121 Graze, Rancho Mission Viejo, California 92694, Rancho Mission Viejo, 92694 - 2 bed, 3 bath
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121 Graze
Rancho Mission Viejo, California 92694
ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
1,272Sq Ft
113,118Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$699,000
SUMMARY
This Stunning Move-In Ready Model Home is listed at $725,000, offering exceptional value right at its $725,000 Fair Market Value. Featuring Owned Solar, a gourmet kitchen, and a dedicated WFH office partition, the property boasts a Mint Condition Rating requiring zero immediate work. Situated in the desirable Capistrano Unified School District, this listing combines financial stability with modern luxury, including a private gated patio and mountain views. It is the perfect fit for professional couples or first-time buyers seeking a polished, stress-free transition into a premium community.
Estimated Market Value
$699,000
Based on Realkey algorithm analyzing recent comparable sales in Rancho Mission Viejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 Graze Subject 2 bd · 3 ba · 1,272 sqft · $550 | $699,000* List Price | 2 | 3 | 1,272 | $550 | - |
A 131 Graze Way Sold 2 bd · 3 ba · 1,272 sqft · $649 · 0.0 mi | $825,000 | 2 | 3 | 1,272 | $649 | 0.0 mi |
B 1525 Gavilan Ridge Road Sold 2 bd · 3 ba · 1,296 sqft · $687 · 0.7 mi | $889,837 | 2 | 3 | 1,296 | $687 | 0.7 mi |
C 231 Equine Way Sold 2 bd · 3 ba · 1,490 sqft · $520 · 0.1 mi | $775,000 | 2 | 3 | 1,490 | $520 | 0.1 mi |
D 1000 Lasso Way 301 Sold 2 bd · 2 ba · 1,036 sqft · $652 · 0.1 mi | $675,000 | 2 | 2 | 1,036 | $652 | 0.1 mi |
E 1200 Lasso Way 303 Sold 2 bd · 2 ba · 1,251 sqft · $551 · 0.1 mi | $689,000 | 2 | 2 | 1,251 | $551 | 0.1 mi |
F 1500 Lasso Way 205 Sold 2 bd · 2 ba · 1,089 sqft · $606 · 0.1 mi | $660,000 | 2 | 2 | 1,089 | $606 | 0.1 mi |
G 1301 Lasso Way 205 Sold 2 bd · 2 ba · 1,089 sqft · $601 · 0.1 mi | $654,000 | 2 | 2 | 1,089 | $601 | 0.1 mi |
H 61 Wheelbarrow Road Active 2 bd · 3 ba · 1,272 sqft · $587 · 0.0 mi | $747,000 List Price | 2 | 3 | 1,272 | $587 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2023, this former model home is in mint condition and meets the criteria for a property less than 10 years old. It features high-end modern finishes, including a gourmet kitchen with white shaker cabinetry and quartz counters, luxury vinyl plank flooring, and state-of-the-art systems such as owned solar, EV charging, and a water filtration system.
PROSSTRENGTHS & OPPORTUNITIES
- Designer Model Home Upgrades
As a former model home, this property features premium designer finishes, custom accent walls, and high-end cabinetry that significantly exceed standard builder specifications.
- Energy Efficiency & Sustainability
The residence includes fully owned solar panels and a 220-volt EV charging outlet, offering significant long-term utility savings and modern convenience for eco-conscious buyers.
- Functional WFH Space
A unique insulated office partition in the garage provides a dedicated, quiet workspace, catering perfectly to the modern work-from-home lifestyle without sacrificing primary living square footage.
CONSRISKS & DEFICIENCIES
- Tandem Garage Configuration
The two-car tandem garage requires vehicles to be parked one behind the other, which can be less convenient for multi-driver households compared to traditional side-by-side parking.
- Three-Story Vertical Layout
The multi-level design requires frequent use of stairs to navigate between the entry, main living area, and bedrooms, which may be a drawback for buyers prioritizing accessibility.
About 121 Graze
PRICE IMPROVEMENT! Experience elevated living in this exceptional, model perfect 3 story residence in the highly desirable Rienda Village of Rancho Mission Viejo. Designed with the feel of a townhome, this 2 bedroom, 2.5 bath home features an attached garage, breathtaking elevated views of the surrounding hills, and a private gated front patio. Enjoy valuable upgrades, including OWNED SOLAR, an OWNED reverse osmosis system, an OWNED water softener, and an EV hookup in the attached garage.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2023
- Lot Size
- 113,118 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $374.33 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 3.0 | 2.9 |
| Square foot | 1,272 | 1,563.912 |
| Lot Size | 113,118 | 21,754 |
| Price | $699.0K | $978.2K |
| Price per sq ft | $550 | $626 |
| Built year | 2023 | 2020 |
| HOA | $374.33 | $356 |
| Days on market | 107 | 62 |
Pricing History
Listed for Sale
Oct 15, 2026
$699,000
$725,000
-4% Price Drop
Initial Listing
Price Change
Sep 23, 2026
$725,000
$749,000
-3% Price Drop
Initial Listing
Price Change
Jul 25, 2026
$749,000
$810,000
-8% Price Drop
Initial Listing
Price Change
Jul 10, 2026
$810,000
Initial Listing