21527 Paseo Palmetto, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 2 bath

21527 Paseo Palmetto, Mission Viejo, California 92692 home-pic-0

21527 Paseo Palmetto

Mission Viejo, California 92692

ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,428Sq Ft
199,635Lot Size

Property Price

LIST PRICE$869,900

SUMMARY

Analysis of 21527 Paseo Palmetto, Mission Viejo, California 92692 is currently available with a list price of $869,900. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the 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.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and exceptionally well-maintained, fitting the 'good' criteria. While originally built in 1989, it features important updates such as granite countertops in the kitchen and a renovated hall bathroom. The interior is clean with vaulted ceilings and functional systems, though the white kitchen appliances and cabinetry reflect a slightly older style rather than a full modern renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • Premier Senior Living Amenities

    Located in the highly regarded Palmia community, residents have access to an 18-hole putting green, sports courts, a clubhouse, and exclusive Lake Mission Viejo beach and boating privileges.

  • Rare Parking Convenience

    The property features a full-size driveway, a rare and valuable asset in this community, supplemented by its close proximity to guest parking and the community pool.

  • Desirable Single-Level Layout

    This single-story home offers an open floorplan with vaulted ceilings and a primary suite that provides direct access to a private patio with peaceful greenbelt views.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =199635, other record lot size in square feet = 4751. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.

  • High Monthly HOA Fees

    The association fee of approximately $791 per month is significant and may be a deterrent for buyers sensitive to high fixed monthly carrying costs.

  • Non-Conforming Third Bedroom

    The third bedroom currently lacks a closet, which may limit its functionality as a formal bedroom and could impact the property's perceived value or appraisal classification.

About 21527 Paseo Palmetto

Welcome to this wonderful single-level home nestled in Mission Viejo’s most sought-after senior communities. A welcoming front door opens into a lovely formal entry that overlooks a spacious living room featuring vaulted ceilings, a cozy fireplace, and an elegant formal dining area. The living room offers direct access to a serene back patio with peaceful views of trees and the greenbelt—an ideal setting for relaxing or entertaining family and friends. The thoughtfully designed floorplan includes three bedrooms, with one currently without a closet, making it perfectly suited as a home office, den, or flex space. The large open kitchen features abundant cabinetry, granite countertops, and a charming breakfast nook for casual dining. The private primary suite is located at the rear of the home with direct patio access. The en-suite bathroom includes a double-sink vanity, spacious walk-in shower, customized closet, and a separate commode room. A comfortable guest bedroom is conveniently situated across from the upgraded hall bathroom. Additional highlights include a full-size driveway—a rare and valuable feature—along with nearby guest parking and close proximity to the community pool and spa. This home offers comfort, functionality, and a peaceful setting—perfect for enjoying the best of Mission Viejo living. Palmia senior community is second to none with an 18 hole putting green, pickleball, tennis, paddle tennis, bocce, fitness center, billiards, card rooms, library, beautiful club house, many clubs, parties and much more. You also have access to Lake Mission Viejo with beautiful sandy beaches, boating, picnic area and fabulous summer concerts.

Property Details

Public Facts

Property Type
Condominium
Year Built
1989
Lot Size
199,635 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$791.43 / Month

Neighborhood Insights

Mission Viejo Unified Schools

Melinda Heights Elementary School

Grades K-6 • 0.6 mi

8/10

Rancho Santa Margarita Intermediate School

Grades 7-8 • 2.3 mi

7/10

Trabuco Hills High School

Grades 9-12 • 1.4 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.02.0
80%
Baths2.02.0
50%
Square foot1,4281,369
54%
Lot Size199,63565,017
71%
Price$869.9K$869.9K
50%
Price per sq ft$609$609
50%
Built year19891987
57%
HOA$791.43$609
97%
Days on market32157
6%

Pricing History

Listed for Sale

Feb 3, 2026

$869,900

Initial Listing

Sold

Oct 1, 2012

$350,000

Public Record

Sold

Dec 9, 2002

$342,500

Public Record

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