22462 Alcudia, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath
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Mission Viejo, California 92692
This Remodeled Lake-View Condominium is a Strong Value Opportunity, with a List Price of $924,900—positioned well below the $1,020,397 Fair Market Value by 9%. This valuation gap provides $95,497 in Instant Equity for the buyer. Boasting a Renovated Condition Rating, the home features quartz countertops, luxury vinyl flooring, and panoramic lake and greenbelt views. Located within a guard-gated community served by the Capistrano Unified School District, this turnkey residence balances financial upside with resort-style living. It is an ideal acquisition for Owner-Occupants or Lifestyle-Oriented Buyers seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22462 Alcudia Subject | $924,900* List Price | 2 | 2 | 1,444 | $707 | - |
A 22486 Petra Sold | $1,130,000 | 2 | 2 | 1,444 | $783 | 0.0 mi |
B 22482 Formentor 15 Sold | $1,095,000 | 2 | 2 | 1,444 | $758 | 0.0 mi |
C 27805 Barbate 15 Sold | $1,094,900 | 2 | 2 | 1,333 | $821 | 0.7 mi |
D 22422 Porreras 7 Sold | $800,000 | 2 | 2 | 1,477 | $542 | 0.1 mi |
E 27722 Campanet Sold | $875,000 | 2 | 2 | 1,286 | $680 | 0.2 mi |
F 27913 Trocadero 68 Sold | $975,000 | 2 | 2 | 1,333 | $731 | 0.7 mi |
G 27792 Soller Active Under Contract | $998,000 List Price | 2 | 2 | 1,477 | $676 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been extensively renovated recently, featuring modern oak-toned luxury vinyl plank flooring, quartz countertops, and new stainless steel appliances. The interior is move-in ready with updated sliding glass doors and contemporary finishes throughout the kitchen and living areas, meeting current quality standards with no visible deferred maintenance.
The property offers exclusive access to Lake Mission Viejo, including a private beach and boat docks, complemented by picturesque lake and greenbelt views from the private patio.
The condo features high-end updates including oak-toned luxury vinyl plank flooring, quartz countertops, and stainless steel appliances, providing a contemporary, move-in-ready aesthetic.
As a garden-level end unit with its own private stairway and entrance, this home offers superior privacy and increased natural light compared to interior units.
The monthly HOA fee of $753 is substantial and may be a deterrent for budget-conscious buyers or those sensitive to carrying costs.
The two-car garage is detached from the unit, which may be less convenient for residents during inclement weather or when transporting heavy items into the home.
Welcome to resort-style living in the highly sought-after Mallorca community of Mission Viejo, offering stunning lake views and an unbeatable location. This beautifully remodeled garden-level condo features 2 bedrooms, 2 bathrooms, and approximately 1,444 square feet of light-filled living space. Privately situated end unit with its own stairway and entrance, this home offers both comfort and privacy in a serene, 24 hour guard-gated community. Step inside to discover a bright and open floor plan with abundant natural light, enhanced by numerous windows and newer sliding glass doors. The interior has been tastefully updated with oak-toned luxury vinyl plank flooring, quartz countertops, and stainless steel appliances, creating a modern yet inviting atmosphere. The spacious living areas flow seamlessly to a private patio overlooking the lush greenbelt and picturesque Lake Mission Viejo—perfect for relaxing or entertaining while enjoying the peaceful surroundings. Additional highlights include indoor laundry and a detached two-car garage, providing both convenience and functionality. Residents of Mallorca enjoy exclusive access to their own private beach with boat docks and kayak and paddle-board storage, 2 community pools & spas, along with coveted Lake Mission Viejo membership, offering year-round amenities such as beaches, boating, concerts, 4th of July fireworks and more. Ideally located near shopping, dining, and major transportation, this quiet and well-maintained community offers the perfect blend of luxury, comfort, and lifestyle.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 6-8 • 2.6 mi
Grades 6-8 • 4.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,444 | 1,349 | 65% |
| Lot Size | 215,746 | 3,845 | 80% |
| Price | $924.9K | $855.0K | 65% |
| Price per sq ft | $641 | $614 | 65% |
| Built year | 1979 | 1989 | 28% |
| HOA | $753.0 | $514 | 88% |
| Days on market | 21 | 167 | 3% |
Apr 1, 2026
$924,900
Initial Listing
Apr 4, 2025
$825,000
Public Record
Dec 6, 2024
$750,000
Public Record