104 Luneta, Rancho Mission Viejo, California 92694, Rancho Mission Viejo, 92694 - 2 bed, 4 bath

104 Luneta, Rancho Mission Viejo, California 92694 home-pic-0

104 Luneta

Rancho Mission Viejo, California 92694

ACTIVE
CONDITION: EXCELLENT
2Beds
4Baths
2,474Sq Ft
6,302Lot Size

Property Price

LIST PRICE$1,599,000
EST. MARKET VALUE
$1,649,000
3% BelowMARKET VALUE

SUMMARY

Analysis of 104 Luneta, Rancho Mission Viejo, California 92694 reveals a Prime Investment Opportunity with a current list price of $1,599,000—significantly undercutting the $1,649,000 Fair Market Value by 3%. This valuation gap indicates a +$50,000 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Rancho Mission Viejo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,649,000 +$50,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Rancho Mission Viejo.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
104 Luneta
Subject
$1,599,000*
List Price
242,474$667-
A
164 Luneta Lane
Sold
$1,190,000232,006$5930.1 mi
B
10 Vagar Street
Sold
$1,725,000232,121$8130.5 mi
C
147 Luneta Lane
Sold
$1,199,000232,006$5980.1 mi
D
8 Platal
Sold
$1,249,000231,814$6890.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Built in 2018, this property is well within the 10-year threshold for an excellent rating. It features a modern chef's kitchen with high-end appliances, designer upgrades, owned solar, and seamless indoor-outdoor living spaces that meet current luxury standards with no visible deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Wagon Wheel Elementary School (9/10). Middle School: Ladera Ranch Middle School (9/10).

  • Indoor-Outdoor Integration

    The property features double pocket doors that disappear to seamlessly connect the chef’s kitchen and living areas to a resort-style outdoor retreat with panoramic canyon and city light views.

  • Energy Efficiency & Upgrades

    This 2018-built home includes owned solar panels and premium designer upgrades throughout, offering a modern, low-maintenance lifestyle with significant long-term utility savings.

CONSRISKS & DEFICIENCIES

  • Age-Restricted Community

    As part of the Gavilan 55+ enclave, the property is limited to a specific demographic, which significantly narrows the potential buyer pool and may impact future resale liquidity.

  • High Monthly Carrying Costs

    The $438 monthly association fee, while providing access to premium amenities, adds a substantial recurring expense to the homeowner's budget.

About 104 Luneta

Elevated living meets effortless elegance in this exceptional Gavilan 55+ residence, where breathtaking views, an expansive premium lot, and a sophisticated indoor–outdoor lifestyle create a truly rare offering. With owned solar, designer upgrades, and thoughtful architectural details throughout, this home delivers the perfect blend of luxury and low-maintenance living. Beautifully upgraded and meticulously styled, this residence offers 2 bedrooms and 3.5 baths, including a convenient main-floor powder room for guests. Sunlight pours into the open-concept living spaces, highlighting modern finishes, elevated design, and a welcoming sense of flow. At the heart of the home, the sleek chef’s kitchen connects seamlessly to the living and dining areas. Double pocket doors disappear completely, expanding the entire space into a resort-style outdoor retreat—ideal for hosting gatherings or unwinding with panoramic views. The main-floor primary suite is a serene sanctuary with luxurious appointments, while the well-separated guest suite provides privacy and comfort. Upstairs, a spacious loft adds incredible versatility—featuring its own ensuite bath and an abundance of storage. It’s the perfect space for grandkids’ sleepovers, a dedicated home office, fitness area, or a bright and inspiring creative studio. Located within the prestigious Alma enclave of Rancho Mission Viejo, residents enjoy exclusive access to Gavilan’s renowned 55+ amenities, including resort-style pools, state-of-the-art fitness centers, social clubs, scenic trails, parks, and engaging community events—all framed by the natural beauty of the surrounding open space. With owned solar, luxurious enhancements, and flexible spaces designed for the way you live, this home offers elevated living at its finest. A rare and special opportunity you won’t want to miss.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2018
Lot Size
6,302 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$438.0 / Month

Neighborhood Insights

Rancho Mission Viejo Unified Schools

Oso Grande Elementary School

Grades K-5 • 2.2 mi

8/10

Wagon Wheel Elementary School

Grades K-5 • 2.2 mi

9/10

Harold Ambuehl Elementary School

Grades K-5 • 5.4 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
15%
Baths4.03.0
64%
Square foot2,4742,269
61%
Lot Size6,3024,105
77%
Price$1.60M$1.50M
61%
Price per sq ft$646$639
55%
Built year20182015
59%
HOA$438.0$330
79%
Days on market23184
3%

Pricing History

Listed for Sale

Feb 25, 2026

$1,599,000

$1,649,000

-3% Price Drop

Initial Listing

Price Change

Feb 12, 2026

$1,649,000

Initial Listing

Sold

Nov 3, 2021

$1,350,000

Public Record

Sold

May 9, 2018

$1,040,000

Public Record

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