22051 Oak Grove, Mission Viejo, California 92692, Mission Viejo, 92692 - 5 bed, 5 bath

22051 Oak Grove, Mission Viejo, California 92692 home-pic-0

22051 Oak Grove

Mission Viejo, California 92692

ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
4,975Sq Ft
8,000Lot Size

Property Price

LIST PRICE$2,600,000
EST. MARKET VALUE
$2,767,154
6% BelowMARKET VALUE

SUMMARY

Analysis of 22051 Oak Grove, Mission Viejo, California 92692 reveals a Prime Investment Opportunity with a current list price of $2,600,000—significantly undercutting the $2,767,154 Fair Market Value by 6%. This valuation gap indicates a +$167,154 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.

Estimated Market Value

$2,767,154 +$167,154 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Mission Viejo.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
22051 Oak Grove
Subject
$2,600,000*
List Price
554,975$556-
A
28811 Greenacres
Sold
$2,120,000533,307$6410.1 mi
B
22652 Sweetmeadow
Sold
$1,900,000433,057$6220.7 mi
C
22816 Maiden Lane
Sold
$2,100,000643,556$5910.8 mi
D
22312 Wayside
Sold
$2,000,000543,700$5410.6 mi
E
22187 Westcliff
Active
$2,998,000
List Price
554,800$6250.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although built in 1988, the property has undergone extensive recent renovations within the last 5 years that meet current luxury standards. Key updates include a newly remodeled gourmet kitchen with quartz countertops, newly installed luxury vinyl plank flooring, and significant system upgrades such as new HVAC with heat pumps, new windows, and owned solar panels. The primary bathroom features modern travertine and glass finishes, and the exterior has been refreshed with new paint and a resort-style pool area, leaving no apparent deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Middle School: Arroyo Vista Middle School (9/10).

  • Extensive Modern Upgrades

    The property features significant high-value improvements including owned solar panels, new HVAC systems with heat pumps, and a fully remodeled gourmet kitchen, offering immediate energy efficiency and reduced move-in costs.

  • Versatile Living Spaces

    With nearly 5,000 square feet including a main-floor bedroom with full bath, a dedicated office, and a large upstairs bonus room, the floor plan exceptionally accommodates multi-generational living and remote work needs.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 4975, other record living area = 4710.

  • High Building-to-Lot Ratio

    The expansive 4,975 square foot home occupies a significant portion of the 8,000 square foot lot, which may limit traditional lawn space and privacy between neighboring properties.

  • School Commute Distance

    While situated within a top-rated district, the designated high school is located over seven miles away, which may be a consideration for families prioritizing proximity to secondary education.

About 22051 Oak Grove

This luxurious Mediterranean estate in the guard gated enclave of Canyon Crest Estates offers an exceptional blend of sophistication and functionality, featuring 5 spacious bedrooms, a dedicated office, and an expansive bonus room—a rare combination that elevates the home’s desirability. From the moment you enter, the home impresses with expansive formal living spaces, soaring vaulted ceilings, and a highly desirable open concept custom floor plan. The newly remodeled gourmet kitchen is a centerpiece of refinement, showcasing quartz countertops, and generous workspace—seamlessly flowing into the casual dining area with new windows and family room that create an ideal inviting great room environment for gatherings. Travertine, and newly installed luxury vinyl plank flooring enrich the interiors with warmth and sophistication. Downstairs, a private office with French doors and main-level bedroom with full bath offer convenience and flexibility for guests or multi-generational living. Upstairs, the expansive primary suite features a private sitting area, fireplace, and balcony overlooking the backyard with scenic views, along with a luxurious bath finished in travertine, glass-enclosed shower and spa-like soaking tub. A spacious bonus room provides additional living space, while the secondary bedrooms include one with an ensuite bath and two others connected by a Jack-and-Jill bathroom. Additional whole home enhancements include owned solar panels, dual whole house fans, new HVAC systems with upgraded ducting and heat pumps, fresh exterior paint, new French doors, and insulated steel garage doors all offering comfort, and enhanced energy efficiency. The resort style backyard is a private sanctuary crafted for exceptional outdoor living. A spectacular pool with baja shelf, rock waterfall, and oversized spa anchors the space, complemented by a cozy fire pit, multiple lounging and conversation areas perfect for both relaxation and entertaining. This extraordinary custom home provides access to Canyon Crest exclusive amenities including multiple tennis courts, three swimming pools, a fitness center, sport courts, a clubhouse, and more. Membership to Lake Mission Viejo opens the door to boating, paddleboarding, community events, and summer concerts—capturing the quintessential Southern California lifestyle. Convenient proximity to premier shopping, top rated schools, and the 5 Freeway and 241 Toll Roads further enhances the appeal of this truly remarkable estate.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1988
Lot Size
8,000 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$253.0 / Month

Neighborhood Insights

Mission Viejo Unified Schools

Arroyo Vista Elementary School

Grades K-5 • 1.5 mi

7/10

Castille Elementary School

Grades K-5 • 2.7 mi

7/10

Arroyo Vista Middle School

Grades 6-8 • 1.5 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
89%
Baths5.03.0
96%
Square foot4,9751,902
99%
Lot Size8,0004,950
91%
Price$2.60M$1.23M
99%
Price per sq ft$523$644
5%
Built year19881983
70%
HOA$253.0$253
50%
Days on market2149
1%

Pricing History

Listed for Sale

Mar 5, 2026

$2,600,000

Initial Listing

Sold

Dec 21, 2018

$1,540,000

Public Record

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