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

21527 Paseo Palmetto
Mission Viejo, California 92692
Property Price
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
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
Rancho Santa Margarita Intermediate School
Grades 7-8 • 2.3 mi
Trabuco Hills High School
Grades 9-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 80% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,428 | 1,369 | 54% |
| Lot Size | 199,635 | 65,017 | 71% |
| Price | $869.9K | $869.9K | 50% |
| Price per sq ft | $609 | $609 | 50% |
| Built year | 1989 | 1987 | 57% |
| HOA | $791.43 | $609 | 97% |
| Days on market | 32 | 157 | 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













































