
Mission Viejo, California 92692
This Sophisticated 55+ Villa is a Strong Value Opportunity, listed at $1,100,000—positioned well below the $1,142,207 Fair Market Value by 3%. This valuation gap offers $42,207 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes full PEX repiping, a remodeled primary bath, and a private patio. Located in the premier Palmia community with Lake Mission Viejo privileges, this residence is ideal for Active Retirees or Owner-Occupants seeking a turnkey, amenity-rich lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21105 Cancun Subject | $1,075,000* List Price | 3 | 3 | 1,635 | $673 | - |
A 21351 Mazatlan Sold | $1,180,000 | 3 | 2 | 1,472 | $802 | 0.3 mi |
B 21432 Bastia Sold | $1,200,000 | 2 | 2 | 1,701 | $705 | 0.4 mi |
C 28102 Virginia Sold | $1,360,000 | 4 | 3 | 1,956 | $695 | 0.5 mi |
D 21191 Mazatlan Sold | $1,122,000 | 2 | 3 | 1,765 | $636 | 0.1 mi |
E 27992 Virginia Sold | $1,160,000 | 3 | 3 | 1,781 | $651 | 0.6 mi |
F 21776 Lanar Sold | $1,190,000 | 3 | 2 | 1,561 | $762 | 0.7 mi |
G 21162 Whitebark Sold | $1,230,025 | 3 | 3 | 1,976 | $622 | 0.4 mi |
H 21235 San Miguel Sold | $1,295,000 | 3 | 3 | 1,941 | $667 | 0.1 mi |
I 28242 Elmwood Active | $1,229,900 List Price | 3 | 3 | 1,540 | $799 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1990, the property is in move-in ready condition with significant recent upgrades including newer flooring, oversized baseboards, and a remodeled primary suite bath. Crucially, the plumbing system has been updated with a full PEX repipe. While some cabinetry and tile surfaces reflect the original 1990 construction, the overall maintenance and key system updates elevate it above the 'Fair' category.
The property features critical high-value upgrades including full PEX repiping, newer flooring, and a completely remodeled primary en-suite bath, reducing immediate maintenance concerns for the buyer.
The layout is optimized for 55+ living with a secluded main-floor primary suite, while the upstairs loft with a full bath provides a private and versatile space for guests or a home office.
Situated on an expansive corner lot, the home offers enhanced privacy and access to elite Palmia amenities, including pickleball, putting greens, and exclusive Lake Mission Viejo privileges.
Located in the Palmia 55+ community, the property is restricted to a specific demographic, significantly narrowing the pool of potential buyers and future resale opportunities.
With a monthly association fee of nearly $500 and a premium price point for 1,635 square feet, the ongoing cost of ownership is relatively high compared to non-amenity-heavy neighborhoods.
QUALITY JM PETERS HOME • NO MELLO-ROOS • CORNER-LOT VILLA IN PALMIA Welcome to this immaculate JM Peters residence, ideally positioned on an expansive corner lot in the highly sought-after 55+ community of Palmia. Thoughtfully maintained and beautifully updated, this inviting home features newer flooring, crisp oversized baseboards, vaulted ceilings, and plantation shutters that fill the open living and dining areas with natural light. A warm fireplace adds a welcoming touch. At the heart of the home, the island kitchen opens to a bright breakfast nook overlooking the backyard and flows seamlessly into the intimate family room—creating an ideal setting for everyday living and entertaining. The secluded main-floor primary suite offers direct backyard access and a pristine remodeled en-suite bath, creating a peaceful private retreat. A versatile second downstairs bedroom can easily serve as an executive office, den, or guest room. Upstairs, a private loft with its own full bath provides exceptional flexibility for guests, hobbies, or additional living space. Practical improvements include full PEX re-piping, providing added peace of mind for years to come. Step outside into the garden-lover's backyard, where the generous corner lot offers a wonderful canvas for relaxing, gardening, entertaining, or simply enjoying the Southern California lifestyle. And Palmia living is truly exceptional. Residents enjoy an impressive array of resort-style amenities, including pickleball, putting greens, pools, fitness facilities, clubs, and more, along with exclusive privileges at nearby Lake Mission Viejo. A beautifully maintained JM Peters home, a premium corner lot, extensive updates, and NO MELLOROOS—this is Palmia living at its best.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 2.7 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.7 |
| Square foot | 1,635 | 1,991.55 |
| Lot Size | 4,900 | 6,066.337 |
| Price | $1.07M | $1.37M |
| Price per sq ft | $657 | $682 |
| Built year | 1990 | 1977 |
| HOA | $496.74 | $221 |
| Days on market | 76 | 47 |
Aug 18, 2026
$1,075,000
$1,100,000
-2% Price Drop
Initial Listing
Jun 25, 2026
$1,100,000
Initial Listing
Dec 3, 2021
$890,000
Public Record