21539 San Giorgio, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 3 bath
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21539 San Giorgio
Mission Viejo, California 92692
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,749Sq Ft
199,635Lot Size
Property Price
LIST PRICE$845,000
EST. MARKET VALUE
$873,489
3% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $845,000, positioned well below the $873,489 Fair Market Value by 3%. This valuation gap offers $28,489 in Instant Equity for buyers. Featuring a Fair Condition Rating, the property provides a versatile floor plan with a loft and Peek-A-Boo Mountain Views. Located in the premier Palmia 55+ community, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through modernization.
Estimated Market Value
$873,489+$28,489 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 |
|---|---|---|---|---|---|---|
★ 21539 San Giorgio Subject | $845,000* List Price | 3 | 3 | 1,749 | $499 | - |
A 21527 Paseo Palmetto Sold | $844,000 | 3 | 2 | 1,428 | $591 | 0.0 mi |
B 28826 Paseo Campana Sold | $850,000 | 3 | 2 | 1,428 | $595 | 0.0 mi |
C 28845 San Simeon Sold | $872,000 | 3 | 3 | 1,749 | $499 | 0.0 mi |
D 27937 Carrington Sold | $799,900 | 3 | 3 | 1,543 | $518 | 0.9 mi |
E 21555 San Pablo Sold | $785,000 | 2 | 2 | 1,387 | $566 | 0.1 mi |
F 28919 28919 Paseo Theresa Sold | $885,000 | 3 | 2 | 1,695 | $522 | 0.2 mi |
G 28938 Paseo Caravella Active | $869,900 List Price | 3 | 2 | 1,695 | $513 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1989, this 35-year-old property is described as a renovation opportunity. While clean and functional with some updates like laminate flooring and stone countertops, the kitchen cabinetry and black appliances are dated. It fits the 'Fair' criteria as a well-cared-for but dated home requiring modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
Located in the premier Palmia 55+ gated community, residents enjoy extensive facilities including tennis, pickleball, and a clubhouse, plus exclusive Lake Mission Viejo membership privileges.
- Versatile Floor Plan
The 1,749 sqft layout features a rare corner location with high ceilings and a flexible upper-level loft that can easily serve as a third bedroom, home office, or guest retreat.
- Value-Add Potential
The property offers a clean slate for buyers to personalize finishes and upgrades, providing an excellent opportunity to build equity through modern interior renovations.
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.
- High Monthly Carrying Costs
The association fee of $791.43 per month is relatively high, which may impact overall affordability and appeal for buyers on a fixed income.
- Immediate Modernization Required
The home likely requires significant cosmetic updates to meet modern aesthetic standards, necessitating additional capital investment immediately after purchase.
About 21539 San Giorgio
Spacious Palmia Residence with Versatile Third Bedroom/Loft — A Rare Opportunity to own this floor plan and location Welcome to 21539 San Giorgio, ideally located within Palmia, one of Mission Viejo’s premier gated 55+ communities. Offering approximately 1,749 square feet, this desirable 3 bedroom, 2 full baths, and half bath residence features a versatile upper-level third bedroom currently configured as an open loft, along with a spacious two-car garage. The flexible floor plan offers an exceptional combination of space, functionality, and resort-style community living. The light-filled interior features comfortable living and dining spaces, generously sized bedrooms, high ceilings, and a versatile upper-level bedroom/loft. Currently enjoyed as an open loft, this flexible space offers numerous possibilities and can serve as a home office, den, hobby room, guest retreat, or additional living area. Ready for its next chapter, the home presents an excellent opportunity for a buyer to personalize it to reflect their own style. Rather than paying a premium for someone else’s renovations, the new owner has the opportunity to create the home they envision while enjoying a clean and cared for property with an established floor plan, desirable corner setting, and all that Palmia has to offer. Palmia residents enjoy an active, resort-inspired lifestyle with an impressive collection of amenities, including swimming pools and spas, tennis and pickleball courts, fitness and recreational facilities, a clubhouse, social activities, beautifully maintained grounds, and more than 40 clubs and groups. Membership at Lake Mission Viejo further enhances the lifestyle with swimming, boating, fishing, sandy beaches, BBQ and picnic areas, summer concerts, and year-round recreational opportunities. With 3 bedrooms, including the versatile upper-level bedroom/loft, approximately 1,749 square feet, 2 full baths and a half bath, a two-car garage, gated setting, and sought-after private corner location, 21539 San Giorgio represents a wonderful opportunity to purchase a spacious Palmia residence and transform it into something personal and truly special.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 199,635 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,749 | 1,248.725 |
| Lot Size | 199,635 | 90,361.45 |
| Price | $845.0K | $756.3K |
| Price per sq ft | $483 | $612 |
| Built year | 1989 | 1984 |
| HOA | $791.43 | $504 |
| Days on market | 6 | 55 |
Pricing History
Listed for Sale
Sep 3, 2026
$845,000
Initial Listing