22455 Melida, Mission Viejo, California 92691, Mission Viejo, 92691 - 5 bed, 3 bath
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Mission Viejo, California 92691
This property presents a High-Potential Investment Opportunity with a List Price of $1,675,000—positioned above the $1,633,795 Fair Market Value. While the pricing reflects a premium, the home’s 3,302 square feet and 5-bedroom layout in the Madrid Del Lago community offer significant scale. With a Condition Rating of 4, the residence serves as a blank canvas for modernization. Proximity to Lake Mission Viejo and Trabuco Hills High School (rated 8) provides strong long-term appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic interior renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22455 Melida Subject | $1,675,000* List Price | 5 | 3 | 3,302 | $495 | - |
A 22552 Sacedon Sold | $1,617,000 | 3 | 3 | 2,602 | $621 | 0.1 mi |
B 22792 Caseda Sold | $1,405,000 | 4 | 3 | 2,538 | $554 | 0.4 mi |
C 27722 Torija Sold | $1,520,000 | 4 | 3 | 2,537 | $599 | 0.3 mi |
D 26982 Safiro Sold | $1,785,000 | 5 | 3 | 3,055 | $584 | 0.6 mi |
E 22561 Demasia Sold | $1,650,000 | 4 | 3 | 3,115 | $530 | 0.8 mi |
F 27426 Sereno Sold | $1,315,000 | 4 | 3 | 2,103 | $625 | 0.5 mi |
G 22182 Abrazo Pending | $1,699,900 List Price | 5 | 3 | 3,084 | $551 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property shows a mix of minor cosmetic updates like newer LVP flooring and recessed lighting, but the bathrooms and laundry areas remain dated with older tile and fixtures. The listing description explicitly highlights the 'opportunity to reimagine the interior,' confirming that while functional, the home requires significant modernization to meet current standards.
Boasting approximately 3,302 square feet and five bedrooms, this is one of the larger residences in Madrid Del Lago, offering an expanded floor plan that provides rare scale and flexibility for the area.
Ideally situated moments from Lake Mission Viejo, residents enjoy exclusive access to lake amenities, parks, and high-performing schools within the sought-after Capistrano Unified School District.
The property serves as an excellent canvas for buyers looking to reimagine a large-scale interior to their personal taste, offering significant long-term equity potential in a high-demand neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3302, other record living area = 3180. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The property is noted as having no views, which may be a competitive disadvantage compared to other premium homes in Mission Viejo that offer lake, hill, or city light vistas.
Built in 1978 and marketed as an opportunity to 'reimagine the interior,' the home likely requires a significant additional investment in cosmetic or structural updates to meet modern luxury standards.
Rare opportunity to own one of the larger homes in the highly desirable Madrid Del Lago community. This spacious 5-bedroom, 3-bath residence offers approximately 3,302 square feet of living space and an expanded floor plan, providing exceptional flexibility for everyday living and entertaining. Ideally located just moments from Lake Mission Viejo, the home offers generous living areas, spacious bedrooms, and an outstanding opportunity to reimagine the interior to suit your own style and vision. Enjoy nearby Lake Mission Viejo amenities, parks, shopping, dining, and convenient access to schools and commuter routes. An exceptional combination of location, size, and long-term potential in one of Mission Viejo’s most sought-after neighborhoods.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-5 • 1.6 mi
Grades 6-8 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,302 | 1,923 |
| Lot Size | 6,500 | 6,200 |
| Price | $1.68M | $1.35M |
| Price per sq ft | $507 | $686 |
| Built year | 1978 | 1976 |
| HOA | $336.0 | $163 |
| Days on market | 13 | 45 |
Jul 9, 2026
$1,675,000
Initial Listing
Jul 21, 2005
$875,000
Public Record
Feb 25, 2004
$716,000
Public Record
Mar 31, 2000
$459,500
Public Record
May 18, 1999
$430,000
Public Record