
Mission Viejo, California 92692
This Strong Value Opportunity is a well-maintained single-story residence in the Palmia 55+ community, listed at $929,900—positioned well below the $979,879 Fair Market Value by 5%. This valuation gap provides $49,979 in Instant Equity. Featuring a Fair Condition Rating, the home includes modern infrastructure upgrades like epoxy-coated plumbing. With resort-style amenities and access to Lake Mission Viejo, this property is an ideal acquisition for active retirees or downsizing owner-occupants seeking a secure, lifestyle-focused investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21542 Andorra Subject 2 bd · 2 ba · 1,402 sqft · $699 | $929,900* List Price | 2 | 2 | 1,402 | $699 | - |
A 21161 Mazatlan Sold 2 bd · 2 ba · 1,224 sqft · $756 · 0.5 mi | $925,000 | 2 | 2 | 1,224 | $756 | 0.5 mi |
B 21341 Manzanillo Sold 2 bd · 2 ba · 1,332 sqft · $721 · 0.4 mi | $960,000 | 2 | 2 | 1,332 | $721 | 0.4 mi |
C 21776 Lanar Sold 3 bd · 2 ba · 1,561 sqft · $762 · 0.3 mi | $1,190,000 | 3 | 2 | 1,561 | $762 | 0.3 mi |
D 21432 Bastia Sold 2 bd · 2 ba · 1,701 sqft · $705 · 0.2 mi | $1,200,000 | 2 | 2 | 1,701 | $705 | 0.2 mi |
E 22061 Castlewood Sold 3 bd · 3 ba · 1,540 sqft · $691 · 0.7 mi | $1,064,000 | 3 | 3 | 1,540 | $691 | 0.7 mi |
F 21471 Andorra Sold 1 bd · 3 ba · 1,688 sqft · $622 · 0.1 mi | $1,050,000 | 1 | 3 | 1,688 | $622 | 0.1 mi |
G 21325 Mazatlan Sold 2 bd · 2 ba · 1,224 sqft · $768 · 0.3 mi | $940,000 | 2 | 2 | 1,224 | $768 | 0.3 mi |
H 21191 Mazatlan Sold 2 bd · 3 ba · 1,765 sqft · $636 · 0.5 mi | $1,122,000 | 2 | 3 | 1,765 | $636 | 0.5 mi |
I 21488 Marana Active 2 bd · 2 ba · 1,402 sqft · $678 · 0.1 mi | $949,990 List Price | 2 | 2 | 1,402 | $678 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property exceeds the 20-year threshold for 'Good' condition. While well-maintained with fresh paint, new LED lighting, and epoxy-coated pipes, the kitchen and bathrooms feature dated white cabinetry and older appliances consistent with its original construction era.
Located in the premier Palmia 55+ community, residents enjoy a wealth of amenities including a clubhouse, pool, sports courts, and exclusive membership to Lake Mission Viejo.
The home features a highly desirable single-level open floor plan with modern updates such as fresh interior paint and new recessed LED lighting, ideal for comfortable aging-in-place.
The property includes epoxy-coated plumbing pipes, providing significant long-term value and peace of mind by mitigating common maintenance issues associated with older piping.
The second bedroom currently lacks a closet, which may require the buyer to invest in an armoire or a closet addition to fully utilize it as a traditional bedroom.
The property does not offer a specific view, which could be a disadvantage compared to other homes in the Mission Viejo area that feature hills or city light vistas.
Exceptional Value in Palmia’s Highly Desirable 55+ Community! This well-maintained Single-Story residence offers an inviting open floor plan with fresh interior paint, new recessed LED lighting, and more. The location on this sweet home offers a peaceful setting. Featuring 2 bedrooms and 2 bathrooms, the home is thoughtfully designed for comfortable everyday living and easy entertainment. The foyer leads seamlessly into the Great room, highlighted by a cozy fireplace and open to the well-appointed kitchen featuring white cabinetry. Adjacent is the separate nook for dining with nice window line and sliding door leading to the backyard. The privately positioned primary suite offers a relaxing retreat with ensuite bathroom - dual-sink vanity, separate soaking tub and shower, and a large, customized walk-in closet. Located at the front of the home, the versatile second bedroom is currently used as an office/den-no closet but suitable for an armoire or a closet addition. An adjacent full bathroom provides convenience and privacy for guests. The indoor laundry room features storage cabinetry and direct access to the attached two-car garage, which also offers additional built-in cabinet storage. Additional improvements include epoxy-coated plumbing pipes. Outside, the low-maintenance private backyard provides a wonderful setting for relaxing, or entertaining family and friends. Living in Palmia grants access to exceptional amenities, including a Clubhouse, Pool, Spa, Fitness room, Pickleball and tennis courts, an 18-hole putting green, Bocce ball, Shuffleboard, and more. Additionally, you'll enjoy membership to Lake Mission Viejo, where you can experience boating, concerts, and picnics. This home offers a perfect blend of luxury, convenience, and resort-style living!
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 7-8 • 2.3 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,402 | 1,986.183 |
| Lot Size | 4,914 | 5,984.226 |
| Price | $929.9K | $1.36M |
| Price per sq ft | $663 | $682 |
| Built year | 1997 | 1977 |
| HOA | $546.0 | $213 |
| Days on market | 11 | 49 |
Oct 14, 2026
$929,900
Initial Listing
May 20, 2003
$432,000
Public Record
May 19, 2003
$432,000
Public Record
Sep 23, 1997
$190,000
Public Record