21531 Paseo Palmetto, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath

21531 Paseo Palmetto, Mission Viejo, California 92692 home-pic-0

21531 Paseo Palmetto

Mission Viejo, California 92692

ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
2Baths
1,010Sq Ft
4,752.11Lot Size

Property Price

LIST PRICE$699,900

SUMMARY

Analysis of 21531 Paseo Palmetto, Mission Viejo, California 92692 is currently available with a list price of $699,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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

Fair
TeardownExcellent

Property is moderate renovation needed.

The property is exceptionally well-maintained and move-in ready, but it primarily features original 1989 finishes. While the kitchen has updated stainless steel appliances and the master bedroom has new carpet, the louvered wood cabinetry and white tile countertops in the kitchen and bathrooms are dated. It fits the 'fair' criteria as a 35-year-old home that has been well-kept through regular upkeep but has not undergone a comprehensive modern renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • Premier 55+ Community Amenities

    Located in the vibrant Palmia community, residents enjoy 24-hour guard-gated security, a 12,500 sq. ft. clubhouse, three pools, and extensive sports facilities including pickleball and an 18-hole putting course.

  • Rare Private Driveway

    This property is one of the few homes in the Palmia Courts subdivision to feature a private driveway in addition to the single-car garage, providing superior parking convenience for guests.

  • Lake Mission Viejo Membership

    The inclusion of a membership to Lake Mission Viejo offers exclusive access to boating, fishing, and a popular summer concert series, significantly enhancing the lifestyle value.

CONSRISKS & DEFICIENCIES

  • High Monthly HOA Dues

    The association fee of $791.43 is relatively high, which may impact the monthly affordability for some buyers on a fixed income.

  • Compact Living Square Footage

    At 1,010 square feet, the living space is quite modest for a two-bedroom residence, which may feel restrictive for those downsizing from larger family homes.

  • Lack of Scenic Views

    The property listing indicates no specific views, which may be a disadvantage compared to other homes in the Mission Viejo area that offer hills or city light vistas.

About 21531 Paseo Palmetto

Palmia, an active vibrant 55+ community like no other offers a rarely on the market, 1010 sq. ft., 2 bedroom, 2 bath beauty. Spacious and functional front patio. Open floor plan with great room and adjacent dining area open to kitchen. High ceilings, tile flooring, plantation shutters throughout, wrap around fireplace. New carpet in master bedroom. Single car garage with storage. One of few Palmia Courts homes with private driveway. Newer washer/dryer (2022) and newer water heater (2024). Pull down shade in back patio. Palmia, with immaculately kept grounds and 24 hr. guard gated security that offers numerous clubs and activities including tennis, pickleball, bocce ball, shuffle board, a gorgeous 18 hole putting course. 3 pools, a 12,500 sq. ft. Clubhouse which hosts a party for every holiday and many other activities. There's no end to the activities that you have to choose from. Includes membership to beautiful Lake Mission Viejo with fishing, boating, and a spectacular summer concert series.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1989
Lot Size
4,752.11 Sq. Ft.

Interior

Total Bedrooms
2
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)
Beds2.03.0
18%
Baths2.03.0
44%
Square foot1,0101,859
1%
Lot Size4,752.114,950
48%
Price$699.9K$1.23M
1%
Price per sq ft$693$645
66%
Built year19891983
72%
HOA$791.43$253
99%
Days on market21149
1%

Pricing History

Listed for Sale

Feb 16, 2026

$699,900

Initial Listing

Price Change

Feb 14, 2026

$720,000

Initial Listing

Sold

Apr 1, 2022

$639,000

Public Record

Sold

Mar 24, 2016

$405,000

Public Record

Sold

Jul 30, 2002

$245,000

Public Record

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