
Mission Viejo, California 92692
This Turnkey 55+ Residence in Palmia is a Strong Value Opportunity, listed at $899,900—positioned well below the $903,989 Fair Market Value by 0.45%. This valuation gap offers $4,089 in Instant Equity. Featuring a Condition Rating of 3, the home includes recent upgrades like Luxury Vinyl Plank flooring and new water heater. Residents enjoy resort-style amenities and access to Lake Mission Viejo. This is an ideal acquisition for Active Retirees or Downsizing Homeowners seeking a low-maintenance, move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21185 Cancun Subject 2 bd · 2 ba · 1,200 sqft · $753 | $899,900* List Price | 2 | 2 | 1,200 | $753 | - |
A 21161 Mazatlan Sold 2 bd · 2 ba · 1,224 sqft · $756 · 0.0 mi | $925,000 | 2 | 2 | 1,224 | $756 | 0.0 mi |
B 21325 Mazatlan Sold 2 bd · 2 ba · 1,224 sqft · $768 · 0.2 mi | $940,000 | 2 | 2 | 1,224 | $768 | 0.2 mi |
C 21249 Cancun Sold 2 bd · 2 ba · 1,200 sqft · $803 · 0.1 mi | $964,000 | 2 | 2 | 1,200 | $803 | 0.1 mi |
D 21488 Marana Active 2 bd · 2 ba · 1,402 sqft · $678 · 0.5 mi | $949,990 List Price | 2 | 2 | 1,402 | $678 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1990, the property has been recently refreshed with new luxury vinyl plank flooring, neutral paint, and a new water heater. The kitchen and bathrooms are well-maintained and functional with stainless steel appliances, though they retain some dated elements like tile countertops. The home is in move-in ready condition.
Located in the prestigious Palmia community, residents enjoy a wealth of amenities including a clubhouse, sports courts, and exclusive membership to Lake Mission Viejo for an active lifestyle.
The home features significant recent upgrades such as luxury vinyl plank flooring, oversized baseboards, and fresh neutral paint, offering a contemporary and move-in-ready aesthetic.
Ideally situated on a corner lot, the property boasts enhanced curb appeal and a private wraparound yard designed for low-maintenance outdoor living and entertaining.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4023, other record lot size in square feet = 3600.
The monthly association fee of nearly $500 adds a significant recurring expense to the homeowner's budget, which may be a concern for those on a fixed income.
At 1,200 square feet, the interior footprint is relatively modest, potentially feeling restrictive for buyers transitioning from larger family homes or requiring extra storage.
Welcome to this beautifully refreshed Single-level residence in Palmia, Mission Viejo’s highly desirable 55+ community. Offering two bedrooms and two full bathrooms, this inviting home combines comfortable everyday living with an easy, low-maintenance lifestyle. Recent improvements include LUXURY VINYL PLANK flooring, OVERSIZED BASEBOARDS, NEUTRAL INTERIOR PAINT AND NEW WATER HEATER. Soaring ceilings and expansive windows create a bright, open ambiance, while the thoughtfully designed floor plan allows the living room, dining area, and kitchen to flow seamlessly together, perfect for both relaxed living and entertaining. A cozy fireplace and plantation shutters add warmth and character to the main living area. The kitchen features white cabinetry, stainless-steel appliances and a convenient dining nook, providing a comfortable space for casual meals and conversation. The spacious primary suite offers a peaceful retreat with an ensuite bath featuring dual vanities, a walk-in closet, and ample storage. A generously sized secondary bedroom provides an inviting space for guests, family, or a home office. White plantation shutters throughout add a timeless finishing touch. Step outside to the nicely sized wraparound yard, where thoughtfully arranged hardscape and softscape create a private, low-maintenance setting for morning coffee, outdoor dining, or simply enjoying the Southern California sunshine. The home has a distinctive sense of identity and curb appeal, ideally positioned directly on a Corner lot. Life in Palmia is about more than just homeownership—it’s an active, social, resort-style lifestyle. Residents enjoy an impressive array of amenities, including a clubhouse, swimming pool and spa, fitness center, tennis, pickleball, paddle tennis, putting green, library, bocce ball, shuffleboard, and an extensive calendar of social activities and events designed for active adults. Homeownership also includes membership to Lake Mission Viejo, offering access to lakeside beaches, boating, summer concerts, and a variety of year-round community events. Conveniently located near shopping, dining, entertainment, and everyday conveniences, this home offers an exceptional opportunity to enjoy the comfort, camaraderie, and active lifestyle that make Palmia such a special place to call home.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 2.8 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,200 | 1,986.183 |
| Lot Size | 4,023 | 5,984.226 |
| Price | $899.9K | $1.36M |
| Price per sq ft | $750 | $682 |
| Built year | 1990 | 1977 |
| HOA | $496.74 | $213 |
| Days on market | 31 | 49 |
Oct 24, 2026
$899,900
$925,000
-3% Price Drop
Initial Listing
Sep 24, 2026
$925,000
Initial Listing
Sep 26, 2007
$605,000
Public Record
Apr 27, 2005
$529,000
Public Record