft
    Source: CRMLS #NS20083981 Report a problem
    5/11/2020Pending sale$610,000$429/sqft
    Source: Agentcor Inc. #NS20083981 Report a problem
    5/5/2020Listed for sale$610,000+1.7%$429/sqft
    Source: California Regional MLS #NS20083981 Report a problem
    4/11/2018Sold$600,000$422/sqft
    Source: CRMLS #OC18037746 Report a problem
    3/27/2018Pending sale$600,000$422/sqft
    Source: Realty One Group Inc #OC18037746 Report a problem
    3/10/2018Price change$600,000-2.4%$422/sqft
    Source: Realty One Group Inc #OC18037746 Report a problem
    3/2/2018Listed for sale$615,000$432/sqft
    Source: Realty One Group Inc #OC18037746 Report a problem
    2/28/2018Pending sale$615,000$432/sqft
    Source: Realty One Group Inc #OC18037746 Report a problem
    2/17/2018Listed for sale$615,000+33.1%$432/sqft
    Source: Realty One Group Inc #OC18037746 Report a problem
    4/28/2015Sold$462,000$325/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,876 +1%$854,760 +2%
    2024$8,786 +32.8%$838,000 +30.7%
    2023$6,618 +1.8%$641,217 +2%
    2022$6,499 +6.6%$628,645 +2%
    2021$6,099 -6.6%$616,319 -1.3%
    2020$6,532 $624,240 +2%
    2019$6,532 +2%$612,000 +25.4%
    2018$6,402 +28%$487,951 +2%
    2017$5,000 $478,384 +2%
    2016$5,000 $469,004
    Find assessor info on the county website

    Neighborhood: 92610

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Foothill Ranch
    • Middle: Rancho Santa Margarita
    • High: Trabucco Hills

    Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $875,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $875,700