21285 Mazatlan, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 3 bath
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21285 Mazatlan
Mission Viejo, California 92692
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,941Sq Ft
3,900Lot Size
Property Price
LIST PRICE$1,239,900
EST. MARKET VALUE
$1,280,027
3% BelowMARKET VALUE
SUMMARY
This Turnkey Senior Community Residence is a Strong Value Opportunity, listed at $1,239,900—positioned well below the $1,280,027 Fair Market Value by 3%. This valuation gap offers $40,127 in Instant Equity for the buyer. Featuring a Modernized Kitchen and Downstairs Primary Suite, the home maintains an Excellent Condition Rating. Residents enjoy resort-style amenities in the guard-gated Palmia community and access to top-rated schools. This is an ideal acquisition for Retirees or Owner-Occupants seeking a premium, low-maintenance lifestyle.
Estimated Market Value
$1,280,027+$40,127 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Mission Viejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21285 Mazatlan Subject | $1,239,900* List Price | 3 | 3 | 1,941 | $659 | - |
A 21375 Amora Sold | $1,345,000 | 3 | 3 | 2,045 | $658 | 0.2 mi |
B 21285 Amora Sold | $1,340,000 | 3 | 3 | 2,188 | $612 | 0.2 mi |
C 21285 San Miguel Sold | $1,240,000 | 2 | 3 | 1,941 | $639 | 0.1 mi |
D 21432 Bastia Sold | $1,200,000 | 2 | 2 | 1,701 | $705 | 0.2 mi |
E 21235 Mazatlan Sold | $1,200,000 | 3 | 3 | 1,941 | $618 | 0.1 mi |
F 28102 Virginia Sold | $1,360,000 | 4 | 3 | 1,956 | $695 | 0.4 mi |
G 21162 Whitebark Sold | $1,230,025 | 3 | 3 | 1,976 | $622 | 0.5 mi |
H 21235 San Miguel Sold | $1,295,000 | 3 | 3 | 1,941 | $667 | 0.1 mi |
I 21315 Amora Pending | $1,335,000 List Price | 3 | 3 | 2,045 | $653 | 0.2 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.
Although built in 1995, the home features a high-end, modern renovation likely completed within the last 5 years. The kitchen is fully updated with quartz countertops, shaker cabinetry, and stainless steel appliances. The interior shows mint condition with updated flooring, plantation shutters, and contemporary fixtures, making it move-in ready with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Premier Senior Living Amenities
Located in the guard-gated Palmia community, residents enjoy resort-style amenities including an 18-hole putting green, tennis, pickleball, and exclusive access to Lake Mission Viejo beaches and concerts.
- Functional Main-Level Living
The home features a highly desirable downstairs primary suite and a modernized kitchen with quartz countertops and stainless steel appliances, ideal for long-term accessibility and comfort.
- Superior Lot and Location
Situated on a quiet cul-de-sac, the property boasts an exceptionally large, low-maintenance backyard that offers rare outdoor space for entertaining compared to typical senior community lots.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Lack of Scenic Views
The property listing indicates no specific views, which may be a drawback for buyers seeking the panoramic hills or city light vistas often found in Mission Viejo.
- Non-Conforming Bedroom Spaces
The second downstairs bedroom lacks a closet and the upstairs office requires conversion to be a true bedroom, which may limit immediate utility for those needing a traditional three-bedroom setup.
About 21285 Mazatlan
Located in Mission Viejo’s premier guard-gated SENIOR community of Palmia. This spacious and inviting home features 3 bedrooms, 3 bathrooms, plus a dedicated office. Step inside to a light and bright formal living and dining room combination featuring a cozy fireplace, plantation shutters, and direct access to the incredible, extra-large backyard. The spacious kitchen offers a large center island, quartz countertops, stainless steel appliances, ample workspace, and convenient direct access to the garage. The downstairs primary suite is generously sized and features plantation shutters and direct access to the backyard. The primary bathroom includes a dual-sink vanity, large walk-in shower, private commode area, and walk-in closet. A second downstairs bedroom has no closet, and conveniently located adjacent to the hall bathroom. Upstairs, there is en-suite bedroom, ideal for guests. The other room has built-in office area, that offers the flexibility to be converted into an additional bedroom. Situated on a quiet, small cul-de-sac, this home boasts an exceptionally large, low-maintenance backyard—an ideal setting for relaxing, entertaining, and enjoying time with family and friends. Palmia senior community is second to none with an 18-hole putting green, tennis, paddle tennis, pickle ball, bocce, swimming pool & spa, fitness center, billiards, library, card rooms, beautiful club house, many parties, and much more. You also have access to Lake Mission Viejo, with beautiful sandy beaches, boating and fabulous summer concerts.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 3,900 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $496.74 / Month
Neighborhood Insights
Mission Viejo Unified Schools
Melinda Heights Elementary School
Grades K-6 • 0.8 mi
8/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 2.6 mi
7/10
Trabuco Hills High School
Grades 9-12 • 1.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.7 |
| Square foot | 1,941 | 1,991.55 |
| Lot Size | 3,900 | 6,066.337 |
| Price | $1.24M | $1.37M |
| Price per sq ft | $639 | $682 |
| Built year | 1998 | 1977 |
| HOA | $496.74 | $221 |
| Days on market | 28 | 47 |
Pricing History
Listed for Sale
Aug 12, 2026
$1,239,900
Initial Listing
Sold
May 12, 2022
$1,100,000
Public Record
Sold
Sep 2, 2015
$690,000
Public Record
Sold
Jun 10, 2005
$725,000
Public Record
Sold
Feb 26, 1996
$207,500
Public Record